Key Findings
The Latin America facial recognition market is anticipated to harbor a CAGR of 16.35%, during the forecast period of 2019 to 2028. The market growth is predominantly influenced by the developments in artificial intelligence for public surveillance and facial recognition.

Market Insights
The Latin America facial recognition market is assessed across Brazil, Mexico, Argentina, and the rest of Latin America. Argentina was the most prosperous and developed country in Latin America and one of the ten wealthiest nations in the world. However, over the last century, the country’s gross domestic product (GDP) per capita has plummeted relatively to nearly every economically developed nation, globally. As a result, Argentina’s government has optimized several measures to hike the technological sector, in recent years. Likewise, in an attempt to improve public safety, representatives of Huawei, Argentina, presented new technologies such as big data, cloud-based storage systems, and artificial intelligence for facial recognition. This technology would also be utilized to ensure security and promote public surveillance.
The government of Buenos Aries declared that the city’s subway cameras would be linked with a system termed, Fugitive Facial Recognition System. Owing to this, residents of Buenos Aries lived under the surveillance of live facial recognition for nearly a year, with individuals put on a watch-list for trivial crimes like theft. Additionally, the city’s surveillance system was proposed as a measure to capture wanted criminals from the nation’s federal fugitive database, called, Consulta Nacional de Rebeldias y Capturas (CONARC).

Competitive Insights
Distinguished enterprises operating in the market include, Ayonix Corporation, Aware Inc, Gemalto NV (Thales Group), Crossmatch, Animetrics Inc., etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments