Market By Technology, End-user, And Geography | Forecast 2019-2028
As per Triton's research report, the Middle East and African facial recognition market is anticipated to upsurge with a CAGR of 16.93% in the forecasting years of 2019-2028.
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The countries analyzed in the report on this market include:
•          South Africa
•          Saudi Arabia
•          The UAE
•          Turkey
•          Rest of MEA
The United Arab Emirates has been moving in the right direction in terms of the adoption of new technology. In 2018, Dubai Police announced installing tens of thousands of facial detection cameras ahead of its Expo 2020 event. These cameras were installed to catch criminal activity. With the help of these devices, verbal warnings were issued to suspected criminals, informing them that they were under surveillance. Thus, there is a large-scale adoption of facial recognition software in the UAE.
Scores of individuals consider facial recognition tech to be more accurate and reliable than fingerprint technology, to help reduce fraud. In 2019, cases of digital banking fraud increased by 20% in South Africa, as compared to 2018, according to SABRIC. Amid the Coronavirus pandemic, the country has faced several financial frauds. Therefore, in April, the South African Industrial Development Corporation (IDC) collaborated with iiDENTIFii, a company providing biometric authentication solutions, to help it mitigate financial crime with facial recognition and remote identity verification to reduce the cases of fraud.
During the same period, OneVault, a provider of governance solutions, partnered with the South African Fraud Prevention Service (SAFPS). The aim of this partnership was to develop a biometric-based solution for installation across call centers to detect fraud and form a centralized fraud database in the country. South Africa has, therefore, widely embraced facial detection technology. This is aiding the growth of its facial recognition market over the forecasting period.
Ayonix Corporation is a prominent face technology company. Its face recognition products can be used for surveillance systems, access control systems, computer security, customer management systems, banking, law enforcement applications, entertainment, and many more. Some of its solutions include Ayonix Facelogin, Ayonix Public Security, Ayonix Facematcher, Ayonix FaceID-SDK, and Ayonix Media Inspector. The company's face recognition systems and applications are completely developed by its R&D team and Application team.
Market by Technology (Data ana ..
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1.   MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET - SUMMARY
2.   INDUSTRY OUTLOOK
2.1. MARKET DEFINITIONÂ Â Â Â Â
2.2. KEY INSIGHTSÂ Â Â Â Â Â
2.2.1.  FACIAL RECOGNITION APPLICATION IN MOBILE SECURITY AND DRONESÂ
2.2.2.  EMERGENCE OF FACIAL ANALYTICS
2.3. IMPACT OF COVID-19 ON FACIAL RECOGNITIONÂ
2.4. PORTER’S FIVE FORCE ANALYSIS  Â
2.4.1.  THREAT OF NEW ENTRANTS  Â
2.4.2.  THREAT OF SUBSTITUTE          Â
2.4.3.  BARGAINING POWER OF BUYERS    Â
2.4.4.  BARGAINING POWER OF SUPPLIERS
2.4.5.  THREAT OF COMPETITIVE RIVALRY Â
2.5. MARKET ATTRACTIVENESS INDEXÂ Â
2.6. VENDOR SCORECARDÂ
2.7. MARKET DRIVERSÂ Â Â Â Â Â Â Â Â
2.7.1.  NEED FOR SURVEILLANCE SYSTEMS         Â
2.7.2.  INCREASING ADOPTION OF FACIAL RECOGNITION IN CONSUMER ELECTRONICS SECTOR   Â
2.7.3.  TECHNOLOGICAL ADVANCEMENTS IN RECOGNITION SYSTEMS
2.8. MARKET RESTRAINTSÂ Â
2.8.1.  PRIVACY ISSUESÂ
2.8.2.  HIGH ERROR RATES      Â
2.9. MARKET OPPORTUNITIESÂ Â Â Â Â Â Â
2.9.1.  INTEGRATION OF FACIAL BIOMETRICS IN SMART CARDS       Â
2.9.2.  COMMERCIALIZATION OF FACIAL RECOGNITION TECHNOLOGY
2.10. MARKET CHALLENGESÂ Â Â Â Â Â Â Â Â Â
2.10.1. LACK OF ESTABLISHED INTERNATIONAL STANDARDSÂ Â
2.10.2. COMPETITION FROM NON-BIOMETRICS TECHNOLOGIES
2.11. WORKFLOW OF FACIAL RECOGNITION SYSTEMSÂ Â Â Â Â Â Â Â
2.12. ADVANTAGES AND DISADVANTAGES OF FACIAL RECOGNITION SYSTEMSÂ Â Â Â Â Â Â Â
3.   MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET OUTLOOK – BY TECHNOLOGYÂ
3.1. 3D FACIAL RECOGNITIONÂ Â Â Â Â Â Â Â
3.2. 2D FACIAL RECOGNITIONÂ Â Â Â Â Â Â Â
3.3. FACIAL ANALYTICSÂ Â Â Â Â Â Â Â
4.   MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET OUTLOOK - BY END-USER    Â
4.1. SECURITY AND LAW ENFORCEMENTÂ Â Â Â Â Â Â Â Â
4.2. HEALTHCAREÂ Â Â Â Â Â
4.3. RETAILÂ Â Â Â Â Â Â
4.4. OTHER END-USERSÂ Â Â Â Â Â
5.   MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET – REGIONAL OUTLOOKÂ
5.1. UNITED ARAB EMIRATESÂ Â Â Â Â Â Â Â Â
5.2. TURKEYÂ Â Â Â Â
5.3. SAUDI ARABIAÂ Â Â Â Â
5.4. SOUTH AFRICAÂ Â Â
5.5. REST OF MIDDLE EAST & AFRICAÂ Â Â Â
6.   COMPETITIVE LANDSCAPE
6.1. 3M COMPANYÂ Â Â Â Â Â
6.2. COGNITEC SYSTEMS GMBHÂ Â Â
6.3. NEC CORPORATIONÂ Â Â Â Â Â
6.4. FACEFIRST INCÂ Â Â
6.5. NUANCE COMMUNICATIONS INC
6.6. CROSSMATCH TECHNOLOGIES Â Â Â Â
6.7. ANIMETRICS INCÂ
6.8. DAON INC
6.9. PANASONIC CORPORATIONÂ Â Â
6.10. GEMALTO NV (THALES GROUP)Â Â Â Â Â Â
6.11. AWARE INC
6.12. FACEPHI BIOMETRIC SAÂ Â Â Â Â Â Â Â
6.13. AYONIX CORPORATIONÂ Â Â Â Â Â Â Â Â
6.14. IDEMIA FRANCE SASÂ Â
6.15. ID3 TECHNOLOGIESÂ Â Â Â
7.   METHODOLOGY & SCOPE Â
7.1. RESEARCH SCOPE & DELIVERABLESÂ Â Â Â Â Â Â Â
7.2. SOURCES OF DATAÂ Â Â Â Â Â Â
7.3. RESEARCH METHODOLOGYÂ Â
TABLE 1: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2: MARKET ATTRACTIVENESS INDEX
TABLE 3: VENDOR SCORECARD
TABLE 4: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 5: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 6: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCE ANALYSIS
FIGURE 2: WORKFLOW OF FACIAL RECOGNITION SYSTEMS
FIGURE 3: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY 3D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)
FIGURE 4: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY 2D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)
FIGURE 5: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY FACIAL ANALYTICS, 2019-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY SECURITY AND LAW ENFORCEMENT, 2019-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND AFRICA FACIAL RECOGNITION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 11: UNITED ARAB EMIRATES FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 12: TURKEY FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 13: SAUDI ARABIA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 14: SOUTH AFRICA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 15: REST OF MIDDLE EAST & AFRICA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)