Table of Content

1 INTRODUCTION 9
1.1 INTRODUCTION TO COVID-19 9
1.2 COVID-19 HEALTH ASSESSMENT 9
1.3 COVID-19 ECONOMIC ASSESSMENT 11
1.3.1 COVID-19 ECONOMIC IMPACT – SCENARIO ASSESSMENT 11

2 RESEARCH METHODOLOGY 15
2.1 INTRODUCTION 15
2.1.1 OBJECTIVES OF THE STUDY 15
2.1.2 DEFINITION 15
2.1.3 INCLUSIONS/EXCLUSIONS 15
2.2 RESEARCH ASSUMPTIONS 16
2.3 DATA TRIANGULATION 17
2.4 PRIMARY DATA 17
2.5 STAKEHOLDERS 18

3 EXECUTIVE SUMMARY 19

4 IMPACT ON THE ECOSYSTEM AND EXTENDED ECOSYSTEM 21
4.1 FACIAL RECOGNITION ECOSYSTEM ANALYSIS, BY STAKEHOLDER 21
4.1.1 TECHNOLOGY PROVIDERS 21
4.2 COVID-19 PANDEMIC-DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS 22
4.2.1 DRIVERS AND OPPORTUNITIES 22

5 BUSINESS IMPLICATIONS OF COVID-19 ON
THE FACIAL RECOGNITION MARKET 26
5.1 IMPLICATION ON TECHNOLOGY SEGMENTS (
PESSIMISTIC, PRE-COVID, & OPTIMISTIC SCENARIOS) 27
5.1.1 COMPONENT FORECAST, 2020-2021 27
5.1.1.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID/PESSIMISTIC) 27
5.1.2 SERVICES FORECAST, 2020-2021 28
5.1.2.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 28

6 COVID-19 IMPACT ON MAJOR VERTICALS WITH USE CASES AND
HOW CLIENTS ARE RESPONDING TO THE CURRENT SITUATION 29
6.1 BANKING, FINANCIAL SERVICES, AND INSURANCE 29
6.1.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 29
6.1.2 KEY USE CASES 29
6.1.3 MNM VIEWPOINT (VERTICAL’S RESPONSE TO COVID-19) 30
6.2 GOVERNMENT AND DEFENSE 30
6.2.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 30
6.2.2 KEY USE CASES 31
6.2.3 MNM VIEWPOINT (VERTICAL’S RESPONSE TO COVID-19) 31
6.3 RETAIL AND ECOMMERCE 32
6.3.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 32
6.3.2 USE CASES 32
6.3.3 MNM VIEWPOINT (VERTICAL’S RESPONSE TO COVID-19) 33
6.4 HEALTHCARE 33
6.4.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 33
6.4.2 USE CASES 34
6.4.3 MNM VIEWPOINT (VERTICAL’S RESPONSE TO COVID-19) 34
6.5 EDUCATION 35
6.5.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 35
6.5.2 USE CASES 35
6.5.3 MNM VIEWPOINT (VERTICAL’S RESPONSE TO COVID-19) 36
6.6 AUTOMOTIVE 36
6.6.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 36
6.6.2 USE CASES 37
6.6.3 MNM VIEWPOINT (VERTICAL’S RESPONSE TO COVID-19) 37
6.7 OTHERS 38
6.7.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 38
6.7.2 MNM VIEWPOINT (VERTICAL’S RESPONSE TO COVID-19) 38

7 COVID-19 IMPACT ON REGIONS 39
7.1 NORTH AMERICA 39
7.1.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 39
7.2 EUROPE 40
7.2.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 40
7.3 ASIA PACIFIC 41
7.3.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 41
7.4 MIDDLE EAST & AFRICA 43
7.4.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 43
7.5 LATIN AMERICA 44
7.5.1 FORECAST, 2020-2021 (OPTIMISTIC/PRE-COVID-19/PESSIMISTIC) 44

8 COVID-19 FOCUSED PROFILES OF KEY VENDORS 46
8.1 INTRODUCTION 46
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9 APPENDIX 54
9.2 AUTHOR DETAILS 56



List of Figures



FIGURE 1 COVID-19: THE GLOBAL PROPAGATION 9
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 10
FIGURE 3 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 11
FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY 12
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 13
FIGURE 6 BREAKUP OF PRIMARY RESPONDENT PROFILES 18
FIGURE 7 GLOBAL FACIAL RECOGNITION MARKET GROWTH RATE 2019-2021 (USD MILLION) 26
FIGURE 8 SOFTWARE TOOLS MARKET GROWTH RATE, 2019-2021 (USD MILLION) 27
FIGURE 9 SERVICES MARKET GROWTH RATE, 2019-2021 (USD MILLION) 28
FIGURE 10 BANKING, FINANCIAL SERVICES, AND INSURANCE: FACIAL RECOGNITION MARKET GROWTH RATE, 2019-2021 (USD MILLION) 29
FIGURE 11 GOVERNMENT AND DEFENSE: FACIAL RECOGNITION MARKET GROWTH RATE, 2019-2021 (USD MILLION) 30
FIGURE 12 RETAIL AND ECOMMERCE: FACIAL RECOGNITION MARKET GROWTH RATE 2019-2021 (USD MILLION) 32
FIGURE 13 HEALTHCARE: FACIAL RECOGNITION MARKET GROWTH RATE 2019-2021 (USD MILLION) 33
FIGURE 14 EDUCATION: FACIAL RECOGNITION MARKET GROWTH RATE 2019-2021 (USD MILLION) 35
FIGURE 15 AUTOMOTIVE: FACIAL RECOGNITION MARKET GROWTH RATE 2019-2021 (USD MILLION) 36
FIGURE 16 GLOBAL INTERNET OF THINGS MARKET IN GOVERNMENT AND DEFENSE VERTICAL, 2019-2021 (USD MILLION) 38
FIGURE 17 NORTH AMERICA – FACIAL RECOGNITION MARKET, 2019-2021 (USD MILLION) 39
FIGURE 18 EUROPE – FACIAL RECOGNITION MARKET, 2019-2021 (USD MILLION) 40
FIGURE 19 ASIA PACIFIC – FACIAL RECOGNITION MARKET, 2019-2021 (USD MILLION) 41
FIGURE 20 MIDDLE EAST & AFRICA – FACIAL RECOGNITION MARKET 2019-2021 (USD MILLION) 43
FIGURE 21 LATIN AMERICA – FACIAL RECOGNITION MARKET, 2019-2021 (USD MILLION) 44

 

List of Tables



TABLE 1 USE CASES – BANKING, FINANCIAL SERVICES, AND INSURANCE 29
TABLE 2 USE CASES – GOVERNMENT AND DEFENSE 31
TABLE 3 USE CASES – RETAIL AND E-COMMERCE 32
TABLE 4 USE CASES – HEALTHCARE 34
TABLE 5 USE CASES – EDUCATION 35
TABLE 6 USE CASES – AUTOMOTIVE 37