Global Facial Recognition Market 2019 by Technology, App, Application, Services, Uses, Demand Analysis, Cost, Trends and Investment Opportunities to 2025

This market research report includes a detailed segmentation of the global facial recognition market 2019, to magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage during the forecast period of 2019–2025.

Dallas , United States - August 23, 2019 /MarketersMedia/ —

Facial Recognition Market is approximately USD 5 billion market that is expected to double by 2025
Facial recognition market is experiencing a sudden boom due to proliferation of facial recognition software and sensors in top end smartphones of all major companies. The market is driven mostly by companies and government organizations that are trying to digitize certain mundane everyday activities such as attendance to save time and eliminate human interference. The facial recognition market is estimated to be ~USD 4.3 billion in 2018 and growing at a CAGR of ~13.5% during the forecast period of 2019–2025.

Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/3419127

Facial recognition solution includes sensors, integrated devices, and cameras as hardware that reads faces and recognizes certain focal points analyses of the face through 2D or 3D facial recognition software. This tool can be used for various purposes such as access management or attendance management or verification processes. This tool is very handy and saves time over other verification or attendance management solutions such as finger print technology, iris scan or manual ledger technology using signatures as facial recognition technology saves time and is also automated to read the facial features while entering a premises/location and need not allocate a particular amount of time for verification processes.
This report includes revenue generated from software, hardware, and services also as all the three entities are vital for the organizations to implement this system. Facial recognition in many cases is also being used as a secondary verification process apart from finger print and manual method as the system is still in early stages. The system is expected to be fool proof within the forecast period and can also be main method for verification or access management surpassing other verification processes. Currently, the facial recognition is a minor part of the verification process market and that is estimated to lead and hold a major share of this market.

The facial recognition services such as cloud based facial recognition services and training, implementation, and consulting also contribute to the market size as these services are increasingly being used mostly in developing regions. In these regions the training module is a necessity and also the consultation services as each company requires to modify the system as per the needs. The tailor-made solutions for SMBs is a vital part of the revenue generation stream for the facial recognition services market.

Among the various industries in which facial recognition is being implemented, BFSI is widely accounting to the largest share of the facial recognition market as mobile banking is widely being adopted globally and the facial recognition software is being opted as the suitable option for banking verification due to its ease of use along with time saving capabilities. The eradication of physical IDs for verification is another reason that is helping the facial recognition market.

Make an enquiry of this report @ https://www.orbisresearch.com/contacts/enquiry-before-buying/3419127

Government institutions globally are increasingly adopting this system for security purposes. For instances such as public gatherings, government institutions such as police ensure that no individuals with a crime track record be present in the event. In such cases, facial recognition will be used as time to recognize face and permit a person is negligible and in this way large crowds can be handled and scrutinized. Police verifications will also be drastically changed as facial recognition will verify segregate wanted people from large crowds.

Retail has been implementing this software widely as it is looking to personalize and increase customer engagement. Retail companies are making use of this system to recognize repeat customers and analyze their buying patterns and configure ads personalized to the buyer to increase sales. The industry is gaining traction mainly in the developed regions and still must attain foot hold in the developing countries. The developing countries are slow in adopting these systems, specially the retail sector due to the reluctance of companies to try new technologies unless proved in the developed countries.

Based on geography, North America is expected to have the highest market share in the facial recognition market due to technological advancements and also housing most of the top fortune 500 companies and tech giants headquartered in the region. US contributes the major share of the North American regional market share.

APAC region is expected to be the fastest growing market among the regions due to the market potential and the initiatives taken by the governments in the region to digitize services and provide citizen centric services.

Companies Mentioned:
• Gemalto
• Cognitec Systems
• Aware
• IDEMIA
• Ayonix, etc.

In this report, the companies mentioned above are profiled extensively with many strategic initiatives listed and analyzed

Major Point from Table of Content:
1 Executive Summary
2 Industry Outlook
3 Market Snapshot
4 Market Characteristics
5 Market By Component – Market Size and Analysis
6 Market By Industry – Market Size and Analysis
7 Market By Geography
8 Competitive Landscape
9 Vendor Profiles
9.1 NEC
9.2 Herta Security
9.3 NViso
9.4 3M
9.5 Kairos
10 Companies to Watch for
11 Annexure

Browse the complete report @ https://www.orbisresearch.com/reports/index/global-facial-recognition-market-forecast-up-to-2025

About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Info:
Name: Hector Costello
Email: Send Email
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600, Dallas, Texas - 75204, U.S.A.
Phone: +1 (214) 884-6817; +912064101019
Website: https://www.orbisresearch.com/reports/index/global-facial-recognition-market-forecast-up-to-2025

Source URL: https://marketersmedia.com/global-facial-recognition-market-2019-by-technology-app-application-services-uses-demand-analysis-cost-trends-and-investment-opportunities-to-2025/88911736

Source: MarketersMedia

Release ID: 88911736

Latest News

Springboks' 1st black captain gets his chance at history

Jan 28, 2020

TOKYO — It was the week after Siya Kolisi's fourth birthday when Nelson Mandela presented Springboks captain Francois Pienaar with the Webb Ellis Cup in a defining moment for rugby, and for South Africa. Kolisi was 16 when the Springboks won their second Rugby World Cup title. There was no television at his home, he recalls, so he had to go to a tavern to watch John Smit lift the trophy after beating England in the 2007 final in Paris. Twelve years on, the first black player appointed as Springboks captain gets a chance to etch his name in history...

England's response to All Blacks haka results in fine

Jan 28, 2020

TOKYO — England has been fined for crossing the halfway line in its response to New Zealand's pre-match haka at the Rugby World Cup semifinals. World Rugby says England breached "tournament rules relating to cultural challenges, which states that no players from the team receiving the challenge may advance beyond the halfway line." England's players stood in a V-formation as the All Blacks performed the haka, with a half-dozen players beyond the halfway line. World Rugby says the sanction is in line with protocol that operates across the international game. The fine is reported to be 2,500 pounds ($3,200) ___...

The Latest: Scott Barrett into backrow in NZ's only change

Jan 28, 2020

TOKYO — The Latest on Thursday at the Rugby World Cup in Japan (all times local): 11:30 a.m. Scott Barrett will start in the backrow in the only change to New Zealand's starting XV for the Rugby World Cup semifinal against England. The versatile Barrett replaces Sam Cane on the blindside flank as the All Blacks bid to bolster the lineout. Barrett replaced Cane in a tactical change at halftime in New Zealand's 46-14 win over Ireland in the quarterfinals last weekend. He will join brother, fullback Beauden Barrett, in the starting XV. Another brother, Jordie Barrett, is on the...

Sharp-talker Jones says spy filmed England, lobs barbs at NZ

Jan 28, 2020

TOKYO — It's Rugby World Cup semifinals week and Eddie Jones, one of the sport's sharpest talkers, is in full wind-up mode. The team bearing the brunt of the England coach's barbs? England's opponent on Saturday, the world champion All Blacks. The All Blacks' mental skills coach will be "the busiest bloke in Tokyo," Jones said Tuesday. He described New Zealand's journalists as "fans with laptops." He spoke of "omens" in the week of Japan's enthronement of a new emperor. He even made accusations of spying. "There was definitely someone in the apartment block, filming," Jones claimed after England's morning...

Lomu's legacy looms over NZ-England World Cup semifinal

Jan 28, 2020

TOKYO — One trampling run launched Jonah Lomu to global stardom, ensuring his name will be indelibly linked to a Rugby World Cup semifinal between New Zealand and England. The All Blacks winger's rampaging runs during that era-defining World Cup in South Africa in 1995 were highlighted by his four-try haul against England in the semifinals. Before the teams meet in another semifinal this Saturday in Yokohama, there'll be no avoiding remembrances of Lomu's legacy. He died in 2015 at the age of 40 after complications from a kidney disease. One of those tries against England, when he gathered a...

About Us

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.

Contact us: sales[at]frontalreport.com

Subscribe Now!