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Facial Recognition Market

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2 years ago

Facial Recognition Market By Type (2D, 3D Facial Recognition, Facial Analytics), End User (Government & Defense, Banks, Financial Services and Insurance (BFSI), Retail Industry & Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Facial recognition refers to a biometric security system that is based upon identifying a person from a digital image or video frame. Unlike the conventional security systems such as fingerprints and iris recognition, facial recognition system works on the facial features of human beings. The facial recognition technology conducts identification based on various facial features such as cheek bo...

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a year ago

Global Facial Recognition Market Outlook 2021: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

The Global Facial Recognition Market is anticipated to rise at a value CAGR of 15.5% over 2019–2028. According to a study published by Insure Insights on the Global Facial Recognition Market. Facial recognition is the technology of recognizing a human face; it uses biometrics to map facial features from a photograph or video source. It compares the information with a database of known faces and...

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2 years ago

Facial Recognition Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software, Hardware, and Services), Application (Security & Surveillance, Access Control, and Others), and Vertical (BFSI, Retail & Ecommerce, Government, Healthcare, Education, Automotive & Transportation, and Others)

"The Facial Recognition market is projected to reach US$ 12,670.22 million by 2028 from US$ 5,012.71 million in 2021; it is expected to grow at a CAGR of 14.2% from 2021 to 2028.

 

The use of facial recognition in law enforcement and non-law enforcement applications is predicted to increase rapidly during the forecast period. Furthermore, facial recognition is often preferred o...

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2 years ago

Global 3D Facial Recognition Market Size study, by Type (Hardware, Software Tools, Services) End-Use (Banking & Finance, Consumer Electronics, Government & Defense, Others) and Regional Forecasts 2019-2026

Global 3D Facial Recognition Market is valued approximately at USD XXX billion in 2018 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2019-2026. The 3D facial recognition system is used to authenticate an individual by using 3D geometry of his/her face. 3D facial recognition utilizes facial contours to recognize and scrutinize various features i...

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Facial Recognition Market

The facial recognition market is expected to grow immensely in the coming decade. Technological advancements and increasing global demand for facial recognition for security purposes are the main drivers of this market's growth. 

 

There are incredible growth opportunities for key players in drone and mobile security applications, the surveillance industry, and the government and defence sectors.

 

North America is the dominant region in the facial recognition market. However, trends show that Asia-Pacific will offer the fastest growth opportunities during this decade. The main restraints to the growth of the facial recognition market are the high cost of implementing this technology and the lack of complete accuracy in facial recognition.

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