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MarketsandMarkets forecasts the global facial recognition market size to grow from USD 3.2 billion in 2019 to USD 7.0 billion by 2024, at a CAGR of 16.6% during 2019-2024NEW YORK, Jan. 22, 2020 /PRNewswire/ -- The global facial recognition market size to grow at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period Read the full report: https://www.reportlinker.com/p05208353/?utm_source=PRN Futhermore, growth is anticipated with technological advancements, along with the mandatory regulations imposed by government regulatory entities to adopt the best-in-class technologies and standards. Fast expansion of regional enterprises in the APAC region is another crucial variant contributing to the growth of the facial recognition market. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup profiles of the primary participants are as follows: • By Company: Tier I: 15%, Tier II: 42%, and Tier III: 43% • By Designation: C-Level: 62%, Director Level: 20%, and Others: 18% • By Region: North America: 40%, APAC: 30%, Europe: 20%, MEA: 5%, and Latin America: 5% The report includes the study of the key players offering facial recognition solutions. It profiles major vendors in the global facial recognition market including NEC (Japan), Aware (US), Gemalto (Netherlands), Ayonix Face Technologies (Japan), Cognitec Systems GmbH (Germany), NVISO SA (Switzerland), Daon (US), StereoVision Imaging (US), Techno Brain (Kenya), Neurotechnology (Lithuania), Innovatrics (Slovakia), id3 Technologies (France), IDEMIA (France), Animetrics (US), and MEGVII (China). Research coverage The report segments the global facial recognition market by component, application area, vertical, and region.The application area segment comprises emotion recognition, attendance tracking and monitoring, access control, law enforcement, and others (robotics and eLearning). The verticals segment comprises 7 verticals, namely, Banking, Financial Services, and Insurance (BFSI); government and defense; retail and eCommerce; healthcare; education; automotive; and others (manufacturing, telecom, and energy and utilities).The facial recognition market by offering has software tools and services. The report covers the facial recognition market with respect to 5 major regions: North America, Europe, APAC, Latin America, and Middle East and Africa (MEA). The report would help the market leaders and new entrants in the global facial recognition market in the following ways: 1. The report segments the market into various subsegments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split across applications and regions. 2. It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities. 3. It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies. Read the full report: https://www.reportlinker.com/p05208353/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker |