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Facial Recognition Market is Expected to Reach $9.6 Billion, Globally, by 2... PowerPoint PPT Presentation


acial Recognition Market - Global Opportunity Analysis and Industry Forecast, 2015 - 2022research report release by Allied Market Research, the global facial recognition market is expected to generate revenue of $9.6 billion by 2022, growing at a CAGR of 21.3% from 2016 to 2022. Facial recognition is a biometric technology that selects facial features of an individual and compares them with an available database to provide identification and authorization. North America is expected to dominate the market throughout the forecast period, owing to the high expenditure on security systems by government agencies in the region.Facial recognition technologies include 2D, 3D, and facial analytics. The 3D facial recognition technology segment holds a significant share in thefacial recognition market, owing to its high accuracy in terms of recognizing facial features as compared to the 2D facial recognition technology. This segment is expected to witness the fastest growth rate during the forecast period. 2D technology is also widely used due to its low installation cost and operational ease as it uses 2D appearance recognition.

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Facial recognition market is expected to reach 9 6 billion globally by 2022

Graphene Batter Market

rket

Virtual Training and Simulation Market

Facial Recognition Market

Flip Chip Market

Opportunities and Forecasts,

2014 – 2022

2014 – 2022

Opportunities and Forecasts,

2014 – 2022

Opportunities and Forecasts,

Opportunities and Forecasts,

2014 – 2022

2014 – 2022

Opportunities and Forecasts,

Publish Date : Jun 2016 No of Pages:177


Facial recognition market is expected to reach 9 6 billion globally by 2022

Facial Recognition Market - Introduction

Facial Recognition Market - Global Opportunity Analysis and Industry Forecast, 2015 - 2022research

report release by Allied Market Research, the global facial recognition market is expected to generate

revenue of $9.6 billion by 2022, growing at a CAGR of 21.3% from 2016 to 2022. Facial recognition is a

biometric technology that selects facial features of an individual and compares them with an available

database to provide identification and authorization. North America is expected to dominate the market

throughout the forecast period, owing to the high expenditure on security systems by government

agencies in the region.

Facial recognition technologies include 2D, 3D, and facial analytics. The 3D facial recognition technology

segment holds a significant share in thefacial recognition market, owing to its high accuracy in terms of

recognizing facial features as compared to the 2D facial recognition technology. This segment is expected

to witness the fastest growth rate during the forecast period. 2D technology is also widely used due to its

low installation cost and operational ease as it uses 2D appearance recognition.

Among the component segments, hardware accounted for the maximum revenue share in 2015, owing

to high cost of 2D and 3D cameras. The facial recognition software market is estimated to grow at a CAGR

of 23.9% during the forecast period. Development of effective and efficient facial recognition software

applications is expected to drive this market.

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Facial recognition market is expected to reach 9 6 billion globally by 2022

Facial Recognition Market - Key Benefits

 Comprehensive analysis of the current trends and future estimations

of the world facial recognition market is provided.

 The report provides a competitive scenario of the market with

current and future growth trends, structure, driving factors, scope,

opportunities, and challenges.

 The report includes a comprehensive analysis of the market

segments to provide insights on the market dynamics.

 Porter’s Five Forces analysis highlights the potential of buyers and

suppliers as well as provides insights on the competitive structure of

the market to devise effective growth strategies and facilitate better

decision-making.

 Value chain analysis provides key inputs on the role of stakeholders

involved at various stages.

 SWOT analysis of the key market players highlights their strengths

and weaknesses along with potential opportunities present in the

market.


Facial recognition market is expected to reach 9 6 billion globally by 2022

Facial Recognition Market - Table of Contents

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. WORLD FACIAL RECOGNITION MARKET, BY TECHNOLOGY

5. WORLD FACIAL RECOGNITION MARKET, BY COMPONENT

6. WORLD FACIAL RECOGNITION MARKET, BY APPLICATION

7. WORLD FACIAL RECOGNITION MARKET, BY GEOGRAPHY

8. COMPANY PROFILE


Facial recognition market is expected to reach 9 6 billion globally by 2022

Facial Recognition Market - By Application

By Application

o Homeland Security

o Criminal Investigation

o ID Management

o Physical Security

o Intelligent Signage

o Web Application

o Business Intelligence

o Photo Indexing and Sorting

o Others (VIP Recognition, Automotive and Phone, PC &

Banking Login)


Facial recognition market is expected to reach 9 6 billion globally by 2022

Facial Recognition Market - impacting factors


Facial recognition market is expected to reach 9 6 billion globally by 2022

Facial Recognition Market - By Technology

By Technology

Facial

Analytics

2D Facial

Recognition

3D Facial

Recognition


Facial recognition market is expected to reach 9 6 billion globally by 2022

Facial Recognition Market - By Component

By Component

1. Hardware

• Scanners

• Cameras

• Handheld

Devices

• Integrated

Devices

2.Software


Facial recognition market is expected to reach 9 6 billion globally by 2022

Facial Recognition Market - By Geography

North America, Europe, Asia Pacific, LAMEA


Facial recognition market is expected to reach 9 6 billion globally by 2022

Company Profiles

1.

3M

2.

Cognitec Systems GmbH

3.

NEC Corporation

4.

FaceFirst, Inc.

5.

Nuance Communications Inc.

6.

Crossmatch

7.

International Business Machines Corporation (IBM)

8.

Animetrics

9.

Daon Inc.


Facial recognition market is expected to reach 9 6 billion globally by 2022

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