Facial Recognition Market 2018 Scope | Growth USD 8.96 Billion By 2023
New Market Research Reports Title "Facial Recognition Market 2018" Has Been Added to Crystal Market Research Report database.
“Global Facial Recognition Market Report 2018” presents an in-depth assessment of the Facial Recognition including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Facial Recognition investments from 2018 till 2023. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc.
The global Facial Recognition Market was worth USD 2.78 billion in 2014 and is expected to reach approximately USD 8.96 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 13.87% during the forecast period.
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Industry Outlook and Trend Analysis
The development of the worldwide facial recognition market is foreseen to be driven by different components, for example, the expanding requirement for upgraded surveillance and observing at public spots and the expanding usage of facial recognition technologies in enterprises, for example, the government. The expanding reliance of end-users on sites and web applications is offering ascend to an expanding number of data and identity theft cases. Additionally, the expanding unpredictability of these attacks is driving end-users to adopt secure confirmation arrangements. This expands the usage of biometric security solutions as they are a standout amongst the most secure validation arrangements due to their capacity to consolidate the physical and behavioural highlights of the end-users that are hard to forge.
Competitive Insights
The leading players in the market are Ayonix Corp, Cognitec Systems, Animetrics, Safran Identity and Security, KeyLemon, Techno Brain, Gemalto, Aware, NEC and Herta Security. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Component Outlook and Trend Analysis
Because of the developing awareness among various industries about the highlights of facial recognition advancements and the rising requirement for a more secured biometric system, the interest for facial acknowledgment framework is said to increment comprehensively. Facial recognition services play an essential part in face recognition and detection, and include consulting and training administrations and cloud-based facial recognition services. Facial recognition services are offered for governments, military, retail, homeland security, and healthcare.
Technology Outlook and Trend Analysis
The 3D facial recognition technology is autonomous of illumination, which empowers it to capture high-quality pictures in uncontrolled conditions, for example, dim as well as totally dark zones. The 3D facial model beats the disadvantages of the 2D facial acknowledgment innovation. The 3D facial acknowledgment advancements have a high potential to verify, analyse, and identify the facial attributes of people.
End User Outlook and Trend Analysis
Based on end-user vertical, the facial recognition market is divided into government, enterprises, and opposite end-users. The other end-users portion incorporates automotive, casinos, mobile application, public places, and Homeland Security, out of which, the administration end-use vertical is foreseen to develop at the most astounding CAGR amid the conjecture time frame.
Regional Outlook and Trend Analysis
North America is anticipated to have the biggest market measure in the facial recognition market amid the gauge time frame. The North American region has indicated expanded interests in the market, and a few sellers have advanced to take into account the quickly developing business sector. An impressive development is normal in the locale amid the conjecture time frame.
Table of Contents
1.Introduction
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
5.Facial Recognition Market, By Component
6.Facial Recognition Market, By Technology
7.Facial Recognition Market, By End User
8.Facial Recognition Market, By Region
9.Company Profiles
10.Global Facial Recognition Market Competition, by Manufacturer
11.Facial Recognition Market Forecast (2018-2023)
….
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Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
The Facial Recognition Market is segmented as follows-
By Component:
Services
Training and consulting services
Cloud-based facial recognition services
Software tools
Thermal face recognition
2D facial recognition
By Technology:
Solution type
Databases
Facial recognition software and Software Development Kit (SDK)
Modeling and restructuring
Analytics solutions
By End User:
Enterprises
Government
Other end-users (casinos, public places, automotive, mobile application, and home security systems)
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
FEATURES OF THE REPORT:
The analysis of Facial Recognition market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.
The key players in the market and their share in the global market are discussed.
The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.
The Facial Recognition market report provides some important points related to growth factors, challenges, opportunities, end-user analysis, achievement and so on.
The latest trends that are being followed in the market are included along with an example.
How technological advancement and research, as well as development activities, are impacting the market is explained in detail.
The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Facial Recognition market based on product and application. It also provides market size and forecast till 2023 for overall Facial Recognition market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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Also, key Facial Recognition market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Continued…
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