GLOBAL FACIAL RECOGNITION MARKET 2019-2028

ICT | AI and IoT

GLOBAL FACIAL RECOGNITION MARKET 2019-2028

Market By Technology, End-user, And Geography | Forecast 2019-2028

Request For Customization

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

Triton Market Research predicts that the global facial recognition market would rise with a CAGR of 14.30% during the forecast period 2019-2028. The market was valued at $3367.98 million in the year 2019, and is expected to rise to a revenue of about $11214.55 million by the year 2028.

A biometrics software that is used for individual authentication and identification is known as facial recognition. The authentication and identification process is carried out by comparing the facial features of an individual that are stored in a database.



Report scope can be customized per your requirements. Request For Customization

Triton Market Research's report on the facial recognition market provides an in-depth insight into the market. The detailed analysis of the market includes key market insights, Porter's five force analysis, and market attractiveness index.  

Factors such as the need for surveillance systems, the increasing adoption of facial recognition in the consumer electronics sector, and technological advancements in recognition systems are expected to foster the growth of the market during the forecast period. The advancements in facial recognition software, such as SDK, have improved the accuracy of recognizing facial features. The increased awareness amongst users and improved quality of products are likely to lead to increased adoption of facial recognition software globally. 

Furthermore, the integration of facial biometrics in smart cards and the commercialization of facial recognition technology are expected to act as some opportunities for the market. IoT can be used to maintain residential and enterprise security. Since a facial scanner is embedded in mobile devices, it can be used for the authentication of individuals to allow them access to residential systems, including lighting systems and door locks.

Facial recognition systems, which are used instead of PINs and passwords, act as authorization systems for a number of processes. Any variance in the behavioral patterns of end-users can prevent their authorized access to secure premises. Accuracy issues in facial biometrics patterns can result in a false rejection. One such issue that lies with the enrollment process is poor-quality images, called the failure to enroll rate. The accuracy of facial recognition systems is also affected by the changing structure of a person's face as they age. Furthermore, privacy issues, the lack of established international standards, and competition from non-biometric technologies are some of the key restraining factors of the facial recognition market.



Key geographies covered in the global facial recognition market are:

           North America: United States and Canada

           Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe

           Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries, and Rest of Asia-Pacific

           Latin America: Brazil, Mexico, and Rest of Latin America

           Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa

The report on the global facial recognition market includes segmentation analysis on the basis of technology and end-user.

           Market by Technology:

O         3D Facial Recognition

O         2D Facial Recognition

O         Facial Analytics

           Market by End-user:

O         Security and Law Enforcement

O         Healthcare

O         Retail

O         Other

The key companies profiled in the facial recognition market report include ID3 Technologies, Crossmatch Technologies, Daon Inc, Ayonix Corporation, Panasonic Corporation, Idemia France SAS, 3M Company, Nuance Communications Inc, Animetrics Inc, Facephi Biometric SA, NEC Corporation, Cognitec Systems GmbH, Gemalto NV (Thales Group), Aware Inc, and Facefirst Inc.

Related Reports

AFRICA MOBILE PAYMENT MARKET 2019-2027
ICT

AFRICA MOBILE PAYMENT MARKET 2019-2027

Market By Medium, Type, Applic ..

VIEW REPORT
ASIA PACIFIC BIOMETRICS MARKET 2019-2027
ICT

ASIA PACIFIC BIOMETRICS MARKET 2019-2027

Market By Type, End-users, Tec ..

VIEW REPORT
ASIA-PACIFIC 3D PRINTING MARKET 2019-2027
ICT

ASIA-PACIFIC 3D PRINTING MARKET 2019-2027

Market By Component, Technolog ..

VIEW REPORT
ASIA-PACIFIC 4D PRINTING MARKET 2019-2028
ICT

ASIA-PACIFIC 4D PRINTING MARKET 2019-2028

Market By Material, Industry V ..

VIEW REPORT
ASIA-PACIFIC 5G CHIPSET MARKET 2019-2025
ICT

ASIA-PACIFIC 5G CHIPSET MARKET 2019-2025

Market By Product, IC Type, In ..

VIEW REPORT
ASIA-PACIFIC 5G INFRASTRUCTURE MARKET 2019-2025
ICT

ASIA-PACIFIC 5G INFRASTRUCTURE MARKET 2019-2025

Market By Communication Infras ..

VIEW REPORT
ASIA-PACIFIC ADAPTIVE SECURITY MARKET 2019-2027
ICT

ASIA-PACIFIC ADAPTIVE SECURITY MARKET 2019-2027

Market By Type Of Offering, De ..

VIEW REPORT

Table of Content

1.    GLOBAL FACIAL RECOGNITION MARKET - SUMMARY           

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION     

2.2. KEY INSIGHTS      

2.2.1.   FACIAL RECOGNITION APPLICATION IN MOBILE SECURITY AND DRONES 

2.2.2.   EMERGENCE OF FACIAL ANALYTICS

2.3. IMPACT OF COVID-19 ON FACIAL RECOGNITION 

2.4. PORTER’S FIVE FORCE ANALYSIS   

2.4.1.   THREAT OF NEW ENTRANTS   

2.4.2.   THREAT OF SUBSTITUTE           

2.4.3.   BARGAINING POWER OF BUYERS     

2.4.4.   BARGAINING POWER OF SUPPLIERS

2.4.5.   THREAT OF COMPETITIVE RIVALRY  

2.5. MARKET ATTRACTIVENESS INDEX  

2.6. VENDOR SCORECARD 

2.7. MARKET DRIVERS         

2.7.1.   NEED FOR SURVEILLANCE SYSTEMS          

2.7.2.   INCREASING ADOPTION OF FACIAL RECOGNITION IN CONSUMER ELECTRONICS SECTOR    

2.7.3.   TECHNOLOGICAL ADVANCEMENTS IN RECOGNITION SYSTEMS

2.8. MARKET RESTRAINTS  

2.8.1.   PRIVACY ISSUES 

2.8.2.   HIGH ERROR RATES       

2.9. MARKET OPPORTUNITIES       

2.9.1.   INTEGRATION OF FACIAL BIOMETRICS IN SMART CARDS        

2.9.2.   COMMERCIALIZATION OF FACIAL RECOGNITION TECHNOLOGY

2.10. MARKET CHALLENGES          

2.10.1.  LACK OF ESTABLISHED INTERNATIONAL STANDARDS  

2.10.2. COMPETITION FROM NON-BIOMETRICS TECHNOLOGIES

2.11. WORKFLOW OF FACIAL RECOGNITION SYSTEMS        

2.12. ADVANTAGES AND DISADVANTAGES OF FACIAL RECOGNITION SYSTEMS        

3.    GLOBAL FACIAL RECOGNITION MARKET OUTLOOK – BY TECHNOLOGY

3.1. 3D FACIAL RECOGNITION        

3.2. 2D FACIAL RECOGNITION        

3.3. FACIAL ANALYTICS        

4.    GLOBAL FACIAL RECOGNITION MARKET OUTLOOK - BY END-USER       

4.1. SECURITY AND LAW ENFORCEMENT         

4.2. HEALTHCARE      

4.3. RETAIL       

4.4. OTHER END-USERS      

5.    GLOBAL FACIAL RECOGNITION MARKET – REGIONAL OUTLOOK 

5.1. NORTH AMERICA

5.1.1.   MARKET BY TECHNOLOGY       

5.1.2.   MARKET BY END-USER 

5.1.3.   COUNTRY ANALYSIS      

5.1.3.1. UNITED STATES       

5.1.3.2. CANADA         

5.2. EUROPE    

5.2.1.   MARKET BY TECHNOLOGY       

5.2.2.   MARKET BY END-USER 

5.2.3.   COUNTRY ANALYSIS      

5.2.3.1. UNITED KINGDOM    

5.2.3.2. GERMANY      

5.2.3.3. FRANCE          

5.2.3.4. SPAIN  

5.2.3.5. ITALY    

5.2.3.6. RUSSIA

5.2.3.7. REST OF EUROPE   

5.3. ASIA-PACIFIC       

5.3.1.   MARKET BY TECHNOLOGY       

5.3.2.   MARKET BY END-USER 

5.3.3.   COUNTRY ANALYSIS      

5.3.3.1. CHINA  

5.3.3.2. JAPAN 

5.3.3.3. INDIA    

5.3.3.4. SOUTH KOREA         

5.3.3.5. ASEAN COUNTRIES

5.3.3.6. AUSTRALIA & NEW ZEALAND      

5.3.3.7. REST OF ASIA-PACIFIC      

5.4. LATIN AMERICA  

5.4.1.   MARKET BY TECHNOLOGY       

5.4.2.   MARKET BY END-USER 

5.4.3.   COUNTRY ANALYSIS      

5.4.3.1. BRAZIL

5.4.3.2. MEXICO           

5.4.3.3. REST OF LATIN AMERICA 

5.5. MIDDLE EAST AND AFRICA     

5.5.1.   MARKET BY TECHNOLOGY       

5.5.2.   MARKET BY END-USER 

5.5.3.   COUNTRY ANALYSIS      

5.5.3.1. UNITED ARAB EMIRATES  

5.5.3.2. TURKEY          

5.5.3.3. SAUDI ARABIA          

5.5.3.4. SOUTH AFRICA         

5.5.3.5. REST OF MIDDLE EAST & AFRICA          

6.    COMPETITIVE LANDSCAPE

6.1. 3M COMPANY      

6.2. COGNITEC SYSTEMS GMBH   

6.3. NEC CORPORATION      

6.4. FACEFIRST INC   

6.5. NUANCE COMMUNICATIONS INC      

6.6. CROSSMATCH TECHNOLOGIES     

6.7. ANIMETRICS INC 

6.8. DAON INC  

6.9. PANASONIC CORPORATION   

6.10. GEMALTO NV (THALES GROUP)      

6.11. AWARE INC        

6.12. FACEPHI BIOMETRIC SA        

6.13. AYONIX CORPORATION         

6.14. IDEMIA FRANCE SAS  

6.15. ID3 TECHNOLOGIES    

7.    METHODOLOGY & SCOPE  

7.1. RESEARCH SCOPE & DELIVERABLES        

7.2. SOURCES OF DATA       

7.3. RESEARCH METHODOLOGY  

List of Tables

TABLE 1: GLOBAL FACIAL RECOGNITION MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS INDEX

TABLE 3: VENDOR SCORECARD

TABLE 4: GLOBAL FACIAL RECOGNITION MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

TABLE 5: GLOBAL FACIAL RECOGNITION MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 6: GLOBAL FACIAL RECOGNITION MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)

TABLE 7: NORTH AMERICA FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA FACIAL RECOGNITION MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

TABLE 9: NORTH AMERICA FACIAL RECOGNITION MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 10: EUROPE FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 11: EUROPE FACIAL RECOGNITION MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

TABLE 12: EUROPE FACIAL RECOGNITION MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 14: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

TABLE 15: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 16: LATIN AMERICA FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 17: LATIN AMERICA FACIAL RECOGNITION MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

TABLE 18: LATIN AMERICA FACIAL RECOGNITION MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 19: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 20: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

TABLE 21: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCE ANALYSIS

FIGURE 2: WORKFLOW OF FACIAL RECOGNITION SYSTEMS

FIGURE 3: GLOBAL FACIAL RECOGNITION MARKET, BY 3D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)

FIGURE 4: GLOBAL FACIAL RECOGNITION MARKET, BY 2D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)

FIGURE 5: GLOBAL FACIAL RECOGNITION MARKET, BY FACIAL ANALYTICS, 2019-2028 (IN $ MILLION)

FIGURE 6: GLOBAL FACIAL RECOGNITION MARKET, BY SECURITY AND LAW ENFORCEMENT, 2019-2028 (IN $ MILLION)

FIGURE 7: GLOBAL FACIAL RECOGNITION MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)

FIGURE 8: GLOBAL FACIAL RECOGNITION MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)

FIGURE 9: GLOBAL FACIAL RECOGNITION MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)

FIGURE 10: GLOBAL FACIAL RECOGNITION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 11: UNITED STATES FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 12: CANADA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 13: UNITED KINGDOM FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 14: GERMANY FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 15: FRANCE FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 16: SPAIN FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 17: ITALY FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 18: RUSSIA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 19: REST OF EUROPE FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 20: CHINA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 21: JAPAN FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 22: INDIA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: SOUTH KOREA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 24: ASEAN COUNTRIES FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 25: AUSTRALIA & NEW ZEALAND FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 26: REST OF ASIA-PACIFIC FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 27: BRAZIL FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 28: MEXICO FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 29: REST OF LATIN AMERICA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 30: UNITED ARAB EMIRATES FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 31: TURKEY FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 32: SAUDI ARABIA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 33: SOUTH AFRICA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 34: REST OF MIDDLE EAST & AFRICA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$2,750.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$4,000.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

SUBMIT REQUEST
Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying