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Face Recognition Systems Market Size, Trends, Industry Analysis, Leading Players & Future Forecast by 2027

Face Recognition Systems Market Size u2013 USD 4.53 billion in 2018, Market Growth - CAGR of 12.0%, Market Trends u2013Technological advancements and security of individuals

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Face Recognition Systems Market Size, Trends, Industry Analysis, Leading Players & Future Forecast by 2027

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  1. Face Recognition Systems Market To Reach USD 11.30 Billion By 2027 www.reportsanddata.com

  2. Market Summary Market Size – USD 4.53 billion in 2018, Market Growth - CAGR of 12.0%, Market Trends –Technological advancements and security of individuals The Face Recognition Systems Market is estimated to reach USD 11.30 Billion by 2026, according to a new report by Reports and Data. The facial recognition system is the recognition of the saved facial database, through which the identification of the individuals is made by analyzing their facial features from an image. • Further key findings from the report suggest • Growing incidences of terrorist attacks and security concerns are expected to boost the market growth. • The application of facial recognition offers a high level of security in the private and public sectors. • Presently, there has been an increase in terrorist attacks in government organizations. Thus the demand for the market is growing on a large scale. • Technically advanced facial recognition systems with its applications in mobile security and drones will implement significant opportunities in the future. • The government sector is making considerable investments in facial recognition technologies to protect its citizens from criminal threats. • The BFSI segment accounts for the largest share of 29.2% of the market in 2018. • Facial recognition software and services finds applications predominantly where the implementation, scrutiny, and monitoring of the facial detection law is needed. www.reportsanddata.com

  3. Market Summary Key Players: NEC Corporation, 3M Cogent, Safran Group, Aurora Computer Services Ltd., nViso, Aware Inc., Ayonix Inc., Precise Biometrics, FaceFirst, Nuance Communications, Keylemon, Cognitec Systems GmbH, Animetrics, Daon Inc., Ayonix, Others Segmentation: • By Technology  Outlook (Revenue, USD Million; 2016-2026) • Analytics solutions • 3D • 2D • Databases • Modeling and restructuring • By Application Outlook (Revenue, USD Million; 2016-2026) • Government & Utilities • BFSI • Military • Home and Security • Others Free Sample Report @ https://www.reportsanddata.com/sample-enquiry-form/1435 www.reportsanddata.com

  4. Market Summary • Component Outlook (Revenue, USD Million; 2016-2026) • Hardware • Software • Services Outlook (Revenue, USD Million; 2016-2026) • Law enforcement • Emotion recognition • Attendance tracking and monitoring • Access control • Others • Regional Outlook (Revenue, USD Million; 2016–2026) • North America • Europe • Asia Pacific • MEA • Latin America Any Query or Discount? Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/1435 www.reportsanddata.com

  5. The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact US John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com www.reportsanddata.com

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