Facial Recognition Market Research Report by Forecast to 2022


Posted January 25, 2019 by son1ane

Facial Recognition Market Information, by Technology (2D Recognition, 3D Recognition, Thermal Recognition) - Forecast 2016-2022
 
Market Synopsis:
The facial recognition system is a technology used for the identification of individuals from digital images or video clips by comparison of selected facial features with the available database. As per the report that has been recently published by Market.

Research Future (MRFR), the global facial recognition market is expected to witness significant expansion at a robust CAGR of over 19.68 % during the forecast period of 2016-2022 and reach USD 8.93 Bn by the end of the forecast period.

The global Facial Recognition Market provides two types of services as consulting services and cloud based services. Rising adoption of cloud technologies has resulted in the fastest growth of cloud based facial recognition services. The facial recognition market is classified on the basis of components as hardware and software components. The hardware component holds a larger share in the facial recognition market whereas the software component of facial recognition is expected to grow at a faster rate. The facial recognition technology is still in a developing phase therefore it has technological limitations. Lack of awareness has resulted as a major restrain for the facial recognition market.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/facial-recognition-market-1250

Major Key Players:
• Safran SA (France)
• NEC Corporation (Japan)
• Cognitec Systems (Germany)
• Aware Inc. (U.S)
• Daon Inc. (U.S.)
• Gemalto (Netherlands)
• FaceFirst Inc. (U.S.)
• Ayonix Corporation (Japan)
• Key Lemon Ltd. (Switzerland)
• Face++(China)

Detailed Regional Analysis:
Geographically, the global facial recognition market is segmented into four major regions such as North America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, North America is leading the global facial recognition market owing to the rapid adoption of facial recognition technology in various government and non-government sectors and increasing use of electronic devices that are equipped with this technology by the consumers in this region.

The facial recognition market is projecting significant growth in the Europe region due to the brisk development in technology and large pool of players in the facial recognition market of this region. Whereas, the Asia-Pacific region is projecting fastest growth in the global facial recognition market due to the increasing investment for development of 3D technology and increasing adoption of facial recognition systems for security purposes in this region. The market for facial recognition is projecting steady growth in the Middle East and Africa region due to the less penetration of advanced technology in the underdeveloped and remote areas of this region.

Browse Full PR Details @ https://www.marketresearchfuture.com/press-release/facial-recognition-market

Target Audience:
• Technology investors
• End-user industries
• Research & consultant organization
• Market players
• Government

Key Findings:
• The global facial recognition market is expected to reach USD 8.93 Billion by 2022.
• By Technology, 3D Facial Recognition accounts for the largest market share and is growing with approximately ~23.4% CAGR during forecast period.
• By End-user, Government industry holds the largest market growing with approximately 22.9% CAGR by the end of forecast period.
• Geographically, North America has been projected to have the largest market share in global Facial Recognition market, while Asia-Pacific has been projected to emerge as the fastest growing region.

Browse More Details @ https://www.marketwatch.com/press-release/facial-recognition-market-2019-company-profiles-industry-segments-global-trends-landscape-and-demand-by-forecast-to-2022-2019-01-14

Browse More Info @ https://www.openpr.com/news/864019/Facial-Recognition-Market-2017-Share-Size-Growth-Competitor-Strategy-and-Trends-by-Forecast-to-2022.html

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Market Research Future
Phone 08411985042
Business Address Market Research Future Office No. 524/528,
Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028
Country India
Categories Business , Computers , Technology
Tags facial recognition market , facial recognition market forecast , facial recognition market size , facial recognition market trends
Last Updated January 25, 2019