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Published Date: 2015-07-23Number of Pages: 127

Facial Recognition Market (By Technology Type - 2D Facial Recognition, 3D Facial Recognition and Facial Analytics; By End-use Industry - Government and Utilities; Military; Homeland Security; BFSI; Retail; Others (Digital Signage, Automotive, Web Applications, and Mobile Applications)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022

The global facial recognition market was valued at US$ 1,307.0 Mn in 2014 and is expected to grow at a CAGR of 9.5% from 2015 to 2022. Currently, the market is primarily driven by robust technological advancements for development of efficient surveillance systems required by civil and government agencies. This is due to rising instances of criminal and terrorist activities and identification of fraud cases across the globe. Moreover, facial recognition systems that can scan images in all environmental conditions are being developed using 3D facial recognition technology. This would help overcome the barriers of 2D facial recognition technology that include light and pose deflections of the object. However, restrictions on users to share their personal details i.e. covert monitoring of an individual, is expected to hinder the market growth. Furthermore, increased adoption of facial recognition in web applications for picture tagging, social interaction, and others is expected to drive the demand for facial recognition in future.

The global facial recognition market is analyzed on the basis of parameters such as type of technology, end-use industry and geographic regions. Of the different technology types, the 2D facial recognition technology segment contributed a significant revenue share in the global market in 2014. This is due to the adoption and acceptance of 2D facial recognition technology in surveillance, which is primarily due to its low cost and easy installation using existing cameras. The market for 3D facial recognition technology, that offers better and accurate results, is expected to record steady growth as compared to 2D technology. Furthermore, the facial recognition market is witnessing development of facial analytics systems that help generate descriptive metadata about a given face, apart from simple identification. This has resulted in the use of facial recognition technique as both identification and authentication tools.

Facial recognition technology, primarily used for human face detection and identification helps in better surveillance at a particular location where strict people movement monitoring is required. Thus, this technology has wide acceptance across industry verticals namely government and utilities, military, homeland security, banking, financial services, and insurance (BFSI), retail, and others. In 2014, the government and utilities segment recorded the highest market revenue share as compared to other end-use industries. This is due to the growing security threats at government organizations and departments coupled with the demand for better authentication systems to minimize crimes related to identification (ID) frauds. Apart from its wide use in border control, facial recognition is extensively used for law enforcement in order to covertly monitor people. However, in future, facial recognition is expected to be used as authentication method in various handheld devices such as laptops, computers, and smart phones. Furthermore, retail industry is expected to witness rapid adoption of facial recognition in terms of security as well as surveillance to monitor customer behavior.

Geographically, North America dominated the global facial recognition market in 2014 and accounted for around 38% share of the total market in the same year. Further, the Asia-Pacific region with major markets such as Australia, Japan, South Korea, India, China, Malaysia, and Singapore, is expected to record steady growth as compared to other regions in later years of the forecast period. Other countries such as Mexico, Brazil, and few of the Middle Eastern countries are expected to witness wide adoption of facial recognition technology.

facial-recognition-2015-market

 

The facial recognition market is dominated by players such NEC Corporation, Safran Group, Cognitec Systems, Aware Inc., Cross Match Technologies Inc., 3M Cogent Inc., Animetrics, Inc., Ayonix, Inc., FaceFirst Inc. (Airborne Biometrics Group Inc.), ZK Software, and Aurora Computer Services Ltd. Of these, NEC Corporation, Cognitec Systems, and Safran Group (Morpho S.A.) held a significant revenue share in the global facial recognition market.

 

Chapter 1 Preface

1.1 Report Description

1.2 Market Segmentation

1.3 Research Methodology

1.3.1 Sources

1.3.1.1 Secondary research

1.3.1.2 Primary research

 

Chapter 2 Executive Summary

2.1 Market snapshot: Global Facial Recognition Market (2014 & 2022)

2.2 Global Facial Recognition Market Revenue (US$ Mn) and Forecast, 2015 – 2022, and Y-o-Y Growth (%)

 

Chapter 3 Global Facial Recognition Market Analysis, 2012 – 2022 (US$ Mn)

3.1 Introduction and Market Definition

3.2 Market Trends and Future Outlook

3.2.1 Development of Facial Recognition Systems to Scan Subjects Accurately in all Conditions

3.2.2 Adoption of Facial Recognition Technology in Web Applications

3.2.3 Facial Recognition Technology finds Extensive Application in Consumer Electronics

3.3 Market Dynamics

3.3.1 Drivers

3.3.1.1 Rising Demand for Advanced Surveillance Systems in Civil and Government Agencies for Enhancing Safety and Security

3.3.1.2 Wide Acceptance of Facial Recognition in the Entertainment Industry

3.3.1.3 Impact Analysis of Drivers

3.3.2 Market Restraints

3.3.2.1 Increased Sensitivity of People Toward Privacy and Associated Risks of Shared Personal Data

3.3.2.2 Impact Analysis of Restraints

3.3.3 Market Opportunities

3.3.3.1 Proliferation of Technically Advanced Facial Recognition Systems with Application in Drones, Mobile Security, and Retail

3.3.3.2 Life-Span Determination through Facial Recognition

3.4 Global Facial Recognition Market Analysis, by Technology Type, 2012 – 2022 (US$ Mn)

3.4.1 Overview

3.4.1.1 Global Facial Recognition Market Revenue, by Technology Type, 2012 – 2022 (US$ Mn)

3.4.1.2 Global Facial Recognition Market Segment Share, by Technology Type, 2014 & 2022 (%)

3.4.2 2D Facial Recognition Technology

3.4.2.1 Percentage of Designated Mobile Workers vs. Employees who use Mobile Device for Work

3.4.2.2 Average Number of Connected Devices per Knowledge Worker, 2012 And 2014

3.4.2.3 Global 2D Facial Recognition Technology Market Revenue, 2012 – 2022 (US$ Mn)

3.4.3 3D Facial Recognition Technology

3.4.3.1 Global 3D Facial Recognition Technology Market Revenue, 2012 – 2022 (US$ Mn)

3.4.4 Facial Analytics Technology

3.4.4.1 Global Facial Analytics Technology Market, 2012 – 2022 (US$ Mn)

3.5 Facial Recognition Market Analysis, by End-use Industry, 2012 – 2022 (US$ Mn)

3.5.1 Overview

3.5.1.1 Global Facial Recognition Market Revenue, by End-Use Industry, 2012 – 2022 (US$ Mn)

3.5.1.2 Global Facial Recognition Market Segment Share, by End-Use Industry, 2014 & 2022 (%)

3.5.2 Government and Utilities

3.5.2.1 Crime Statistics: U.S. (Identity Theft/Fraud Statistics)

3.5.2.2 Crime Statistics: U.S. (Identity Fraud Rate)

3.5.2.3 Global Facial Recognition in Government and Utilities Market Revenue, 2012 – 2022 (US$ Mn)

3.5.3 Military

3.5.3.1 Global Facial Recognition in Military Market Revenue, 2012 – 2022 (US$ Mn)

3.5.4 Homeland Security

3.5.4.1 Global Facial Recognition in Homeland Security Market Revenue, 2012 – 2022 (US$ Mn)

3.5.5 Banking, Financial Services, and Insurance (BFSI)

3.5.5.1 Percentage of Respondents who Experienced Card Fraud

3.5.5.2 Global Facial Recognition in Banking, Financial Services, and Insurance (BFSI) Market Revenue, 2012 – 2022 (US$ Mn)

3.5.6 Retail Industry

3.5.6.1 Global Facial Recognition in Retail Industry Market Revenue, 2012 – 2022 (US$ Mn)

3.5.7 Others (Digital Signage, Automotive, Web Applications, and Mobile Applications)

3.5.7.1 Global Facial Recognition in Others Market Revenue, 2012 – 2022 (US$ Mn)

3.6 Competitive Landscape

3.6.1 Summary

3.6.2 Analysis of Key Players, 2014

 

Chapter 4 North America Facial Recognition Market Analysis, 2012 – 2022 (US$ Mn)

4.1 Market Dynamics and Trends

4.2 North America Facial Recognition Market Analysis, by Technology Type

4.2.1 Overview

4.2.1.1 North America Facial Recognition Market Segment Share, by Technology, 2014 & 2022 (%)

4.2.2 North America Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

4.3 North America Facial Recognition Market Analysis, by End-use Industry, 2012 – 2022 (US$ Mn)

4.3.1 Overview

4.3.2 North America Facial Recognition Market Segment Share, by End-use Industry, 2014 and 2022 (%)

4.3.3 North America Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

4.4 North America Facial Recognition Market Analysis, by Region, 2012 – 2022 (US$ Mn)

4.4.1 Overview

4.4.2 North America Facial Recognition Market Segment Share, by Region, 2014 and 2022 (%)

4.4.3 U.S.

4.4.3.1 U.S. Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

4.4.4 Rest of North America

4.4.4.1 Rest of North America Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

 

Chapter 5 Europe Facial Recognition Market Analysis, 2012 – 2022 (US$ Mn)

5.1 Market Dynamics and Trends

5.2 Europe Facial Recognition Market Analysis, by Technology Type

5.2.1 Overview

5.2.1.1 Europe Facial Recognition Market Segment Share, by Technology Type, 2014 & 2022 (%)

5.2.2 Europe Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

5.3 Europe Facial Recognition Market Analysis, by End-use Industry, 2012 – 2022 (US$ Mn)

5.3.1 Overview

5.3.2 Europe Facial Recognition Market Segment Share, by End-use Industry, 2014 and 2022 (%)

5.3.3 Europe Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

5.4 Europe Facial Recognition Market Analysis, by Region, 2012 – 2022 (US$ Mn)

5.4.1 Overview

5.4.2 Europe Facial Recognition Market Segment Share, by Region, 2014 and 2022 (%)

5.4.3 EU7

5.4.3.1 EU7 Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

5.4.4 CIS

5.4.4.1 CIS Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

5.4.5 Rest of Europe

5.4.5.1 Rest of Europe Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

 

Chapter 6 Asia Pacific Facial Recognition Market Analysis, 2012 – 2022 (US$ Mn)

6.1 Market Dynamics and Trends

6.2 Asia Pacific Facial Recognition Market Analysis, by Technology Type

6.2.1 Overview

6.2.1.1 Asia Pacific Facial Recognition Market Segment Share, by Technology Type, 2014 & 2022 (%)

6.2.2 Asia Pacific Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

6.3 Asia Pacific Facial Recognition Market Analysis, by End-use Industry, 2012 – 2022 (US$ Mn)

6.3.1 Overview

6.3.2 Asia Pacific Facial Recognition Market Segment Share, by End-use Industry, 2014 and 2022 (%)

6.3.3 Asia Pacific Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

6.4 Asia Pacific Facial Recognition Market Analysis, by Region, 2012 – 2022 (US$ Mn)

6.4.1 Overview

6.4.2 Asia Pacific Facial Recognition Market Segment Share, by Region, 2014 and 2022 (%)

6.4.3 Japan

6.4.3.1 Japan Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

6.4.4 China

6.4.4.1 China Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

6.4.5 South Asia

6.4.5.1 South Asia Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

6.4.6 Australasia

6.4.6.1 Australasia Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

6.4.7 Rest of Asia Pacific

6.4.7.1 Rest of Asia Pacific Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

 

Chapter 7 MEA Facial Recognition Market Analysis, 2012 – 2022 (US$ Mn)

7.1 Market Dynamics and Trends

7.2 MEA Facial Recognition Market Analysis, by Technology Type

7.2.1 Overview

7.2.1.1 MEA Facial Recognition Market Segment Share, by Technology Type, 2014 & 2022 (%)

7.2.2 MEA Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

7.3 MEA Facial Recognition Market Analysis, by End-use Industry, 2012 – 2022 (US$ Mn)

7.3.1 Overview

7.3.2 MEA Facial Recognition Market Segment Share, by End-use Industry, 2014 and 2022 (%)

7.3.3 MEA Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

7.4 MEA Facial Recognition Market Analysis, by Region, 2012 – 2022 (US$ Mn)

7.4.1 Overview

7.4.2 MEA Facial Recognition Market Segment Share, by Region, 2014 and 2022 (%)

7.4.3 GCC Countries

7.4.3.1 GCC Countries Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

7.4.4 Northern Africa

7.4.4.1 Northern Africa Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

7.4.5 South Africa

7.4.5.1 South Africa Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

7.4.6 Rest of MEA

7.4.6.1 Rest of MEA Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

 

Chapter 8 Latin America Facial Recognition Market Analysis, 2012 – 2022 (US$ Mn)

8.1 Market Dynamics and Trends

8.2 Latin America Facial Recognition Market Analysis, by Technology Type

8.2.1 Overview

8.2.1.1 Latin America Facial Recognition Market Segment Share, by Technology Type, 2014 & 2022 (%)

8.2.2 Latin America Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

8.3 Latin America Facial Recognition Market Analysis, by End-use Industry, 2012 – 2022 (US$ Mn)

8.3.1 Overview

8.3.2 Latin America Facial Recognition Market Segment Share, by End-use Industry, 2014 and 2022 (%)

8.3.3 Latin America Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

8.4 Latin America Facial Recognition Market Analysis, by Region, 2012 – 2022 (US$ Mn)

8.4.1 Overview

8.4.2 Latin America Facial Recognition Market Segment Share, by Region, 2014 and 2022 (%)

8.4.3 Brazil

8.4.3.1 Brazil Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

8.4.4 Rest of Latin America

8.4.4.1 Rest of Latin America Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

 

Chapter 9 Company Profiles

9.1 NEC Corporation

9.2 Morpho S.A.S. (Safran Group)

9.3 Cognitec Systems GmbH

9.4 Ayonix Corporation

9.5 Animetrics, Inc.

9.6 FaceFirst, LLC. (Airborne Biometrics Group Inc.)

9.7 ZK Software, Inc.

9.8 Aurora Computer Services Ltd.

9.9 Aware, Inc.

9.10 3M Cogent, Inc.

9.11 Cross Match Technologies, Inc.

List of Figures

 

FIG. 1 Facial Recognition Market: Market Segmentation

FIG. 2 Global Facial Recognition Market Revenue (US$ Mn) and Forecast, 2015 – 2022, and Y-o-Y Growth (%)

FIG. 3 Global Facial Recognition Market, by Technology Type, 2014 (US$ Mn)

FIG. 4 Global Facial Recognition Market, by End-use Industry, 2014 (US$ Mn)

FIG. 5 Global Facial Recognition Market, by Geography, 2014 (US$ Mn)

FIG. 6 Global Facial Recognition Systems Market Segment Share, by Technology Type, 2014 & 2022 (%)

FIG. 7 Percentage of employees designated mobile workers vs. employees who use mobile device for work

FIG. 8 Average Number of Connected Devices per Knowledge Worker, 2012 and 2014

FIG. 9 Global 2D Facial Recognition Technology Market Revenue, 2012 – 2022 (US$ Mn)

FIG. 10 Global 3D Facial Recognition Technology Market Revenue, 2012 – 2022 (US$ Mn)

FIG. 11 Global Facial Analytics Technology Market, 2012 – 2022 (US$ Mn)

FIG. 12 Global Facial Recognition Market Segment Share, by End-Use Industry, 2014 & 2022 (%)

FIG. 13 Global Facial Recognition in Government and Utilities Market Revenue, 2012 – 2022 (US$ Mn)

FIG. 14 Global Facial Recognition in Military Market Revenue, 2012 – 2022 (US$ Mn)

FIG. 15 Global Facial Recognition in Homeland Security Market Revenue, 2012 – 2022 (US$ Mn)

FIG. 16 Global Facial Recognition in Banking, Financial Services, and Insurance (BFSI) Market Revenue, 2012 – 2022 (US$ Mn)

FIG. 17 Global Facial Recognition in Retail Industry Market Revenue, 2012 – 2022 (US$ Mn)

FIG. 18 Reported Stolen Motor Vehicles Worldwide (At the end of December 2013)

FIG. 19 Global Facial Recognition in Others Market Revenue, 2012 – 2022 (US$ Mn)

FIG. 20 Analysis of Key Players, 2014

FIG. 21 North America Facial Recognition Market Segment Share, by Technology, 2014 & 2022 (%)

FIG. 22 North America Facial Recognition Market Segment Share, by End-use Industry, 2014 & 2022 (%)

FIG. 23 North America Facial Recognition Market Segment Share, by Region, 2014 & 2022 (%)

FIG. 24 U.S. Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 25 Rest of North America Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 26 Europe Facial Recognition Market Segment Share, by Technology Type, 2014 & 2022 (%)

FIG. 27 Europe Facial Recognition Market Segment Share, by End-use Industry, 2014 & 2022 (%)

FIG. 28 Europe Facial Recognition Market Segment Share, by Region, 2014 & 2022 (%)

FIG. 29 EU7 Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 30 CIS Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 31 Rest of Europe Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 32 Asia Pacific Facial Recognition Market Segment Share, by Technology Type, 2014 & 2022 (%)

FIG. 33 Asia Pacific Facial Recognition Market Segment Share, by End-use Industry, 2014 & 2022 (%)

FIG. 34 Asia Pacific Facial Recognition Market Segment Share, by Region, 2014 & 2022 (%)

FIG. 35 Japan Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 36 China Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 37 South Asia Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 38 Australasia Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 39 Rest of Asia Pacific Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 40 MEA Facial Recognition Market Segment Share, by Technology Type, 2014 & 2022 (%)

FIG. 41 MEA Facial Recognition Market Segment Share, by End-use Industry, 2014 & 2022 (%)

FIG. 42 MEA Facial Recognition Market Segment Share, by Region, 2014 & 2022 (%)

FIG. 43 GCC Countries Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 44 Northern Africa Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 45 South Africa Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 46 Rest of MEA Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 47 Latin America Facial Recognition Market Segment Share, by Technology Type, 2014 & 2022 (%)

FIG. 48 Latin America Facial Recognition Market Segment Share, by End-use Industry, 2014 & 2022 (%)

FIG. 49 Latin America Facial Recognition Market Segment Share, by Region, 2014 & 2022 (%)

FIG. 50 Brazil Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

FIG. 51 Rest of Latin America Facial Recognition Market, Revenue and Forecast, 2012 – 2022 (US$ Mn)

List of Tables

 

TABLE 1 Market snapshot: Global facial recognition market (2014 & 2022)

TABLE 2 Impact Analysis of Drivers

TABLE 3 Impact Analysis of Restraints

TABLE 4 Global Facial Recognition Market Revenue, by Technology Type, 2012 – 2022 (US$ Mn)

TABLE 5 Global Facial Recognition Market Revenue, by End-Use Industry, 2012 – 2022 (US$ Mn)

TABLE 6 Crime Statistics: U.S. (Identity Theft/Fraud Statistics)

TABLE 7 Crime Statistics: U.S. (Identity Fraud Rate)

TABLE 8 Percentage of Respondents who Experienced Card Fraud

TABLE 9 North America Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

TABLE 10 North America Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

TABLE 11 Europe Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

TABLE 12 Europe Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

TABLE 13 Asia Pacific Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

TABLE 14 Asia Pacific Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

TABLE 15 MEA Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

TABLE 16 MEA Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

TABLE 17 Latin America Facial Recognition Market, Revenue and Forecast, by Technology Type, 2012 – 2022 (US$ Mn)

TABLE 18 Latin America Facial Recognition Market Revenue and Forecast, by End-use Industry, 2012 – 2022 (US$ Mn)

This research report provides analytical insights on the ‘global facial recognition market’. The market overview section of the report emphasizes on the market dynamics and trends, which include the drivers, restraints, and opportunities that influence the current nature and future growth of the market. The market estimates have been analyzed by keeping in mind the several factors, which affect the market including but not limited to technological, economic, social, environmental, and legal factors. 

 

Facial recognition is a biometric technology used for the identification and authentication of people by capturing facial images using a camera and then comparing the captured images with an existing database. These systems perform identification of facial images on the basis of various facial features, such as distance between eyes, cheek bones, eye-brows, and others. Facial recognition technology is preferred over other biometric techniques such as iris, fingerprint, and voice recognition as it does not require physical contact with the apparatus and is, thus, non-intrusive. Moreover, the facial recognition technology is easily deployable using existing cameras and monitoring devices. However, the facial recognition systems face criticism due to privacy issues, such as data cloning and misuse of personal information. Technological advancements paved way for the introduction of efficient surveillance systems to monitor rising crime, frauds, and terrorist activities which, in turn, resulted in the rise in demand for facial recognition solutions. These applications include access control, intruder identification, and detection of gender, age, and ethnicity, among others.

 

The global facial recognition market is segmented on the basis of the type of technology into 2D facial recognition technology, 3D facial recognition technology, and facial analytics. The 2D technology deals with face recognition of an image based on its two-dimensional appearance. It is a widely used technology and has low cost of installation and operation compared to 3D technology. However, 2D technology fails in its operation if the facial image to be identified varies in light conditions, position, and facial expressions. 3D technology overcomes the drawbacks of 2D technology by analyzing a facial image in a three-dimensional view. With the use of 3D technology, various drawbacks such as varying angles and environmental conditions can be overcome, which results in ensuring more accurate recognition of facial images. The 3D technology includes use of complex algorithms and High-Definition (HD) technology. Thus, with the growing technological advancements, the 3D facial recognition technology is expected to witness much faster adoption compared to the 2D facial recognition technology in the near future. Moreover, facial analytics is another emerging technology that deals exclusively with facial expressions. This technology is used for determining different attributes such as age, gender, and other facial characteristics. This technology is majorly used in the retail industry for better marketing of products, and is being increasingly used by the police for identification of criminals based on their changing facial expressions. 

 

All these product types find wide applications in sectors such as government and utilities, military, homeland security, retail, banking, financial services, insurance (BFSI), and others (digital signage, web, and mobile applications). Facial recognition systems are majorly used in the government sector and law enforcement agencies for security purposes. Furthermore, due to the rise in frauds in the BFSI sector, facial recognition systems are being increasingly used in this sector to ensure security and reduce crimes. Additionally, facial analytics systems are used in the retail industry to determine the age, gender, and facial expressions of the customers in order to target them for marketing suitable products of the concerned company. In terms of geographical distribution, the global facial recognition market has been classified into regions such as North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and Latin America.

 

Major players have been profiled with focus on their competitive details such as company and financial overview, business strategies, and their recent developments. These players are focused on developing efficient technologies that will ensure better surveillance or monitoring of people. Some of the market participants profiled in this report include NEC Corporation, Morpho S.A.S. (Safran Group), Cognitec Systems Pty Ltd, Aware, Inc., Animetrics, Inc., Ayonix, Inc., Cross Match Technologies, Inc., 3M Cogent Inc., FaceFirst, Inc. (Airborne Biometrics Group Inc.), ZK Software, Inc., and Aurora Computer Services Ltd., among others. The report analyzes the global facial recognition market in terms of revenue (US$ Mn) for each segment for the period from 2012 to 2022, along with the CAGR for the forecast period from 2015 to 2022.

 

The global Facial Recognition market has been segmented as follows:

 

Facial Recognition Market, by Technology Type

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

Facial Recognition Market, by End-use Industry

  • Government & Utilities
  • Military
  • Homeland Security
  • Banking, Financial Services, and Insurance (BFSI)
  • Retail Industry
  • Others (Digital Signage, Automotive, Web Applications, and Mobile Applications)

Facial Recognition Market, by Geography

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU7 (UK, Italy, Spain, France, Germany, Belgium, and the Netherlands)
    • CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia (India, Pakistan, Bangladesh, and Sri Lanka)
    • Australasia (Australia, New Zealand, and Guinea)
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


 
 
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