Global Facial Recognition Market Outlook 2021: Global Opportunity and Demand Analysis, Market Forecast, 2022-2030

The Global Facial Recognition Market is anticipated to rise at a value CAGR of 15.5% over 20202028. According to a study published by Insure Insights on the Global Facial Recognition Market. Facial recognition is the technology of recognizing a human face; it uses biometrics to map facial features from a photograph or video source. It compares the information with a database of known faces and thus finds a match. It is widely adopted in various fields as it is a contactless and non-invasive process. With the rise in the adoption of the technology by the law enforcement sector, face recognition software is used to scan faces captured on CCTV and find the targeted person, thus increasing the demand for facial recognition.
The high rate of adoption of facial recognition in various sectors has boosted the market.
An increase in technological advancements and high adoption of facial recognition across various industries have primarily driven the market growth. The rise in the use of facial recognition in security and at borders to verify the travelers identity is also widely used in airports. The rise in the use of facial recognition in smartphones has further driven the market; it is widely used in unlocking the phone, signing into mobile apps, and in payment verification.
3D Facial Recognition has dominated growth in the Global Facial Recognition Market.
Based on the product, the 3D facial recognition segment has held the highest segmental growth. 3DFacial Recognitionprovides more accuracy because a real-time image of a face is captured and then processed by using a cloud database. 3D Facial Recognition uses facial contours to identify and analyse various features on a human face. It has an advantage over 2D facial recognition, such as ease in the detection of facial data from videos and 2D images, and is not much affected by illumination issues. 3D facial recognition software and services for facial recognition are especially used in healthcare IT solutions, payments, and commerce sectors.
In terms of the application, the access control segment has held the highest growth due to the growth in the number of companies worldwide, and companies are focusing on enhancing their access control systems by using facial recognition. Based on the end-user healthcare segment, face recognition has held the most significant growth owing to the rise in the adoption of face recognition so as to enhance efficacy and increase security.
The Asia-Pacific rules the regional segment due to the high usage of facial recognition in solving investigation cases.

The rise in investigation cases related to criminal activities, investments in security, and surveillance are the primary factors boosting the regional market growth. Developing economies like India, China, Japan, and Singapore are at the forefront of facial recognition technology as it is widely used in banking, financial services, insurance (BFSI), healthcare, government, defense, etc. Facial recognition is also widely used in airports, state borders, and other developing countries that also use facial recognition technology.
Product launches, innovations, strategic collaborations, mergers, and acquisitions are the major strategies of competitors.
The players in the global facial recognition market are fragmented. The key competitors in the Global Facial Recognition Market are Aware, Inc., NEC Corporation, FacePhi, IDEMIA, TECH5, Onfido, Ayonix Corporation, Gemalto NV, Cognitec Systems GmbH, NtechLab, and Precise Biometrics.
IDEMIA: IDEMIA is one of the key competitors in the global facial recognition market. In October 2019, IDEMIA announced the acquisition of X-Core Technologies. They are involved in the metal payment card business and associated patents. This acquisition was made by IDEMIA to expand its product portfolio.
FacePhi: FacePhi is a popular competitor in the global facial recognition market. In January 2020, FacePhi announced the acquisition of Ecertic. Both companies are involved in the metal payment card business and associated patents. This acquisition was made by IDEMIA to expand its product portfolio. The deal for the acquisition was made for USD 2.26 million.

Scope of the Report

By Technology
2D
3D
Facial Analytics

By Applications
Emotion Recognition
Access Control
Others

By End-User
Retail & E-commerce
Media & Entertainment
Healthcare
Government

By Region
North America
Europe
Asia Pacific
Rest Of World

Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
Chapter 1 Overview And Scope
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation

Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted

Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary

Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis

Chapter 5 Global Facial Recognition Market Forces
5.1 Whats Driving the Market
5.2 Porters Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Technology
5.2.5 Degree of Competition

Chapter 6 Global Facial Recognition Market -Industry Snapshots
6.1 Overview
6.1.1 Global Facial Recognition Market Value, 2019 - 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis

Chapter 7 Global Facial Recognition Market Analysis, by Technology
7.1 Overview
7.2 Key Findings for Facial Recognition Market- By Technology
7.2.1 Facial Recognition Market- 2D
7.2.2 Facial Recognition Market- 3D
7.2.3 Facial Recognition Market- Facial Analytics

Chapter 8 Global Facial Recognition Market Analysis, by Application
8.1 Overview
8.2 Key Findings for Facial Recognition Market- By Application
8.2.1 Facial Recognition Market- Emotion Recognition
8.2.2 Facial Recognition Market- Access Control
8.2.3 Facial Recognition Market- Others

Chapter 9 Global Facial Recognition Market Analysis, by End User
9.1 Overview
9.2 Key Findings for Facial Recognition Market- By End User
9.2.1 Facial Recognition Market- Retail & E-commerce
9.2.2 Facial Recognition Market- Media & Entertainment
9.2.3 Facial Recognition Market- Healthcare
9.2.4 Facial Recognition Market- Government

Chapter 10 Facial Recognition Market Analysis by Region
10.1 Key Findings for Facial Recognition Market- By region
10.2 Overview
10.2.1 Global Facial Recognition Market Analysis, By Technology, 2019 - 2028
10.2.2 Global Facial Recognition Market Analysis, By Application, 2019 - 2028
10.2.3 Global Facial Recognition Market Analysis, By End User, 2019 - 2028
10.3 Facial Recognition Market North America
10.3.1 Overview
10.3.2 U.S.
10.3.3 Canada
10.3.4 Mexico
10.3.5 North America Market, By Technology
10.3.6 North America Market, By Application
10.3.7 North America Market, By End User
10.4 Facial Recognition Market Europe
10.4.1 Overview
10.4.2 Germany
10.4.3 United Kingdom
10.4.4 France
10.4.5 Italy
10.4.6 Rest Of Europe
10.4.7 Europe Market, By Technology
10.4.8 Europe Market, By Application
10.4.9 Europe market by, End User
10.5 Facial Recognition Market Asia Pacific
10.5.1 Overview
10.5.2 China
10.5.3 Japan
10.5.4 India
10.5.5 Rest of APAC
10.5.6 Asia Pacific Market, By Technology
10.5.7 Asia Pacific Market, By Application
10.5.8 Asia Pacific Market, By End User
10.6 Facial Recognition Market Rest Of World
10.6.1 Overview
10.6.2 Middle East & Africa (MEA)
10.6.3 Latin America
10.6.4 Rest Of World
10.6.5 Latin America, Middle East and Africa Market, By Technology
10.6.6 Latin America, Middle East and Africa Market, By Application
10.6.7 Latin America, Middle East and Africa Market, By End User

Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
11.1.3 Recent Developments

Chapter 12 Company Profiles- Snapshot
12.1 Aware, Inc.
12.1.1 Business Fundamentals
12.1.2 Financial Snapshots
12.1.3 Technology Portfolio
12.1.4 Recent Developments
12.2 NEC Corporation
12.3 FacePhi
12.4 IDEMIA
12.5 TECH5
12.6 Onfido
12.7 Ayonix Corporation
12.8 Gemalto NV
12.9 Cognitec Systems GmbH
12.10 Precise Biometrics
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies

Chapter 13 Appendix

List Of Tables

TABLE 1 Facial Recognition market by Technology 1, 2019 - 2028 (USD Million)
TABLE 2 Facial Recognition market by Technology 2, 2019 - 2028 (USD Million)
TABLE 3 Facial Recognition market by Technology 3, 2019 - 2028 (USD Million)
TABLE 4 Facial Recognition market by Application 1, 2019 - 2028 (USD Million)
TABLE 5 Facial Recognition market by Application 2, 2019 - 2028 (USD Million)
TABLE 6 Facial Recognition market by Application 3, 2019 - 2028 (USD Million)
TABLE 7 Facial Recognition market by End User 1, 2019 - 2028 (USD Million)
TABLE 8 Facial Recognition market by End User 2, 2019 - 2028 (USD Million)
TABLE 9 Facial Recognition market by End User 3, 2019 - 2028 (USD Million)
TABLE 10 Facial Recognition market by End User 4, 2019 - 2028 (USD Million)
TABLE 11 Global Facial Recognition Market Value, By Technology, 2019 - 2028 (US$ Bn)
TABLE 12 Global Facial Recognition Market Value, By Application, 2019 - 2028 (US$ Bn)
TABLE 13 Global Facial Recognition Market Value, By End User, 2019 - 2028 (US$ Bn)
TABLE 14 Facial Recognition Market Analysis by North America (USD Million), 2019 - 2028
TABLE 15 U.S. Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 16 U.S. Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 17 U.S. Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 18 U.S. Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 19 Canada Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 20 Canada Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 21 Canada Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 22 Canada Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 23 Mexico Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 24 Mexico Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 25 Mexico Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 26 Mexico Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 27 Facial Recognition Market Analysis by Europe (USD Million), 2019 - 2028
TABLE 28 Germany Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 29 Germany Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 30 Germany Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 31 Germany Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 32 United Kingdom Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 33 United Kingdom Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 34 United Kingdom Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 35 United Kingdom Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 36 France Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 37 France Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 38 France Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 39 France Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 40 Italy Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 41 Italy Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 42 Italy Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 43 Italy Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 44 Rest Of Europe Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 45 Rest Of Europe Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 46 Rest Of Europe Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 47 Rest of Europe Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 48 Facial Recognition Market Analysis by Asia Pacific (USD Million), 2019 - 2028
TABLE 49 China Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 50 China Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 51 China Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 52 China Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 53 Japan Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 54 Japan Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 55 Japan Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 56 Japan Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 57 India Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 58 India Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 59 India Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 60 India Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 61 Rest of APAC Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 62 Rest of APAC Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 63 Rest of APAC Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 64 Rest of APAC Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 65 Facial Recognition Market Analysis by Rest Of World (USD Million), 2019 - 2028
TABLE 66 Middle East & Africa (MEA) Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 67 Middle East & Africa (MEA) Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 68 Middle East & Africa (MEA) Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 69 Middle East & Africa (MEA) Market, By End User, 2019 - 2028 (USD Million)
TABLE 70 Latin America Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 71 Latin America Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 72 Latin America Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 73 Latin America Facial Recognition Market, By End User, 2019 - 2028 (USD Million)
TABLE 74 Rest Of World Facial Recognition Market, 2019 - 2028 (USD Million)
TABLE 75 Rest Of World Facial Recognition Market, By Technology, 2019 - 2028 (USD Million)
TABLE 76 Rest Of World Facial Recognition Market, By Application, 2019 - 2028 (USD Million)
TABLE 77 Rest Of World Facial Recognition Market, By End User, 2019 - 2028 (USD Million)

List Of Figures

FIG. 1 Global Facial Recognition: Market Segmentation
FIG. 2 Global Facial Recognition Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Market Snapshot
FIG. 5 Porters Five Forces Analysis
FIG. 6 Global Facial Recognition Market Value, 2019 - 2028, (US$ Bn)
FIG. 7 Supply Chain/Value Chain Analysis
FIG. 8 Global Facial Recognition Market Value Contribution, By Technology, 2019 & 2026 (%)
FIG. 9 Global Facial Recognition Market Value Contribution, By Application, 2019 & 2026 (%)
FIG. 10 Global Facial Recognition Market Value Contribution, By End User, 2019 & 2026 (%)
FIG. 11 Global Facial Recognition Market Value, 2019 - 2028, (US$ Bn)
FIG. 12 North America Facial Recognition Market Value, 2019 - 2028, (US$ Bn)
FIG. 13 Facial Recognition Market Segment 1 North America
FIG. 14 Facial Recognition Market Segment 2 North America
FIG. 15 Facial Recognition Market Segment 3 North America
FIG. 16 Facial Recognition U.S. outlook, 2019 & 2026
FIG. 17 Facial Recognition Canada outlook, 2019 & 2026
FIG. 18 Facial Recognition Mexico outlook, 2019 & 2026
FIG. 19 Europe Facial Recognition Market Value, 2019 - 2028, (US$ Bn)
FIG. 20 Facial Recognition Market Segment 1 Europe
FIG. 21 Facial Recognition Market Segment 2 Europe
FIG. 22 Facial Recognition Market Segment 3 Europe
FIG. 23 Facial Recognition Germany outlook, 2019 & 2026
FIG. 24 Facial Recognition United Kingdom outlook, 2019 & 2026
FIG. 25 Facial Recognition France outlook, 2019 & 2026
FIG. 26 Facial Recognition Italy outlook, 2019 & 2026
FIG. 27 Facial Recognition Rest Of Europe outlook, 2019 & 2026
FIG. 28 Asia Pacific Facial Recognition Market Value, 2019 - 2028, (US$ Bn)
FIG. 29 Facial Recognition Market Segment 1 Asia Pacific
FIG. 30 Facial Recognition Market Segment 2 Asia Pacific
FIG. 31 Facial Recognition Market Segment 2 Asia Pacific
FIG. 32 Facial Recognition China outlook, 2019 & 2026
FIG. 33 Facial Recognition Japan outlook, 2019 & 2026
FIG. 34 Facial Recognition India outlook, 2019 & 2026
FIG. 35 Facial Recognition Rest of APAC outlook, 2019 & 2026
FIG. 36 Rest Of World Facial Recognition Market Value, 2019 - 2028, (US$ Bn)
FIG. 37 Facial Recognition Market Segment 1 Rest Of World
FIG. 38 Facial Recognition Market Segment 2 Rest Of World
FIG. 39 Facial Recognition Market Segment 3 Rest Of World
FIG. 40 Facial Recognition Middle East & Africa (MEA) outlook, 2019 & 2026
FIG. 41 Facial Recognition Latin America outlook, 2019 & 2026
FIG. 42 Facial Recognition Rest Of World outlook, 2019 & 2026


Companies Mentioned

Aware Inc.
FacePhi
NEC Corporation
IDEMIA
TECH5 SA
Onfido
Ayonix Corporation
Gemalto NV
Cognitec Systems GmbH
Fujitsu.

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