LATIN AMERICA FACIAL RECOGNITION MARKET 2019-2028

ICT | AI and IoT

LATIN AMERICA 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

According to Triton, the facial recognition market in Latin America is expected to proliferate with a CAGR of 16.24% in the forecast period of 2019-2028.



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

The countries reviewed in this market include:

           Brazil

           Mexico

           Rest of Latin America countries

Data management technologies and computing capabilities have majorly evolved over the last ten years. Thus, artificial intelligence (AI) has gained immense prominence in today's world. Be it cashier-less grocery stores or self-driving cars, AI has brought about a major technological revolution. Since the past few years, Brazil has been increasingly investing in the development of AI. The country's government recently announced that it would be working on building a network of eight R&D facilities focusing on AI applications.

Brazil has also adopted facial recognition technology, and it was actively used at the Carnival, the annual national fest. In 2019, the face recognition systems were deployed on the streets on a small scale. However, in 2020, these systems were rolled out at a much larger scale, throughout six capitals across the country. The technology for identifying people by scanning their facial features is used for cataloging the data obtained from millions of people partying on the streets as well as the "sambadromes," the place at which the world-famous parade is held.

Not only that, but this technology is also used to nab wanted criminals. Further, dozens of cameras supporting facial recognition tech have been set across São Paulo, Brazil's largest urban center, which automatically sends the captured images to the police database. These examples indicate the high rate of adoption of facial recognition software and systems in Brazil. This is fueling the growth of the country's market over the forecasting period.

Aware Inc provides biometric software and services. AwareABIS and BioSP, which is a Biometric Services Platform, are some of its well-known solutions. It caters to the government and commercial sectors. In February 2020, the company announced that its solution, 'Knomi,' is in the process of being adopted by several leading banks across Latin America for biometric authentication. Knomi uses facial recognition techniques to identify users logging into their mobile banking app, thereby eliminating the need for passwords and PINs.

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.    LATIN AMERICA 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.    LATIN AMERICA FACIAL RECOGNITION MARKET OUTLOOK – BY TECHNOLOGY         

3.1. 3D FACIAL RECOGNITION        

3.2. 2D FACIAL RECOGNITION        

3.3. FACIAL ANALYTICS        

4.    LATIN AMERICA 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.    LATIN AMERICA FACIAL RECOGNITION MARKET – REGIONAL OUTLOOK

5.1. BRAZIL       

5.2. MEXICO      

5.3. REST OF LATIN AMERICA        

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

TABLE 2: MARKET ATTRACTIVENESS INDEX

TABLE 3: VENDOR SCORECARD

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

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

TABLE 6: LATIN AMERICA FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCE ANALYSIS

FIGURE 2: WORKFLOW OF FACIAL RECOGNITION SYSTEMS

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

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

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

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

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

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

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

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

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

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

FIGURE 13: REST OF LATIN AMERICA 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

$1,500.00

  • 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

$2,200.00

  • 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

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying