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Facial Recognition Market

Market Insights on Facial Recognition covering sales outlook, demand forecast & up-to-date key trends

Facial Recognition Market By Component (Software Tools, Services), Vertical (Banking, Retail & E-Commerce, Automotive, Healthcare, Government & Defence), Application (Law Enforcement, Access Control, Emotion Recognition, Attendance Tracking & Monitoring, Others) & Region - Forecast 2022 - 2032

Facial Recognition Market Outlook (2022-2032)

[346 Pages Report] The Facial Recognition Market is projected to register a CAGR of 15.7% during the forecast period 2022-2032. The facial recognition is likely to go up from US$ 5.2 Bn in 2022 to reach a valuation of US$ 22.5 Bn by 2032.

“Rise in demand for face detection systems to enhance safety and security, and increase in applications in physical security and intelligent signage are expected to propel the growth of the global facial recognition market in the forthcoming years.”

Technological advancements such as 3D recognition systems and cloud-based solutions, and the growing adoption of face recognition in different verticals are anticipated to accelerate the market growth during the forecast period.

Attributes

Details

Facial Recognition Market CAGR (2022 – 2032)

15.7%

Facial Recognition Market (2022)

US$ 5.2 Bn

Facial Recognition Market (2032)

US$ 22.5 Bn

Post COVID-19 Impact on Facial Recognition Market

The post COVID-19 outbreak has a moderate impact on various enforcement agencies. In many countries, law enforcement agencies have shifted from legacy systems to facial recognition solutions to contain the overall spread of COVID-19.

Post the pandemic, there is a gradual rise in the number of use cases of facial recognition to surge the demand. Moreover, the application of thermal camera checks through these systems and are being adopted by healthcare systems globally.

In addition, new use cases such as biometric sign-in, public security, travel security, authorized healthcare services, eLearning platforms, and many other facial recognition systems are expected to be deployed at a large scale.

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What Factors are propelling the Facial Recognition Market Growth?

An increase in applications in physical security and intelligent signage as well as rise in demand for face detection systems to enhance safety and security propel the growth of the global facial recognition market. In addition, technological advancements such as cloud-based services and 3D-based recognition systems positively impact the growth of the market.

Moreover, increase in applications in mobile security and drones is expected to offer remunerative opportunities for expansion of the facial recognition market size during the forecast period. Governments across the world have been investing a significant amount of their resources in the adoption of facial recognition technologies, among which the US and China can be considered as the leading adopters.

Facial recognition technologies have been deployed via homeland security, federal and regional law enforcement departments, and other security agencies across the globe. This has helped solve numerous criminal investigations, thereby facilitating various departments, which has helped in the rapid identification of offenders, thus solving numerous criminal investigations.

What Factors Impede the Facial Recognition Market?

Facial recognition technology is used across industry verticals ranging from healthcare and retail to government and defense. Federal and police departments also use facial recognition technologies to catch suspected criminals in different cases. Even though the federal and police departments use this technology, the possibility of false matches poses a major problem in the implementation of facial recognition technologies.

For example, Boston's Logan Airport ran two separate facial recognition system tests at its security checkpoints, using volunteers posing as terrorists over a three-month period and posted disappointing results. Throughout the testing period, the systems correctly identified the volunteers 153 times and failed to identify the volunteers 96 times. The high number of false alarms can result in the arrest of innocent people that do not have any criminal records against them.

The arrest of innocent individuals could further lead to them taking legal action against the concerned authorities. Hence, this also remains a major restraint in the implementation of facial recognition technology. Moreover, lack of accuracy and high implementation cost of facial recognition technology hampers the market growth.

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Principal Consultant
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What are the Key Trends in Facial Recognition Market?

Facial recognition is indeed an area of biometrics where several technologies meet. The next generation of mobile networks, 5G, and edge technologies, are a few more that will make it more widespread than it already is. Many immediately think about things like airports and border checks, surveillance and similar applications when hearing about facial recognition, but facial recognition applications are also tested in retail facilities.

Another market that’s growing is that of facial recognition software tools and solutions. However, it’s clear that growth won’t be the same everywhere in the world and the vendors will differ too. Even with COVID-19 driving the market, facial recognition is perceived quite differently across the globe.

Given the ongoing threat of both physical and digital security breaches, the healthcare industry is investing in facial recognition technology to improve security and fraud prevention. Biometric technology is already being utilized in the health industry for anything from avoiding health insurance fraud to identifying illnesses.

Comparative Analysis of the Adjacent Facial Recognition Market

Facial Recognition Market:

Attributes

Facial Recognition Market

CAGR (2022 - 2032)

9.0%

Market Value (2032)

US$ 6.2 Bn

Growth Factor

Increasing technological advancement across industry verticals is the major factor fueling the market growth.

Opportunity

The adoption of IoT is witnessing exponential growth also proves to be a prerequisite for facial recognition technologies, such as facial recognition, middleware, modeling and restructuring, and analytics.

Key Trends

Facial recognition eases the process of identification and verification; hence it is being adopted widely for immigration at airports and attendance tracking and monitoring.

Biometrics Market:

Attributes

Biometrics Market

CAGR (2022 - 2032)

15.2%

Market Value (2032)

US$ 8.2 Bn

Growth Factor

The biometrics market is anticipated to develop, owing to the rising number of terrorist activities and the increasing theft activities pertaining to crucial data and information that have raised concerns regarding national security.

Opportunity

The multi-model biometric allows more reliability, high-speed, and high-precision authentication in large-scale systems that must respond to a variety of physical properties, as well as in usage scenarios that demand tight identity verification.?

Key Trends

Nowadays, hybrid biometric systems comprise a wide range of modalities (voice, facial, and iris), and government agencies worldwide employ them in a variety of security-related tasks, including border control, law enforcement, human resources, national defense, healthcare, and enterprise security.

Iris Recognition Market:

Attributes

Iris Recognition Market

CAGR (2022 - 2032)

13.2%

Market Value (2032)

US$ 6.3 Bn

Growth Factor

The high adoption of iris recognition technology by government organizations for identification and authentication purposes is the primary driving factor for the growth of the market.

Opportunity

The increasing penetration of iris recognition technology in the consumer electronics vertical and high demand for iris scanners for the access control application.

Key Trends

The high adoption of iris scanners from government, banking & finance, military & defense, and travel & immigration verticals, especially for the identity management and access control application, is propelling the market growth.

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How is the Facial Recognition Market Segmented?

The global facial recognition industry can be segmented on the basis of technology, application, industry vertical, and region. Depending on technology, the market is bifurcated into 2D, 3D, and facial analytics.

On the basis of application, it is segregated into access control, attendance tracking & monitoring, emotion recognition, security & surveillance, and others. The industry vertical covered in the study include retail & e-commerce, media & entertainment, BFSI, automobile & transportation, telecom & IT, government, healthcare, and others.

Region wise, it is analyzed across North America, Latin America, Europe, Asia-Pacific, and LAMEA. Among industry vertical segment, government and defense to hold the largest market size during the forecast period. The growing number of government and defense investments in implementing facial recognition technology for various activities, such as border control and criminal identification, are driving the adoption of the facial recognition technology solutions and services.

Which Region is expected to be Most Lucrative in the Facial Recognition Market?

Asia-Pacific is expected to be the most prominent region in the facial recognition market, owing to factors, such as technological development, rising in infrastructure growth, and the increasing application in numerous areas. Massive industrialization and the growing consumer electronics industry in the region highlight the exciting opportunities for the players in the market and the scope for significant growth.

Since long, China has used facial recognition technology and built a giant database for facial identification of its population of more than 1.3 billion. Besides, the country has had several partnerships within the country that have helped maintain China’s domination over the global physical security equipment market. According to FMI, China is expected to register a CAGR of 15.2% until 2032.

China has deployed facial recognition glasses for the country’s police force, to spot citizens and tourists, and use real-time ID authentication to primarily fight crimes during time of celebrations. Also, the country is embracing facial authenticated payments. AliPay, China’s biggest payment app, started a trial for the smile-to-pay feature at a branch of KFC in Southern China, which uses facial recognition to identify the customer and automatically charges them through the app.

With increasing urban population and increased purchasing power, Asia-Pacific is one of the largest markets for consumer biometrics. Increasing mobile transactions for banking in countries, such as India and China, coupled with their governments’ initiatives, are expected to be the major drivers for the facial recognition market in the region.

Who are the Key Competitors in the Facial Recognition Market?

NEC Corporation, Aware, Inc., Ayonix Corporation, Cognitec Systems GmbH, NVISO SA, Animetrics, Neurotechnology, Daon, Stereovision Imaging, Inc., Techno Brain, Innovatrics are the top companies in the global Facial Recognition Market.

With a sizable Facial Recognition Market share, these main firms are concentrating on growing their consumer base into new countries. These businesses are making use of strategic collaboration initiatives to grow their market share and profits.

Mid-size and smaller businesses, on the other hand, are expanding their market presence by gaining new contracts and entering new markets, thanks to technical developments and product innovations.

Recent Developments

  • Aware partnered with MIRACL in March 2022. In order to expand its cloud-based biometric authentication technology.
  • In March 2022, SALTO’s acquisition of Cognitec Systems initiates strong partnership of business synergy and innovation.
  • In February 2022, FacePhi expanded face biometrics and passive liveness detection to ridesharing.
  • In December 2020, Aware extended its Market-Leading Mobile Biometric Face-Matching Technology to Address Masks.

Key Players

  • Aware Inc.
  • Ayonix Corporation
  • Cognitec Systems GmbH
  • FacePhi
  • Fujitsu
  • Gemalto NV
  • IDEMIA
  • NEC Corporation
  • Onfido
  • TECH5 SA

Key Segments Covered in the Facial Recognition Industry Report

Facial Recognition by Component

  • Facial Recognition Software Tools
    • 2D Facial Recognition
    • 3D Facial Recognition
    • Facial Analytics
  • Facial Recognition Services
    • Training and Consulting
    • Cloud Based Facial Recognition

Facial Recognition by Vertical

  • Facial Recognition in Banking
  • Facial Recognition in Retail & E-Commerce
  • Facial Recognition in Automotive
  • Facial Recognition in Healthcare
  • Facial Recognition in Government & Defence
  • Facial Recognition for Other Verticals

Facial Recognition by Application

  • Facial Recognition for Law Enforcement
  • Facial Recognition for Access Control
  • Facial Recognition for Emotion Recognition
  • Facial Recognition for Attendance Tracking and Monitoring
  • Facial Recognition for Other Applications

Frequently Asked Questions

The facial recognition market is likely to register a CAGR of 15.7% during 2022-2032.

Asia Pacific is likely to emerge as the dominant, with China experiencing a 15.2% CAGR until 2032 in the region.

Some key players operating in the facial recognition market include Aware, Inc.; FacePhi.; NEC Corporation; IDEMIA; TECH5; Onfido; Ayonix Corporation; Gemalto NV; Cognitec Systems GmbH; Precise Biometrics; NtechLab; and Fujitsu.

Key factors that are driving the facial recognition market growth include technological advancements such as 3D recognition systems and cloud-based solutions, and the growing adoption of face recognition in different verticals.

Facial recognition software tools are expected to be most preferred, growing at a CAGR of 15.2% until 2032

Law enforcement applications will dominate the facial recognition industry, growing at over 15% CAGR

Table of Content

1. Executive Summary

    1.1. Global Market Outlook 

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Fact.MR Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy 

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment 

    3.1. Risk Assessment 

        3.1.1. COVID-19 Crisis and Impact on Facial Recognition Market

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis 

        3.1.3. Impact on Market Value (US$ Mn)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background 

    4.1. Facial Recognition Market, by Key Countries

    4.2. Facial Recognition Market Opportunity Assessment (US$ Mn)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast 

        4.3.1. Demand in optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario 

    4.4. Investment Feasibility Analysis

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact

        4.5.1. Top Companies Historical Growth

        4.5.2. Growth in Automation, By Country

        4.5.3. Facial Recognition Market Adoption Rate, By Country

    4.6. Market Dynamics

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Facial Recognition Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors 

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking 

6. Global Facial Recognition Market Demand Analysis 2015-2021 and Forecast, 2022-2032

    6.1. Historical Market Analysis, 2015-2021

    6.2. Current and Future Market Projections, 2022-2032

    6.3. Y-o-Y Growth Trend Analysis

7. Global Facial Recognition Market Value Analysis 2015-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032, By Component

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Component, 2015-2021

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Component, 2022-2032

        8.3.1. Software t Tools

            8.3.1.1. 2D Facial Recognition

            8.3.1.2. 3D Facial Recognition

            8.3.1.3. Facial Analytics

        8.3.2. Services

            8.3.2.1. Training and Consulting

            8.3.2.2. Cloud Based Facial Recognition

    8.4. Market Attractiveness Analysis By Component

9. Global Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032, By Vertical

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) Analysis By Vertical, 2015-2021

    9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Vertical, 2022-2032

        9.3.1. Banking

        9.3.2. Retail and Ecommerce

        9.3.3. Automotive

        9.3.4. Healthcare

        9.3.5. Government and Defense

        9.3.6. Others

    9.4. Market Attractiveness Analysis By Vertical

10. Global Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032, By Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021

    10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032

        10.3.1. Law Enforcement

        10.3.2. Access Control

        10.3.3. Emotion Recognition

        10.3.4. Attendance Tracking and Monitoring

        10.3.5. Others

    10.4. Market Attractiveness Analysis By Application

11. Global Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032, By Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021

    11.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. Asia Pacific 

        11.3.5. Middle East and Africa (MEA)

    11.4. Market Attractiveness Analysis By Region

12. North America Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    12.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        12.4.1. By Country

            12.4.1.1. U.S.

            12.4.1.2. Canada

            12.4.1.3. Rest of North America

        12.4.2. By Component

        12.4.3. By Application

        12.4.4. By Vertical

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Component

        12.5.3. By Application

        12.5.4. By Vertical

13. Latin America Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    13.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        13.4.1. By Country

            13.4.1.1. Brazil

            13.4.1.2. Mexico

            13.4.1.3. Rest of Latin America

        13.4.2. By Component

        13.4.3. By Application

        13.4.4. By Vertical

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Component

        13.5.3. By Application

        13.5.4. By Vertical

14. Europe Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    14.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        14.4.1. By Country

            14.4.1.1. Germany

            14.4.1.2. France

            14.4.1.3. U.K.

            14.4.1.4. Italy

            14.4.1.5. Benelux

            14.4.1.6. Nordic Countries

            14.4.1.7. Rest of Europe

        14.4.2. By Component

        14.4.3. By Application

        14.4.4. By Vertical

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Component

        14.5.3. By Application

        14.5.4. By Vertical

15. Asia Pacific Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    15.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        15.4.1. By Country

            15.4.1.1. China

            15.4.1.2. Japan

            15.4.1.3. South Korea

            15.4.1.4. Rest of Asia Pacific

        15.4.2. By Component

        15.4.3. By Application

        15.4.4. By Vertical

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Component

        15.5.3. By Application

        15.5.4. By Vertical

16. Middle East and Africa Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021

    16.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        16.4.1. By Country

            16.4.1.1. GCC Countries

            16.4.1.2. South Africa

            16.4.1.3. Turkey

            16.4.1.4. Rest of Middle East and Africa

        16.4.2. By Component

        16.4.3. By Application

        16.4.4. By Vertical

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Component

        16.5.3. By Application

        16.5.4. By Vertical

17. Key Countries Facial Recognition Market Analysis 2015-2021 and Forecast 2022-2032

    17.1. Introduction

        17.1.1. Market Value Proportion Analysis, By Key Countries

        17.1.2. Global Vs. Country Growth Comparison

    17.2. US Facial Recognition Market Analysis

        17.2.1. Value Proportion Analysis by Market Taxonomy

        17.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.2.2.1. By Component

            17.2.2.2. By Application

            17.2.2.3. By Vertical

    17.3. Canada Facial Recognition Market Analysis

        17.3.1. Value Proportion Analysis by Market Taxonomy

        17.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.3.2.1. By Component

            17.3.2.2. By Application

            17.3.2.3. By Vertical

    17.4. Mexico Facial Recognition Market Analysis

        17.4.1. Value Proportion Analysis by Market Taxonomy

        17.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.4.2.1. By Component

            17.4.2.2. By Application

            17.4.2.3. By Vertical

    17.5. Brazil Facial Recognition Market Analysis

        17.5.1. Value Proportion Analysis by Market Taxonomy

        17.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.5.2.1. By Component

            17.5.2.2. By Application

            17.5.2.3. By Vertical

    17.6. Germany Facial Recognition Market Analysis

        17.6.1. Value Proportion Analysis by Market Taxonomy

        17.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.6.2.1. By Component

            17.6.2.2. By Application

            17.6.2.3. By Vertical

    17.7. France Facial Recognition Market Analysis

        17.7.1. Value Proportion Analysis by Market Taxonomy

        17.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.7.2.1. By Component

            17.7.2.2. By Application

            17.7.2.3. By Vertical

    17.8. Italy Facial Recognition Market Analysis

        17.8.1. Value Proportion Analysis by Market Taxonomy

        17.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.8.2.1. By Component

            17.8.2.2. By Application

            17.8.2.3. By Vertical

    17.9. BENELUX Facial Recognition Market Analysis

        17.9.1. Value Proportion Analysis by Market Taxonomy

        17.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.9.2.1. By Component

            17.9.2.2. By Application

            17.9.2.3. By Vertical

    17.10. UK Facial Recognition Market Analysis

        17.10.1. Value Proportion Analysis by Market Taxonomy

        17.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.10.2.1. By Component

            17.10.2.2. By Application

            17.10.2.3. By Vertical

    17.11. Nordic Countries Facial Recognition Market Analysis

        17.11.1. Value Proportion Analysis by Market Taxonomy

        17.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.11.2.1. By Component

            17.11.2.2. By Application

            17.11.2.3. By Vertical

    17.12. China Facial Recognition Market Analysis

        17.12.1. Value Proportion Analysis by Market Taxonomy

        17.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.12.2.1. By Component

            17.12.2.2. By Application

            17.12.2.3. By Vertical

    17.13. Japan Facial Recognition Market Analysis

        17.13.1. Value Proportion Analysis by Market Taxonomy

        17.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.13.2.1. By Component

            17.13.2.2. By Application

            17.13.2.3. By Vertical

    17.14. South Korea Facial Recognition Market Analysis

        17.14.1. Value Proportion Analysis by Market Taxonomy

        17.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.14.2.1. By Component

            17.14.2.2. By Application

            17.14.2.3. By Vertical

    17.15. GCC Countries Facial Recognition Market Analysis

        17.15.1. Value Proportion Analysis by Market Taxonomy

        17.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.15.2.1. By Component

            17.15.2.2. By Application

            17.15.2.3. By Vertical

    17.16. South Africa Facial Recognition Market Analysis

        17.16.1. Value Proportion Analysis by Market Taxonomy

        17.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.16.2.1. By Component

            17.16.2.2. By Application

            17.16.2.3. By Vertical

    17.17. Turkey Facial Recognition Market Analysis

        17.17.1. Value Proportion Analysis by Market Taxonomy

        17.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            17.17.2.1. By Component

            17.17.2.2. By Application

            17.17.2.3. By Vertical

        17.17.3. Competition Landscape and Player Concentration in the Country

18. Market Structure Analysis

    18.1. Market Analysis by Tier of Companies 

    18.2. Market Concentration

    18.3. Market Share Analysis of Top Players

    18.4. Market Presence Analysis

        18.4.1. By Regional footprint of Players

        18.4.2. Product footprint by Players

19. Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Competition Deep Dive 

        19.3.1. NEC

            19.3.1.1. Overview

            19.3.1.2. Product Portfolio

            19.3.1.3. Sales Footprint

            19.3.1.4. Strategy Overview

        19.3.2. AWARE

        19.3.3. THALES E-SECURITY

        19.3.4. NUANCE COMMUNICATIONS

        19.3.5. MICROSOFT

        19.3.6. AMAZON

        19.3.7. GEMALTO 

        19.3.8. AYONIX

        19.3.9. IDEMIA

        19.3.10. COGNITEC SYSTEMS

        19.3.11. DAON

        19.3.12. NVISO

        19.3.13. STEREOVISION IMAGING

        19.3.14. TECHNOBRAIN

        19.3.15. NEUROTECHNOLOGY

        19.3.16. INNOVATRICS

        19.3.17. ID3 TECHNOLOGIES

        19.3.18. ANIMETRICS

        19.3.19. MEGVII

        19.3.20. FACEFIRST

        19.3.21. SIGHTCORP

        19.3.22. FACEPHI

        19.3.23. HERTA SECURITY

        19.3.24. KAIROS

        19.3.25. BIOID

        19.3.26. FULCRUM BIOMETRICS

        19.3.27. TRUEFACE.AI

20. Assumptions and Acronyms Used

21. Research Methodology

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List of Tables

Table 1: Global Facial Recognition Market Value (US$ Mn), By Component, 2015 – 2021

Table 2: Global Facial Recognition Market Value (US$ Mn), By Component, 2022 – 2032

Table 3: Global Facial Recognition Market Value (US$ Mn), By Application, 2015 – 2021

Table 4: Global Facial Recognition Market Value (US$ Mn), By Application, 2022 – 2032

Table 5: Global Facial Recognition Market Value (US$ Mn), By Vertical, 2015 – 2021

Table 6: Global Facial Recognition Market Value (US$ Mn), By Vertical, 2022 – 2032

Table 7: Global Facial Recognition Market, By Region, 2015 – 2021

Table 8: Global Facial Recognition Market, By Region, 2022 – 2032

Table 9: North America Facial Recognition Market Value (US$ Mn), By Component, 2015 – 2021

Table 10: North America Facial Recognition Market Value (US$ Mn), By Component, 2022 – 2032

Table 11: North America Facial Recognition Market Value (US$ Mn), By Application, 2015 – 2021

Table 12: North America Facial Recognition Market Value (US$ Mn), By Application, 2022 – 2032

Table 13: North America Facial Recognition Market Value (US$ Mn), By Vertical, 2015 – 2021

Table 14: North America Facial Recognition Market Value (US$ Mn), By Vertical, 2022 – 2032

Table 15: North America Facial Recognition Market, By Country, 2015 – 2021

Table 16: North America Facial Recognition Market, By Country, 2022 – 2032

Table 17: Latin America Facial Recognition Market Value (US$ Mn), By Component, 2015 – 2021

Table 18: Latin America Facial Recognition Market Value (US$ Mn), By Component, 2022 – 2032

Table 19: Latin America Facial Recognition Market Value (US$ Mn), By Application, 2015 – 2021

Table 20: Latin America Facial Recognition Market Value (US$ Mn), By Application, 2022 – 2032

Table 21: Latin America Facial Recognition Market Value (US$ Mn), By Vertical, 2015 – 2021

Table 22: Latin America Facial Recognition Market Value (US$ Mn), By Vertical, 2022 – 2032

Table 23: Latin America Facial Recognition Market, By Country, 2015 – 2021

Table 24: Latin America Facial Recognition Market, By Country, 2022 – 2032

Table 25: Europe Facial Recognition Market Value (US$ Mn), By Component, 2015 – 2021

Table 26: Europe Facial Recognition Market Value (US$ Mn), By Component, 2022 – 2032

Table 27: Europe Facial Recognition Market Value (US$ Mn), By Application, 2015 – 2021

Table 28: Europe Facial Recognition Market Value (US$ Mn), By Application, 2022 – 2032

Table 29: Europe Facial Recognition Market Value (US$ Mn), By Vertical, 2015 – 2021

Table 30: Europe Facial Recognition Market Value (US$ Mn), By Vertical, 2022 – 2032

Table 31: Europe Facial Recognition Market, By Country, 2015 – 2021

Table 32: Europe Facial Recognition Market, By Country, 2022 – 2032

Table 33: Asia Pacific Facial Recognition Market Value (US$ Mn), By Component, 2015 – 2021

Table 34: Asia Pacific Facial Recognition Market Value (US$ Mn), By Component, 2022 – 2032

Table 35: Asia Pacific Facial Recognition Market Value (US$ Mn), By Application, 2015 – 2021

Table 36: Asia Pacific Facial Recognition Market Value (US$ Mn), By Application, 2022 – 2032

Table 37: Asia Pacific Facial Recognition Market Value (US$ Mn), By Vertical, 2015 – 2021

Table 38: Asia Pacific Facial Recognition Market Value (US$ Mn), By Vertical, 2022 – 2032

Table 39: Asia Pacific Facial Recognition Market, By Country, 2015 – 2021

Table 40: Asia Pacific Facial Recognition Market, By Country, 2022 – 2032

Table 41: MEA Facial Recognition Market Value (US$ Mn), By Component, 2015 – 2021

Table 42: MEA Facial Recognition Market Value (US$ Mn), By Component, 2022 – 2032

Table 43: MEA Facial Recognition Market Value (US$ Mn), By Application, 2015 – 2021

Table 44: MEA Facial Recognition Market Value (US$ Mn), By Application, 2022 – 2032

Table 45: MEA Facial Recognition Market Value (US$ Mn), By Vertical, 2015 – 2021

Table 46: MEA Facial Recognition Market Value (US$ Mn), By Vertical, 2022 – 2032

Table 47: MEA Facial Recognition Market, By Country, 2015 – 2021

Table 48: MEA Facial Recognition Market, By Country, 2022 – 2032

Table 49: Global Facial Recognition Market Incremental $ Opportunity, By Component, 2015 - 2021

Table 50: Global Facial Recognition Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 51: Global Facial Recognition Market Incremental $ Opportunity, By Vertical, 2015 - 2021

Table 52: Global Facial Recognition Market Incremental $ Opportunity, By Region, 2022 – 2032

Table 53: North America Facial Recognition Market Incremental $ Opportunity, By Component, 2015 - 2021

Table 54: North America Facial Recognition Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 55: North America Facial Recognition Market Incremental $ Opportunity, By Vertical, 2015 – 2021

Table 56: North America Facial Recognition Market Incremental $ Opportunity, By Country, 2022 – 2032

Table 57: Latin America Facial Recognition Market Incremental $ Opportunity, By Component, 2015 - 2021

Table 58: Latin America Facial Recognition Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 59: Latin America Facial Recognition Market Incremental $ Opportunity, By Vertical, 2015 - 2021

Table 60: Latin America Facial Recognition Market Incremental $ Opportunity, By Country, 2022 – 2032

Table 61: Europe Facial Recognition Market Incremental $ Opportunity, By Component, 2015 - 2021

Table 62: Europe Facial Recognition Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 63: Europe Facial Recognition Market Incremental $ Opportunity, By Vertical, 2015 - 2021

Table 64: Europe Facial Recognition Market Incremental $ Opportunity, By Country, 2022 - 2032

Table 65: Asia Pacific Facial Recognition Market Incremental $ Opportunity, By Component, 2015 - 2021

Table 66: Asia Pacific Facial Recognition Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 67: Asia Pacific Facial Recognition Market Incremental $ Opportunity, By Vertical, 2015 - 2021

Table 68: Asia Pacific Facial Recognition Market Incremental $ Opportunity, By Country, 2022 – 2032

Table 69: MEA Facial Recognition Market Incremental $ Opportunity, By Component, 2015 - 2021

Table 70: MEA Facial Recognition Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 71: MEA Facial Recognition Market Incremental $ Opportunity, By Vertical, 2015 - 2021

Table 72: MEA Facial Recognition Market Incremental $ Opportunity, By Country, 2022 - 2032

Nikhil Kaitwade
Principal Consultant
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List of Charts

Figure 1: Global Facial Recognition Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 2: Global Facial Recognition Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 3: Global Facial Recognition Market Share, by Component, 2022 & 2032

Figure 4: Global Facial Recognition Market Y-o-Y Growth Projections, Type – 2022-2032

Figure 5: Global Facial Recognition Market Attractiveness Index, Type – 2022-2032

Figure 6: Global Facial Recognition Market Share, By Application, 2022 & 2032

Figure 7: Global Facial Recognition Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 8: Global Facial Recognition Market Attractiveness Index, By Application – 2022-2032

Figure 9: Global Facial Recognition Market Share, By Vertical, 2022 & 2032

Figure 10: Global Facial Recognition Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 11: Global Facial Recognition Market Attractiveness Index, By Vertical – 2022-2032

Figure 12: Global Facial Recognition Market Share, By Region, 2022 & 2032

Figure 13: Global Facial Recognition Market Y-o-Y Growth Projections, By Region – 2022-2032

Figure 14: Global Facial Recognition Market Attractiveness Index, By Region – 2022-2032

Figure 15: North America Facial Recognition Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 16: North America Facial Recognition Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast

Period (2022 – 2032), US$ Mn

Figure 17: North America Facial Recognition Market Share, Type, 2022 & 2032

Figure 18: North America Facial Recognition Market Y-o-Y Growth Projections, Type – 2022-2032

Figure 19: North America Facial Recognition Market Attractiveness Index, Type – 2022-2032

Figure 20: North America Facial Recognition Market Share, By Application, 2022 & 2032

Figure 21: North America Facial Recognition Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 22: North America Facial Recognition Market Attractiveness Index, By Application – 2022-2032

Figure 23: North America Facial Recognition Market Share, By Vertical, 2022 & 2032

Figure 24: North America Facial Recognition Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 25: North America Facial Recognition Market Attractiveness Index, By Vertical – 2022-2032

Figure 26: North America Facial Recognition Market Share, By Country, 2022 & 2032

Figure 27: North America Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 28: North America Market Attractiveness Index, By Country – 2022-2032

Figure 29: Latin America Facial Recognition Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 30: Latin America Facial Recognition Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 31: Latin America Facial Recognition Market Share, Type, 2022 & 2032

Figure 32: Latin America Facial Recognition Market Y-o-Y Growth Projections, Type – 2022-2032

Figure 33: Latin America Facial Recognition Market Attractiveness Index, Type – 2022-2032

Figure 34: Latin America Facial Recognition Market Share, By Application, 2022 & 2032

Figure 35: Latin America Facial Recognition Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 36: Latin America Facial Recognition Market Attractiveness Index, By Application – 2022-2032

Figure 37: Latin America Facial Recognition Market Share, By Vertical, 2022 & 2032

Figure 38: Latin America Facial Recognition Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 39: Latin America Facial Recognition Market Attractiveness Index, By Vertical – 2022-2032

Figure 40: Latin America Facial Recognition Market Share, By Country, 2022 & 2032

Figure 41: Latin America Facial Recognition Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 42: Latin America Facial Recognition Market Attractiveness Index, By Country – 2022-2032

Figure 43: Europe Facial Recognition Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 44: Europe Facial Recognition Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 45: Europe Facial Recognition Market Share, Type, 2022 & 2032

Figure 46: Europe Facial Recognition Market Y-o-Y Growth Projections, Type – 2022-2032

Figure 47: Europe Facial Recognition Market Attractiveness Index, Type – 2022-2032

Figure 48: Europe Facial Recognition Market Share, By Application, 2022 & 2032

Figure 49: Europe Facial Recognition Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 50: Europe Facial Recognition Market Attractiveness Index, By Application – 2022-2032

Figure 51: Europe Facial Recognition Market Share, By Vertical, 2022 & 2032

Figure 52: Europe Facial Recognition Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 53: Europe Facial Recognition Market Attractiveness Index, By Vertical – 2022-2032

Figure 54: Europe Facial Recognition Market Share, By Country, 2022 & 2032

Figure 55: Europe Facial Recognition Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 56: Europe Facial Recognition Market Attractiveness Index, By Country – 2022-2032

Figure 57: MEA Facial Recognition Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 58: MEA Facial Recognition Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 59: MEA Facial Recognition Market Share, Type, 2022 & 2032

Figure 60: MEA Facial Recognition Market Y-o-Y Growth Projections, Type – 2022-2032

Figure 61: MEA Facial Recognition Market Attractiveness Index, Type – 2022-2032

Figure 62: MEA Facial Recognition Market Share, By Application, 2022 & 2032

Figure 63: MEA Facial Recognition Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 64: MEA Facial Recognition Market Attractiveness Index, By Application – 2022-2032

Figure 65: MEA Facial Recognition Market Share, By Vertical, 2022 & 2032

Figure 66: MEA Facial Recognition Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 67: MEA Facial Recognition Market Attractiveness Index, By Vertical – 2022-2032

Figure 68: MEA Facial Recognition Market Share, By Country, 2022 & 2032

Figure 69: MEA Facial Recognition Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 70: MEA Facial Recognition Market Attractiveness Index, By Country – 2022-2032

Figure 71: Asia Pacific Facial Recognition Market Value (US$ Mn) and Year-on-Year Growth, 2015-2030

Figure 72: Asia Pacific Facial Recognition Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 73: Asia Pacific Facial Recognition Market Share, Type, 2022 & 2032

Figure 74: Asia Pacific Facial Recognition Market Y-o-Y Growth Projections, Type – 2022-2032

Figure 75: Asia Pacific Facial Recognition Market Attractiveness Index, Type – 2022-2032

Figure 76: Asia Pacific Facial Recognition Market Share, By Application, 2022 & 2032

Figure 77: Asia Pacific Facial Recognition Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 78: Asia Pacific Facial Recognition Market Attractiveness Index, By Application – 2022-2032

Figure 79: Asia Pacific Facial Recognition Market Share, By Vertical, 2022 & 2032

Figure 80: Asia Pacific Facial Recognition Market Y-o-Y Growth Projections, By Vertical – 2022-2032

Figure 81: Asia Pacific Facial Recognition Market Attractiveness Index, By Vertical – 2022-2032

Figure 82: Asia Pacific Facial Recognition Market Share, By Country, 2022 & 2032

Figure 83: Asia Pacific Facial Recognition Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 84: Asia Pacific Facial Recognition Market Attractiveness Index, By Country – 2022-2032

Figure 85: US Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 86: US Facial Recognition Market Share, Type, 2021

Figure 87: US Facial Recognition Market Share, By Application, 2021

Figure 88: US Facial Recognition Market Share, By Vertical, 2021

Figure 89: Canada Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 90: Canada Facial Recognition Market Share, Type, 2021

Figure 91: Canada Facial Recognition Market Share, By Application, 2021

Figure 92: Canada Facial Recognition Market Share, By Vertical, 2021

Figure 93: Brazil Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 94: Brazil Facial Recognition Market Share, Type, 2021

Figure 95: Brazil Facial Recognition Market Share, By Application, 2021

Figure 96: Brazil Facial Recognition Market Share, By Vertical, 2021

Figure 97: Mexico Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 98: Mexico Facial Recognition Market Share, Type, 2021

Figure 99: Mexico Facial Recognition Market Share, By Application, 2021

Figure 100: Mexico Facial Recognition Market Share, By Vertical, 2021

Figure 101: Germany Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 102: Germany Facial Recognition Market Share, Type, 2021

Figure 103: Germany Facial Recognition Market Share, By Application, 2021

Figure 104: Germany Facial Recognition Market Share, By Vertical, 2021

Figure 105: U.K. Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 106: U.K. Facial Recognition Market Share, Type, 2021

Figure 107: U.K. Facial Recognition Market Share, By Application, 2021

Figure 108: U.K. Facial Recognition Market Share, By Vertical, 2021

Figure 109: France Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 110: France Facial Recognition Market Share, Type, 2021

Figure 111: France Facial Recognition Market Share, By Application, 2021

Figure 112: France Facial Recognition Market Share, By Vertical, 2021

Figure 113: Italy Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 114: Italy Facial Recognition Market Share, Type, 2021

Figure 115: Italy Facial Recognition Market Share, By Application, 2021

Figure 116: Italy Facial Recognition Market Share, By Vertical, 2021

Figure 117: BENELUX Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 118: BENELUX Facial Recognition Market Share, Type, 2021

Figure 119: BENELUX Facial Recognition Market Share, By Application, 2021

Figure 120: BENELUX Facial Recognition Market Share, By Vertical, 2021

Figure 121: Nordic Countries Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 122: Nordic Countries Facial Recognition Market Share, Type, 2021

Figure 123: Nordic Countries Facial Recognition Market Share, By Application, 2021

Figure 124: Nordic Countries Facial Recognition Market Share, By Vertical, 2021

Figure 125: China Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 126: China Facial Recognition Market Share, Type, 2021

Figure 127: China Facial Recognition Market Share, By Application, 2021

Figure 128: China Facial Recognition Market Share, By Vertical, 2021

Figure 129: Japan Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 130: Japan Facial Recognition Market Share, Type, 2021

Figure 131: Japan Facial Recognition Market Share, By Application, 2021

Figure 132: Japan Facial Recognition Market Share, By Vertical, 2021

Figure 133: South Korea Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 134: South Korea Facial Recognition Market Share, Type, 2021

Figure 135: South Korea Facial Recognition Market Share, By Application, 2021

Figure 136: South Korea Facial Recognition Market Share, By Vertical, 2021

Figure 137: GCC Countries Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 138: GCC Countries Facial Recognition Market Share, Type, 2021

Figure 139: GCC Countries Facial Recognition Market Share, By Application, 2021

Figure 140: GCC Countries Facial Recognition Market Share, By Vertical, 2021

Figure 141: South Africa Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 142: South Africa Facial Recognition Market Share, Type, 2021

Figure 143: South Africa Facial Recognition Market Share, By Application, 2021

Figure 144: South Africa Facial Recognition Market Share, By Vertical, 2021

Figure 145: Turkey Facial Recognition Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 146: Turkey Facial Recognition Market Share, Type, 2021

Figure 147: Turkey Facial Recognition Market Share, By Application, 2021

Figure 148: Turkey Facial Recognition Market Share, By Vertical, 2021

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