Tag Archives: Facial Recognition Market Trends

****** Facial Recognition Market: Size, Outlook, Trend and Forecast 2024

Bharat Book Bureau Provides the Trending Market Research Report on “Facial Recognition Market by Component (Software, Tools, and Services), Application Area (Emotion Recognition, Attendance Tracking and Monitoring, Access Control, Law Enforcement), Vertical, and Region – ****** Forecast to 2024”under Information Technology Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

The Facial Recognition Market is projected to grow at a CAGR of 16.5%.

The ****** facial recognition market size to grow at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period

Government & Transportation Sector to Generate High Demand for Facial Recognition Through 2023

According to TechSci Research report, “****** Facial Recognition Market By Component, By Software Type, By End Use Sector, By Region, Competition Forecast and Opportunities, 2023’’, the ****** market for facial recognition market is projected to surpass $ 6 billion by 2023, owing to increasing need for monitoring and surveillance by the governments and defense sectors in order to fast-track criminal identification. Moreover, growing adoption by the commercial sector including BFSI, smartphone manufacturers, healthcare companies, etc., to provide more secure environment to their customers and to identify the customer behaviour and emotions, would further augment demand for facial recognition in the coming years. Additionally, smart city initiatives by various governments across the globe are further expected to drive growth in ****** facial recognition market in the coming years.

Facial Recognition Market Research Study for Forecast Period 2014 – 2023

The ****** Facial Recognition Market was worth USD 2.78 billion in 2014 and is expected to reach approximately USD 8.96 billion by 2023, annual growth rate (CAGR) of 13.87% during the forecast period.

Facial Recognition Market – Report Overview: 
The development of the ****** facial recognition market is foreseen to be driven by different components, for example, the expanding requirement for upgraded surveillance and observing at public spots and the expanding usage of facial recognition technologies in enterprises, for example, the government.

****** Facial Recognition Market will reach USD $8.96 billion by 2023

The ****** Facial Recognition Market was worth USD 2.78 billion in 2014 and is expected to reach approximately USD 8.96 billion by 2023, annual growth rate (CAGR) of 13.87% during the forecast period.

Facial Recognition Market – Report Overview: 
The development of the ****** facial recognition market is foreseen to be driven by different components, for example, the expanding requirement for upgraded surveillance and observing at public spots and the expanding usage of facial recognition technologies in enterprises, for example, the government. The expanding reliance of end-users on sites and web applications is offering ascend to an expanding number of data and identity theft cases. Additionally, the expanding unpredictability of these attacks is driving end-users to adopt secure confirmation arrangements. This expands the usage of biometric security solutions as they are a standout amongst the most secure validation arrangements due to their capacity to consolidate the physical and behavioural highlights of the end-users that are hard to forge.