1. Market Research
  2. > IT Infrastructure
  3. > Security Systems Market Trends

Facial recognition - Global Market Outlook (2015-2022)

  • January 2016
  • 129 pages
  • Stratistics MRC
Report ID: 3659137

Summary

Table of Contents

According to Stratistics MRC, the Global Facial Recognition market is projected to reach $8.74 billion by 2022 growing at a CAGR of 17.83% during the forecast period. Growing Surveillance Market is the key factor fuelling growth of the market. However, interoperability is inhibiting the growth of global facial recognition market. Identifying differences among like faces or appearances poses a key challenge for the market.

Due to growing technological advancements, when compared to the 2D facial recognition technology, 3D facial recognition technology is expected to witness much faster adoption in the near future. The government and law enforcement agencies majorly utilize facial recognition systems for security issues. Additionally, facial recognition systems are being gradually used in BFSI sector to guarantee security and reduce crimes due to the raise in frauds in this sector. Furthermore, to figure out the age, sex, and facial expressions of the customers facial analytics systems are used in the retail industry in order to aim them for marketing suitable products of the respective company.

Some of the key players in Global Facial Recognition market are NEC Corporation, Cross Match Technologies Inc., Animetrics, Inc., Cognitec Systems, Safran Group (Morpho S.A.), Aware Inc., Ayonix, Inc., 3M Cogent Inc., FaceFirst Inc., ZK Software, DAON, Inc., Gemalto, RCG Holdings Ltd., Iris Id Systems Inc. and Avalon Biometrics.

Technologies covered:
- Thermal Technology
- Mobile Facial Recognition
- Forensic technology
- Facial Analytics
- Emotion Technology
- 3D Facial Recognition
- 2D Facial Recognition
- Others

Services covered:
- Consulting services
- Cloud based services
- Others

Industries covered:
- Banking, Financial Services, and Insurance (BFSI)
- Government
- Homeland Security
- Military
- Retail Industry
- Automotive
- Others
- Modeling & Restructuring
- Middleware

Software covered:
- Facial Recognition Software
- Databases
- Analytics Solutions
- Others

Hardware covered:
- Cameras (Motion Sensing)
- Scanners
- Handheld Facial Recognition Device
- Integrated Devices
- Others

Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements



Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Biometric Identification Market for ICE, EV, & Autonomous Vehicles, by Authentication Process, Sensor, Processing Component, Application, Wearable And Region - Forecast to 2022

  • $ 5650
  • Industry report
  • August 2017
  • by MarketsandMarkets

“Increase in demand for vehicle safety, security, and comfort to upsurge the demand for biometric identification systems in the automotive industry” The biometric identification market for automotive ...

Multifactor Authentication Market by Model, Application, and Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“The multifactor authentication market is likely to grow at a CAGR of 15.52% during the forecast period” The multifactor authentication market is expected to reach USD 12.51 billion by 2022, at a CAGR ...

Speech and Voice Recognition Market by Technology, Vertical, Retail, Education, Healthcare & Government and Geography - Global Forecast to 2023

  • $ 5650
  • Industry report
  • August 2017
  • by MarketsandMarkets

“Speech and voice recognition market projected to grow at a CAGR of 19.80% between 2017 and 2023” The speech and voice recognition market is expected to be valued at USD 6.19 billion in 2017 and is ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.