Facial Recognition Market Size, Share & Trends Analysis Report By Technology (2D, 3D), By Application (Emotion Recognition, Attendance Tracking & Monitoring), By End Use, And Segment Forecasts, 2020 - 2027

Published: Mar, 2020 | Pages: 100 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global facial recognition market size is expected to reach USD 9.93 billion by 2027, accordingto a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 14.5% from 2020 to 2027.

Facial recognition is a contactless biometric solution that is a critical factor contributing to the market growth. Contactless solutions enable easy deployment in consumer devices. It is also very simple and convenient to use, further contributing to rising adoption. Apart from individual identities, the technology has an ability to gather demographic data on crowds; thus, increasing its usability. Such factors are anticipated to drive the growth.

Increasing security needs in government sectors for employee attendance and identification is expected to be a key driver for the facial recognition market over the forecast period. Technology advancements such as cloud-based services and 3D recognition systems are further expected to fuel the overall adoption of facial recognition technology. Rising demand for data security has driven the adoption of technology across various organizations. Increased usage of personal devices as part of the BYOD policy in the IT sector has furthermore contributed to this growth.

Face recognition technology is less prone to security breaches as compared to traditional authorization methods as it requires human in physical form to provide any kind of access, thereby providing high level of security. For instance, In February 2020, Aware, Inc. announced that its software solution, Knomi, had been chosen by several leading banks in Latin America. The software solution aims to enhance the authentication and security for their mobile applications for clients all over the world. Clients will then be able to gain access to using facial recognition and authentication, replacing passwords, by logging onto their mobile banking application.

Further key findings from the report suggest:

• Face recognition is very easy to deploy and implement. It also provides a quick face detection and match process for identification/verification. These factors have substantially contributed to rapid adoption

• The facial analytics segment is expected to portray high CAGR of 20.8% over the projected period. Face recognition by using facial analytics provides high accuracy because this technology is relatively insensitive to changes in expression thereby providing accurate results

• Asia Pacific is expected to witness significant growth over the forecast period, owing to the rapid adoption of the technology in developing economics

• The key facial recognition market players areAware, Inc.; FacePhi.; NEC Corporation; IDEMIA; TECH5; Onfido; Ayonix Corporation; Gemalto NV; Cognitec Systems GmbH; Precise Biometrics; NtechLab; and Fujitsu

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Information Procurement
                 1.2 Information Analysis
                 1.3 Market formulation & data visualization
                 1.4 Market Definition
                 1.5 Market Scope and Assumptions
                     1.5.1 Secondary Sources
                     1.5.2 Primary Sources
Chapter 2 Executive Summary
                 2.1 Market Outlook
Chapter 3 Facial Recognition Market Variables, Trends & Scope
                 3.1 Market Segmentation
                 3.2 Penetration & Growth Prospect Mapping
                 3.3 Value Chain Analysis
                 3.4 Market Dynamics
                     3.4.1 Market Drivers
                         3.4.1.1 Technological Advancements such as 3D recognition systems and cloud-based solutions
                         3.4.1.2 Growing adoption of face recognition in different verticals
                     3.4.2 Market Restraints
                         3.4.2.1 High Implementation Costs
                 3.5 Technology Overview
                 3.6 Industry Analysis - Porter’s
                     3.6.1 Supplier Power
                     3.6.2 Buyer Power
                     3.6.3 Substitution Threat
                     3.6.4 Threat from new entrant
                     3.6.5 Competitive rivalry
                 3.7 PEST Analysis
                     3.7.1 Political
                     3.7.2 Economic
                     3.7.3 Social
                     3.7.4 Technological
                 3.8 Major Deals and Strategic Alliances, 2019
                     3.8.1 Mergers and Acquisitions
Chapter 4 Facial Recognition: Technology Outlook
                 4.1 2D
                     4.1.1 2D Facial Recognition market, By Region, 2016 - 2027
                 4.2 3D
                     4.2.1 3D Facial Recognition market, By Region, 2016 - 2027
                 4.3 Facial Analytics
                     4.3.1 Facial Analytics Facial Recognition market, By Region, 2016 - 2027
Chapter 5 Facial Recognition: Application Outlook
                 5.1 Emotion Recognition
                     5.1.1 Emotion Recognition Facial Recognition market, By Region, 2016 - 2027
                 5.2 Attendance Tracking and Monitoring
                     5.2.1 Attendance Tracking and Monitoring Facial Recognition market, By Region, 2016 - 2027
                 5.3 Access Control
                     5.3.1 Access Control Facial Recognition market, By Region, 2016 - 2027
                 5.4 Security & Surveillance
                     5.4.1 Security & Surveillance Facial Recognition market, By Region, 2016 - 2027
                 5.5 Others
                     5.5.1 Others Facial Recognition market, By Region, 2016 - 2027
Chapter 6 Facial Recognition: End-Use Outlook
                 6.1 Retail & E-commerce
                     6.1.1 Retail & E-commerce Facial Recognition market, BY Region, 2016 - 2027
                 6.2 Media & Entertainment
                     6.2.1 Media & Entertainment Facial Recognition market, By Region, 2016 - 2027
                 6.3 BFSI
                     6.3.1 BFSI Facial Recognition market, By Region, 2016 - 2027
                 6.4 Automobile & Transportation
                     6.4.1 Automobile & Transportation Facial Recognition market, By Region, 2016 - 2027
                 6.5 Telecom & IT
                     6.5.1 Telecom & IT Facial Recognition market, By Region, 2016 - 2027
                 6.6 Government
                     6.6.1 Government Facial Recognition market, By Region, 2016 - 2027
                 6.7 Healthcare
                     6.7.1 HealthcareFacial Recognition market, By Region, 2016 - 2027
                 6.8 Others
                     6.8.1 Others Facial Recognition market, By Region, 2016 - 2027
Chapter 7 Facial Recognition: Regional Outlook
                 7.1 Regional Trends
                 7.2 North America
                     7.2.1 North America Facial Recognition Market, By technology, 2016 - 2027
                     7.2.2 North America Facial Recognition Market, By application, 2016 - 2027
                     7.2.3 North America Facial Recognition Market, By end-use, 2016 - 2027
                     7.2.4 U.S.
                         7.2.4.1 U.S. Facial Recognition Market, By technology, 2016 - 2027
                         7.2.4.2 U.S. Facial Recognition Market, By application, 2016 - 2027
                         7.2.4.3 U.S. Facial Recognition Market, By end-use, 2016 - 2027
                     7.2.5 Canada
                         7.2.5.1 Canada Facial Recognition Market, By technology, 2016 - 2027
                         7.2.5.2 Canada Facial Recognition Market, By application, 2016 - 2027
                         7.2.5.3 Canada Facial Recognition Market, By end-use, 2016 - 2027
                     7.2.6 Mexico
                         7.2.6.1 Mexico Facial Recognition Market, By technology, 2016 - 2027
                         7.2.6.2 Mexico Facial Recognition Market, By application, 2016 - 2027
                         7.2.6.3 Mexico Facial Recognition Market, By end-use, 2016 - 2027
                 7.3 Europe
                     7.3.1 Europe Facial Recognition Market, By technology, 2016 - 2027
                     7.3.2 Europe Facial Recognition Market, By application, 2016 - 2027
                     7.3.3 Europe Facial Recognition Market, By end-use, 2016 - 2027
                     7.3.4 Germany
                         7.3.4.1 Germany Facial Recognition Market, By technology, 2016 - 2027
                         7.3.4.2 Germany Facial Recognition Market, By application, 2016 - 2027
                         7.3.4.3 Germany Facial Recognition Market, By end-use, 2016 - 2027
                     7.3.5 U.K.
                         7.3.5.1 U.K. Facial Recognition Market, By technology, 2016 - 2027
                         7.3.5.2 U.K. Facial Recognition Market, By application, 2016 - 2027
                         7.3.5.3 U.K. Facial Recognition Market, By end-use, 2016 - 2027
                     7.3.6 France
                         7.3.6.1 France Facial Recognition Market, By technology, 2016 - 2027
                         7.3.6.2 France Facial Recognition Market, By application, 2016 - 2027
                         7.3.6.3 France Facial Recognition Market, By end-use, 2016 - 2027
                 7.4 Asia Pacific
                     7.4.1 Asia Pacific Facial Recognition Market, By technology, 2016 - 2027
                     7.4.2 Asia Pacific Facial Recognition Market, By application, 2016 - 2027
                     7.4.3 Asia Pacific Facial Recognition Market, By end-use, 2016 - 2027
                     7.4.4 China
                         7.4.4.1 China Facial Recognition Market, By technology, 2016 - 2027
                         7.4.4.2 China Facial Recognition Market, By application, 2016 - 2027
                         7.4.4.3 China Facial Recognition Market, By end-use, 2016 - 2027
                     7.4.5 Japan
                         7.4.5.1 Japan Facial Recognition Market, By technology, 2016 - 2027
                         7.4.5.2 Japan Facial Recognition Market, By application, 2016 - 2027
                         7.4.5.3 Japan Facial Recognition Market, By end-use, 2016 - 2027
                     7.4.6 India
                         7.4.6.1 India Facial Recognition Market, By technology, 2016 - 2027
                         7.4.6.2 India Facial Recognition Market, By application, 2016 - 2027
                         7.4.6.3 India Facial Recognition Market, By end-use, 2016 - 2027
                 7.5 South America
                     7.5.1 South America Facial Recognition Market, By technology, 2016 - 2027
                     7.5.2 South America Facial Recognition Market, By application, 2016 - 2027
                     7.5.3 South America Facial Recognition Market, By end-use, 2016 - 2027
                     7.5.4 Brazil
                         7.5.4.1 Brazil Facial Recognition Market, By technology, 2016 - 2027
                         7.5.4.2 Brazil Facial Recognition Market, By application, 2016 - 2027
                         7.5.4.3 Brazil Facial Recognition Market, By end-use, 2016 - 2027
                 7.6 MEA
                     7.6.1 MEA Facial Recognition Market, By technology, 2016 - 2027
                     7.6.2 MEA Facial Recognition Market, By application, 2016 - 2027
                     7.6.3 MEA Facial Recognition Market, By end-use, 2016 - 2027
Chapter 8 Competitive Landscape
                 8.1 Aware, Inc.
                     8.1.1 Company overview
                     8.1.2 Financial performance
                     8.1.3 Product benchmarking
                     8.1.4 Recent developments
                 8.2 FacePhi.
                     8.2.1 Company overview
                     8.2.2 Financial performance
                     8.2.3 Product benchmarking
                     8.2.4 Recent developments
                 8.3 NEC Corporation
                     8.3.1 Company overview
                     8.3.2 Financial performance
                     8.3.3 Product benchmarking
                     8.3.4 Recent developments
                 8.4 IDEMIA
                     8.4.1 Company overview
                     8.4.2 Financial performance
                     8.4.4 Product benchmarking
                     8.4.5 Recent developments
                 8.5 TECH5
                     8.5.1 Company overview
                     8.5.2 Financial performance
                     8.5.4 Product benchmarking
                     8.5.5 Recent developments
                 8.6 Onfido
                     8.6.1 Company overview
                     8.6.2 Financial performance
                     8.6.3 Product benchmarking
                     8.6.4 Recent developments
                 8.7 Ayonix Corporation
                     8.7.1 Company overview
                     8.7.2 Financial performance
                     8.7.3 Product benchmarking
                     8.7.4 Recent developments
                 8.8 Gemalto NV
                     8.8.1 Company overview
                     8.8.2 Financial performance
                     8.8.3 Product benchmarking
                     8.8.4 Recent developments
                 8.9 Cognitec Systems GmbH
                     8.9.1 Company overview
                     8.9.2 Financial performance
                     8.9.3 Product benchmarking
                     8.9.4 Recent developments
                 8.10 Fujitsu
                     8.10.1 Company overview
                     8.10.2 Financial performance
                     8.10.3 Product benchmarking
                     8.10.4 Recent developments

List of Tables

TABLE 1 Facial Recognition Market Outlook
TABLE 2 Global Facial recognition market, 2016 - 2027 (USD Million)
TABLE 3 Global Facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 4 Global Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 5 Global Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 6 Global Facial recognition market by end-use, (USD Million), 2016 - 2027
TABLE 7 Facial recognition - Key market driver impact
TABLE 8 Facial recognition - Key market restraint impact
TABLE 9 List of key market players
TABLE 10 Global 2D facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 11 Global 3D facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 12 Global facial analytics facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 13 Global emotion recognition facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 14 Global attendance tracking and monitoring facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 15 Global access control facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 16 Global security & surveillance facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 17 Global others facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 18 Global retail & e-commerce facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 19 Global media & entertainment facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 20 Global BFSI facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 21 Global automobile & transportation facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 22 Global telecom & IT facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 23 Global government facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 24 Global healthcare facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 25 Global others facial recognition market by region, 2016 - 2027 (USD Million)
TABLE 26 North America Facial recognition market, 2016 - 2027 (USD Million)
TABLE 27 North America Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 28 North America Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 29 North America Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 30 U.S. Facial recognition market, 2016 - 2027 (USD Million)
TABLE 31 U.S. Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 32 U.S. Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 33 U.S. Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 34 Canada Facial recognition market, 2016 - 2027 (USD Million)
TABLE 35 Canada Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 36 Canada Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 37 Canada Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 38 Mexico Facial recognition market, 2016 - 2027 (USD Million)
TABLE 39 Mexico Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 40 Mexico Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 41 Mexico Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 42 Europe Facial recognition market, 2016 - 2027 (USD Million)
TABLE 43 Europe Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 44 Europe Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 45 Europe Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 46 Germany. Facial recognition market, 2016 - 2027 (USD Million)
TABLE 47 Germany Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 48 Germany Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 49 Germany Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 50 U.K. Facial recognition market, 2016 - 2027 (USD Million)
TABLE 51 U.K. Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 52 U.K. Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 53 U.K. Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 54 France Facial recognition market, 2016 - 2027 (USD Million)
TABLE 55 France Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 56 France Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 57 France Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 58 Asia Pacific Facial recognition market, 2016 - 2027 (USD Million)
TABLE 59 Asia Pacific Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 60 Asia Pacific Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 61 Asia Pacific Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 62 China Facial recognition market, 2016 - 2027 (USD Million)
TABLE 63 China Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 64 China Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 65 China Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 66 Japan Facial recognition market, 2016 - 2027 (USD Million)
TABLE 67 Japan Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 68 Japan Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 69 Japan Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 70 India Facial recognition market, 2016 - 2027 (USD Million)
TABLE 71 India Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 72 India Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 73 India Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 74 South America Facial recognition market, 2016 - 2027 (USD Million)
TABLE 75 South America Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 76 South America Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 77 South America Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 78 Brazil Facial recognition market, 2016 - 2027 (USD Million)
TABLE 79 Brazil Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 80 Brazil Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 81 Brazil Facial recognition market by end-use, 2016 - 2027 (USD Million)
TABLE 82 MEA Facial recognition market, 2016 - 2027 (USD Million)
TABLE 83 MEA Facial recognition market by technology, 2016 - 2027 (USD Million)
TABLE 84 MEA Facial recognition market by application, 2016 - 2027 (USD Million)
TABLE 85 MEA Facial recognition market by end-use, 2016 - 2027 (USD Million)

List of Figures

FIG. 1 Research process
FIG. 2 Market Formulation
FIG. 3 Market segmentation & scope
FIG. 4 Global facial recognition market 2016 - 2027 (USD Million)
FIG. 5 Facial recognition market size and growth prospects (USD Million)
FIG. 6 Facial recognition - Value chain analysis
FIG. 7 Market dynamics
FIG. 8 Regional outlook, 2019 & 2027

To request a free sample copy of this report, please complete the form below.

Interested in this report? Get your FREE sample now! Get a Free Sample

Did you know?

Our library has over 100000 reports on 1000s of topics

Over 100+ Fortune 500 companies rely on us

90,000+ people come to us for insights every month

Research Assistance

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Why to buy from us

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Information security

Your personal and confidential information is safe and secure.