Facial Recognition Market Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2028

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The global face Recognition systems market size is expected to reach USD 13.09 Billion in 2028 and register a revenue CAGR of 16.8% during the forecast period.

Reports and Data has recently published a market research report on Global Facial Recognition   Market which is an extensive study of the industry and analyzes key factors affecting market growth such as government policies and regulatory framework, emerging technologies, current and future trends, market risks and challenges, opportunities, and growth prospects. The report further analyzes historical data, current and future market trends, recent technological developments, key competitors, and regional bifurcation. The report applies advanced tools such as SWOT analysis and Porter’s Five Forces analysis for an accurate estimation of the market. The statistical data is explained by the means of graphs, charts, diagrams, figures, and tables to impart clear understanding of the market.  

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The report discusses in-depth the strategic initiatives taken by major market players for expanding their consumer base and to gain robust footing in the Facial Recognition Market. It provides critical insights into their market share, market size, revenue contribution, product portfolio, and manufacturing and production capacities. The report also covers a list of mergers, acquisitions, joint ventures, product launches, collaborations, partnerships, brand promotions, and agreements, among others. Moreover, it also discusses about the business expansion strategies and investment plans formulated by each key player.

Companies profiled in the report include NEC Corporation, Cognitec Systems GmbH, Nuance Communications, Daon, Inc., Dell Technologies, Microsoft Corporation, Google LLC, 3M company, Animetrics, Inc, Aware, Inc., and Gemalto.

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The report provides an in-depth assessment of the factors that are expected to generate lucrative opportunities for revenue generation and gain sizeable market share. The report gives crucial data about the current and future trends that will impact the market growth for well established companies as well as new entrants.

The regional analysis of the Facial Recognition Market provides an insight into the regions expected to account for largest revenue share in the market. According to regional analysis, the Facial Recognition Market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report discusses in detail the current and emerging trends, presence of key companies, production and consumption ratio, export/import, supply and demand, revenue share, market share, market size, revenue growth, and key technological developments in each region.

The report provides crucial insights into revenue growth, global and regional analysis, and market segmentation based on types and applications. It also offers information about the segment expected to register lucrative growth over the forecast period.

Component Outlook (Revenue, USD Million; 2018–2028)

  • Software
  • Hardware
  • Services

End-Use Outlook (Revenue, USD Million; 2018–2028)

  • Security and Law Enforcement
  • Healthcare
  • Retail E-commerce
  • BFSI
  • Automobile and Transportation
  • Telecom and IT
  • Other End Uses

Application Outlook (Revenue, USD Million; 2018–2028)

  • Access Control
  • Emotion Recognition
  • Attendance Tracking and Monitoring
  • Web Application
  • Business Intelligence
  • Photo Indexing and Sorting
  • Others

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