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Global Facial Recognition Market Forecast up to 2025

  • Published Date: 15 Jun 2019
  • Number of Pages: 75
  • Category: Security
  • Country: Global
Global Facial Recognition Market Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025
Facial Recognition Market is approximately USD 5 billion market that is expected to double by 2025
Facial recognition market is experiencing a sudden boom due to proliferation of facial recognition software and sensors in top end smartphones of all major companies. The market is driven mostly by companies and government organizations that are trying to digitize certain mundane everyday activities such as attendance to save time and eliminate human interference. The facial recognition market is estimated to be ~USD 4.3 billion in 2018 and growing at a CAGR of ~13.5% during the forecast period of 20192025.
Facial recognition solution includes sensors, integrated devices, and cameras as hardware that reads faces and recognizes certain focal points analyses of the face through 2D or 3D facial recognition software. This tool can be used for various purposes such as access management or attendance management or verification processes. This tool is very handy and saves time over other verification or attendance management solutions such as finger print technology, iris scan or manual ledger technology using signatures as facial recognition technology saves time and is also automated to read the facial features while entering a premises/location and need not allocate a particular amount of time for verification processes.
This report includes revenue generated from software, hardware, and services also as all the three entities are vital for the organizations to implement this system. Facial recognition in many cases is also being used as a secondary verification process apart from finger print and manual method as the system is still in early stages. The system is expected to be fool proof within the forecast period and can also be main method for verification or access management surpassing other verification processes. Currently, the facial recognition is a minor part of the verification process market and that is estimated to lead and hold a major share of this market.
The facial recognition services such as cloud based facial recognition services and training, implementation, and consulting also contribute to the market size as these services are increasingly being used mostly in developing regions. In these regions the training module is a necessity and also the consultation services as each company requires to modify the system as per the needs. The tailor-made solutions for SMBs is a vital part of the revenue generation stream for the facial recognition services market.
Among the various industries in which facial recognition is being implemented, BFSI is widely accounting to the largest share of the facial recognition market as mobile banking is widely being adopted globally and the facial recognition software is being opted as the suitable option for banking verification due to its ease of use along with time saving capabilities. The eradication of physical IDs for verification is another reason that is helping the facial recognition market.
Government institutions globally are increasingly adopting this system for security purposes. For instances such as public gatherings, government institutions such as police ensure that no individuals with a crime track record be present in the event. In such cases, facial recognition will be used as time to recognize face and permit a person is negligible and in this way large crowds can be handled and scrutinized. Police verifications will also be drastically changed as facial recognition will verify segregate wanted people from large crowds.
Retail has been implementing this software widely as it is looking to personalize and increase customer engagement. Retail companies are making use of this system to recognize repeat customers and analyze their buying patterns and configure ads personalized to the buyer to increase sales. The industry is gaining traction mainly in the developed regions and still must attain foot hold in the developing countries. The developing countries are slow in adopting these systems, specially the retail sector due to the reluctance of companies to try new technologies unless proved in the developed countries.
Based on geography, North America is expected to have the highest market share in the facial recognition market due to technological advancements and also housing most of the top fortune 500 companies and tech giants headquartered in the region. US contributes the major share of the North American regional market share.
APAC region is expected to be the fastest growing market among the regions due to the market potential and the initiatives taken by the governments in the region to digitize services and provide citizen centric services.
Facial recognition market is primarily dominated by major companies including NEC, Herta Security, NViso, 3M, and Kairos. However, there are some cloud players that are gaining pace in the market with their related infrastructure already ready and helping them to acquire new clients such as IBM and AWS. Due to their brand image and expertise on cloud-based services, the products are easier to be targeted to clients and help in gaining market share.
There are other companies that are making their presence felt in this segment and have the potential to topple any of the market leaders are Gemalto, Cognitec Systems, Aware, IDEMIA, Ayonix, etc. In this report, the companies mentioned above are profiled extensively with many strategic initiatives listed and analyzed.
Publisher Name : Infoholic Research



1Executive Summary
1.1Synopsis of Key Findings
2Industry Outlook
2.1Industry Snapshot
2.1.1Industry Overview
2.1.2Industry Trends
3Market Snapshot
3.1Total Addressable Market
3.2Segmented Addressable Market
3.3PEST Analysis
3.4Porters Five Force Analysis
3.5Related Markets
4Market Characteristics
4.1Market Evolution
4.1.1Ecosystem
4.2Market Trends and Impact
4.3Value Chain Analysis
4.4Market Segmentation
4.5Market Dynamics
4.5.1Market Drivers
4.5.2Market Restraints
4.5.3Market Opportunities
4.5.4DRO Impact Analysis
5Market By Component Market Size and Analysis
5.1Overview
5.2Hardware
5.2.1Cameras
5.2.2Sensors
5.2.3Handheld and Integrated Devices
5.3Software
5.3.13D Facial Recognition
5.3.22D Facial Recognition
5.4Services
5.4.1Training and Consulting
5.4.2Cloud-Based Facial Recognition Services
6Market By Industry Market Size and Analysis
6.1Overview
6.2BFSI
6.3Military and Defense
6.4Government
6.5Hospitality
6.6Retail and Ecommerce
6.7Others
7Market By Geography
7.1Overview
7.2North America
7.2.1US
7.2.2Canada
7.3Europe
7.3.1Western Europe
7.3.2Eastern Europe
7.4APAC
7.4.1India
7.4.2Singapore
7.4.3Rest of APAC
7.5Rest of the World
7.5.1Latin America
7.5.2Middle East and Africa
8Competitive Landscape
8.1Competitor Analysis
8.2Product/Offerings Portfolio Analysis
8.3Market Developments
8.3.1Mergers & Acquisitions (M&A), Expansions, and Partnerships
8.3.2Business Restructuring
8.3.3Product Launches & Exhibitions
9Vendor Profiles
9.1NEC
9.2Herta Security
9.3NViso
9.43M
9.5Kairos
(Overview, products, recent developments, and business strategy for all vendors; the vendors list provided is tentative and may change/increase during the time of study)
10Companies to Watch for
10.1Gemalto
10.2Amazon Web Services
10.3Cognitec Systems
10.4IBM
10.5Aware
10.6IDEMIA
10.7Ayonix
11Annexure
11.1Report Scope
11.2Market Definition
11.3Research Methodology
11.3.1Data Collation & In-house Estimation
11.3.2Market Triangulation
11.3.3Forecasting
11.4Report Assumptions
11.5Study Declarations
11.6Stakeholders
11.7Abbreviations
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List Of Tables



TABLE 1KEY FACTS ABOUT FACIAL RECOGNITION INDUSTRY 2018
TABLE 2GLOBAL FACIAL RECOGNITION MARKET 20182025
TABLE 3GLOBAL FACIAL RECOGNITION MARKET, BY COMPONENT, 20182025
TABLE 4GLOBAL FACIAL RECOGNITION MARKET, BY HARDWARE, 20182025
TABLE 5GLOBAL FACIAL RECOGNITION MARKET, BY SOFTWARE, 20182025
TABLE 6GLOBAL FACIAL RECOGNITION MARKET, BY SERVICES 20182025
TABLE 7GLOBAL FACIAL RECOGNITION MARKET, BY END-USER, 20182025
TABLE 8GLOBAL FACIAL RECOGNITION MARKET, BY GEOGRAPHY, 20182025
TABLE 9FACIAL RECOGNITION MARKET IN NORTH AMERICA, 20182025
TABLE 10FACIAL RECOGNITION MARKET IN EUROPE, 20182025
TABLE 11FACIAL RECOGNITION MARKET IN APAC, 20182025
TABLE 12FACIAL RECOGNITION MARKET IN ROW, 20182025
TABLE 13MAJOR COMPANIES AND THEIR OPERATIONS
TABLE 14PRODUCT/OFFERINGS: GLOBAL FACIAL RECOGNITION MARKET
TABLE 15MERGER & ACQUISITION, 20132017
TABLE 16EXPANSIONS, 20132017
TABLE 17BUSINESS RESTRUCTURING, 20132017
TABLE 18NEC: OVERVIEW
TABLE 19NEC: STRATEGIC SNAPSHOT
TABLE 20NEC: PRODUCT/SERVICE PORTFOLIO
TABLE XXXX: XXX
TABLE XXXX: XXX
TABLE XXXX: XXX
TABLE XXRESEARCH METHODOLOGY OF GLOBAL FACIAL RECOGNITION MARKET: DATA COLLATION
TABLE XXRESEARCH METHODOLOGY OF GLOBAL FACIAL RECOGNITION MARKET: TRIANGULATION
TABLE XXRESEARCH METHODOLOGY OF GLOBAL FACIAL RECOGNITION MARKET: FORECASTING
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List Of Figures



CHART 1 GLOBAL FACIAL RECOGNITION MARKET
CHART 2GLOBAL FACIAL RECOGNITION MARKET REVENUE, 20182025
CHART 5PEST ANALYSIS: GLOBAL FACIAL RECOGNITION MARKET
CHART 6PORTERS 5 FORCE ANALYSIS: GLOBAL FACIAL RECOGNITION MARKET
CHART 7FACIAL RECOGNITION MARKET ECOSYSTEM
CHART 8SEGMENTATION: GLOBAL FACIAL RECOGNITION MARKET
CHART 9MARKET DYNAMICS DRIVERS, RESTRAINTS & OPPORTUNITIES
CHART 10DRO IMPACT ANALYSIS: GLOBAL FACIAL RECOGNITION MARKET
CHART 11GLOBAL FACIAL RECOGNITION MARKET, BY COMPONENT, 2018
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CHART 18GLOBAL FACIAL RECOGNITION MARKET, BY GEOGRAPHY, 2018
CHART XX XXXXXXXXXXXXXXXXX
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CHART XXFACIAL RECOGNITION MARKET IN APAC, MARKET VALUE, 20182025
CHART XXFACIAL RECOGNITION MARKET IN NORTH AMERICA, MARKET VALUE, 20182025
CHART XXFACIAL RECOGNITION MARKET IN EUROPE, MARKET VALUE, 20182025
CHART XXFACIAL RECOGNITION MARKET IN ROW, MARKET VALUE, 20182025
CHART XXMAJOR STAKEHOLDERS IN THE MARKET
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CHART XX XXXXXXXXXXXXXXXXX

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