Tag Archives: Facial Recognition Market

****** 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 Revenue, Production Status and Emerging Trends Forecast by 2020

Industry Insights

The Facial Recognition Market was valued at USD 3.35 Billion in 2016. Facial recognition is a biometric method which gives high-level security for private as well as public sector. It compares the facial features with the database so as to provide authorization. Facial recognition consists of software, readers as well as the associated database to provide security along with accuracy. The method of facial recognition is highly efficient to avoid security issues in comparison with the traditional method such as token, passwords, and others.

Facial Recognition Market- Gearing Up For A Promising Future – Expected To Reach US$4.05 billion by 2026

Market Highlights

****** Facial Recognition market is expected to grow from $4.05 billion in 2017 to reach $14.95 billion by 2026 with a CAGR of 15.6%. Factors such as rising applications in various industry sectors, growing smart phone implementation and increasing instances of identity threats are fueling the market growth. However, misinterpretation of faces or emotions and high initial costs are hindering the market growth. The major opportunities in the market are adoption of cloud-based technology solutions and increasing number of smart city projects across the world.

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.

Facial Recognition Market – Size,Market Share, Application Analysis,Regional outlook,Growth,Trends,Key Players,Competitive Strategies and Forecast 2018 to 2026 by Acumen Research and Consulting

Acumen Research and Consulting presents a new research report titled “Facial Recognition Market “ that includes the analysis of the various segments of this market across the important regions in the world.

This research study on the ****** Facial Recognition Market offers detailed and insightful information on major regional markets and related sub-markets. The information is gathered via both, but not limited to, extensive secondary research and primary research. The major secondary data sources referred for collecting information include industry journals, white papers, databases, company reports, and up-to-date press releases among others. The study also comprises factors driving and inhibiting the development of facial recognition market. The key opportunity areas and trends prevalent in this market are also been compiled in this study. The current size of this market and its predicted market size by the end of forecast period have been highlighted through this study.