Facial Recognition Expand to the Global Market

Posted April 1, 2020 by Steveblade

According to Goldstein Market Intelligence's latest report, the global facial recognition market is expected to reach USD 9.75 billion by 2024.
According to Goldstein Market Intelligence latest report, global facial recognition market is expected to reach USD 9.75 billion by 2024, growing at a CAGR of 14.0% over the forecast period through 2024. The growing demand of surveillance and security system majorly from the civil government sectors on the back of rising criminal cases is driving the growth of global facial recognition market.
Government sector accounted for largest market share for the application of facial recognition system. It is followed by enterprise sector, witnessing increasing installation of facial recognition system for tracking and monitoring purpose. Global facial recognition market is largely dominated by North America with 45.5% market share in 2016 on the back of improving criminal investigation. Further, Asia-Pacific region is expected to grow at a CAGR of 14.6% over the forecast period.
Analysts at Goldstein Research also reveal that facial analytics is one of the newest trends that will gain traction in the facial recognition market in the coming years. It provides high level security in both public as well as private sectors such as homeland security and criminal investigation.
The Report is Available @ https://www.goldsteinresearch.com/report/global-facial-recognition-market
Market Segmentation
Global Facial Recognition Market has been segmented as follows:
By Component
Handheld Device
Integrated Device
Training & Consulting Service
Cloud Based Facial Recognition Services
By Technology
Facial recognition software and Software Development Kit (SDK)
Solution type
Modeling and restructuring
Analytics solutions
By Application
Emotion recognition
Attendance tracking and monitoring
Access control
Law enforcement
Others (robotics and eLearning)
By End-User
Homeland Security
Banking, Financial services, and Insurance
Other end-users (casinos, public places, automotive, mobile application, and home security systems)
By Region
North America (US, Canada)
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
Latin America (Brazil, Mexico and Rest of Latin America)
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
Rest of the World
Global Facial Recognition Market Report by Goldstein Market Intelligence contains detailed overview of the global facial recognition market.
Further, it encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Aware, NEC Corporation, Ayonix Corp., Cognitec Systems, KeyLemon, nViso, Herta Security, Techno Brain, Neurotechnology, Daon, Animetrics, 3M Company, IDEMIA, Gemalto, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global facial recognition market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Request for market report sample @ https://www.goldsteinresearch.com/request-sample/global-facial-recognition-market
About Goldstein Market Intelligence
Goldstein Market Intelligence helping businesses to be successful at strategy and take informed decisions to grow the business in future. Goldstein Market Intelligence is one of the leading professional services firms, providing Intelligence Services, Consulting & Advisory and research related services to clients. We, at Goldstein Intelligence Group (GIG) practice works side by side with chief executives and their teams to create effective strategies and secure alignment across the organisation. Goldstein Intelligence Group (GIG), a network of worldwide professional services firms, as a leading group with a strong commitment to establishing itself as a truly global-minded professional firm that can provide professional services across the world.
Contact for More Info
Dennis Abraham
Global Sales Head
Email(US)- [email protected]
UK- +44-7520 644482
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Categories Technology
Tags facial recognition market , facial recognition market analysis , facial recognition market demand , facial recognition market report
Last Updated April 1, 2020