Facial Recognition Market Forecast to 2028

Facial Recognition Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software, Hardware, and Services), Application (Security & Surveillance, Access Control, and Others), and Vertical (BFSI, Retail & Ecommerce, Government, Healthcare, Education, Automotive & Transportation, and Others)

Report Code : TIPRE00003385 | Region : Global | Industry : Technology, Media and Telecommunications | Published Date : 24/Feb/2022

The Facial Recognition market is projected to reach US$ 12,670.22 million by 2028 from US$ 5,012.71 million in 2021; it is expected to grow at a CAGR of 14.2% from 2021 to 2028.

The use of facial recognition in law enforcement and non-law enforcement applications is predicted to increase rapidly during the forecast period. Furthermore, facial recognition is often preferred over other biometric technologies, such as voice recognition, skin texture recognition, iris identification, and fingerprint scanning, due to its contactless procedure and easy deployment. In addition, the “fourth industrial revolution,” in the world, Industry 4.0, is characterized by rapid and converging advancements in multiple next-generation technologies, including artificial intelligence (AI). The newly developed facial recognition systems use advanced AI features, IP cameras, machine learning algorithms, and cognitive technology to verify a person from a video source or a digital image. While traditional facial recognition systems have loopholes, advanced AI-based facial recognition systems deliver far superior accuracy. Moreover, many companies are eliminating traditional fingerprinting scanners from their security systems, which is paving the way for the adoption of AI-based facial recognition systems.

Moreover, increasing government initiatives and investments in promoting AI-based facial recognition technologies are propelling the facial recognition market growth. In 2020, the Defense Advanced Research Projects Agency (DARPA) of the US Department of Defense (DoD) allocated more than US$ 2 billion to fund AI-related research and development over the next five years. The primary beneficiaries of this investment to Chinese government are increasing AI startups, most for facial recognition. Thus, AI-powered facial recognition technology is bolstering the facial recognition market growth.

The impact of COVID-19 pandemic differed from region to region across the world. The facial recognition attendance software is a real-time and contactless attendance tracking software useful in the current pandemic. Businesses are resuming their on-premises operations to ensure continuous business operation and under such health crisis, employee health and safety are of paramount importance. Organizations seek ways to provide a safe workspace to employees, and a contactless check-in is the first step towards it. For instance, CyberLink, a world leader in facial recognition and tracking technologies, has been working with a number of physical stores in the US to provide biometric facial recognition with its FaceMe. Moreover, two companies in China have developed AI-based coronavirus diagnostic software to detect lung problems using CT scans. At least 34 Chinese hospitals used this technology to screen 32,000 suspected cases in February 2020. Hence, the overall impact of COVID-19 pandemic on the market is low to moderate.

The facial recognition market is segmented on the basis of component, application, and vertical. Based on component, the market is segmented into software, hardware, and services. In 2021, the software segment led the facial recognition market with the largest share. Based on application, the market is segmented into security & surveillance, access control, and others. In 2021, the security & surveillance segment led the market and accounted for the largest market share. Based on vertical, the facial recognition market is segmented into BFSI, retail and e-commerce, government, healthcare, education, automotive and transportation, and others. In 2021, the government segment held the largest share of the market. On the basis of geography, the facial recognition market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for a significant share in the market.

Tech5, IDEMIA, Aware Inc., Cognitec Systems GmbH, Ayonix Corporation, Fujitsu Limited, Onfido, NEC Corporation, Thales Group, and Face PHI are among the key players operating in the global facial recognition market and profiled in the market study.

The overall facial recognition market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the facial recognition market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the facial recognition market.

According to our latest market study on “Facial Recognition Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Application, and Vertical,” the market was valued at US$ 5,012.71 million in 2021 and is projected to reach US$ 12,670.22 million by 2028; it is expected to grow at a CAGR of 14.2% from 2021 to 2028.

The “fourth industrial revolution,” in the world, Industry 4.0, is characterized by rapid and converging advancements in multiple next-generation technologies, including artificial intelligence (AI). The newly developed facial recognition systems use advanced artificial intelligence features, IP cameras, machine learning algorithms, and cognitive technology to verify a person from a video source or a digital image. While traditional facial recognition systems have loopholes, advanced AI-based facial recognition systems deliver far superior accuracy. Moreover, many companies are eliminating traditional fingerprinting scanners from their security systems, which is paving the way for the adoption of AI-based facial recognition systems, thereby driving the facial recognition market growth.

Impact of COVID-19 Pandemic on Europe Facial Recognition Market Size

The COVID-19 crisis has positively influenced the facial recognition market growth, owing to its increasing use in digital healthcare. Also, it is seen as complementary to other technologies, such as AI, internet of things (IoT), and 5G. Facial recognition technologies allow contactless biometric measurements and provide more benefits than other biometric security solutions, such as palm prints and fingerprints. Thus, the overall impact of COVID-19 pandemic on the Europe facial recognition market is moderate.

Key Findings of Study:

The facial recognition market is broadly segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). At present, North America holds the largest share of the global market due to growth in airport usage and online payment. According to the US GAO (Government Accountability Office) report, the agriculture, commerce, homeland security, health, and human services, defense, interior, justice, state, treasury, and veterans affairs plan to expand the use of facial recognition from 2020 to 2023. Furthermore, technology has gained prominent adoption in smartphones as it is used to unlock the phone, verify the payment, and sign into mobile apps.

In terms of growth, APAC is anticipated to be the fastest-growing regional market. APAC is the most significant region for the adoption of facial recognition. For instance, China has deployed facial recognition glasses to spot citizens and tourists and use real-time ID authentication for the country’s police force to fight crimes during celebrations. Moreover, the increasing deployment of face scanners at counters in many banks across APAC for fraud identification is driving the facial recognition market in the region. Asia-Pacific is one of the largest markets for consumer biometrics due to rising mobile banking transactions in countries such as China and India, which is expected to propel the market in the region during the forecast period.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Facial Recognition Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Global Facial Recognition Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Increasing Demand from Government and Defense Sectors

5.1.2 Burgeoning Adoption of AI-Based Facial Recognition Systems

5.2 Market Restraints

5.2.1 Restricted Adoption due to Technical Drawbacks

5.3 Market Opportunities

5.3.1 Adoption of Cloud-Based Facial Recognition Technology

5.4 Future Trends

5.4.1 3D Face Recognition Systems

5.5 Impact Analysis of Drivers and Restraints

6. Facial Recognition Market – Global Analysis

6.1 Facial Recognition Market Overview

6.2 Facial Recognition Market Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – Five Key Players

7. Facial Recognition Market Analysis – By Component

7.1 Overview

7.2 Facial Recognition Market, By Component (2020 and 2028)

7.3 Software

7.3.1 Overview

7.3.2 Software: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.3.3 2D Facial Recognition

7.3.4 Overview

7.3.5 2D Facial Recognition: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.3.6 3D Facial Recognition

7.3.7 Overview

7.3.8 3D Facial Recognition: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.3.9 Facial Analytics

7.3.10 Overview

7.3.11 Facial Analytics: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Services

7.4.1 Overview

7.4.2 Services: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.4.3 Training and Consulting

7.4.4 Overview

7.4.5 Training and Consulting: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.4.6 Integration and Implementation

7.4.7 Overview

7.4.8 Integration and Implementation: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.4.9 Support and Maintenance

7.4.10 Overview

7.4.11 Support and Maintenance: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

8. Facial Recognition Market Analysis – By Application

8.1 Overview

8.2 Facial Recognition Market, By Application (2020 and 2028)

8.3 Security and Surveillance

8.3.1 Overview

8.3.2 Security and Surveillance: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Access Control

8.4.1 Overview

8.4.2 Access Control: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9. Facial Recognition Market Analysis – By Vertical

9.1 Overview

9.2 Facial Recognition Market, By Vertical (2020 and 2028)

9.3 BFSI

9.3.1 Overview

9.3.2 BFSI: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Retail and E-commerce

9.4.1 Overview

9.4.2 Retail and E-commerce: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Government

9.5.1 Overview

9.5.2 Government: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Healthcare

9.6.1 Overview

9.6.2 Healthcare: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Education

9.7.1 Overview

9.7.2 Education: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Automobile and Transportation

9.8.1 Overview

9.8.2 Automobile and Transportation: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.9 Others

9.9.1 Overview

9.9.2 Others: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10. Facial Recognition Market – Geographic Analysis

10.1 Overview

10.2 North America: Facial Recognition Market

10.2.1 North America: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.2.2 North America: Facial Recognition Market, By Component

10.2.3 North America: Facial Recognition Market, by Application

10.2.4 North America: Facial Recognition Market, by Vertical

10.2.5 North America: Facial Recognition Market, by Key Country

10.2.5.1 US: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.1.1 US: Facial Recognition Market, By Component

10.2.5.1.2 US: Facial Recognition Market, by Application

10.2.5.1.3 US: Facial Recognition Market, by Vertical

10.2.5.2 Canada: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.2.1 Canada: Facial Recognition Market, By Component

10.2.5.2.2 Canada: Facial Recognition Market, by Application

10.2.5.2.3 Canada: Facial Recognition Market, by Vertical

10.2.5.3 Mexico: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.3.1 Mexico: Facial Recognition Market, By Component

10.2.5.3.2 Mexico: Facial Recognition Market, by Application

10.2.5.3.3 Mexico: Facial Recognition Market, by Vertical

10.3 Europe: Facial Recognition Market

10.3.1 Europe: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.3.2 Europe: Facial Recognition Market, By Component

10.3.3 Europe: Facial Recognition Market, by Application

10.3.4 Europe: Facial Recognition Market, by Vertical

10.3.5 Europe: Facial Recognition Market, by Key Country

10.3.5.1 France: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.1.1 France: Facial Recognition Market, By Component

10.3.5.1.2 France: Facial Recognition Market, by Application

10.3.5.1.3 France: Facial Recognition Market, by Vertical

10.3.5.2 Germany: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.2.1 Germany: Facial Recognition Market, By Component

10.3.5.2.2 Germany: Facial Recognition Market, by Application

10.3.5.2.3 Germany: Facial Recognition Market, by Vertical

10.3.5.3 Italy: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.3.1 Italy: Facial Recognition Market, By Component

10.3.5.3.2 Italy: Facial Recognition Market, by Application

10.3.5.3.3 Italy: Facial Recognition Market, by Vertical

10.3.5.4 UK: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.4.1 UK: Facial Recognition Market, By Component

10.3.5.4.2 UK: Facial Recognition Market, by Application

10.3.5.4.3 UK: Facial Recognition Market, by Vertical

10.3.5.5 Russia: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.5.1 Russia: Facial Recognition Market, By Component

10.3.5.5.2 Russia: Facial Recognition Market, by Application

10.3.5.5.3 Russia: Facial Recognition Market, by Vertical

10.3.5.6 Rest of Europe: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.6.1 Rest of Europe: Facial Recognition Market, By Component

10.3.5.6.2 Rest of Europe: Facial Recognition Market, by Application

10.3.5.6.3 Rest of Europe: Facial Recognition Market, by Vertical

10.4 APAC: Facial Recognition Market

10.4.1 APAC: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.4.2 APAC: Facial Recognition Market, By Component

10.4.3 APAC: Facial Recognition Market, by Application

10.4.4 APAC: Facial Recognition Market, by Vertical

10.4.5 APAC: Facial Recognition Market, by Key Country

10.4.5.1 China: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.1.1 China: Facial Recognition Market, By Component

10.4.5.1.2 China: Facial Recognition Market, by Application

10.4.5.1.3 China: Facial Recognition Market, by Vertical

10.4.5.2 India: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.2.1 India: Facial Recognition Market, By Component

10.4.5.2.2 India: Facial Recognition Market, by Application

10.4.5.2.3 India: Facial Recognition Market, by Vertical

10.4.5.3 Japan: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.3.1 Japan: Facial Recognition Market, By Component

10.4.5.3.2 Japan: Facial Recognition Market, by Application

10.4.5.3.3 Japan: Facial Recognition Market, by Vertical

10.4.5.4 South Korea: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.5 South Korea: Facial Recognition Market, By Component

10.4.5.5.1 South Korea: Facial Recognition Market, by Application

10.4.5.5.2 South Korea: Facial Recognition Market, by Vertical

10.4.5.6 Rest of APAC: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.6.1 Rest of APAC: Facial Recognition Market, By Component

10.4.5.6.2 Rest of APAC: Facial Recognition Market, by Application

10.4.5.6.3 Rest of APAC: Facial Recognition Market, by Vertical

10.5 MEA: Facial Recognition Market

10.5.1 MEA: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.5.2 MEA: Facial Recognition Market, By Component

10.5.3 MEA: Facial Recognition Market, by Application

10.5.4 MEA: Facial Recognition Market, by Vertical

10.5.5 MEA: Facial Recognition Market, by Key Country

10.5.5.1 South Africa: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.1.1 South Africa: Facial Recognition Market, By Component

10.5.5.1.2 South Africa: Facial Recognition Market, by Application

10.5.5.1.3 South Africa: Facial Recognition Market, by Vertical

10.5.5.2 UAE: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.2.1 UAE: Facial Recognition Market, By Component

10.5.5.2.2 UAE: Facial Recognition Market, by Application

10.5.5.2.3 UAE: Facial Recognition Market, by Vertical

10.5.5.3 Rest of MEA: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.3.1 Rest of MEA: Facial Recognition Market, By Component

10.5.5.3.2 Rest of MEA: Facial Recognition Market, by Application

10.5.5.3.3 Rest of MEA: Facial Recognition Market, by Vertical

10.6 SAM: Facial Recognition Market

10.6.1 SAM: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.6.2 SAM: Facial Recognition Market, By Component

10.6.3 SAM: Facial Recognition Market, by Application

10.6.4 SAM: Facial Recognition Market, by Vertical

10.6.5 SAM: Facial Recognition Market, by Key Country

10.6.5.1 Brazil: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.1.1 Brazil: Facial Recognition Market, By Component

10.6.5.1.2 Brazil: Facial Recognition Market, by Application

10.6.5.1.3 Brazil: Facial Recognition Market, by Vertical

10.6.5.2 Argentina: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.2.1 Argentina: Facial Recognition Market, By Component

10.6.5.2.2 Argentina: Facial Recognition Market, by Application

10.6.5.2.3 Argentina: Facial Recognition Market, by Vertical

10.6.5.3 Rest of SAM: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.3.1 Rest of SAM: Facial Recognition Market, By Component

10.6.5.3.2 Rest of SAM: Facial Recognition Market, by Application

10.6.5.3.3 Rest of SAM: Facial Recognition Market, by Vertical

11. Facial Recognition Market - COVID-19 Impact Analysis

11.1 Overview

11.2 North America: Impact Assessment of COVID-19 Pandemic

11.3 Europe: Impact Assessment of COVID-19 Pandemic

11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

11.6 South America Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger and Acquisition

13. Company Profiles

13.1 Tech5

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 IDEMIA

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Aware Inc.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Cognitec Systems GmbH

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Ayonix Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Fujitsu Limited

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Onfido

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 NEC Corporation

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Thales Group

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Face PHI

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

Table 1. Facial Recognition market – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 5. US: Facial Recognition Market, By Component –Revenue and Forecast to 2028 (US$ Million)

Table 6. US: Facial Recognition Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 7. US: Facial Recognition Market, by Vertical –Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 11. Mexico: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 12. Mexico: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 14. Europe: Facial Recognition Market, By Component– Revenue and Forecast to 2028 (US$ Million)

Table 15. Europe: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16. Europe: Facial Recognition Market, by Vertical– Revenue and Forecast to 2028 (US$ Million)

Table 17. France: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 18. France: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 19. France: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 20. Germany: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 21. Germany: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 22. Germany: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 23. Italy: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 24. Italy: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 25. Italy: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 26. UK: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 27. UK: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 28. UK: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 29. Russia: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 30. Russia: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 31. Russia: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 32. Rest of Europe: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 33. Rest of Europe: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 34. Rest of Europe: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 35. APAC: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 36. APAC: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 37. APAC: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 38. China: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 39. China: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 40. China: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 41. India: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 42. India: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 43. India: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 44. Japan: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 45. Japan: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 46. Japan: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 47. South Korea: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 48. South Korea: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 49. South Korea: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 50. Rest of APAC: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 51. Rest of APAC: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 52. Rest of APAC: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 53. MEA: Facial Recognition Market, By Component– Revenue and Forecast to 2028 (US$ Million)

Table 54. MEA: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 55. MEA: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 56. South Africa: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 57. South Africa: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 58. South Africa: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 59. UAE: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 60. UAE: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 61. UAE: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 62. Rest of MEA: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 63. Rest of MEA: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 64. Rest of MEA: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 65. SAM: Facial Recognition Market, By Component– Revenue and Forecast to 2028 (US$ Million)

Table 66. SAM: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 67. SAM: Facial Recognition Market, by Vertical– Revenue and Forecast to 2028 (US$ Million)

Table 68. Brazil: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 69. Brazil: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 70. Brazil: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 71. Argentina: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 72. Argentina: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 73. Argentina: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 74. Rest of SAM: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 75. Rest of SAM: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 76. Rest of SAM: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 77. List of Abbreviation

LIST OF FIGURES.

Figure 1. Facial Recognition Market Segmentation

Figure 2. Facial Recognition market Segmentation – By Geography

Figure 3. Global Facial Recognition Market Overview

Figure 4. Software Segment held the largest share in 2020

Figure 5. Security & Surveillance Segment held the largest share in 2020

Figure 6. BFSI Segment held the largest share in 2020

Figure 7. Asia Pacific held the largest share in 2020

Figure 8. North America: PEST Analysis

Figure 9. Europe: PEST Analysis

Figure 10. Asia Pacific: PEST Analysis

Figure 11. MEA: PEST Analysis

Figure 12. SAM: PEST Analysis

Figure 13. Facial Recognition Market: Ecosystem Analysis

Figure 14. Expert Opinion

Figure 15. Impact Analysis of Drivers and Restraints

Figure 16. Facial Recognition Market – Geographic Analysis

Figure 17. Facial Recognition market Revenue and Forecast to 2028 (US$ Million)

Figure 18. Facial Recognition Market Revenue Share, By Component (2020 and 2028)

Figure 19. Software: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. 2D Facial Recognition: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. 3D Facial Recognition: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Facial Analytics: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Services: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Training and Consulting: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Integration and Implementation: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Support and Maintenance: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Facial Recognition Market Revenue Share, by Application (2020 and 2028)

Figure 28. Security and Surveillance: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Access Control: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Others: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Facial Recognition Market Revenue Share, by Vertical (2020 and 2028)

Figure 32. BFSI: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Retail and E-commerce: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Government: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Healthcare: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Education: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Automobile and Transportation: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Others: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Global Facial Recognition Market Revenue Share, by Region (2020 and 2028)

Figure 40. North America: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. North America: Facial Recognition Market Revenue Share, By Component (2020 and 2028)

Figure 42. North America: Facial Recognition Market Revenue Share, by Application (2020 and 2028)

Figure 43. North America: Facial Recognition Market Revenue Share, by Vertical (2020 and 2028)

Figure 44. North America: Facial Recognition Market Revenue Share, by Key Country (2020 and 2028)

Figure 45. US: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 46. Canada: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47. Mexico: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48. Europe: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. Europe: Facial Recognition Market Revenue Share, By Component (2020 and 2028)

Figure 50. Europe: Facial Recognition Market Revenue Share, by Application (2020 and 2028)

Figure 51. Europe: Facial Recognition Market Revenue Share, by Vertical (2020 and 2028)

Figure 52. Europe: Facial Recognition Market Revenue Share, by Key Country (2020 and 2028)

Figure 53. France: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54. Germany: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. Italy: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. UK: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. Russia: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. Rest of Europe: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. APAC: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. APAC: Facial Recognition Market Revenue Share, By Component (2020 and 2028)

Figure 61. APAC: Facial Recognition Market Revenue Share, by Application (2020 and 2028)

Figure 62. APAC: Facial Recognition Market Revenue Share, by Vertical (2020 and 2028)

Figure 63. APAC: Facial Recognition Market Revenue Share, by Key Country (2020 and 2028)

Figure 64. China: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 65. India: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66. Japan: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67. South Korea: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68. Rest of APAC: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 69. MEA: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 70. MEA: Facial Recognition Market Revenue Share, By Component (2020 and 2028)

Figure 71. MEA: Facial Recognition Market Revenue Share, by Application (2020 and 2028)

Figure 72. MEA: Facial Recognition Market Revenue Share, by Vertical (2020 and 2028)

Figure 73. MEA: Facial Recognition Market Revenue Share, by Key Country (2020 and 2028)

Figure 74. South Africa: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 75. UAE: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 76. Rest of MEA: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 77. SAM: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 78. SAM: Facial Recognition Market Revenue Share, By Component (2020 and 2028)

Figure 79. SAM: Facial Recognition Market Revenue Share, by Application (2020 and 2028)

Figure 80. SAM: Facial Recognition Market Revenue Share, by Vertical (2020 and 2028)

Figure 81. SAM: Facial Recognition Market Revenue Share, by Key Country (2020 and 2028)

Figure 82. Brazil: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 83. Argentina: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 84. Rest of SAM: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 85. Impact of COVID-19 Pandemic in North American Country Markets

Figure 86. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 87. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 88. Impact of COVID-19 Pandemic in the Middle East & Africa Country Markets

Figure 89. Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Facial Recognition Market

1. Tech5

2. IDEMIA

3. Aware Inc.

4. Cognitec Systems GmbH

5. Ayonix Corporation

6. Fujitsu Limited

7. Onfido

8. NEC Corporation

9. Thales Group

10. Face PHI

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global facial recognition market.

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global facial recognition market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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