Jun 8, 2020   SOURCE: PR NewsWire

Facial Recognition Market Size to Reach USD 9.99 Billion by 2025 | Valuates Reports

BANGALORE, India, June 8, 2020 /PRNewswire/ -- Facial recognition systems are built upon computer programs that analyze images of human faces by comparing patterns based on the person's facial details. Unlike many other biometric systems, facial recognition in combination with public video cameras can be used for general surveillance, and it can be used in a passive manner that does not require the subject's knowledge, consent, or participation.

https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

Global Facial Recognition Market size was USD 3.54 Billion in 2019, and it is expected to reach USD 9.99 Billion by 2025, at a CAGR of 18.84%.

Increasing terrorism and crime rates have resulted in wider technology adoption in the security and surveillance sector, resulting in high market growth rates. By incorporating the facial recognition technology into the video surveillance network, the security agents can track offenders walking on streets with the aid of powerful tracking instruments. The technology also helps to easily detect and prevent crime, and thus drives its adoption.

This report covers a chapter on COVID-19 impacts in the Facial Recognition Market.

Get Free Sample: https://reports.valuates.com/request/sample/360I-Auto-6F17/Global_Face_Recognition

TRENDS INFLUENCING THE FACIAL RECOGNITION MARKET SIZE

    --  Increasing the technology's adoption across different applications is
        driving the growth of Facial Recognition Market size. Border
        authorities, especially at airports, use the technology in security to
        verify the traveler's identity. The law enforcement agencies also use
        facial-recognition software to search faces caught in the CCTV to
        identify the person they are investigating.
    --  Another application is in smartphones, where the technology has gained
        prominent adoption. The software finds applications in smartphones in
        unlocking the phone, signing into mobile apps, and verifying payments.
        The growing penetration of smartphones is, in turn, expected to fuel the
        growth of Facial Recognition Market size. Technically advanced facial
        recognition systems with application drones are likely to create greater
        opportunities in the future.
    --  Increasing awareness of the features of facial recognition technologies
        among enterprises is a major factor expected to drive the growth of
        global facial recognition market size.
    --  Additionally, the increasing need for a more secure biometric system and
        the increasing demand for a facial recognition system are other major
        factors expected to boost the facial recognition market growth during
        the forecast period.
    --  Growing sensitivity toward shared personal data, lack of accuracy, and
        high cost of implementation impede market expansion in some regions.

View Full Report: https://reports.valuates.com/market-reports/360I-Auto-6F17/face-recognition

FACIAL RECOGNITION MARKET SHARE ANALYSIS

    --  The 3D facial recognition segment is expected to hold the highest market
        share among the software tools during the forecast period. 3D facial
        recognition makes use of facial contours to define and evaluate various
        aspects of the human face, all identical and unchanging over time. In
        addition, it has advantages over 2D facial recognition, such as ease in
        detecting facial data from videos and 2D images and being least affected
        by lighting problems.
    --  In terms of region, Asia Pacific is expected to grow at the highest CAGR
        during the forecast period. Asia Pacific (APAC) includes large
        developing economies like China, Japan, India, Singapore, South Korea,
        and others. Investments in security and surveillance are growing in the
        region due to high criminal activity. Furthermore, Massive
        industrialization and the region's growing consumer electronics industry
        highlight the exciting market opportunities for players and the
        potential for significant growth. All these factors are expected to fuel
        the region's Facial Recognition Market Share.

FACE RECOGNITION MARKET, BY GEOGRAPHY

    --  Americas
        --  Canada
        --  Mexico
        --  United States
    --  Asia-Pacific
        --  China
        --  India
        --  Japan
    --  Europe, Middle East & Africa
        --  France
        --  Germany
        --  United Kingdom

Inquire for Regional Report: https://reports.valuates.com/request/regional/360I-Auto-6F17/Global_Face_Recognition

FACIAL RECOGNITION MARKET SEGMENTS

FACE RECOGNITION MARKET, BY SERVICES

    --  Cloud-based Facial Recognition Services
    --  Training and Consulting Services

FACE RECOGNITION MARKET, BY TECHNOLOGY

    --  2D Facial Recognition
    --  3D Facial Recognition
    --  Facial Analytics Recognition

FACE RECOGNITION MARKET, BY VERTICAL

    --  Automotive
    --  BFSI
    --  Education
    --  Energy and Utilities
    --  Government and Defense
    --  Healthcare
    --  Manufacturing
    --  Retail and e-Commerce
    --  Telecom

FACE RECOGNITION MARKET, BY APPLICATION

    --  Access Control
    --  Attendance Tracking and Monitoring
    --  Emotion Recognition
    --  Law Enforcement
    --  Robotics
    --  e-Learning

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-6F17&lic=single-user

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-6F17&lic=enterprise-License

VIEW SIMILAR REPORTS

    --  Facial Recognition Device Market Report

The Face Recognition Device market was valued at USD 1077.8 Million in 2019 and is projected to reach USD 3372.4 Million by 2026, at a CAGR of 17.5% during the forecast period.

China is the largest Facial Recognition Device consumer, accounting for 29.29% in 2017, and will reach 44.59% in 2023, with a CAGR of 29.53% during 2018-2023. This dominance of China in the Face Recognition Device Market is due to the introduction of "A Next-Generation Artificial Intelligence Development Plan."

The Facial Recognition Device Market is dominated by large corporations. The top three manufacturers had a 20.37% Face Recognition Device revenue market share in 2017. The Chinese giant Cloudwalk has 12.88% of the market share in 2017, is the leader in the Facial Recognition Device market. The manufacturers following Cloudwalk are Aurora, which has a Facial Recognition Device market share of 4.18% and Insigma Group, which accounts for 3.31% market share globally.

View Full report: https://reports.valuates.com/market-reports/QYRE-Auto-38E16/global-face-recognition-device

    --  Facial Recognition Systems Market Report

In 2019, the global Face Recognition Systems market size was USD 685.8 Million and it is expected to reach USD 1648.8 Million by the end of 2026, with a CAGR of 13.2% during 2021-2026.

A facial recognition system is a computer application that can identify or verify a person from a digital image or a video frame from a source. One way to do this is to compare selected facial features from the image with a facial database.

In 2016, the 2D facial recognition technology segment contributed a significant share of revenue (about 59.67 percent) on the global market. This is because 2D facial recognition technology is implemented and accepted in surveillance, largely due to its low cost and simple deployment using existing cameras. Compared to 2D technology, the market for 3D facial recognition technology, which offers better and precise results, is expected to record steady growth.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-L341/global-face-recognition-systems

    --  COVID-19 Impact on Facial Recognition Biometrics in Consumer Electronics
        Market Report:

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1Q306/covid-19-impact-on-facial-recognition-biometrics-in-consumer-electronics

    --  Facial Recognition Door Access Solutions Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1T307/facial-recognition-door-access

    --  3D Facial Recognition Systems Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0I249/3d-facial-recognition-systems

    --  Facial Recognition Platform Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-29C1922/global-facial-recognition-platform

    --  Facial Recognition Phone Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-9A2471/global-facial-recognition-phone

    --  Facial Recognition Biometrics Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0S250/facial-recognition-biometrics

    --  Application of Facial Recognition Technology in the Financial Services
        Industry

View Full Report: https://reports.valuates.com/market-reports/MICR-Comm-48/the-application-of-facial-recognition

    --  Facial Recognition Software Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1U308/facial-recognition-software

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335
Website: https://reports.valuates.com

Twitter - https://twitter.com/valuatesreports

Linkedin - https://in.linkedin.com/company/valuatesreports

Facebook - https://www.facebook.com/valuatesreports

View original content:http://www.prnewswire.com/news-releases/facial-recognition-market-size-to-reach-usd-9-99-billion-by-2025--valuates-reports-301071952.html

SOURCE Valuates Reports