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Global Facial Recognition Market Will Reach At CAGR Of 22.53% Between 2017-2021 (Key vendors - 3M Cogent, Cognitec Systems, NEC)

Press release   •   Jul 17, 2017 04:48 EDT

Latest industry research report on: Global Facial Recognition Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

Facial recognition technology is used for the identification of an individual. Facial recognition system measures the overall facial features of a person, which includes the eyes, mouth, nose, and jaw edges. It is being used in high-security areas for control access. Facial recognition is largely used in the government, financial, transit, and aviation sectors to identify and authenticate individuals. Facial recognition systems are widely accepted as they are non-intrusive, and they can work from a distance of more than two feet.

Technavios analysts forecast the global facial recognition market to grow at a CAGR of 22.53% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global facial recognition market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of biometrics solutions, including hardware, software, integrated solutions, and services used in facial recognition systems.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Technavio's report, Global Facial Recognition Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • 3M Cogent
  • Cognitec Systems
  • NEC
  • Safran

Other prominent vendors

  • ArcSoft
  • Aurora Computer Services
  • Aware
  • FaceFirst
  • Fulcrum Biometrics
  • Gemalto
  • Google
  • Herta Security
  • Imagus Technology
  • KeyLemon
  • Lathem Time
  • Luxand
  • Netatmo
  • XiD Technologies

Market driver

Increasing instances of identity threats

For a full, detailed list, view our report

Market challenge

High cost of deployment

For a full, detailed list, view our report

Market trend

Integration of facial recognition in video surveillance

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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