Facial recognition market to grow by 16.41% Y-O-Y in 2023; Increasing instances of identity threats will drive growth - Technavio
NEW YORK, Jan. 24, 2023 /PRNewswire/ --
Facial recognition market insights -
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In 2017, the facial recognition market was valued at USD 3847.18 million. From a regional perspective, North America held the largest market share, valued at USD 1,444.23 million. The facial recognition market size is estimated to grow by USD 7634.09 million from 2022 to 2027 at a CAGR of 18.11% according to Technavio.
Facial recognition market - Customer Landscape
Global Facial recognition market - Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including –
Facial recognition market – Market Dynamics
Major Drivers –
KEY challenges –
The facial recognition market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
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