Monday, December 5, 2022

Email id:, Contact Us : +91-9015378249

Home Technology and Telecom Increase in Terrorist Attacks in the Government Organizations Expected to Drive Global...

Increase in Terrorist Attacks in the Government Organizations Expected to Drive Global Face Recognition Systems Market: Ken Research

Face recognition system is a combination of software and hardware, which identifies & verifies a person by comparing & analyzing the facial patterns of a person using deep learning. It is generally used in security purposes. It has many applications in various areas such as access control, payment and others. It includes four different steps to identify and analyze the person, which includes face alignment, face detection, feature extraction and finally face recognition. It finds major application in public security with surveillance cameras to tract the criminals. Moreover, rise in concern regarding security threats has resulted to install face recognition system in several public places such as metro stations, country borders, airport, open market, and other public places that helps to keep track on the criminals.

According to study, “Global Face Recognition Systems Market 2019 by Company, Regions, Type and Application, Forecast to 2024” the key companies operating in the global face recognition systems market are Panasonic Corporation, NEC Corporation, Thales Group (Gemalto NV), FacePhi Biometric SA, Cognitec Systems GmbH, Ayonix Corporation, Aware Inc., Idemia France SAS, Animetrics Inc., Face First Inc., Daon Inc. The key players provide face recognition solutions to cater to the demands & needs of the customer. The major growth strategies adopted by the players include collaborations & agreements, partnerships, and new product launches or product enhancements.

Based on component type, face recognition systems market is segmented into services and software tools. Services include cloud based face recognition and training & consulting services. Software told includes three-dimensional (3D) facial recognition, two-dimensional (2D) face recognition and facial analytics. The 3D face recognition segment holds major share in market as it is used mostly in identifying & verifying suspected criminals, accelerating forensic video investigations, border control for preventing terrorist activities, providing smarter & safer highway patrolling, cross-border monitoring, document verification, and identity management. Based on application area, market is segmented into access control, emotion recognition, law enforcement, attendance tracking & monitoring, and others. In addition, based on vertical, market is segmented into retail & ecommerce, banking, financial services and insurance (BFSI), healthcare, government & defense, automotive, education and other verticals.

The face recognition systems market is driven by increase in terrorist attacks in the government organizations, followed by rise in use in non-law enforcement & law enforcement applications, growth in technological advancements such as cloud-based services and 3D-based recognition systems and rise in application in intelligent signage & physical security. However, lack of accuracy, high implementation cost and lack of security of the personal shared data may impact the market. Moreover, growth in technological advancements along with implementation of smart phone technology is a key opportunity for market.

Based on geography, the Asian-Pacific region dominates the face recognition systems market owing to rise in investments in security & surveillance and high criminal activities in the region. Whereas, the European and North-American regions are expected to witness substantial growth due to increase in awareness among the people and established economy over the forecast period. In near future, it is predicted that the market will be reached at rapid pace on account of rise in adoption of face recognition in web applications for social interaction and picture tagging and growth in demand for surveillance systems to enhance safety & security during the forecast period.

For more information, click on the link below:

Global Face Recognition Systems Market

Related Reports:

Global Face Recognition Systems Market Analysis 2013-2018 and Forecast 2019-2024

Global Face Recognition Systems Market Status and Future Forecast 2015-2024

Contact Us:    

Ken Research

Ankur Gupta, Head Marketing & Communications

+91 9015378249


Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market Revenue, Segments, Outlook 2022-2028 – Ken Research

Buy Now Market Overview The vertical cavity surface emitting laser (VCSEL) is a type of semiconductor laser diode with a laser beam that emits light or...

Semiconductor Metrology and Inspection Equipment Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022-2028) – Ken Research

Buy Now Market Overview Semiconductor metrology instruments are designed for wafer and thin film in-line inspection after semiconductor processing. Semiconductor metrology instruments include ion manufactories, C-...

Global Digital Twin Market Size, Outlook, and Revenue Forecast: Ken Research

Buy Now Market Overview: A digital twin is a digital representation of a real-world entity or system. The implementation of the digital twin is an encapsulated...

Most Popular

Global Specialty Silica Market Size, Share, Industry Report 2022-2028: Ken Research

Buy Now Market Overview: Specialty silica is manufactured in the form of round pebbles or fine powders and is further used as key additives in the...

Thai Government’s Investment In Upgrading Aviation Capacity At International Airports As Well As In Developing The Eastern Aviation City Is Supporting Thailand’s Position As...

Buy Now Rising Domestic Consumption of Meat:  The leading meat products consumed in the country are chicken and pork based in 2021 but beef consumption...

Kuwait Vehicle Leasing Market is estimated to grow at a positive CAGR of 11% in between 2022E and 2026F: Ken Research

Buy Now Driven by burgeoning youth population, government projects and innovative products in the market Millennials Preferring Leasing Vehicles: The Kuwait Car Leasing Market has witnessed...

Rising Automobile demand, Flexible models of financing, increase in Online Auto Finance Aggregator and Growth in Auto Finance industry had driven UAE Auto Finance...

Buy Now Focus on Growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by...