Facial Recognition Market: A Study of the Industry’s Key Players and Their Strategies

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A Global Facial Recognition Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Facial Recognition industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Facial Recognition market, this study covers qualitative and quantitative aspects of the Facial Recognition market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.

The global facial recognition market size is expected to reach USD 13.87 Billion at a steady CAGR of 15.7% in 2028, according to latest analysis by Emergen Research. This steady market revenue growth can be attributed to rising need for physical security, increasing deployment and use of biometric devices, and rising deployment of 5G technology. Rising demand for electronic devices such as mobile phones, wearable devices, smart devices, and increase in technology adoption such as cloud-based technology and IoT is expected to continue to fuel growth of the global facial recognition market going ahead

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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Facial Recognition industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Facial Recognition industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Facial Recognition industry.

Radical Highlights of the Facial Recognition Market Report:

  • Comprehensive overview of the Facial Recognition market along with analysis of the changing dynamics of the market
  • Growth Assessment of various market segments throughout the forecast period
  • Regional and global analysis of the market players, including their market share and global position
  • Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
  • Impact of the technological developments and R&D advancements on the Facial Recognition market
  • Information about profit-making strategies and developmental strategies of major companies and manufacturers
  • Insightful information for the new entrants willing to enter the market
  • Details and insights about business expansion strategies, product launches, and other collaborations
  • The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Facial Recognition market expected to boost the growth of the industry in the coming years.

Facial Recognition Market Segmentation:

  • Component Outlook (Revenue, USD Billion; 2018–2028)

    • Hardware
    • Software

  • Technology Outlook (Revenue, USD Billion; 2018–2028)

    • 2D Facial Recognition
    • 3D Facial Recognition
    • Facial Analytics

  • Application Outlook (Revenue, USD Billion; 2018–2028)

    • Physical Security
    • ID Management
    • Criminal Investigation
    • Business Intelligence
    • Photo Indexing and Sorting

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Facial Recognition market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

NEC Corporation, Cognitec Systems, Aware Inc., FaceFirst Inc., Safran SA, Panasonic Corporation, Gemalto NV, Key Lemon Ltd., Ayonix Corporation, Face++

Regional Landscape section of the Facial Recognition report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Additional information offered by the report:

  • Along with a complete overview of the global Facial Recognition market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Facial Recognition market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

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Highlights of Table of Contents (TOC):

  • Overview of Global Facial Recognition Market
  • Competitive analysis of the Facial Recognition market
  • Regional analysis of Global Facial Recognition market production and revenue
  • Regional analysis of Global Facial Recognition market supply, consumption, and export & import
  • Type-based market analysis of global Facial Recognition production, revenue, and price trends
  • Application-based analysis of the global Facial Recognition market
  • Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Facial Recognition market
  • Conclusion of the research report
  • Appendix

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