+1-888-308-5802     
News Contact Us

Global Facial Recognition Market Import Export Scenario, Application, Growing Trends and Forecast 2020-2026

Author : Ronak Bora | Published Date : 2020-11-04 

Growing spending on security and surveillance systems across the globe will drive facial recognition market outlook. Facial recognition technology is showcasing immense potential for organisations that handle sensitive data and require strict security controls on who enters their facilities. Facial biometrics is widely integrated with physical devices and instead of using passwords, consumer electronics and mobile phones can now be accessed via facial features of the owner.

All the major mobile phone companies including Samsung, Apple, Xiomi Corp and others offer FaceTech in their phones. Growing security concerns in public places and rise in criminal activities has fuelled the demand for advanced verification and identification technologies to ensure public safety. Face identification systems are witnessing major adoption in stadiums, corporate offices, streets and public places to track unwanted intrusions at the entry point itself.

Moreover, rapid integration of cameras with facial recognition features along with rapid deployment of these cameras on streets to aid law enforcement agencies identify blacklisted individuals and criminals may boost industry growth over the coming years. Estimates suggests that global facial recognition market will exceed USD 12 billion in terms of annual valuation by 2026.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/2593

In terms of the application, the increasing adoption of intelligent signage by retailers to get better consumer insights and optimize profits should increase its use over the coming years. Interactive digital signage having facial recognition capabilities helps in identifying customer demographics to order to display relevant, interactive, and personalized advertisements.

Additionally, it can also offer customized promotional offers to bring in more potential customers. Digital signage with facial recognition measures effectiveness in real-time and then provides targeted advertisements.

List of the Key Companies that are Operating in the Facial Recognition Market. They are as follows:

Accenture PLC, Animetrics Inc., AnyVision, Aware, Inc., Ayonix Corporation, Certibio, Cognitec Systems GmbH, Daon Inc., Face++, Facefirst Inc., Fujitsu Limited, Fulcrum Biometrics, Inc., Herta Security, HYPR Corp., IDEMIA, Key Lemon Ltd., Leidos, M2SYS, NEC Corporation, Nuance Communications, NtechLab, Panasonic Corporation, SmilePass, Stereovision Imaging, Inc., Thales Group

Geographically, increasing the adoption of technology in various sectors would boost the North America facial recognition market outlook over the projected time period. Both private and public sectors in the region, including defence, homeland security, BFSI, healthcare, and are increasingly moving to digital systems, which is creating immense demand for facial verification and verification systems. Taking October 2019 for instance, SnapPay, a renowned payment solution provider launched a new facial recognition-based payment technology for North American merchants, providing convenient payment solutions for customers in retail outlets.

Speaking of market players, companies are increasingly leveraging their capabilities to effectively tackle the COVID-19 pandemic and the changes in everyday practices it has forced the world to make. Taking July 2020 for instance, AI developer pdActive teamed up with the U.S. Department of Defense to release ActiveMatch, a technology that upgrades cameras with biometric face recognition technology. This technology can be used for providing biometric identification capabilities that can identify a person even if that person is wearing a face mask. This capability can be used in harsh environments where removing the mask for verification might put the person at risk of contracting the disease.

Request for Customization of this report @ https://www.decresearch.com/roc/2593  

Table Of Content:

Chapter 5.   Facial Recognition Market, By Component

5.1.  Key trends, by component

5.2.  Software

5.2.1.  Market estimates and forecast, 2016 - 2026

5.2.2.  2D facial recognition market

5.2.2.1.   Market estimates and forecast, 2016 - 2026

5.2.3.  3D facial recognition

5.2.3.1.   Market estimates and forecast, 2016 - 2026

5.2.4.  Facial analytics

5.2.4.1.   Market estimates and forecast, 2016 – 2026

5.3.  Services

5.3.1.  Market estimates and forecast, 2016 – 2026

Chapter 6.   Facial Recognition Market, By Application

6.1.  Key trends, by application

6.2.  Criminal investigation

6.2.1.  Market estimates and forecast, 2016 - 2026

6.3.  Homeland security

6.3.1.  Market estimates and forecast, 2016 – 2026

6.4.  ID management, attendance tracking & monitoring

6.4.1.  Market estimates and forecast, 2016 – 2026

6.5.  Intelligent signage

6.5.1.  Market estimates and forecast, 2016 – 2026

6.6.  Photo indexing & sorting

6.6.1.  Market estimates and forecast, 2016 – 2026

6.7.  Physical security

6.7.1.  Market estimates and forecast, 2016 – 2026

6.8.  Others

6.8.1.  Market estimates and forecast, 2016 – 2026

Chapter 7.   Facial Recognition Market, By End-Use

7.1.  Key trends, by end-use

7.2.  Aerospace & defense

7.2.1.  Market estimates and forecast, 2016 - 2026

7.3.  Automotive

7.3.1.  Market estimates and forecast, 2016 - 2026

7.4.  BFSI

7.4.1.  Market estimates and forecast, 2016 - 2026

7.5.  Education

7.5.1.  Market estimates and forecast, 2016 - 2026

7.6.  Healthcare

7.6.1.  Market estimates and forecast, 2016 - 2026

7.7.  Retail & e-commerce

7.7.1.  Market estimates and forecast, 2016 - 2026

7.8.  Government

7.8.1.  Market estimates and forecast, 2016 – 2026

7.9.  Others

7.9.1.  Market estimates and forecast, 2016 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/facial-recognition-market

About Us: - DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

Contact Us: -
DecResearch.com
Website: - https://www.decresearch.com/
Email: [email protected]

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

North America Aerospace Avionics Market to gain traction by 2025

Published Date: 2020-11-27         Author: Ronak Bora

The study on North America Aerospace Avionics Market provides a complete view on the industry with intricate details subject to its overall stance in the global landscape along with specifying various applications across major end-user sectors. North America aerospace avionics industry, as per the g... Read More

North America Aerospace Avionics Market to gain traction by 2025

Published Date: 2020-11-27         Author: Ronak Bora

... Read More

North America Biogas Market to amass significant gains by 2025

Published Date: 2020-11-27         Author: Ronak Bora

The market analysis on North America Biogas Market provides a holistic view on the overall industry along with laying significant focus on crucial details pertaining to its foothold in the global economy and its applications across multiple end-user industries and sectors. According to the given rep... Read More

© 2020 Fractovia. All Rights Reserved