Global Facial Recognition Market
Forecast and Trends
contributes to high-level security for public and private sectors. The
significant rise in terrorist attacks on government establishments in recent
years majorly pushes the companies and governments to perform facial
recognition biometric. Moreover, increasing applications in physical security
and intelligent signage and advancements in technology, such as cloud-based
services and 3D-based recognition systems, improved the usage of facial
recognition. Facial expression plays an important role in the cognition of
human emotions. The major purpose of facial expression recognition (FER) is to
introduce a natural way of communication in man-machine interaction. The FER is
the base of affective computing as it is used to recognize the human expression
effectively. Human facial expressions contain extremely abundant information
about humans and play a crucial role in high-level security. However,
increasing sensitivity to shared personal data, lack of accuracy, and high
implementation cost limit the expansion of the market in certain regions.
Technically advanced facial recognition systems with different applications in
mobile security and drones are likely to create greater opportunities in the
Facial Recognition Market: Overview
Facial recognition biometrics can be used
to enhance the security of our both public as well as private lives, others
fear what the future holds if their use becomes ubiquitous. This process would
further disclose identity information (owing to the distinctive, unique nature
of biometric data).
Face-based soft-biometrics systems
extract, store, and compare person-specific templates containing attributes of
the face or that the face expresses. These include physical features (large
nose, goatee, scar, and so on), medical or behavioral markers (for example,
paralysis from a stroke or the moon face produced by Cushing’s syndrome), or
elements that describe the face’s position in the image from which the
attributes were extracted. Although face-based soft biometrics could be a
useful tool for, among other things, automated gender identification and age
estimation in numerous consumer, business, and government applications, civil
libertarians have raised concerns about their potential misuse in conjunction
with enhanced face recognition technology.
demand for surveillance and security
The significant rise in the number of
terrorist attacks on government organizations and the commercial area in recent
years propels the companies and governments to execute robust physical security
strategies. Furthermore, this advanced technology is anticipated to witness
high adoption in intelligent signage applications on account of growing
concerns of security and the use of marketing strategies to analyze the
customers based on their gender, age, and other facial attributes. Over a
period, physical security and intelligent signage are expected to propel the
demand for facial recognition technology.
Global Facial Recognition Market: Product Type
on product type, the global Facial Recognition market segmented into Software
tool and Services. Software tool segment is expected to grow at a high CAGR
during the forecast period due to the various advanced technologies are
emerging like 3D, 2D facial recognition which is expected to propel the market
Global Facial Recognition Market: End-use
Based on the End-Use, the global Facial Recognition market segmented into BFSI, Government and Defense, Retail and
e-Commerce, Healthcare, Education, Automotive and Others.
Government and defense segment is expected to grow at a high
CAGR during the forecast period owing to advanced facial recognition are used
to for security and surveillance of various established institutions. Facial
analytics is an emerging biometric technology that examiners can use to
contextualize images of people without encroaching on their privacy. A facial
analysis system explicitly divorces the recognition component from attribute
generation: it doesn’t attempt to identify individuals or confirm their
identity but instead generates descriptive metadata about them based on their
faces. This metadata includes elements like facial expressions, face pose or
position, face shape, face age and sex, and other non-uniquely identifiable
information. Facial analytics can add powerful capabilities to existing
technology used to tackle big data.
Global Facial Recognition Market: Regional
Based on region, the global Facial Recognition market
segmented into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. Asia Pacific (APAC) includes big emerging economies, such as
China, India, Japan, Singapore, and South Korea. Due to high criminal
activities, investments in security and surveillance are increasing in the
region. Countries such as Japan, China, and Singapore, have already started
using facial recognition across verticals, including government, healthcare,
Banking, Financial Services, and Insurance (BFSI), defense. These countries are
planning to expand their reach across places, including country and state
borders, airports, and other developing nations have also started testing
advanced facial recognition technology. Hence, APAC is expected to grow at a
higher CAGR during the projected period in the global facial recognition
major players in the global Facial Recognition are NEC Corporation, Safran
Group, Keylemon, Animetrics, 3M, Aware, Daon Inc, Cognitec Systems GmbH,
Ayonix, and nViso. and other prominent players.
Ø March, 2020: NEC
Corporation (NEC) and Konica Minolta, Inc. (Konica Minolta) announced that they
have agreed to collaborate as partners to promote digital transformation (DX)
utilizing 5G in the fields of imaging IoT/AI technologies, working styles,
healthcare, and manufacturing.
Ø July, 2019: Cognitec
is working with RDW, the Netherlands Vehicle Authority, to provide a digital
application platform for the renewal of drivers’ licenses. The platform is now
operational in 15 municipalities, growing to 30 municipalities during 2019, for
almost 25% of Dutch residents. In 2020, the Ministry of Infrastructure and
Water Management will evaluate the system to decide on a national service that
eliminates the mandatory visit at the city hall for driver’s license renewal.
Tracking and Monitoring
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East &
The objective of the Study:
Ø To analyze and forecast the global Facial
Recognition Market size of the market in terms of value.
Ø To examine the careful market segmentation and
forecast the market size, in terms of value, based on the region by segmenting.
Ø The Global Facial Recognition Market segmented into
five regions, namely, North America, Europe, Asia Pacific, Latin America,
Middle East & Africa and their leading countries.
Ø To outline, categorized, and forecast the global Facial
Recognition Market based on the component, application, and end-use.
Ø To examine competitive developments like
technological advancement, services, and regulative framework within the global
Facial Recognition Market.
Ø To highlight the impact analysis of the factors
affecting the market dynamics such as drivers, restraints, opportunities, and
Ø To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.