According to “Global Facial Recognition Market By Component, By Software Type, By End Use Sector, By Region, Competition Forecast & Opportunities, 2023” facial recognition market is expected to grow at a CAGR of 13% by 2023, on account of growing criminal activities and increasing need for enhanced monitoring and surveillance. Moreover, rising awareness about the benefits of facial recognition and growing implementation by the commercial sector is further expected to push the demand for facial recognition technology in the coming years. Government, transportation and military & defense are the largest contributors to the global facial recognition market as these end use sectors are adopting facial recognition for real time identification of criminals and to provide more secure environment. Additionally, huge National ID Programs like ’Aadhaar’ in India are also boosting the face recognition market as they involve recording the facial biometrics of individuals as well. Global facial recognition market is controlled by these major players, namely NEC Corporation, Idemia, Gemalto NV, Ayonix Corporation, Cognitec Systems GmbH, Aware, INC., Daon, Inc., Neurotechnology, Herta Security, and Keylemon SA. “Global Facial Recognition Market By Component, By Software Type, By End Use Sector, By Region, Competition Forecast & Opportunities, 2023” discusses the following aspects of facial recognition in global market:

  • Facial Recognition Market Size, Share & Forecast
  • Segmental Analysis – By Component (Software & Services), By Software Type (2D, 3D & Thermal Face Recognition), By End Use Sector (Government & Transportation, Military & Defense, etc)
  • Competitive Analysis
  • Changing Market Trends & Emerging Opportunities


Why You Should Buy This Report

  • To gain an in-depth understanding of facial recognition in global market
  • To identify the on-going trends and anticipated growth in the next five years
  • To help industry consultants, facial recognition distributor, distributors and other stakeholders align their market-centric strategies
  • To obtain research-based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs


Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with facial recognition distributor, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.