HOME Top Market Reports Facial Recognition Market by Component (Software Tools and Services), Technology, Use Case (Emotion Recognition, Attendance Tracking and Monitoring, Access Control, Law Enforcement), End-User, and Region - Global Forecast to 2022

Facial Recognition Market by Component (Software Tools and Services), Technology, Use Case (Emotion Recognition, Attendance Tracking and Monitoring, Access Control, Law Enforcement), End-User, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: TC 3421

 

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The growth of the global facial recognition market is expected to be driven by various factors, such as the increasing need for enhanced surveillance and monitoring at public places and the increasing use of facial recognition technologies in industries, such as the government. The global market is expected to grow from USD 3.37 Billion in 2016 to USD 7.76 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.9%. The base year considered for the study is 2016 and the forecast period is 2017–2022.

The objective of the report is to define, describe, and forecast the size of the facial recognition market on the basis of components (software tools and services), technologies, use cases (emotion recognition, attendance tracking and monitoring, access control, law enforcement, and others), end-users, and regions. The report also aims at providing detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

The research methodology used to estimate and forecast the global facial recognition market size began with the capturing of data on the key vendor revenues through secondary research, annual reports, government publishing sources, IEEE, Factiva, Bloomberg, and press releases. The vendor offerings were also taken into consideration to determine the market segmentations. The bottom-up procedure was employed to arrive at the overall global market size from the revenues of the key market players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of the primary participants has been depicted in the figure given below:

Facial Recognition Market

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

The facial recognition market includes various facial recognition vendors, such as Aware (US), NEC Corporation (Japan), Ayonix Corp. (Japan), Cognitec Systems (Germany), KeyLemon (Switzerland), nViso (Switzerland), Herta Security (Spain), Techno Brain (Kenya), Neurotechnology (Lithuania), Daon (US), Animetrics (US), 3M Company (US), IDEMIA (France), and Gemalto (Netherlands).

The target audience of the facial recognition market report is given below:

  • Government agencies
  • Facial recognition solutions/services vendors
  • Application developers
  • IT managers
  • System integrators
  • Application end-users

“The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.”

Scope of the Report

The facial recognition market is segmented on the basis of components (software tools and services), technologies, use cases (emotion recognition, attendance tracking and monitoring, access control, law enforcement, and others), end-users, and regions:

By Component

  • Software tools
    • 2D facial recognition
    • 2D facial recognition
    • Thermal face recognition
  • Services
    • Training and consulting services
    • Cloud-based facial recognition services

By Technology

  • Facial recognition software and Software Development Kit (SDK)
  • Solution type
  • Databases
  • Modeling and restructuring
  • Analytics solutions

By Use Case

  • Emotion recognition
  • Attendance tracking and monitoring
  • Access control
  • Law enforcement
  • Others (robotics and eLearning)

By End-user

  • Government
    • Homeland Security
    • Military
  • Enterprises
    • Banking, Financial services, and Insurance
    • Healthcare
    • Retail
  • Other end-users (casinos, public places, automotive, mobile application, and home security systems)

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

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 the North American facial recognition market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Facial Recognition Market
    4.2 Market Top 3 Technologies
    4.3 Market By Technology and Region
    4.4 Facial Recognition Potential
    4.5 Lifecycle Analysis, By Region

5 Facial Recognition Market Overview and Industry Trends (Page No. - 33)
    5.1 Introduction
    5.2 Approaches to Face Recognition Problem
    5.3 Facial Recognition Use Cases Across Verticals
           5.3.1 Use Case Scenario-1
           5.3.2 Use Case Scenario-2
           5.3.3 Use Case Scenario-3
           5.3.4 Use Case Scenario-4
           5.3.5 Use Case Scenario-5
           5.3.6 Use Case Scenario-6
           5.3.7 Use Case Scenario-7
    5.4 Standards
           5.4.1 ANSI/Incits (M1) 385-2004
           5.4.2 ISO SC37 19794-5
           5.4.3 ANSI/Incits (M1) 379-2004
           5.4.4 ANSI/Nist-Itl 1-2000
           5.4.5 Incits 398-2005
           5.4.6 Incits 358-2002
    5.5 Fido Alliance
    5.6 Process Description and Algorithms Used
    5.7 Market Dynamics
           5.7.1 Drivers
                    5.7.1.1 Increased Need for Enhanced Surveillance and Monitoring at Public Places
                    5.7.1.2 Increased Awareness and Need of Facial Recognition Technology Among the Government
                    5.7.1.3 Increasing Applications in Various Industry Sectors
           5.7.2 Restraints
                    5.7.2.1 Incompatibility Concerns
                    5.7.2.2 Misinterpretation of Faces Or Emotions
           5.7.3 Opportunities
                    5.7.3.1 Rising Number of Smart City Projects Across the World
                    5.7.3.2 Increasing Smartphone Adoption
                    5.7.3.3 Adoption of Cloud-Based Technology Solutions
           5.7.4 Challenges
                    5.7.4.1 Illumination Problems

6 Facial Recognition Market Analysis, By Component (Page No. - 42)
    6.1 Introduction
    6.2 Software Tools
           6.2.1 2D Facial Recognition
           6.2.2 3D Facial Recognition
           6.2.3 Thermal Face Recognition
    6.3 Services
           6.3.1 Training and Consulting Services
           6.3.2 Cloud-Based Facial Recognition Services

7 Facial Recognition Market Analysis, By Technology (Page No. - 52)
    7.1 Introduction
           7.1.1 Facial Recognition Software and Sdk
           7.1.2 Middleware
           7.1.3 Databases
           7.1.4 Modeling and Restructuring
           7.1.5 Analytics Solution

8 Facial Recognition Market Analysis, By Use Case (Page No. - 57)
    8.1 Introduction
    8.2 Emotion Recognition
    8.3 Attendance Tracking and Monitoring
    8.4 Access Control
    8.5 Law Enforcement
    8.6 Others

9 Facial Recognition Market Analysis, By End-User (Page No. - 64)
    9.1 Introduction
    9.2 Government
           9.2.1 Homeland Security
           9.2.2 Military
    9.3 Enterprises
           9.3.1 Banking, Financial Services, and Insurance
           9.3.2 Healthcare
           9.3.3 Retail
    9.4 Other End-Users

10 Geographic Analysis (Page No. - 73)
     10.1 Introduction
             10.1.1 North America
                        10.1.1.1 North America, By Country
                                     10.1.1.1.1 United States
                                     10.1.1.1.2 Canada
                        10.1.1.2 North America, By Component
                        10.1.1.3 North America, By Software Tool
                        10.1.1.4 North America, By Service
                        10.1.1.5 North America, By Technology
                        10.1.1.6 North America, By Use Case
                        10.1.1.7 North America, By End-User
             10.1.2 Europe
                        10.1.2.1 Europe, By Country
                                     10.1.2.1.1 United Kingdom
                                     10.1.2.1.2 Germany
                                     10.1.2.1.3 France
                                     10.1.2.1.4 Rest of Europe
                        10.1.2.2 Europe, By Component
                        10.1.2.3 Europe, By Software Tool
                        10.1.2.4 Europe, By Service
                        10.1.2.5 Europe, By Technology
                        10.1.2.6 Europe, By Use Case
                        10.1.2.7 Europe, By End-User
             10.1.3 Asia Pacific
                        10.1.3.1 Asia Pacific, By Country
                                     10.1.3.1.1 China
                                     10.1.3.1.2 Japan
                                     10.1.3.1.3 South Korea
                                     10.1.3.1.4 Singapore
                                     10.1.3.1.5 Rest of Asia Pacific
                        10.1.3.2 Asia Pacific, By Component
                        10.1.3.3 Asia Pacific, By Software Tool
                        10.1.3.4 Asia Pacific, By Service
                        10.1.3.5 Asia Pacific, By Technology
                        10.1.3.6 Asia Pacific, By Use Case
                        10.1.3.7 Asia Pacific, By End-User
             10.1.4 Latin America
                        10.1.4.1 Latin America, By Country
                                     10.1.4.1.1 Brazil
                                     10.1.4.1.2 Mexico
                                     10.1.4.1.3 Rest of Latin America
                        10.1.4.2 Latin America, By Component
                        10.1.4.3 Latin America, By Software Tool
                        10.1.4.4 Latin America, By Service
                        10.1.4.5 Latin America, By Technology
                        10.1.4.6 Latin America, By Use Case
                        10.1.4.7 Latin America, By End-User
             10.1.5 Middle East and Africa
                        10.1.5.1 Middle East and Africa, By Sub-Region
                                     10.1.5.1.1 Middle East
                                     10.1.5.1.2 Africa
                        10.1.5.2 Middle East and Africa, By Component
                        10.1.5.3 Middle East and Africa, By Software Tool
                        10.1.5.4 Middle East and Africa, By Service
                        10.1.5.5 Middle East and Africa, By Technology
                        10.1.5.6 Middle East and Africa, By Use Case
                        10.1.5.7 Middle East and Africa, By End-User

11 Company Profiles (Page No. - 106)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
     11.1 Aware
     11.2 NEC
     11.3 Ayonix
     11.4 Cognitec Systems
     11.5 Keylemon
     11.6 Nviso
     11.7 Herta Security
     11.8 Techno Brain
     11.9 Neurotechnology
     11.10 Daon
     11.11 Animetrics
     11.12 3M Company
     11.13 Idemia
     11.14 Gemalto

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 144)
     12.1 Industry Excerpts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (82)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Global Facial Recognition Market Size and Growth Rate, 2015–2022 (USD Billion, Y-O-Y %)
Table 3 Market Size By Component, 2015–2022 (USD Million)
Table 4 Market Size By Software Tool, 2015–2022 (USD Million)
Table 5 2D Facial Recognition: Market Size By End-User, 2015–2022 (USD Million)
Table 6 2D Facial Recognition: Market Size By Region, 2015–2022 (USD Million)
Table 7 3D Facial Recognition: Market Size By End-User, 2015–2022 (USD Million)
Table 8 3D Facial Recognition: Market Size By Region, 2015–2022 (USD Million)
Table 9 Thermal Face Recognition: Market Size By End-User, 2015–2022 (USD Million)
Table 10 Thermal Face Recognition: Market Size By Region, 2015–2022 (USD Million)
Table 11 Facial Recognition Market Size, By Service, 2015–2022 (USD Million)
Table 12 Training and Consulting Services: Market Size By End-User, 2015–2022 (USD Million)
Table 13 Training and Consulting Services: Market Size By Region, 2015–2022 (USD Million)
Table 14 Cloud-Based Facial Recognition Services: Market Size By End-User, 2015–2022 (USD Million)
Table 15 Cloud-Based Facial Recognition Services: Market Size By Region, 2015–2022 (USD Million)
Table 16 Facial Recognition Market Size, By Technology, 2015–2022 (USD Million)
Table 17 Facial Recognition Software and Sdk: Market Size By End-User, 2015–2022 (USD Million)
Table 18 Middleware: Market Size By End-User, 2015–2022 (USD Million)
Table 19 Databases: Market Size By End-User, 2015–2022 (USD Million)
Table 20 Modeling and Restructuring: Market Size By End-User, 2015–2022 (USD Million)
Table 21 Analytics Solution: Market Size By End-User, 2015–2022 (USD Million)
Table 22 Facial Recognition Market Size By Use Case, 2015–2022 (USD Million)
Table 23 Emotion Recognition: Market Size By End-User, 2015–2022 (USD Million)
Table 24 Attendance Tracking and Monitoring: Market Size By End-User, 2015–2022 (USD Million)
Table 25 Access Control: Market Size By End-User, 2015–2022 (USD Million)
Table 26 Law Enforcement: Market Size By End-User, 2015–2022 (USD Million)
Table 27 Others: Market Size, By End-User, 2015–2022 (USD Million)
Table 28 Facial Recognition Market Size, By End-User, 2015–2022 (USD Million)
Table 29 Market Size By Government, 2015–2022 (USD Million)
Table 30 Homeland Security: Market Size By Component, 2015–2022 (USD Million)
Table 31 Military: Market Size By Component, 2015–2022 (USD Million)
Table 32 Facial Recognition Market Size, By Enterprise, 2015–2022 (USD Million)
Table 33 Banking, Financial Services, and Insurance: Market Size By Component, 2015–2022 (USD Million)
Table 34 Healthcare: Market Size By Component, 2015–2022 (USD Million)
Table 35 Retail: Market Size By Component, 2015–2022 (USD Million)
Table 36 Other End-Users: Market Size By Component, 2015–2022 (USD Million)
Table 37 Facial Recognition Market Size, By Region, 2017–2022 (USD Million)
Table 38 North America: Market Size, By Country, 2017–2022 (USD Million)
Table 39 North America: Market Size, By Component, 2017–2022 (USD Million)
Table 40 North America: Market Size, By Software Tool, 2017–2022 (USD Million)
Table 41 North America: Market Size, By Service, 2017–2022 (USD Million)
Table 42 North America: Market Size, By Technology, 2017–2022 (USD Million)
Table 43 North America: Market Size, By Use Case, 2017–2022 (USD Million)
Table 44 North America: Market Size, By End-User, 2017–2022 (USD Million)
Table 45 North America: Market Size, By Government, 2017–2022 (USD Million)
Table 46 North America: Market Size, By Enterprise, 2017–2022 (USD Million)
Table 47 Europe: Facial Recognition Market Size, By Country, 2017–2022 (USD Million)
Table 48 Europe: Market Size, By Component, 2017–2022 (USD Million)
Table 49 Europe: Market Size, By Software Tool, 2017–2022 (USD Million)
Table 50 Europe: Market Size, By Service, 2017–2022 (USD Million)
Table 51 Europe: Market Size, By Technology, 2017–2022 (USD Million)
Table 52 Europe: Market Size, By Use Case, 2017–2022 (USD Million)
Table 53 Europe: Market Size, By End-User, 2017–2022 (USD Million)
Table 54 Europe: Market Size, By Government, 2017–2022 (USD Million)
Table 55 Europe: Market Size, By Enterprise, 2017–2022 (USD Million)
Table 56 Asia Pacific: Facial Recognition Market Size, By Country, 2017–2022 (USD Million)
Table 57 Asia Pacific: Market Size, By Component, 2017–2022 (USD Million)
Table 58 Asia Pacific: Market Size, By Software Tool, 2017–2022 (USD Million)
Table 59 Asia Pacific: Market Size, By Service, 2017–2022 (USD Million)
Table 60 Asia Pacific: Market Size, By Technology, 2017–2022 (USD Million)
Table 61 Asia Pacific: Market Size, By Use Case, 2017–2022 (USD Million)
Table 62 Asia-Pacific: Market Size, By End-User, 2017–2022 (USD Million)
Table 63 Asia Pacific: Market Size, By Government, 2017–2022 (USD Million)
Table 64 Asia Pacific: Market Size, By Enterprise, 2017–2022 (USD Million)
Table 65 Latin America: Facial Recognition Market Size, By Country, 2017–2022 (USD Million)
Table 66 Latin America: Market Size, By Component, 2017–2022 (USD Million)
Table 67 Latin America: Market Size, By Software Tool, 2017–2022 (USD Million)
Table 68 Latin America: Market Size, By Service, 2017–2022 (USD Million)
Table 69 Latin America: Market Size, By Technology, 2017–2022 (USD Million)
Table 70 Latin America: Market Size, By Use Case, 2017–2022 (USD Million)
Table 71 Latin America: Market Size, By End-User, 2017–2022 (USD Million)
Table 72 Latin America: Market Size, By Government, 2017–2022 (USD Million)
Table 73 Latin America: Market Size, By Enterprise, 2017–2022 (USD Million)
Table 74 Middle East and Africa: Facial Recognition Market Size, By Sub-Region, 2017–2022 (USD Million)
Table 75 Middle East and Africa: Market Size, By Component, 2017–2022 (USD Million)
Table 76 Middle East and Africa: Market Size, By Software Tool, 2017–2022 (USD Million)
Table 77 Middle East and Africa: Market Size, By Service, 2017–2022 (USD Million)
Table 78 Middle East and Africa: Market Size, By Technology, 2017–2022 (USD Million)
Table 79 Middle East and Africa: Market Size, By Use Case, 2017–2022 (USD Million)
Table 80 Middle East and Africa: Market Size, By End-User, 2017–2022 (USD Million)
Table 81 Middle East and Africa: Market Size, By Government, 2017–2022 (USD Million)
Table 82 Middle East and Africa: Market Size, By Enterprise, 2017–2022 (USD Million)


List of Figures (37)

Figure 1 Global Facial Recognition Market Segmentation
Figure 2 Regional Scope
Figure 3 Market Research Design
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 North America is Estimated to Have the Largest Market Share in 2017
Figure 8 Market Snapshot By Component (2017–2022)
Figure 9 Market Snapshot By Software Tool (2017 vs 2022)
Figure 10 Market Snapshot By Service (2017 vs 2022)
Figure 11 The Global Facial Recognition Market is Expected to Grow Significantly During the Forecast Period
Figure 12 Analytics Solution Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Facial Recognition Software and Sdk, and North America are Estimated to Hold the Largest Market Shares in the Facial Recognition Market in 2017
Figure 14 Asia Pacific is Expected to Have the Highest CAGR During the Forecast Period
Figure 15 Asia Pacific is Expected to Have the Highest Growth Rate During the Forecast Period
Figure 16 Facial Recognition Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 18 3D Facial Recognition is Expected to Be the Fastest-Growing Software Tool During the Forecast Period
Figure 19 Cloud-Based Facial Recognition Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Analytics Solution is Expected to Be the Fastest-Growing Technology in the Facial Recognition Market
Figure 21 Law Enforcement is Expected to Account for the Largest Market Size in the Facial Recognition Market During the Forecast Period
Figure 22 The Government Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Military End-User is Expected to Grow at A Higher CAGR in the Facial Recognition Market
Figure 24 Healthcare is Expected to Be the Fastest-Growing Segment in the Enterprises End-User of the Facial Recognition Market
Figure 25 Asia Pacific is Projected to Grow at the Highest CAGR in the Facial Recognition Market During the Forecast Period
Figure 26 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Software Tools Segment is Expected to Grow With Larger Market Share in North America During the Forecast Period
Figure 29 Software Tools Segment is Expected to Grow With Larger Market Share in Europe During the Forecast Period
Figure 30 Asia Pacific: Market Snapshot
Figure 31 Software Tools Segment is Expected to Grow With Larger Market Share in Asia-Pacific During the Forecast Period
Figure 32 Software Tools Segment is Expected to Grow With Larger Market Share in Latin America During the Forecast Period
Figure 33 Software Tools Segment is Expected to Grow With Larger Market Share in Middle East and Africa During the Forecast Period
Figure 34 Aware: Company Snapshot
Figure 35 NEC Corporation: Company Snapshot
Figure 36 3M Company: Company Snapshot
Figure 37 Gemalto: Company Snapshot

The global facial recognition market is expected to grow from USD 4.05 Billion in 2017 to USD 7.76 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.9%. The growth of the global market is expected to be driven by various factors, such as the increased need for enhanced surveillance and monitoring at public places and the increase in the use of facial recognition technologies in industries, such as the government.

The components segment is further segmented into software tools and services. The services segment is expected to grow at the highest CAGR during the forecast period. Due to the growing awareness among enterprises about the features of facial recognition technologies and the rising need for a more secured biometric system, the demand for facial recognition systems is expected to be increasing globally. The cloud-based facial recognition services play a vital role in face detection and recognition, and comprise training and consulting services and cloud-based facial recognition services. The facial recognition services are used by governments, Homeland Security, military, retail, and healthcare.

On the basis of software tools, the 3D facial recognition technology segment is expected to have the largest market size during forecast period. The 3D facial recognition model overcomes the drawbacks of the 2D facial recognition technology. 3D facial technology is not dependent on illumination, which enables it to capture high-quality images in uncontrolled environments, such as poorly lit or completely dark areas. The 3D facial recognition technology has a high potential to analyze, identify, and verify the facial characteristics of individuals. The facial recognition technologies are used in applications areas, such as cross-border monitoring, document verification, and identity management.

The services segment subsegmented into training and consulting services, and cloud-based facial recognition services. Among these services, the training and consulting services segment is expected to have the largest market share during the forecast period. In the facial recognition market, training and consulting services include feasibility assessment, analysis, and advisory of large-scale governmental and military projects. It also includes requirement gathering, biometric security design, technology evaluation, and validation of biometric features. Several leading service providers offer training and consulting services in the facial recognition market.

Among technologies, the analytics solution segment is expected to grow at the highest CAGR. Facial analytics solutions are expected to be widely adopted in the coming years to secure the crowded and uncontrolled public places, and gather information about demographics and the buying patterns of consumers to boost business.

On the basis of use cases, the law enforcement segment is expected to have the largest market size during the forecast period. Facial recognition software and services are predominantly applied at the premises, where the enforcement, surveillance, and monitoring of the facial detection law is needed. Facial recognition technologies are capable of recognizing faces in real-time using webcam; providing accurate gender information; detecting age, mood, and other features; and searching faces from the database. The demand for the software segment is expected to have increased, due to the increasing data breaches and growing need of enterprises to save resources from unauthorized access.

On the basis of end-user vertical, the facial recognition market is segmented into government, enterprises, and other end-users. The other end-users segment includes casinos, public places, automotive, mobile application, and Homeland Security, out of which, the government end-user vertical is expected to grow at the highest CAGR during the forecast period. Facial recognition technologies are widely being implemented by this sector for creating a safe environment, with enhanced security for the public. It is said that the government sector is making huge investments in facial recognition technologies to safeguard its citizens from criminal threats.

Among the 5 regions, North America is expected to have the largest market size in the facial recognition market during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. The major initiatives taken for the facial recognition technology have their origin in this region. The smart city initiatives taken by the government in this region has positively impacted the adoption trend of the facial recognition technology to enhance the monitoring and improve the surveillance.

Facial Recognition Market

The facial recognition market faces many challenges. For instance, earlier the 2D technology was used for face recognition, where the captured images were highly dependent on the illumination conditions. The illumination conditions significantly affected the quality of the image. The other challenge was the incompatibility of integration between software tools and biometric hardware devices.

The major vendors that offer facial recognition solutions across the globe are Aware (US), NEC Corporation (Japan), Ayonix Corp. (Japan), Cognitec Systems (Germany), KeyLemon (Switzerland), nViso (Switzerland), Herta Security (Spain), Techno Brain (Kenya), Neurotechnology (Lithuania), Daon (US), Animetrics (US), 3M Company (US), IDEMIA (France), and Gemalto (Netherlands). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the facial recognition market.

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