Technology

Facial Recognition Market Segments, Technologies, Applications, Strategies and Forecast 2023-2028

According to IMARC Group latest report titled “Facial Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on facial recognition market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global facial recognition market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.3 Billion by 2028, exhibiting a growth rate (CAGR) of 18.3% during 2023-2028.

Facial recognition is a biometric technology that employs artificial intelligence to analyze and recognize human faces. Technology works by capturing an image or video of a face and then using algorithms to analyze unique features and patterns, such as the distance between the eyes or the shape of the nose, to identify the person. Facial recognition has become increasingly prevalent in recent years, with applications ranging from security and law enforcement to marketing and social media. It offers various potential benefits, including enhanced security, improved customer experience, marketing, and personalization, identifying patients and ensuring accurate medical records, helping to improve public safety and law enforcement, and enabling contactless transactions, such as payments and access control, reducing the need for physical contact.

Get a Free Sample Copy of this Report: https://www.imarcgroup.com/facial-recognition-market/requestsample

Market Trends:

The global market is majorly driven by the increasing demand for enhanced security and personalized customer experiences. In line with this, the growing use of smartphones and other mobile devices for authentication and identification is significantly contributing to the market growth. Furthermore, the rising demand for contactless technologies is positively influencing the market. Apart from this, the development of artificial intelligence algorithms is improving the accuracy and reliability of facial recognition technology. Moreover, the escalating usage of surveillance cameras in public spaces and transportation is offering lucrative opportunities for the market. Besides, the increasing need for efficient border control and immigration processes is favoring the market. Additionally, the rising demand for facial recognition in the healthcare industry for purposes such as patient identification and medical record management is providing a boost to the market.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/facial-recognition-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • 3M Company
  • Animetrics Inc.
  • Aware Inc.
  • Ayonix Corp­oration
  • Cognitec Systems GmbH
  • Daon Inc.
  • FaceFirst Inc.
  • FacePhi Biometria
  • IDEMIA (Advent International)
  • NEC Corporation
  • Safran Group
  • Thales Group

Facial Recognition Market Segmentation:

Our report has categorized the market based on region, component, technology, application and end use industry.

Breakup by Component:

  • Software
  • Services

Breakup by Technology:

  • 2D Facial Recognition
  • 3D Facial Recognition
  • Facial Analytics

Breakup by Application:

  • Emotion Recognition
  • Attendance Tracking and Monitoring
  • Access Control
  • Security and Surveillance
  • Others

Breakup by End Use Industry:

  • Retail and E-commerce
  • BFSI
  • Government and Defense
  • Automotive and Transportation
  • Media and Entertainment
  • Healthcare
  • Telecom and IT
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800