Facial Recognition Market is Booming Worldwide According to a New Research Report

Facial Recognition Market is Booming Worldwide According to a New Research Report

Growing spending on security and surveillance systems across the globe will drive facial recognition market outlook. Facial recognition technology is showcasing immense potential for organisations that handle sensitive data and require strict security controls on who enters their facilities. Facial biometrics is widely integrated with physical devices and instead of using passwords, consumer electronics and mobile phones can now be accessed via facial features of the owner.

Moreover, rapid integration of cameras with facial recognition features along with rapid deployment of these cameras on streets to aid law enforcement agencies identify blacklisted individuals and criminals may boost industry growth over the coming years. Estimates suggests that global facial recognition market will exceed USD 12 billion in terms of annual valuation by 2026.

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3D face recognition systems have got fame due to their quality of offering enhanced accuracy over 2D systems. They ensure accurate identification by checking facial parameters like deepness of eyes and shape of the nose and chin in comparison with the available database of images. 3D systems provide correct results even in vague lights as they use facial constraints. These systems can also check parameters that 2D systems usually cannot track with accuracies such as changes in skin texture, or aging.

3D technology is mainly used for cross-border monitoring, identity management, and document verification. The features and benefits provided by the 3D face recognition systems will further propel the market growth in the coming years.

Facial recognition-based digital signage analyzes the efficiency in real-time and displays targeted advertisements. It can offer tailored promotional offers to attract potential customers. Estimates suggest that intelligent signage segment will gain traction with facial recognition as vendors adopt smart marketing to gain client insights and make the most of it for profits. Identification of buyer demographics to demonstrate relevant, collaborating, and personalized advertisements can be done with the help of interactive digital signage with facial recognition.

List of the Key Companies that are Operating in the Facial Recognition Market. They are as follows:

Accenture PLC, Animetrics Inc., AnyVision, Aware, Inc., Ayonix Corporation, Certibio, Cognitec Systems GmbH, Daon Inc., Face++, Facefirst Inc., Fujitsu Limited, Fulcrum Biometrics, Inc., Herta Security, HYPR Corp., IDEMIA, Key Lemon Ltd., Leidos, M2SYS, NEC Corporation, Nuance Communications, NtechLab, Panasonic Corporation, SmilePass, Stereovision Imaging, Inc., Thales Group

Facial recognition technology is gaining huge popularity in the healthcare sector for various applications. It can be used by doctors for tracking depressed patients by analyzing their facial expression using artificial intelligence capabilities. It can be deployed in hospitals to identify new patients, categorize regular patients, staff, and doctors. It can also be deployed to identity patients to speed up diagnosis and treatment and to track pain levels. As per a report, in February 2019, over 30 hospitals in Beijing installed cameras with facial recognition technology.

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Table Of Content:

Chapter 5.   Facial Recognition Market, By Component

5.1.  Key trends, by component

5.2.  Software

5.2.1.  Market estimates and forecast, 2016 - 2026

5.2.2.  2D facial recognition

5.2.2.1.   Market estimates and forecast, 2016 - 2026

5.2.3.  3D facial recognition

5.2.3.1.   Market estimates and forecast, 2016 - 2026

5.2.4.  Facial analytics

5.2.4.1.   Market estimates and forecast, 2016 – 2026

5.3.  Services

5.3.1.  Market estimates and forecast, 2016 – 2026

Chapter 6.   Facial Recognition Market, By Application

6.1.  Key trends, by application

6.2.  Criminal investigation

6.2.1.  Market estimates and forecast, 2016 - 2026

6.3.  Homeland security

6.3.1.  Market estimates and forecast, 2016 – 2026

6.4.  ID management, attendance tracking & monitoring

6.4.1.  Market estimates and forecast, 2016 – 2026

6.5.  Intelligent signage

6.5.1.  Market estimates and forecast, 2016 – 2026

6.6.  Photo indexing & sorting

6.6.1.  Market estimates and forecast, 2016 – 2026

6.7.  Physical security

6.7.1.  Market estimates and forecast, 2016 – 2026

6.8.  Others

6.8.1.  Market estimates and forecast, 2016 – 2026

Chapter 7.   Facial Recognition Market, By End-Use

7.1.  Key trends, by end-use

7.2.  Aerospace & defense

7.2.1.  Market estimates and forecast, 2016 - 2026

7.3.  Automotive

7.3.1.  Market estimates and forecast, 2016 - 2026

7.4.  BFSI

7.4.1.  Market estimates and forecast, 2016 - 2026

7.5.  Education

7.5.1.  Market estimates and forecast, 2016 - 2026

7.6.  Healthcare

7.6.1.  Market estimates and forecast, 2016 - 2026

7.7.  Retail & e-commerce

7.7.1.  Market estimates and forecast, 2016 - 2026

7.8.  Government

7.8.1.  Market estimates and forecast, 2016 – 2026

7.9.  Others

7.9.1.  Market estimates and forecast, 2016 – 2026

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