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Global Facial Recognition Market Size By Software, By End User, By Geographic Scope And Forecast

Published on: Apr 2021 | From USD $3750 | Published By: VERIFIED MARKET RESEARCH | Number Of Pages: 178

Facial Recognition Market Size and Forecast
Facial Recognition Market was valued at USD 3.04 Billion in 2019 and is projected to reach USD 9.95 Billion by 2027, growing at a CAGR of 15.87% from 2020 to 2027.

Global Facial Recognition Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The facial recognition system is increasingly being used to facilitate or control access by governments and law enforcement agencies to identify and authenticate a person for better security and safety of valuable assets and therefore fuelling its demand in the market. The rising adoption of a multi-factor authentication system which includes fingerprints, retina scans, and facial recognition has boosted the facial recognition market. Also, the rising innovations in facial recognition systems for applications in various fields are expected to provide an upthrust to the market in the coming years. Furthermore, facial recognition is widely being employed for surveillance applications in the public sector. Facial recognition acts as a key tool to help detect and locate human faces in images and videos, therefore surging its demand in the market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Facial Recognition Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Facial Recognition Market Competitive Landscape
The Global Facial Recognition Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as NEC Corporation, Aware, Cognitec Systems, Gemalto, Thales, Idemia, Leidos, Daon Inc.

TABLE OF CONTENT

1 INTRODUCTION OF GLOBAL FACIAL RECOGNITION MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL FACIAL RECOGNITION MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL FACIAL RECOGNITION MARKET, BY SOFTWARE
5.1 Overview
5.2 2D Facial Recognition
5.3 3D Facial Recognition
5.4 Facial Analytics

6 GLOBAL FACIAL RECOGNITION MARKET, BY END USER
6.1 Overview
6.2 Government and Defense
6.3 Healthcare
6.4 BFSI
6.5 Others

7 GLOBAL FACIAL RECOGNITION MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East

8 GLOBAL FACIAL RECOGNITION MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies

9 COMPANY PROFILES

9.1 NEC Corporation
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments

9.2 Aware
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments

9.3 Cognitec Systems
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments

9.4 Gemalto
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments

9.5 Thales
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments

9.6 Idemia
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments

9.7 Leidos
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments

9.8 Daon Inc
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments

10 Appendix
10.1 Related Research

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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