Analysts’ Viewpoint on Facial Recognition Market Scenario
The face recognition technology uses biometrics to identify facial features, which include biological measurements or physical features that are used to recognize individuals. Facial recognition helps provide quick and accurate facial expression maps from a distance, without making physical contact. Facial tracking solutions in smartphones and financial institutions enable the delivery of an improved user experience with the help of a digital identity verification system. The facial recognition technology also improves customer experience in various industry verticals such as BFSI, healthcare, retail, and education. These factors are expected to drive the facial recognition market in the near future. Technological advancements such as development of 3D algorithms, which help identify the emotions of a person, are anticipated to further increase the demand for facial recognition technology during the forecast period.
Facial recognition is a biometric technology used for identification and authentication of the people by capturing facial images using a camera and then comparing the captured images with an existing database. Facial recognition technology is preferred over other biometric techniques such as iris, fingerprint, and voice recognition, as it does not require physical contact with the apparatus and is thus non-intrusive. Furthermore, facial recognition technology is easily deployable using existing cameras and monitoring devices. Increase in technological advancements in the security sector to provide efficient surveillance systems to monitor crimes, frauds, and terrorist activities is expected to boost the usage of facial recognition solutions. This is projected to propel the facial recognition market during the forecast period.
During the COVID-19 pandemic, the U.S. and China used the facial recognition system to control the spread of the virus by tracking the infected or quarantined persons in crowd. The usage of other biometric technologies that rely on touch-based sensors has decreased significantly to avoid direct contact. This is driving the adoption of the face identification technology.
Face recognition technology (FRT) plays a prominent role in identifying and verifying an individual, based on his/her specific facial features. It then stores the data as a face print. It also helps simplify the patient sign-in and sing-out procedure. Increase in usage of face detection technology in collaboration with artificial intelligence (AI) for real-time emotional recognition through interpretation of emotions including anger, fear, disgust, or sadness helps get more insights about the patient’s health. This enables healthcare professionals to monitor the health status of the patient in an easier and real-time manner.
Growth in adoption of electronic medical record (EMR) solutions to enable a paperless environment in hospitals, medical schools, and biopharma companies using facial recognition technology to protect hospitals and other medical institutions from cyber-attacks is also driving the market. Facial recognition technology is widely used in the healthcare sector as compared to other biometric technologies due to its contactless process and easy deployment.
In the banking sector, the facial recognition technology enables customer interaction with banks via smartphones or computers. Rise in adoption of digital technologies in the BFSI sector brings about digital transformations, which have improved the popularity of online banking and virtual transactions in the last few years. Besides online banking, many banks offer face verification as a means to operate accounts through ATMs. This effectively eliminates the need for a card swipe as face scanning helps prevent fraud online.
According to Aite-Novarica, of the 11,000 financial institutions in the U.S., 15% to 20% use selfie photo imaging for document verification to verify user identity. In 2020, Aite-Novarica stated that 600-700 financial institutions had adopted facial recognition technology for security purposes. Thus, rise in adoption of AI and other digital technologies is expected to increase the penetration of facial recognition technology in healthcare and banking sectors during the forecast period.
The facial recognition technology (FRT) helps identify employees and visitors, and provides access to the physical office through face images and speech-to-text recognition. According to Capgemini, 84% of Americans are projected to increase the usage of touchless technologies to avoid physical contact and reduce the use of human touch points. Similarly, 69% of retail executives have adopted facial recognition technology in order to provide contactless payment options to improve user experience. Increase in usage of biometric payment cards with fingerprint authentication helps replace PINS and passwords. This significantly increases speed and delivers a convenient way of contactless payments to improve customer experience.
North America held major share of the global facial recognition market, followed by Europe, in 2021. These regions are expected to retain their positions throughout the forecast period, accounting for 29.9% and 26.4% revenue share of the global facial recognition market, respectively, in 2022. Increase in demand for facial identification systems in North America and Europe can be ascribed to the rise in incidence of criminal and terrorist activities in these regions.
China, India, and South Korea are the major facial recognition markets in Asia Pacific. These countries offer vast scope for companies operating in the market. Rise in terrorist activities; growth in adoption of facial recognition technology for border control and homeland security; and continuously improving aviation industry are factors driving the market in the region. The market in Asia Pacific is projected to advance at a CAGR of 18.6% during the forecast period.
The global facial recognition market is highly fragmented. Vendors are striving to tap into growth opportunities and strengthen their presence in the market through product portfolio expansion and mergers and acquisitions. Many retailers and financial institutes are also focusing on adopting facial recognition technology to provide better customer experiences. 3M Cogent, Inc., Animetrics, Inc., Aware, Inc., Ayonix Corporation, Cognitec Systems GmbH, and Cross Match Technologies, Inc. are some of the prominent players operating in the global facial recognition market.
Each of the companies mentioned above has been profiled in the facial recognition market report. The company profiles include company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
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Attribute |
Detail |
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Market Size Value in 2021 |
US$ 4.4 Bn |
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Market Forecast Value in 2031 |
US$ 20.5 Bn |
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Growth Rate (CAGR) |
16.8% |
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Forecast Period |
2022–2031 |
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Historical Data Available for |
2017–2020 |
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Quantitative Units |
US$ Bn for Value |
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Market Analysis |
It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, ecosystem analysis, and COVID-19 impact analysis. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
The facial recognition market stood at US$ 4.4 Bn in 2021.
The facial recognition market is estimated to expand at a CAGR of 16.8% during the forecast period.
A growing need in the healthcare and banking sector, and increasing penetration of facial recognition technology (FRT) to provide security and law enforcement.
Software/Tools contributed approximately 65.4% share in the facial recognition market in 2022.
North America is a more attractive region for vendors in the facial recognition market.
3M Cogent, Inc., Animetrics, Inc. Aware, Inc., Ayonix Corporation, Cognitec Systems GmbH, Cross Match Technologies, Inc., FaceFirst, LLC (Airborne Biometrics Group Inc.), IDEMIA, Mantra Softech (India) Pvt. Ltd., Microsoft Corporation, NEC Corporation, Nuance Communications, i-PRO Co., Ltd., Clarifai, Inc., and Thales e-Security, Inc.
1. Preface
1.1. Market Introduction
1.2. Market Segmentation
1.3. Key Research Objectives
2. Assumptions and Research Methodology
2.1. Research Methodology
2.1.1. List of Primary and Secondary Sources
2.2. Key Assumptions for Data Modelling
3. Executive Summary - Global Facial Recognition Market
4. Market Overview
4.1. Market Definition
4.2. Technology/ Product Roadmap
4.3. Market Factor Analysis
4.3.1. Forecast Factors
4.3.2. Ecosystem/ Value Chain Analysis
4.3.3. Market Dynamics (Growth Influencers)
4.3.3.1. Drivers
4.3.3.2. Restraints
4.3.3.3. Opportunities
4.3.3.4. Impact Analysis of Drivers and Restraints
4.4. COVID-19 Impact Analysis
4.4.1. Impact of COVID-19 on the Facial Recognition Market
4.4.2. End-user Sentiment Analysis: Comparative Analysis on Spending
4.4.2.1. Increase in Spending
4.4.2.2. Decrease in Spending
4.4.3. Short Term and Long Term Impact on the Market
4.5. Market Opportunity Assessment – by Region (North America/ Europe/ Asia Pacific/ Middle East & Africa/ South America)
4.5.1. By Component
4.5.2. By Application
4.5.3. By End-user
4.6. Competitive Scenario
4.6.1. List of Emerging, Prominent, and Leading Players
4.6.2. Major Mergers & Acquisitions, Expansions, Partnership, Contacts, Deals, Etc.
5. Global Facial Recognition Market Analysis and Forecast
5.1. Market Revenue Analysis (US$ Mn), 2016-2031
5.1.1. Historic Growth Trends, 2016-2021
5.1.2. Forecast Trends, 2022-2031
5.2. Pricing Model Analysis/ Price Trend Analysis
6. Global Facial Recognition Market Analysis, by Component
6.1. Overview and Definitions
6.2. Key Segment Analysis
6.3. Facial Recognition Market Size (US$ Mn) Forecast, by Component, 2018 - 2031
6.3.1. Software/Tools
6.3.1.1. 2D Facial Recognition
6.3.1.2. 3D Facial Recognition
6.3.1.3. Facial Analytics
6.3.2. Services
6.3.2.1. Training and Consulting
6.3.2.2. Support & Maintenance
7. Global Facial Recognition Market Analysis, by Application
7.1. Overview and Definitions
7.2. Key Segment Analysis
7.3. Facial Recognition Market Size (US$ Mn) Forecast, by Application, 2018 - 2031
7.3.1. Law Enforcement
7.3.2. Access Control
7.3.3. Emotion Recognition
7.3.4. Attendance Tracking and Monitoring
7.3.5. Others
8. Global Facial Recognition Market Analysis, by End-user
8.1. Key Segment Analysis
8.2. Facial Recognition Market Size (US$ Mn) Forecast, by End-user, 2018 - 2031
8.2.1. Banking, Financial Services and Insurance (BFSI)
8.2.2. Retail and E-commerce
8.2.3. Healthcare
8.2.4. Education
8.2.5. Automotive
8.2.6. Others
9. Global Facial Recognition Market Analysis and Forecast, by Region
9.1. Key Findings
9.2. Facial Recognition Market Size (US$ Mn) Forecast, by Region, 2018 - 2031
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East & Africa
9.2.5. South America
10. North America Facial Recognition Market Analysis
10.1. Regional Outlook
10.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)
10.2.1. By Component
10.2.2. By Application
10.2.3. By End-user
10.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country, 2018 - 2031
10.3.1. U.S.
10.3.2. Canada
10.3.3. Mexico
11. Europe Facial Recognition Market Analysis and Forecast
11.1. Regional Outlook
11.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)
11.2.1. By Component
11.2.2. By Application
11.2.3. By End-user
11.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country & Sub-region, 2018 - 2031
11.3.1. Germany
11.3.2. U.K.
11.3.3. France
11.3.4. Spain
11.3.5. Italy
11.3.6. Rest of Europe
12. APAC Facial Recognition Market Analysis and Forecast
12.1. Regional Outlook
12.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)
12.2.1. By Component
12.2.2. By Application
12.2.3. By End-user
12.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country & Sub-region, 2018 - 2031
12.3.1. China
12.3.2. India
12.3.3. Japan
12.3.4. ASEAN
12.3.5. Rest of Asia Pacific
13. Middle East & Africa (MEA) Facial Recognition Market Analysis and Forecast
13.1. Regional Outlook
13.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)
13.2.1. By Component
13.2.2. By Application
13.2.3. By End-user
13.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country & Sub-region, 2018 - 2031
13.3.1. Saudi Arabia
13.3.2. The United Arab Emirates
13.3.3. South Africa
13.3.4. Rest of Middle East & Africa (MEA)
14. South America Facial Recognition Market Analysis and Forecast
14.1. Regional Outlook
14.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)
14.2.1. By Component
14.2.2. By Application
14.2.3. By End-user
14.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country & Sub-region, 2018 - 2031
14.3.1. Brazil
14.3.2. Argentina
14.3.3. Rest of South America
15. Competition Landscape
15.1. Market Competition Matrix, by Leading Players
15.2. Market Revenue Share Analysis (%), by Leading Players (2020)
16. Company Profiles
16.1. 3M Cogent, Inc.
16.1.1. Business Overview
16.1.2. Product Portfolio
16.1.3. Geographical Footprint
16.1.4. Revenue and Strategy
16.2. Animetrics, Inc.
16.2.1. Business Overview
16.2.2. Product Portfolio
16.2.3. Geographical Footprint
16.2.4. Revenue and Strategy
16.3. Aware, Inc.
16.3.1. Business Overview
16.3.2. Product Portfolio
16.3.3. Geographical Footprint
16.3.4. Revenue and Strategy
16.4. Ayonix Corporation
16.4.1. Business Overview
16.4.2. Product Portfolio
16.4.3. Geographical Footprint
16.4.4. Revenue and Strategy
16.5. Cognitec Systems GmbH
16.5.1. Business Overview
16.5.2. Product Portfolio
16.5.3. Geographical Footprint
16.5.4. Revenue and Strategy
16.6. Cross Match Technologies, Inc.
16.6.1. Business Overview
16.6.2. Product Portfolio
16.6.3. Geographical Footprint
16.6.4. Revenue and Strategy
16.7. FaceFirst, LLC. (Airborne Biometrics Group Inc.)
16.7.1. Business Overview
16.7.2. Product Portfolio
16.7.3. Geographical Footprint
16.7.4. Revenue and Strategy
16.8. IDEMIA
16.8.1. Business Overview
16.8.2. Product Portfolio
16.8.3. Geographical Footprint
16.8.4. Revenue and Strategy
16.9. Mantra Softech (India) Pvt. Ltd.
16.9.1. Business Overview
16.9.2. Product Portfolio
16.9.3. Geographical Footprint
16.9.4. Revenue and Strategy
16.10. Microsoft Corporation
16.10.1. Business Overview
16.10.2. Product Portfolio
16.10.3. Geographical Footprint
16.10.4. Revenue and Strategy
16.11. NEC Corporation
16.11.1. Business Overview
16.11.2. Product Portfolio
16.11.3. Geographical Footprint
16.11.4. Revenue and Strategy
16.12. Nuance Communications
16.12.1. Business Overview
16.12.2. Product Portfolio
16.12.3. Geographical Footprint
16.12.4. Revenue and Strategy
16.13. i-PRO Co., Ltd.
16.13.1. Business Overview
16.13.2. Product Portfolio
16.13.3. Geographical Footprint
16.13.4. Revenue and Strategy
16.14. Clarifai, Inc.
16.14.1. Business Overview
16.14.2. Product Portfolio
16.14.3. Geographical Footprint
16.14.4. Revenue and Strategy
16.15. Thales e-Security, Inc.
16.15.1. Business Overview
16.15.2. Product Portfolio
16.15.3. Geographical Footprint
16.15.4. Revenue and Strategy
16.16. Others
16.16.1. Business Overview
16.16.2. Product Portfolio
16.16.3. Geographical Footprint
16.16.4. Revenue and Strategy
17. Key Takeaways
List of Tables
Table 1: Acronyms Used in the Facial Recognition Market
Table 2: North America Facial Recognition Market Revenue Analysis, by Country, 2022 - 2031 (US$ Mn)
Table 3: Europe Facial Recognition Market Revenue Analysis, by Country, 2022 - 2031 (US$ Mn)
Table 4: Asia Pacific Facial Recognition Market Revenue Analysis, by Country, 2022 - 2031 (US$ Mn)
Table 5: Middle East & Africa Facial Recognition Market Revenue Analysis, by Country, 2021 and 2031 (US$ Mn)
Table 6: South America Facial Recognition Market Revenue Analysis, by Country, 2022 - 2031 (US$ Mn)
Table 7: Impact Analysis of Drivers & Restraints
Table 8: Global Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031
Table 9: Global Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031
Table 10: Global Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031
Table 11: Global Facial Recognition Market Volume (US$ Mn) Forecast, by Region, 2018 – 2031
Table 12: North America Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031
Table 13: North America Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031
Table 14: North America Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031
Table 15: North America Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031
Table 16: U.S. Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 17: Canada Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 18: Mexico Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 19: Europe Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031
Table 20: Europe Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031
Table 21: Europe Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031
Table 22: Europe Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031
Table 23: Germany Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 24: U.K. Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 25: France Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 26: Spain Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 27: Italy Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 28: Asia Pacific Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031
Table 29: Asia Pacific Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031
Table 30: Asia Pacific Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031
Table 31: Asia Pacific Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031
Table 32: China Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 33: India Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 34: Japan Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 35: ASEAN Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 36: Middle East & Africa Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031
Table 37: Middle East & Africa Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031
Table 38: Middle East & Africa Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031
Table 39: Middle East & Africa Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031
Table 40: Saudi Arabia Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 41: U.A.E. Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 42: South Africa Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 43: South America Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031
Table 44: South America Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031
Table 45: South America Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031
Table 46: South America Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031
Table 47: Brazil Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 48: Argentina Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term
Table 49: Mergers & Acquisitions, Expansions (1/4)
Table 50: Mergers & Acquisitions, Expansions (2/4)
Table 51: Mergers & Acquisitions, Expansions (3/4)
Table 52: Mergers & Acquisitions, Expansions (4/4)
List of Figures
Figure 1: Global Facial Recognition Market Size (US$ Mn) Forecast, 2018–2031
Figure 2: Global Facial Recognition Market Revenue (US$ Mn) Opportunity Assessment, by Region, 2021E
Figure 3: Top Segment Analysis of Facial Recognition Market
Figure 4: Global Facial Recognition Market Revenue (US$ Mn) Opportunity Assessment, by Region, 2031F
Figure 5: Global Facial Recognition Market Attractiveness Assessment, by Component
Figure 6: Global Facial Recognition Market Attractiveness Assessment, by Application
Figure 7: Global Facial Recognition Market Attractiveness Assessment, by End-user
Figure 8: Global Facial Recognition Market Attractiveness Assessment, by Region
Figure 9: Global Facial Recognition Market Revenue (US$ Mn) Historic Trends, 2016 - 2020
Figure 10: Global Facial Recognition Market Revenue Opportunity (US$ Mn) Historic Trends, 2016 - 2020
Figure 11: Global Facial Recognition Market Value Share Analysis, by Component, 2021
Figure 12: Global Facial Recognition Market Value Share Analysis, by Component, 2031
Figure 13: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools, 2022 – 2031
Figure 14: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031
Figure 15: Global Facial Recognition Market Value Share Analysis, by Application, 2021
Figure 16: Global Facial Recognition Market Value Share Analysis, by Application, 2031
Figure 17: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031
Figure 18: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031
Figure 19: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031
Figure 20: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031
Figure 21: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 22: Global Facial Recognition Market Value Share Analysis, by End-user, 2031
Figure 23: Global Facial Recognition Market Value Share Analysis, by End-user, 2031
Figure 24: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031
Figure 25: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031
Figure 26: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031
Figure 27: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031
Figure 28: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031
Figure 29: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 30: Global Facial Recognition Market Value Share Analysis, by Region, 2031
Figure 31: North America Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031
Figure 32: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031
Figure 33: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031
Figure 34: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031
Figure 35: South America Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031
Figure 36: North America Facial Recognition Revenue Opportunity Share, by Component
Figure 37: North America Facial Recognition Revenue Opportunity Share, by Application
Figure 38: North America Facial Recognition Revenue Opportunity Share, by End-user
Figure 39: North America l Facial Recognition Market Value Share Analysis, by Component, 2021
Figure 40: North America Facial Recognition Market Value Share Analysis, by Component, 2031
Figure 41: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools, 2022 – 2031
Figure 42: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031
Figure 43: North America Facial Recognition Market Value Share Analysis, by Application, 2021
Figure 44: North America Facial Recognition Market Value Share Analysis, by Application, 2031
Figure 45: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031
Figure 46: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031
Figure 47: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031
Figure 48: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031
Figure 49: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 50: North America Facial Recognition Market Value Share Analysis, by End-user, 2021
Figure 51: North America Facial Recognition Market Value Share Analysis, by End-user, 2031
Figure 52: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031
Figure 53: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031
Figure 54: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031
Figure 55: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031
Figure 56: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031
Figure 57: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 58: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Country, 2022 – 2031
Figure 59: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Country, 2022 – 2031
Figure 58: Mexico Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 59: Europe Facial Recognition Revenue Opportunity Share, by Component
Figure 60: Europe Facial Recognition Revenue Opportunity Share, by Application
Figure 61: Europe Facial Recognition Revenue Opportunity Share, by End-user
Figure 62: Europe Facial Recognition Market Value Share Analysis, by Component, 2021
Figure 63: Europe Facial Recognition Market Value Share Analysis, by Component, 2031
Figure 64: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools , 2022 – 2031
Figure 65: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031
Figure 66: Europe Facial Recognition Market Value Share Analysis, by Application, 2021
Figure 67: Europe Facial Recognition Market Value Share Analysis, by Application, 2021
Figure 68: Europe Facial Recognition Market Value Share Analysis, by Application, 2031
Figure 69: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031
Figure 70: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031
Figure 71: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031
Figure 72: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031
Figure 73: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 74: Europe Facial Recognition Market Value Share Analysis, by End-user, 2021
Figure 75: Europe Facial Recognition Market Value Share Analysis, by End-user, 2031
Figure 76: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031
Figure 77: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031
Figure 78: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031
Figure 79: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031
Figure 80: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031
Figure 81: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 82: Europe Facial Recognition Market Value Share Analysis, by Country, 2021
Figure 79: Europe Facial Recognition Market Value Share Analysis, by Country, 2031
Figure 80: Germany Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 81: U.K. Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 82: France Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 83: Italy Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 84: Spain Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 85: Asia Pacific Facial Recognition Revenue Opportunity Share, by Component
Figure 86: Asia Pacific Facial Recognition Revenue Opportunity Share, by Application
Figure 87: Asia Pacific Facial Recognition Revenue Opportunity Share, by End-user
Figure 88: Asia Pacific l Facial Recognition Market Value Share Analysis, by Component, 2021
Figure 89: Asia Pacific Facial Recognition Market Value Share Analysis, by Component, 2031
Figure 90: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools , 2022 – 2031
Figure 91: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031
Figure 92: Asia Pacific Facial Recognition Market Value Share Analysis, by Application, 2021
Figure 93: Asia Pacific Facial Recognition Market Value Share Analysis, by Application, 2031
Figure 94: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031
Figure 95: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031
Figure 96: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031
Figure 97: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031
Figure 98: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 99: Asia Pacific Facial Recognition Market Value Share Analysis, by End-user, 2021
Figure 100: Asia Pacific Facial Recognition Market Value Share Analysis, by End-user, 2031
Figure 101: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031
Figure 102: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031
Figure 103: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031
Figure 104: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031
Figure 105: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031
Figure 106: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 103: Asia Pacific Facial Recognition Market Value Share Analysis, by Country, 2021
Figure 104: Asia Pacific Facial Recognition Market Value Share Analysis, by Country, 2031
Figure 105: China Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 106: India Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 107: Japan Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 108: ASEAN Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 109: Middle East & Africa Facial Recognition Revenue Opportunity Share, by Component
Figure 110: Middle East & Africa Facial Recognition Revenue Opportunity Share, by Application
Figure 111: Middle East & Africa Facial Recognition Revenue Opportunity Share, by End-user
Figure 112: Middle East & Africa l Facial Recognition Market Value Share Analysis, by Component, 2021
Figure 113: Middle East & Africa Facial Recognition Market Value Share Analysis, by Component, 2031
Figure 114: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools (SIP) Trunking, 2022 – 2031
Figure 115: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031
Figure 116: Middle East & Africa Facial Recognition Market Value Share Analysis, by Application, 2021
Figure 117: Middle East & Africa Facial Recognition Market Value Share Analysis, by Application, 2031
Figure 118: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031
Figure 119: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031
Figure 120: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031
Figure 121: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031
Figure 122: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 123: Middle East & Africa Facial Recognition Market Value Share Analysis, by End-user, 2021
Figure 124: Middle East & Africa Facial Recognition Market Value Share Analysis, by End-user, 2031
Figure 125: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031
Figure 126: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031
Figure 127: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031
Figure 128: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031
Figure 129: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031
Figure 130 Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 127: Middle East & Africa Facial Recognition Market Value Share Analysis, by Country, 2021
Figure 128: Middle East & Africa Facial Recognition Market Value Share Analysis, by Country, 2031
Figure 129: Saudi Arabia Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 130: U.A.E. Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 131: South Africa Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 132: South America Facial Recognition Revenue Opportunity Share, by Component
Figure 133: South America Facial Recognition Revenue Opportunity Share, by Application
Figure 134: South America Facial Recognition Revenue Opportunity Share, by End-user
Figure 135: South America Facial Recognition Market Value Share Analysis, by Component, 2021
Figure 136: South America Facial Recognition Market Value Share Analysis, by Component, 2031
Figure 137: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools, 2022 – 2031
Figure 138: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031
Figure 139: South America Facial Recognition Market Value Share Analysis, by Application, 2021
Figure 140: South America Facial Recognition Market Value Share Analysis, by Application, 2031
Figure 141: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031
Figure 142: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031
Figure 143: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031
Figure 144: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031
Figure 145: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 146: South America Facial Recognition Market Value Share Analysis, by End-user, 2021
Figure 147: South America Facial Recognition Market Value Share Analysis, by End-user, 2031
Figure 148: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031
Figure 149: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031
Figure 150: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031
Figure 152: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031
Figure 153: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031
Figure 154: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031
Figure 155: South America Facial Recognition Market Value Share Analysis, by Country, 2021
Figure 156: South America Facial Recognition Market Value Share Analysis, by Country, 2031
Figure 157: Brazil Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
Figure 158: Argentina Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031
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Facial Recognition Market
