Facial Recognition Market

Facial Recognition Market by Component (Software Tools (2D Recognition, 3D Recognition, and Facial Analytics) and Services), Application Area (Emotion Recognition, Access Control, and Law Enforcement), Vertical, and Region - Global Forecast to 2024

Report Code: TC 3421 Jun, 2019, by marketsandmarkets.com
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[226 Pages Report] The global facial recognition market size is projected to grow from USD 3.2 billion in 2019 to USD 7.0 billion by 2024, at a CAGR of 16.6% from 2019 to 2024. The major factors driving the market include increased technological advancements across verticals.

Facial Recognition Market

Helped a facial recognition provider to target opportunities worth more than USD 3 million in the North America and Europe regions

Client’s Problem Statement

One of the players in the facial recognition market wanted information about major developments that could change the business landscape. The company wanted to know the extent of adoption of 3D facial recognition in the North America and Europe regions. The client also wanted to increase market share in these geographies.

MnM Approach

MnM was engaged to conduct a study with the below-mentioned multiple objectives, which were achieved to the satisfaction of the client.
• A detailed benchmarking of the key vendors of the facial recognition market for North America and Europe was provided to the client to analyze the operating segments and identify the segments as yet untapped by the competition
• A comprehensive list of current and upcoming 3D facial recognition projects across different industry verticals in the targeted geographies was provided to the client
• Market sizing and forecast across various industry verticals such as government, defense, BFSI, automotive, healthcare, and retail was provided

Revenue Impact (RI)

Our analysis helped the client target opportunities worth more than USD 3 million in the said geographies.

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Among software tools, the 3D facial recognition segment to hold the highest market share during the forecast period

3D facial recognition makes use of facial contours to identify and analyze various features in a human face, which are all unique and do not change over time. Moreover, it has advantages over 2D facial recognition, such as ease in the detection of facial data from videos and 2D images and least affected with illumination issues. With the developments in 3D facial recognition software and services, the implementation of facial recognition is increasing, especially in healthcare IT solutions, payments, and commerce sectors. Hence, the 3D facial recognition segment is expected to gain a higher adoption rate across the globe.

Based on verticals, the government and defense vertical to hold the highest market share during the forecast period

The government and defense vertical has started to invest more in facial recognition technology for various applications across the globe. The 3D facial recognition technology is used mostly in identifying and verifying suspected criminals, providing smarter and safer highway patrolling, accelerating forensic video investigations, border control for preventing terrorist activities, cross-border monitoring, document verification, and identity management. Various countries, such as the US, Canada, UK, and China, have started implementing this technology for various applications; other developing countries, including India, are planning to implement facial recognition technology for the government and defense vertical.

Facial Recognition Market

Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific (APAC) includes big developing economies, such as China, Japan, India, Singapore, and South Korea. Owing to high criminal activities, investments in security and surveillance are growing in the region. Countries, such as China, Japan, and Singapore, have already started implementing facial recognition across verticals, including Banking, Financial Services and Insurance (BFSI), healthcare, government, defense. These countries are planning to increase their reach across places, including airports, country and state borders, and other developing countries have also started testing the facial recognition technology. Hence, APAC is expected to grow at a higher CAGR during the forecast period in the facial recognition market.

Facial Recognition Market Players:

Key market players profiled in this report include NEC (Japan), Aware (US), Gemalto (Netherlands), Ayonix (Japan), Idemia (France), Cognitec (Germany), Nviso SA (Switzerland), Daon (US), Stereovision Imaging (US), Technobrain (Kenya), Neurotechnologies (Lithuania), Innovatrics (Slovakia), ID3 Technologies (France), Herta Security (Spain), Animetrics (US), Megvii [Face++] (China), Facefirst (US), Sightcorp (Netherlands), Facephi (Spain), and Smilepass (UK). These players offer facial recognition solutions to cater to the demands and needs of the customer. The major growth strategies adopted by these players include partnerships, collaborations and agreements, and new product launches/product enhancements.

Scope of the facial recognition market Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Component, Application Area, Vertical, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

20 major vendors, namely, NEC (Japan), Aware (US), Gemalto (Netherlands), Ayonix (Japan), Idemia (France), Cognitec (Germany), nVviso SA (Switzerland), Daon (US), Stereovision Imaging (US), Techno Brain (Kenya), Neurotechnology (Lithuania), Innovatrics (Slovakia), id3 Technologies (France), Herta Security (Spain), Animetrics (US), Megvii {Face++} (China), FaceFirst (US), Sightcorp (Netherlands), FacePhi (Spain), and SmilePass (UK).

This research report categorizes the facial recognition market to forecast revenues and analyze trends in each of the following subsegments:

Based on components:

  • Software Tools
    • 2D Facial Recognition
    • 3D Facial Recognition
    • Facial Analytics
  • Services
    • Training and Consulting
    • Cloud-based Facial Recognition

Based on applications:

  • Emotion Recognition
  • Attendance Tracking and Monitoring
  • Access Control
  • Law Enforcement
  • Others (Robotics and eLearning)

Based on verticals:

  • BFSI
  • Government and Defense
  • Retail and eCommerce
  • Healthcare
  • Education
  • Automotive
  • Others (Manufacturing, Telecom, and Energy and Utilities)

Based on Regions:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Australia and New Zealand
    • Rest of APAC
  • MEA
    • UAE
    • Kingdom of Saudi Arabia
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Colombia
    • Rest of Latin America

Key questions addressed by the report

  • What are the opportunities in the facial recognition market?
  • What is the competitive landscape in the facial recognition industry?
  • What are the data regulations that will impact the market?
  • How has facial recognition evolved from traditional security solutions?
  • What are the dynamics of the facial recognition market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 23)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 26)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Competitive Leadership Mapping Research Methodology
           2.5.1 Vendor Inclusion Criteria
    2.6 Assumptions for the Study

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in the Facial Recognition Market
    4.2 Market By Component, 2019–2024
    4.3 Market By Vertical, 2019–2024
    4.4 Market By Application Area, 2019–2024
    4.5 Market By Country/Sub-Region, 2019–2024

5 Market Overview and Industry Trends (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Surveillance Industry
                    5.2.1.2 Growing Demand From Government and Defense Sector
                    5.2.1.3 Increased Technological Advancements Across Industry Verticals
           5.2.2 Restraints
                    5.2.2.1 Interoperability Concerns
                    5.2.2.2 Difficulty in Countering Legal Risks and Ediscovery
           5.2.3 Opportunities
                    5.2.3.1 Adoption of the Cloud-Based Facial Recognition Technology
                    5.2.3.2 Emerging Application of the Facial Recognition Technology
           5.2.4 Challenges
                    5.2.4.1 Facial Occlusion
                    5.2.4.2 Lack of Knowledge and Awareness and Technical Challenges
                    5.2.4.3 Threat of Privacy and Data Breaches
    5.3 Use Cases
           5.3.1 Use Case: Scenario 1
           5.3.2 Use Case: Scenario 2
           5.3.3 Use Case: Scenario 3

6 Facial Recognition Market By Component (Page No. - 46)
    6.1 Introduction
    6.2 Software Tools
           6.2.1 Global Market Forecast and Dynamics
           6.2.2 Market Estimate and Forecast By Country/Sub-Region
           6.2.3 2D Facial Recognition
                    6.2.3.1 Global Market Forecast and Dynamics
           6.2.4 3D Facial Recognition
                    6.2.4.1 Global Market Forecast and Dynamics
           6.2.5 Facial Analytics
                    6.2.5.1 Global Market Forecast and Dynamics
    6.3 Services
           6.3.1 Global Market Forecast and Dynamics
           6.3.2 Market Estimate and Forecast By Country/Sub-Region
           6.3.3 Training and Consulting
                    6.3.3.1 Global Market Forecast and Dynamics
           6.3.4 Cloud-Based Facial Recognition
                    6.3.4.1 Global Market Forecast and Dynamics

7 Facial Recognition Market By Application Area (Page No. - 59)
    7.1 Introduction
    7.2 Emotion Recognition
           7.2.1 Global Market Forecast and Dynamics
           7.2.2 Market Estimate and Forecast By Country/Sub-Region
    7.3 Attendance Tracking and Monitoring
           7.3.1 Global Market Forecast and Dynamics
           7.3.2 Market Estimate and Forecast By Country/Sub-Region
    7.4 Access Control
           7.4.1 Global Market Forcast and Dynamics
           7.4.2 Market Estimate and Forecast By Country/Sub-Region
    7.5 Law Enforcement
           7.5.1 Global Market Forecast and Dynamics
           7.5.2 Market Estimate and Forecast By Country/Sub-Region
    7.6 Other Application Areas
           7.6.1 Global Market Forecast
           7.6.2 Market Estimate and Forecast By Country/Sub-Region

8 Facial Recognition Market By Vertical (Page No. - 77)
    8.1 Introduction
    8.2 Banking, Financial Services and Insurance
           8.2.1 Global Market Forecast and Dynamics
           8.2.2 Market Estimate and Forecast By Country/Sub-Region
    8.3 Government and Defense
           8.3.1 Global Market Forecast and Dynamics
           8.3.2 Market Estimate and Forecast By Country/Sub-Region
    8.4 Retail and eCommerce
           8.4.1 Global Market Forecast and Dynamics
           8.4.2 Market Estimate and Forecast By Country/Sub-Region
    8.5 Healthcare
           8.5.1 Global Market Forecast and Dynamics
           8.5.2 Market Estimate and Forecast By Country/Sub-Region
    8.6 Education
           8.6.1 Global Market Forecast and Dynamics
           8.6.2 Market Estimate and Forecast By Country/Sub-Region
    8.7 Automotive
           8.7.1 Global Market Forecast and Dynamics
           8.7.2 Market Estimate and Forecast By Country/Sub-Region
    8.8 Other Verticals
           8.8.1 Global Market Forecast
           8.8.2 Market Estimate and Forecast By Country/Sub-Region

9 Facial Recognition Market By Region (Page No. - 103)
    9.1 Introduction
    9.2 North America
           9.2.1 Market Estimate and Forecast By Component
                    9.2.1.1 Market Estimate and Forecast By Software Tool
                    9.2.1.2 Market Estimate and Forecast By Service
           9.2.2 Market Estimate and Forecast By Application Area
           9.2.3 Market Estimate and Forecast By Vertical
           9.2.4 Market Estimate and Forecast By Country
                    9.2.4.1 United States
                    9.2.4.2 Canada
    9.3 Europe
           9.3.1 Market Estimate and Forecast By Component
                    9.3.1.1 Market Estimate and Forecast By Software Tool
                    9.3.1.2 Market Estimate and Forecast By Service
           9.3.2 Market Estimate and Forecast By Application Area
           9.3.3 Market Estimate and Forecast By Vertical
           9.3.4 Market Estimate and Forecast By Country
                    9.3.4.1 United Kingdom
                    9.3.4.2 Germany
                    9.3.4.3 France
                    9.3.4.4 Rest of Europe
    9.4 Asia Pacific
           9.4.1 Market Estimate and Forecast By Component
                    9.4.1.1 Market Estimate and Forecast By Software Tool
                    9.4.1.2 Market Estimate and Forecast By Service
           9.4.2 Market Estimate and Forecast By Application Area
           9.4.3 Market Estimate and Forecast By Vertical
           9.4.4 Market Estimate and Forecast By Country
                    9.4.4.1 China
                    9.4.4.2 Japan
                    9.4.4.3 India
                    9.4.4.4 Rest of Asia Pacific
    9.5 Middle East and Africa
           9.5.1 Market Estimate and Forecast By Component
                    9.5.1.1 Market Estimate and Forecast By Software Tool
                    9.5.1.2 Market Estimate and Forecast By Service
           9.5.2 Market Estimate and Forecast By Application Area
           9.5.3 Market Estimate and Forecast By Vertical
           9.5.4 Market Estimate and Forecast By Sub-Region
                    9.5.4.1 Middle East
                               9.5.4.1.1 Kingdom of Saudi Arabia
                               9.5.4.1.2 United Arab Emirates
                    9.5.4.2 Africa
                               9.5.4.2.1 South Africa
    9.6 Latin America
           9.6.1 Market Estimate and Forecast By Component
                    9.6.1.1 Market Estimate and Forecast By Software Tool
                    9.6.1.2 Market Estimate and Forecast By Service
           9.6.2 Market Estimate and Forecast By Application Area
           9.6.3 Market Estimate and Forecast By Vertical
           9.6.4 Market Estimate and Forecast By Country
                    9.6.4.1 Brazil
                    9.6.4.2 Mexico
                    9.6.4.3 Rest of Latin America

10 Competitive Landscape (Page No. - 181)
     10.1 Introduction
     10.2 Competitive Leadership Mapping
             10.2.1 Visionary Leaders
             10.2.2 Innovators
             10.2.3 Dynamic Differentiators
             10.2.4 Emerging Companies
     10.3 Ranking of Key Players
     10.4 Competitive Scenario
             10.4.1 New Product Launches and Product Enhancements
             10.4.2 Partnerships and Collaborations
             10.4.3 Mergers and Acquisitions

11 Company Profiles (Page No. - 189)
     11.1 Introduction
     11.2 Top 5 Facial Recognition Market Vendors
             11.2.1 NEC
                        11.2.1.1 Business Overview
                        11.2.1.2 Products and Services Offered
                        11.2.1.3 Recent Developments
                        11.2.1.4 SWOT Analysis
                        11.2.1.5 MnM View
             11.2.2 Aware
                        11.2.2.1 Business Overview
                        11.2.2.2 Products and Services Offered
                        11.2.2.3 Recent Developments
                        11.2.2.4 SWOT Analysis
                        11.2.2.5 MnM View
             11.2.3 Gemalto
                        11.2.3.1 Business Overview
                        11.2.3.2 Products Offered
                        11.2.3.3 Recent Developments
                        11.2.3.4 MnM View
             11.2.4 Ayonix
                        11.2.4.1 Business Overview
                        11.2.4.2 Products Offered
                        11.2.4.3 Recent Developments
                        11.2.4.4 MnM View
             11.2.5 Idemia
                        11.2.5.1 Business Overview
                        11.2.5.2 Products Offered
                        11.2.5.3 Recent Developments
                        11.2.5.4 MnM View
     11.3 Leading Innovators and Emerging Vendors
             11.3.1 Cognitec Systems
                        11.3.1.1 Business Overview
                        11.3.1.2 Products and Services Offered
                        11.3.1.3 Recent Developments
             11.3.2 Daon
                        11.3.2.1 Business Overview
                        11.3.2.2 Products Offered
                        11.3.2.3 Recent Developments
             11.3.3 Nviso
                        11.3.3.1 Business Overview
                        11.3.3.2 Products Offered
                        11.3.3.3 Recent Developments
             11.3.4 Stereovision Imaging
                        11.3.4.1 Business Overview
                        11.3.4.2 Solutions Offered
                        11.3.4.3 Recent Developments
             11.3.5 Techno Brain
                        11.3.5.1 Business Overview
                        11.3.5.2 Products Offered
                        11.3.5.3 Recent Developments
             11.3.6 Neurotechnology
             11.3.7 Innovatrics
             11.3.8 ID3 Technologies
             11.3.9 Animetrics
             11.3.10 Megvii (Face++)
             11.3.11 Facefirst
             11.3.12 Sightcorp
             11.3.13 Facephi
             11.3.14 Smilepass
             11.3.15 Herta Security
     11.4 Right-To-Win

12 Appendix (Page No. - 218)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (248 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Evaluation Criteria
Table 4 Facial Recognition Market Size, 2017–2024 (USD Billion)
Table 5 Market Size By Component, 2017–2024 (USD Million)
Table 6 Software Tools: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 7 Software Tools: North America Market Size, By Country, 2017–2024 (USD Million)
Table 8 Software Tools: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 9 Software Tools: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 10 Software Tools: Middle East and Africa Market Size, By Sub Region, 2017–2024 (USD Million)
Table 11 Software Tools: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 12 Software Tools: Market Size By Type, 2017–2024 (USD Million)
Table 13 2D Facial Recognition: Market Size By Region, 2017–2024 (USD Million)
Table 14 3D Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 15 Facial Analytics: Market Size By Region, 2017–2024 (USD Million)
Table 16 Services: Market Size By Region, 2017–2024 (USD Million)
Table 17 Services: North America Market Size, By Country, 2017–2024 (USD Million)
Table 18 Services: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 19 Services: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 20 Services: Middle East and Africa Market Size, By Sub Region, 2017–2024 (USD Million)
Table 21 Services: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 22 Services: Market Size By Type, 2017–2024 (USD Million)
Table 23 Training and Consulting Market Size, By Region, 2017–2024 (USD Million)
Table 24 Cloud-Based Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 25 Facial Recognition Market Size, By Application Area, 2017–2024 (USD Million)
Table 26 Emotion Recognition: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 27 Emotion Recognition: North America Market Size, By Country, 2017–2024 (USD Million)
Table 28 Emotion Recognition: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 29 Emotion Recognition: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 30 Emotion Recognition: Middle East and Africa Market Size, By Sub Region, 2017–2024 (USD Million)
Table 31 Emotion Recognition: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 32 Attendance Tracking and Monitoring: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 33 Attendance Tracking and Monitoring: North America Market Size, By Country, 2017–2024 (USD Million)
Table 34 Attendance Tracking and Monitoring: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 35 Attendance Tracking and Monitoring: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 36 Attendance Tracking and Monitoring: Middle East and Africa Market Size, By Sub Region, 2017–2024 (USD Million)
Table 37 Attendance Tracking and Monitoring: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 38 Access Control: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 39 Access Control: North America Market Size, By Country, 2017–2024 (USD Million)
Table 40 Access Control: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 41 Access Control: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 42 Access Control: Middle East and Africa Market Size, By Country, 2017–2024 (USD Million)
Table 43 Access Control: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 44 Law Enforcement: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 45 Law Enforcement: North America Market Size, By Country, 2017–2024 (USD Million)
Table 46 Law Enforcement: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 47 Law Enforcement: Asia Pacific Market Size, By Country, 2019–2024 (USD Million)
Table 48 Law Enforcement: Middle East and Africa Market Size, By Country, 2017–2024 (USD Million)
Table 49 Law Enforcement: Latin America Market, By Country, 2017–2024 (USD Million)
Table 50 Other Application Areas: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 51 Other Application Areas: North America Market Size, By Country, 2017–2024 (USD Million)
Table 52 Other Application Areas: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 53 Other Application Areas: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 54 Other Application Areas: Middle East and Africa Market Size, By Country, 2017–2024 (USD Million)
Table 55 Other Application Areas: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 56 Facial Recognition Market Size, By Vertical, 2017–2024 (USD Million)
Table 57 Banking, Financial Services and Insurance: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 58 Banking, Financial Services and Insurance: North America Market Size, By Country, 2017–2024 (USD Million)
Table 59 Banking, Financial Services and Insurance: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 60 Banking, Financial Services and Insurance: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 61 Banking, Financial Services and Insurance: Middle East and Africa Market Size, By Sub-Region, 2017–2024 (USD Million)
Table 62 Banking, Financial Services and Insurance: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 63 Government and Defense: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 64 Government and Defense: North America Market Size, By Country, 2017–2024 (USD Million)
Table 65 Government and Defense: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 66 Government and Defense: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 67 Government and Defense: Middle East and Africa Market Size, By Sub-Region, 2017–2024 (USD Million)
Table 68 Government and Defense: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 69 Retail and eCommerce: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 70 Retail and eCommerce: North America Market Size, By Country, 2017–2024 (USD Million)
Table 71 Retail and eCommerce: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 72 Retail and eCommerce: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 73 Retail and eCommerce: Middle East and Africa Market Size, By Sub-Region, 2017–2024 (USD Million)
Table 74 Retail and eCommerce: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 75 Healthcare: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 76 Healthcare: North America Market Size, By Country, 2017–2024 (USD Million)
Table 77 Healthcare: Europe Facial Recognition Market Size, By Country, 2017–2024 (USD Million)
Table 78 Healthcare: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 79 Healthcare: Middle East and Africa Market Size, By Sub-Region, 2017–2024 (USD Million)
Table 80 Healthcare: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 81 Education: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 82 Education: North America Market Size, By Country, 2017–2024 (USD Million)
Table 83 Education: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 84 Education: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 85 Education: Middle East and Africa Market Size, By Sub-Region, 2017–2024 (USD Million)
Table 86 Education: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 87 Automotive: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 88 Automotive: North America Market Size, By Country, 2017–2024 (USD Million)
Table 89 Automotive: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 90 Automotive: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 91 Automotive: Middle East and Africa Market Size, By Sub-Region, 2017–2024 (USD Million)
Table 92 Automotive: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 93 Other Verticals: Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 94 Other Verticals: North America Market Size, By Country, 2017–2024 (USD Million)
Table 95 Other Verticals: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 96 Other Verticals: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 97 Other Verticals: Middle East and Africa Market Size, By Sub-Region, 2017–2024 (USD Million)
Table 98 Other Verticals: Latin America Market Size, By Country, 2017–2024 (USD Million)
Table 99 Facial Recognition Market Size, By Region, 2017–2024 (USD Million)
Table 100 North America: Market Size By Component, 2017–2024 (USD Million)
Table 101 North America: Market Size By Software Tool, 2017–2024 (USD Million)
Table 102 North America: Software Tools Market Size, By Country, 2017–2024 (USD Million)
Table 103 North America: Facial Recognition Market Size, By Service, 2017–2024 (USD Million)
Table 104 North America: Services Market Size, By Country, 2017–2024 (USD Million)
Table 105 North America: Facial Recognition Market Size, By Application Area, 2017–2024 (USD Million)
Table 106 North America: Emotion Recognition Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 107 North America: Attendance Tracking and Monitoring Application Area Market Size, By Country, 2019–2024 (USD Million)
Table 108 North America: Access Control Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 109 North America: Law Enforcement Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 110 North America: Other Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 111 North America: Facial Recognition Market Size, By Vertical, 2017–2024 (USD Million)
Table 112 North America: Banking, Financial Services, and Insurance Market Size, By Country, 2017–2024 (USD Million)
Table 113 North America: Government and Defense Market Size, By Country, 2017–2024 (USD Million)
Table 114 North America: Retail and eCommerce Market Size, By Country, 2017–2024 (USD Million)
Table 115 North America: Healthcare Market Size, By Country, 2017–2024 (USD Million)
Table 116 North America: Education Market Size, By Country, 2017–2024 (USD Million)
Table 117 North America: Automotive Market Size, By Country, 2017–2024 (USD Million)
Table 118 North America: Others Market Size, By Country, 2017–2024 (USD Million)
Table 119 United States: Market Size By Component, 2017–2024 (USD Million)
Table 120 United States: Market Size By Application Area, 2017–2024 (USD Million)
Table 121 United States: Market Size By Vertical, 2017–2024 (USD Million)
Table 122 Canada: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 123 Canada: Market Size By Application Area, 2017–2024 (USD Million)
Table 124 Canada: Market Size By Vertical, 2017–2024 (USD Million)
Table 125 Europe: Market Size By Component, 2017–2024 (USD Million)
Table 126 Europe: Market Size By Software Tool, 2017–2024 (USD Million)
Table 127 Europe: Software Tools Market Size, By Country, 2017–2024 (USD Million)
Table 128 Europe: Facial Recognition Market Size, By Service, 2017–2024 (USD Million)
Table 129 Europe: Services Market Size, By Country, 2017–2024 (USD Million)
Table 130 Europe: Facial Recognition Market Size, By Application Area, 2017–2024 (USD Million)
Table 131 Europe: Emotion Recognition Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 132 Europe: Attendance Tracking and Monitoring Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 133 Europe: Access Control Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 134 Europe: Law Enforcement Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 135 Europe: Other Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 136 Europe: Facial Recognition Market Size, By Vertical, 2017–2024 (USD Million)
Table 137 Europe: BFSI Market Size, By Country, 2017–2024 (USD Million)
Table 138 Europe: Government and Defense Market Size, By Country, 2017–2024 (USD Million)
Table 139 Europe: Retail and eCommerce Market Size, By Country, 2017–2024 (USD Million)
Table 140 Europe: Healthcare Market Size, By Country, 2017–2024 (USD Million)
Table 141 Europe: Education Market Size, By Country, 2017–2024 (USD Million)
Table 142 Europe: Automotive Market Size, By Country, 2017–2024 (USD Million)
Table 143 Europe: Other Verticals Market Size, By Country, 2017–2024 (USD Million)
Table 144 United Kingdom: Market Size By Component, 2017–2024 (USD Million)
Table 145 United Kingdom: Market Size By Application Area, 2017–2024 (USD Million)
Table 146 United Kingdom: Market Size By Vertical, 2017–2024 (USD Million)
Table 147 Germany: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 148 Germany: Market Size By Application Area, 2017–2024 (USD Million)
Table 149 Germany: Market Size By Vertical, 2017–2024 (USD Million)
Table 150 France: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 151 France: Market Size By Application Area, 2017–2024 (USD Million)
Table 152 France: Market Size By Vertical, 2017–2024 (USD Million)
Table 153 Rest of Europe: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 154 Rest of Europe: Market Size By Application Area, 2017–2024 (USD Million)
Table 155 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 156 Asia Pacific: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 157 Asia Pacific: Market Size By Software Tool, 2017–2024 (USD Million)
Table 158 Asia Pacific: Software Tools Market Size, By Country, 2017–2024 (USD Million)
Table 159 Asia Pacific: Facial Recognition Market Size, By Service, 2017–2024 (USD Million)
Table 160 Asia Pacific: Services Market Size, By Country, 2017–2024 (USD Million)
Table 161 Asia Pacific: Facial Recognition Market Size, By Application Area, 2017–2024 (USD Million)
Table 162 Asia Pacific: Emotion Recognition Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 163 Asia Pacific: Attendance Tracking and Monitoring Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 164 Asia Pacific: Access Control Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 165 Asia Pacific: Law Enforcement Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 166 Asia Pacific: Other Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 167 Asia Pacific: Facial Recognition Market Size, By Vertical, 2017–2024 (USD Million)
Table 168 Asia Pacific: Banking, Financial Services and Insurance Market Size, By Country, 2017–2024 (USD Million)
Table 169 Asia Pacific: Government and Defense Market Size, By Country, 2017–2024 (USD Million)
Table 170 Asia Pacific: Retail and eCommerce Market Size, By Country, 2017–2024 (USD Million)
Table 171 Asia Pacific: Healthcare Market Size, By Country, 2017–2024 (USD Million)
Table 172 Asia Pacific: Education Market Size, By Country, 2017–2024 (USD Million)
Table 173 Asia Pacific: Automotive Market Size, By Country, 2017–2024 (USD Million)
Table 174 Asia Pacific: Other Verticals Market Size, By Country, 2017–2024 (USD Million)
Table 175 China: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 176 China: Market Size By Application Area, 2017–2024 (USD Million)
Table 177 China: Market Size By Vertical, 2017–2024 (USD Million)
Table 178 Japan: Market Size By Component, 2017–2024 (USD Million)
Table 179 Japan: Market Size By Application Area, 2017–2024 (USD Million)
Table 180 Japan: Market Size By Vertical, 2017–2024 (USD Million)
Table 181 India: Market Size By Component, 2017–2024 (USD Million)
Table 182 India: Market Size By Application Area, 2017–2024 (USD Million)
Table 183 India: Market Size By Vertical, 2017–2024 (USD Million)
Table 184 Rest of Asia Pacific: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 185 Rest of Asia Pacific: Market Size By Application Area, 2017–2024 (USD Million)
Table 186 Rest of Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 187 Middle East and Africa: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 188 Middle East and Africa: Market Size By Software Tool, 2017–2024 (USD Million)
Table 189 Middle East and Africa: Market Size By Service, 2017–2024 (USD Million)
Table 190 Middle East and Africa: Market Size By Application Area, 2017–2024 (USD Million)
Table 191 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 192 Middle East and Africa: Market Size By Sub-Region, 2017–2024 (USD Million)
Table 193 Middle East: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 194 Middle East: Market Size By Application Area, 2017–2024 (USD Million)
Table 195 Middle East: Market Size By Vertical, 2017–2024 (USD Million)
Table 196 Africa: Market Size By Component, 2017–2024 (USD Million)
Table 197 Africa: Market Size By Application Area, 2017–2024 (USD Million)
Table 198 Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 199 Latin America: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 200 Latin America: Market Size By Software Tool, 2017–2024 (USD Million)
Table 201 Latin America: Software Tool Market Size, By Country, 2017–2024 (USD Million)
Table 202 Latin America: Market Size By Service, 2017–2024 (USD Million)
Table 203 Latin America: Services Market Size, By Country, 2017–2024 (USD Million)
Table 204 Latin America: Facial Recognition Market Size, By Application Area, 2017–2024 (USD Million)
Table 205 Latin America: Emotion Recognition Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 206 Latin America: Attendance Tracking and Monitoring Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 207 Latin America: Access Control Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 208 Latin America: Law Enforcements Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 209 Latin America: Other Application Area Market Size, By Country, 2017–2024 (USD Million)
Table 210 Latin America: Facial Recognition Market Size, By Vertical, 2017–2024 (USD Million)
Table 211 Latin America: Banking, Financial Services and Insurance Market Size, By Country, 2017–2024 (USD Million)
Table 212 Latin America: Government and Defense Market Size, By Country, 2017–2024 (USD Million)
Table 213 Latin America: Retail and eCommerce Market Size, By Country, 2017–2024 (USD Million)
Table 214 Latin America: Healthcare Market Size, By Country, 2017–2024 (USD Million)
Table 215 Latin America: Education Market Size, By Country, 2017–2024 (USD Million)
Table 216 Latin America: Automotive Market Size, By Country, 2017–2024 (USD Million)
Table 217 Latin America: Other Verticals Market Size, By Country, 2017–2024 (USD Million)
Table 218 Brazil: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 219 Brazil: Market Size By Application Area, 2017–2024 (USD Million)
Table 220 Brazil: Market Size By Vertical, 2017–2024 (USD Million)
Table 221 Mexico: Market Size By Component, 2017–2024 (USD Million)
Table 222 Mexico: Market Size By Application Area, 2017–2024 (USD Million)
Table 223 Mexico: Market Size By Vertical, 2017–2024 (USD Million)
Table 224 Rest of Latin America: Facial Recognition Market Size, By Component, 2017–2024 (USD Million)
Table 225 Rest of Latin America: Market Size By Application Area, 2017–2024 (USD Million)
Table 226 Rest of Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 227 Evaluation Criteria
Table 228 New Product Launches and Product Enhancements, 2017–2019
Table 229 Partnerships and Collaborations, 2017–2019
Table 230 Mergers and Acquisitions, 2018
Table 231 Organic Growth Strategies: NEC
Table 232 Inorganic Growth Strategies: NEC
Table 233 Organic Growth Strategies: Aware
Table 234 Inorganic Growth Strategies: Aware
Table 235 Organic Growth Strategies: Gemalto
Table 236 Inorganic Growth Strategies: Gemalto
Table 237 Organic Growth Strategies: Ayonix
Table 238 Inorganic Growth Strategies: Ayonix
Table 239 Organic Growth Strategies: Idemia
Table 240 Inorganic Growth Strategies: Idemia
Table 241 Organic Growth Strategies: Cognitec Systems
Table 242 Inorganic Growth Strategies: Cognitec Systems
Table 243 Organic Growth Strategies: Daon
Table 244 Inorganic Growth Strategies: Daon
Table 245 Organic Growth Strategies: Nviso
Table 246 Inorganic Growth Strategies: Nviso
Table 247 Inorganic Growth Strategies: Stereovision Imaging
Table 248 Inorganic Growth Strategies: Techno Brain


List of Figures (26 Figures)

Figure 1 Facial Recognition Market: Research Design
Figure 2 Facial Recognition Market: Top-Down and Bottom-Up Approaches
Figure 3 Segments With Highest Market Shares in the Facial Recognition Market in 2019
Figure 4 North America to Lead Adoption Trend of Facial Recognition
Figure 5 Growing Surveillence and Technological Advancements Across Industry Verticals Contributed to the Growth of the Facial Recognition Market
Figure 6 Software Tools Segment to Hold A Higher Market Share During the Forecast Period
Figure 7 Government and Defense Vertical to have the Highest Market Share During the Forecast Period
Figure 8 Law Enforcement Segment to Hold the Highest Market Share During the Forecast Period
Figure 9 In North America Canada is Expected to Grow at A Higher CAGR and in APAC India is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 10 Facial Recognition Market: Drivers, Restraints, Opportunities, and Challenges
Figure 11 Software Tools Segment to Hold A Larger Market Size During the Forecast Period
Figure 12 Law Enforcement Segment to Hold the Largest Market Size During the Forecast Period
Figure 13 Government and Defense Vertical to Lead the Facial Recognition Market During the Forecast Period
Figure 14 Facial Recognition Market in Asia Pacific to Grow at the Highest CAGR From 2017 to 2024
Figure 15 North America: Market Snapshot
Figure 16 Europe: Market Snapshot
Figure 17 Asia Pacific: Market Snapshot
Figure 18 Middle East and Africa: Market Snapshot
Figure 19 Latin America: Market Snapshot
Figure 20 Facial Recognition Market (Global), Competitive Leadership Mapping, 2019
Figure 21 Ranking of Key Players in the Facial Recognition Market, 2019
Figure 22 NEC Corporation: Company Snapshot
Figure 23 NEC Corporation: SWOT Analysis
Figure 24 Aware: Company Snapshot
Figure 25 Aware: SWOT Analysis
Figure 26 Gemalto: Company Snapshot

The study involved 4 major activities to estimate the current size of the facial recognition market. Exhaustive secondary research was done to collect information on the facial recognition market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to identify and collect the information for this study. These secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The facial recognition market comprises several stakeholders, such as service providers, solution vendors, system integrators, technology partners, consulting firms, research organizations, managed service providers, government agencies, financial bodies, resellers and distributors, enterprise users, and technology providers. The demand side of the market consists of financial institutions, investors, and insurance companies. The supply side includes facial recognition solution providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:

Facial Recognition Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the facial recognition market. These methods were also used extensively to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To determine and forecast the global facial recognition market by component, application area, vertical, and region from 2019 to 2024, and analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), Latin America
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall facial recognition market
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the facial recognition market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of APAC into countries contributing 75% to the regional facial recognition market size
  • Further breakdown of North America into countries contributing 75% to the regional market size
  • Further breakdown of Latin America into countries contributing 75% to the regional market size
  • Further breakdown of MEA into countries contributing 75% to the regional market size
  • Further breakdown of Europe into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

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CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 3421
Published ON
Jun, 2019
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