NORTH AMERICA FACIAL RECOGNITION MARKET 2019-2028

ICT | AI and IoT

NORTH AMERICA FACIAL RECOGNITION MARKET 2019-2028

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

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Triton Market Research has concluded that the North America facial recognition market would grow at a CAGR of 8.29% in the estimated years 2019-2028.


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The countries analyzed in the report on this market include:

           The United States

           Canada

Several US cities, such as Chicago, have installed surveillance cameras incorporated with facial recognition technology to track people in public spaces. Also, the federal government has been making use of these systems to identify financial fraud suspects. The rise in cases of terrorist attacks, in the last few years, have compelled the country’s governments to implement strong physical security strategies. The Federal Bureau of Investigation (FBI) operates the biggest facial recognition surveillance system in the United States. Its identification system maintains a database with images of over 117 million citizens. Using this technology, it performs an average monthly search of 4,055 for identifying individuals.

The Federal Trade Commission has put forth that, identity thefts concerning financial transactions and the BFSI sector have become increasingly prevalent in the US. Citizens largely prefer using online payment methods. Owing to this, the banks in the country are witnessing a surge in the number of data breach attempts. In 2017, out of the total 1,579 data breaches that took place, 8% were accounted for by banking institutes. Although this amount may not seem large, banks store sensitive customer data, which makes them a prime target of hackers. This has enhanced the demand for advanced authentication services like facial recognition. Vendors in the US market are, therefore, launching new solutions equipped with recognition technology. All these factors are aiding the growth of the US’ facial recognition market over the forecast period.

FaceFirst Inc is a manufacturer of face recognition software systems. It serves customers in the commercial security, airport & transportation, law enforcement, gaming, and intelligent signage industries. The US-based company is headquartered in Westlake Village, California. FaceFirst witnessed good Y-O-Y financial growth from 2017 to 2018, with an almost 50% increase in revenue.

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Table of Content

1.    NORTH 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. PORTERS 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.    NORTH AMERICA FACIAL RECOGNITION MARKET OUTLOOK – BY TECHNOLOGY      

3.1. 3D FACIAL RECOGNITION        

3.2. 2D FACIAL RECOGNITION        

3.3. FACIAL ANALYTICS        

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

5.1. UNITED STATES  

5.2. CANADA    

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

TABLE 2: MARKET ATTRACTIVENESS INDEX

TABLE 3: VENDOR SCORECARD

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

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

TABLE 6: NORTH 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: NORTH AMERICA FACIAL RECOGNITION MARKET, BY 3D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)

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

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

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

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

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

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

FIGURE 10: NORTH AMERICA 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)

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