Facial Recognition Market

Facial Recognition Market (Component: Software/Tools and Services; and Application: Law Enforcement, Access Control, Emotion Recognition, Attendance Tracking and Monitoring, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Facial Recognition Market Outlook 2031

  • The global facial recognition market was valued at US$ 4.4 Bn in ;2021
  • It is estimated to advance at a CAGR of 16.8% from 2022 to 2031
  • The global facial recognition market is expected to reach US$ 20.5 Bn by the end of 2031

Analysts’ Viewpoint on Facial Recognition Market Scenario

The face recognition technology uses biometrics to identify facial features, which include biological measurements or physical features that are used to recognize individuals. Facial recognition helps provide quick and accurate facial expression maps from a distance, without making physical contact. Facial tracking solutions in smartphones and financial institutions enable the delivery of an improved user experience with the help of a digital identity verification system. The facial recognition technology also improves customer experience in various industry verticals such as BFSI, healthcare, retail, and education. These factors are expected to drive the facial recognition market in the near future. Technological advancements such as development of 3D algorithms, which help identify the emotions of a person, are anticipated to further increase the demand for facial recognition technology during the forecast period.

facial recognition market

Facial Recognition Market Introduction

Facial recognition is a biometric technology used for identification and authentication of the people by capturing facial images using a camera and then comparing the captured images with an existing database. 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. Furthermore, facial recognition technology is easily deployable using existing cameras and monitoring devices. Increase in technological advancements in the security sector to provide efficient surveillance systems to monitor crimes, frauds, and terrorist activities is expected to boost the usage of facial recognition solutions. This is projected to propel the facial recognition market during the forecast period.

During the COVID-19 pandemic, the U.S. and China used the facial recognition system to control the spread of the virus by tracking the infected or quarantined persons in crowd. The usage of other biometric technologies that rely on touch-based sensors has decreased significantly to avoid direct contact. This is driving the adoption of the face identification technology.

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Increase in Penetration of Face Recognition Technology (FRT) for Enhanced Security and Better Patient Health Monitoring

Face recognition technology (FRT) plays a prominent role in identifying and verifying an individual, based on his/her specific facial features. It then stores the data as a face print. It also helps simplify the patient sign-in and sing-out procedure. Increase in usage of face detection technology in collaboration with artificial intelligence (AI) for real-time emotional recognition through interpretation of emotions including anger, fear, disgust, or sadness helps get more insights about the patient’s health. This enables healthcare professionals to monitor the health status of the patient in an easier and real-time manner.

Growth in adoption of electronic medical record (EMR) solutions to enable a paperless environment in hospitals, medical schools, and biopharma companies using facial recognition technology to protect hospitals and other medical institutions from cyber-attacks is also driving the market. Facial recognition technology is widely used in the healthcare sector as compared to other biometric technologies due to its contactless process and easy deployment.

In the banking sector, the facial recognition technology enables customer interaction with banks via smartphones or computers. Rise in adoption of digital technologies in the BFSI sector brings about digital transformations, which have improved the popularity of online banking and virtual transactions in the last few years. Besides online banking, many banks offer face verification as a means to operate accounts through ATMs. This effectively eliminates the need for a card swipe as face scanning helps prevent fraud online.

According to Aite-Novarica, of the 11,000 financial institutions in the U.S., 15% to 20% use selfie photo imaging for document verification to verify user identity. In 2020, Aite-Novarica stated that 600-700 financial institutions had adopted facial recognition technology for security purposes. Thus, rise in adoption of AI and other digital technologies is expected to increase the penetration of facial recognition technology in healthcare and banking sectors during the forecast period.

Rise in Need for Contactless Payments and Human Touch Point Reduction

The facial recognition technology (FRT) helps identify employees and visitors, and provides access to the physical office through face images and speech-to-text recognition. According to Capgemini, 84% of Americans are projected to increase the usage of touchless technologies to avoid physical contact and reduce the use of human touch points. Similarly, 69% of retail executives have adopted facial recognition technology in order to provide contactless payment options to improve user experience. Increase in usage of biometric payment cards with fingerprint authentication helps replace PINS and passwords. This significantly increases speed and delivers a convenient way of contactless payments to improve customer experience.

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Regional Overview of Global Facial Recognition Market

North America held major share of the global facial recognition market, followed by Europe, in 2021. These regions are expected to retain their positions throughout the forecast period, accounting for 29.9% and 26.4% revenue share of the global facial recognition market, respectively, in 2022. Increase in demand for facial identification systems in North America and Europe can be ascribed to the rise in incidence of criminal and terrorist activities in these regions.

China, India, and South Korea are the major facial recognition markets in Asia Pacific. These countries offer vast scope for companies operating in the market. Rise in terrorist activities; growth in adoption of facial recognition technology for border control and homeland security; and continuously improving aviation industry are factors driving the market in the region. The market in Asia Pacific is projected to advance at a CAGR of 18.6% during the forecast period.

Analysis of Key Players in Global Facial Recognition Market

The global facial recognition market is highly fragmented. Vendors are striving to tap into growth opportunities and strengthen their presence in the market through product portfolio expansion and mergers and acquisitions. Many retailers and financial institutes are also focusing on adopting facial recognition technology to provide better customer experiences. 3M Cogent, Inc., Animetrics, Inc., Aware, Inc., Ayonix Corporation, Cognitec Systems GmbH, and Cross Match Technologies, Inc. are some of the prominent players operating in the global facial recognition market.

Key Developments in Global Facial Recognition Market

  • In April 2022, PopID, a Pasadena-based startup that uses facial recognition software for payments, partnered with Visa to deliver its facial payment solution PopPay to provide safe and innovative ways of payment for customers present in the Middle East region
  • In March 2021, SAFR from RealNetworks Inc. partnered with Convergint Technologies to offer a facial recognition platform for live video intelligence to customers and expand the product portfolio of Convergint by adding SAFR computer vision platform to its integrated security solutions
  • In January 2020, CyberLink Corp., an AI and facial recognition technology provider, entered into a partnership with VIVOTEK to accelerate and enhance video applications for users present across the globe.

Each of the companies mentioned above has been profiled in the facial recognition market report. The company profiles include company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Facial Recognition Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 4.4 Bn

Market Forecast Value in 2031

US$ 20.5 Bn

Growth Rate

(CAGR)

16.8%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Bn for Value

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, ecosystem analysis, and COVID-19 impact analysis.

Competition Landscape

  • Market share analysis by company (2020)
  • Company profiles section includes business overview, product portfolio, geographical footprint, revenue and strategy

Format

Electronic (PDF) + Excel

Market Segmentation

  • By Component
    • Software/Tools
    • 2D Facial Recognition
    • 3D Facial Recognition
    • Facial Analytics
    • Services
    • Training and Consulting
    • Support & Maintenance
  • By Application
    • Law Enforcement
    • Access Control
    • Emotion Recognition
    • Attendance Tracking and Monitoring
    • Others
  • By End-user
    • Banking, Financial Services and Insurance
    • Retail and E-commerce
    • Healthcare
    • Education
    • Automotive
    • Others (Government and Defense, Transportation)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)
  • South America

Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Japan
  • China
  • India
  • ASEAN
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Brazil
  • Argentina

Companies Profiled

  • 3M Cogent, Inc.
  • Animetrics, Inc.
  • Aware, Inc.
  • Ayonix Corporation
  • Cognitec Systems GmbH
  • Cross Match Technologies, Inc.
  • FaceFirst, LLC. (Airborne Biometrics Group Inc.)
  • IDEMIA
  • Mantra Softech (India) Pvt. Ltd.
  • Microsoft Corporation
  • NEC Corporation
  • Nuance Communications
  • i-PRO Co., Ltd.
  • Clarifai, Inc.
  • Thales e-Security, Inc.

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

What is the size of the facial recognition market?

The facial recognition market stood at US$ 4.4 Bn in 2021.

What is the CAGR of the facial recognition market?

The facial recognition market is estimated to expand at a CAGR of 16.8% during the forecast period.

What are the key factors driving the facial recognition market?

A growing need in the healthcare and banking sector, and increasing penetration of facial recognition technology (FRT) to provide security and law enforcement.

Which component segment contributes the largest share in the facial recognition market?

Software/Tools contributed approximately 65.4% share in the facial recognition market in 2022.

Which region is more attractive for vendors in the facial recognition market?

North America is a more attractive region for vendors in the facial recognition market.

Who are the key players in the facial recognition market?

3M Cogent, Inc., Animetrics, Inc. Aware, Inc., Ayonix Corporation, Cognitec Systems GmbH, Cross Match Technologies, Inc., FaceFirst, LLC (Airborne Biometrics Group Inc.), IDEMIA, Mantra Softech (India) Pvt. Ltd., Microsoft Corporation, NEC Corporation, Nuance Communications, i-PRO Co., Ltd., Clarifai, Inc., and Thales e-Security, Inc.

    1. Preface

        1.1. Market Introduction

        1.2. Market Segmentation

        1.3. Key Research Objectives

    2. Assumptions and Research Methodology

        2.1. Research Methodology

            2.1.1. List of Primary and Secondary Sources

        2.2. Key Assumptions for Data Modelling

    3. Executive Summary - Global Facial Recognition Market

    4. Market Overview

        4.1. Market Definition

        4.2. Technology/ Product Roadmap

        4.3. Market Factor Analysis

            4.3.1. Forecast Factors

            4.3.2. Ecosystem/ Value Chain Analysis

            4.3.3. Market Dynamics (Growth Influencers)

                4.3.3.1. Drivers

                4.3.3.2. Restraints

                4.3.3.3. Opportunities

                4.3.3.4. Impact Analysis of Drivers and Restraints

        4.4. COVID-19 Impact Analysis

            4.4.1. Impact of COVID-19 on the Facial Recognition Market

            4.4.2. End-user Sentiment Analysis: Comparative Analysis on Spending

                4.4.2.1. Increase in Spending

                4.4.2.2. Decrease in Spending

            4.4.3. Short Term and Long Term Impact on the Market

        4.5. Market Opportunity Assessment – by Region (North America/ Europe/ Asia Pacific/ Middle East & Africa/ South America)

            4.5.1. By Component

            4.5.2. By Application

            4.5.3. By End-user

        4.6. Competitive Scenario

            4.6.1. List of Emerging, Prominent, and Leading Players

            4.6.2. Major Mergers & Acquisitions, Expansions, Partnership, Contacts, Deals, Etc.

    5. Global Facial Recognition Market Analysis and Forecast

        5.1. Market Revenue Analysis (US$ Mn), 2016-2031

            5.1.1. Historic Growth Trends, 2016-2021

            5.1.2. Forecast Trends, 2022-2031

        5.2. Pricing Model Analysis/ Price Trend Analysis

    6. Global Facial Recognition Market Analysis, by Component

        6.1. Overview and Definitions

        6.2. Key Segment Analysis

        6.3. Facial Recognition Market Size (US$ Mn) Forecast, by Component, 2018 - 2031

            6.3.1. Software/Tools

                6.3.1.1. 2D Facial Recognition

                6.3.1.2. 3D Facial Recognition

                6.3.1.3. Facial Analytics

            6.3.2. Services

                6.3.2.1. Training and Consulting

                6.3.2.2. Support & Maintenance

    7. Global Facial Recognition Market Analysis, by Application

        7.1. Overview and Definitions

        7.2. Key Segment Analysis

        7.3. Facial Recognition Market Size (US$ Mn) Forecast, by Application, 2018 - 2031

            7.3.1. Law Enforcement

            7.3.2. Access Control

            7.3.3. Emotion Recognition

            7.3.4. Attendance Tracking and Monitoring

            7.3.5. Others

    8. Global Facial Recognition Market Analysis, by End-user

        8.1. Key Segment Analysis

        8.2. Facial Recognition Market Size (US$ Mn) Forecast, by End-user, 2018 - 2031

            8.2.1. Banking, Financial Services and Insurance (BFSI)

            8.2.2. Retail and E-commerce

            8.2.3. Healthcare

            8.2.4. Education

            8.2.5. Automotive

            8.2.6. Others

    9. Global Facial Recognition Market Analysis and Forecast, by Region

        9.1. Key Findings

        9.2. Facial Recognition Market Size (US$ Mn) Forecast, by Region, 2018 - 2031

            9.2.1. North America

            9.2.2. Europe

            9.2.3. Asia Pacific

            9.2.4. Middle East & Africa

            9.2.5. South America

    10. North America Facial Recognition Market Analysis

        10.1. Regional Outlook

        10.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)

            10.2.1. By Component

            10.2.2. By Application

            10.2.3. By End-user

        10.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country, 2018 - 2031

            10.3.1. U.S.

            10.3.2. Canada

            10.3.3. Mexico

    11. Europe Facial Recognition Market Analysis and Forecast

        11.1. Regional Outlook

        11.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)

            11.2.1. By Component

            11.2.2. By Application

            11.2.3. By End-user

        11.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country & Sub-region, 2018 - 2031

            11.3.1. Germany

            11.3.2. U.K.

            11.3.3. France

            11.3.4. Spain

            11.3.5. Italy

            11.3.6. Rest of Europe

    12. APAC Facial Recognition Market Analysis and Forecast

        12.1. Regional Outlook

        12.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)

            12.2.1. By Component

            12.2.2. By Application

            12.2.3. By End-user

        12.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country & Sub-region, 2018 - 2031

            12.3.1. China

            12.3.2. India

            12.3.3. Japan

            12.3.4. ASEAN

            12.3.5. Rest of Asia Pacific

    13. Middle East & Africa (MEA) Facial Recognition Market Analysis and Forecast

        13.1. Regional Outlook

        13.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)

            13.2.1. By Component

            13.2.2. By Application

            13.2.3. By End-user

        13.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country & Sub-region, 2018 - 2031

            13.3.1. Saudi Arabia

            13.3.2. The United Arab Emirates

            13.3.3. South Africa

            13.3.4. Rest of Middle East & Africa (MEA)

    14. South America Facial Recognition Market Analysis and Forecast

        14.1. Regional Outlook

        14.2. Facial Recognition Market Size (US$ Mn) Analysis and Forecast (2018 - 2031)

            14.2.1. By Component

            14.2.2. By Application

            14.2.3. By End-user

        14.3. Facial Recognition Market Size (US$ Mn) Forecast, by Country & Sub-region, 2018 - 2031

            14.3.1. Brazil

            14.3.2. Argentina

            14.3.3. Rest of South America

    15. Competition Landscape

        15.1. Market Competition Matrix, by Leading Players

        15.2. Market Revenue Share Analysis (%), by Leading Players (2020)

    16. Company Profiles

        16.1. 3M Cogent, Inc.

            16.1.1. Business Overview

            16.1.2. Product Portfolio

            16.1.3. Geographical Footprint

            16.1.4. Revenue and Strategy

        16.2. Animetrics, Inc.

            16.2.1. Business Overview

            16.2.2. Product Portfolio

            16.2.3. Geographical Footprint

            16.2.4. Revenue and Strategy

        16.3. Aware, Inc.

            16.3.1. Business Overview

            16.3.2. Product Portfolio

            16.3.3. Geographical Footprint

            16.3.4. Revenue and Strategy

        16.4. Ayonix Corporation

            16.4.1. Business Overview

            16.4.2. Product Portfolio

            16.4.3. Geographical Footprint

            16.4.4. Revenue and Strategy

        16.5. Cognitec Systems GmbH

            16.5.1. Business Overview

            16.5.2. Product Portfolio

            16.5.3. Geographical Footprint

            16.5.4. Revenue and Strategy

        16.6. Cross Match Technologies, Inc.

            16.6.1. Business Overview

            16.6.2. Product Portfolio

            16.6.3. Geographical Footprint

            16.6.4. Revenue and Strategy

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

            16.7.1. Business Overview

            16.7.2. Product Portfolio

            16.7.3. Geographical Footprint

            16.7.4. Revenue and Strategy

        16.8. IDEMIA

            16.8.1. Business Overview

            16.8.2. Product Portfolio

            16.8.3. Geographical Footprint

            16.8.4. Revenue and Strategy

        16.9. Mantra Softech (India) Pvt. Ltd.

            16.9.1. Business Overview

            16.9.2. Product Portfolio

            16.9.3. Geographical Footprint

            16.9.4. Revenue and Strategy

        16.10. Microsoft Corporation

            16.10.1. Business Overview

            16.10.2. Product Portfolio

            16.10.3. Geographical Footprint

            16.10.4. Revenue and Strategy

        16.11. NEC Corporation

            16.11.1. Business Overview

            16.11.2. Product Portfolio

            16.11.3. Geographical Footprint

            16.11.4. Revenue and Strategy

        16.12. Nuance Communications

            16.12.1. Business Overview

            16.12.2. Product Portfolio

            16.12.3. Geographical Footprint

            16.12.4. Revenue and Strategy

        16.13. i-PRO Co., Ltd.

            16.13.1. Business Overview

            16.13.2. Product Portfolio

            16.13.3. Geographical Footprint

            16.13.4. Revenue and Strategy

        16.14. Clarifai, Inc.

            16.14.1. Business Overview

            16.14.2. Product Portfolio

            16.14.3. Geographical Footprint

            16.14.4. Revenue and Strategy

        16.15. Thales e-Security, Inc.

            16.15.1. Business Overview

            16.15.2. Product Portfolio

            16.15.3. Geographical Footprint

            16.15.4. Revenue and Strategy

        16.16. Others

            16.16.1. Business Overview

            16.16.2. Product Portfolio

            16.16.3. Geographical Footprint

            16.16.4. Revenue and Strategy

    17. Key Takeaways

    List of Tables

    Table 1: Acronyms Used in the Facial Recognition Market

    Table 2: North America Facial Recognition Market Revenue Analysis, by Country, 2022 - 2031 (US$ Mn)

    Table 3: Europe Facial Recognition Market Revenue Analysis, by Country, 2022 - 2031 (US$ Mn)

    Table 4: Asia Pacific Facial Recognition Market Revenue Analysis, by Country, 2022 - 2031 (US$ Mn)

    Table 5: Middle East & Africa Facial Recognition Market Revenue Analysis, by Country, 2021 and 2031 (US$ Mn)

    Table 6: South America Facial Recognition Market Revenue Analysis, by Country, 2022 - 2031 (US$ Mn)

    Table 7: Impact Analysis of Drivers & Restraints

    Table 8: Global Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

    Table 9: Global Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031

    Table 10: Global Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

    Table 11: Global Facial Recognition Market Volume (US$ Mn) Forecast, by Region, 2018 – 2031

    Table 12: North America Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

    Table 13: North America Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031

    Table 14: North America Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

    Table 15: North America Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

    Table 16: U.S. Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 17: Canada Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 18: Mexico Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 19: Europe Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

    Table 20: Europe Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031

    Table 21: Europe Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

    Table 22: Europe Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

    Table 23: Germany Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 24: U.K. Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 25: France Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 26: Spain Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 27: Italy Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 28: Asia Pacific Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

    Table 29: Asia Pacific Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031

    Table 30: Asia Pacific Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

    Table 31: Asia Pacific Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

    Table 32: China Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 33: India Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 34: Japan Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 35: ASEAN Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 36: Middle East & Africa Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

    Table 37: Middle East & Africa Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031

    Table 38: Middle East & Africa Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

    Table 39: Middle East & Africa Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

    Table 40: Saudi Arabia Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 41: U.A.E. Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 42: South Africa Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 43: South America Facial Recognition Market Value (US$ Mn) Forecast, by Component, 2018 – 2031

    Table 44: South America Facial Recognition Market Value (US$ Mn) Forecast, by Application, 2018 – 2031

    Table 45: South America Facial Recognition Market Value (US$ Mn) Forecast, by End-user, 2018 – 2031

    Table 46: South America Facial Recognition Market Value (US$ Mn) Forecast, by Country, 2018 - 2031

    Table 47: Brazil Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 48: Argentina Facial Recognition Market Revenue CAGR Breakdown (%), by Growth Term

    Table 49: Mergers & Acquisitions, Expansions (1/4)

    Table 50: Mergers & Acquisitions, Expansions (2/4)

    Table 51: Mergers & Acquisitions, Expansions (3/4)

    Table 52: Mergers & Acquisitions, Expansions (4/4)

    List of Figures

    Figure 1: Global Facial Recognition Market Size (US$ Mn) Forecast, 2018–2031

    Figure 2: Global Facial Recognition Market Revenue (US$ Mn) Opportunity Assessment, by Region, 2021E

    Figure 3: Top Segment Analysis of Facial Recognition Market

    Figure 4: Global Facial Recognition Market Revenue (US$ Mn) Opportunity Assessment, by Region, 2031F

    Figure 5: Global Facial Recognition Market Attractiveness Assessment, by Component

    Figure 6: Global Facial Recognition Market Attractiveness Assessment, by Application

    Figure 7: Global Facial Recognition Market Attractiveness Assessment, by End-user

    Figure 8: Global Facial Recognition Market Attractiveness Assessment, by Region

    Figure 9: Global Facial Recognition Market Revenue (US$ Mn) Historic Trends, 2016 - 2020

    Figure 10: Global Facial Recognition Market Revenue Opportunity (US$ Mn) Historic Trends, 2016 - 2020

    Figure 11: Global Facial Recognition Market Value Share Analysis, by Component, 2021

    Figure 12: Global Facial Recognition Market Value Share Analysis, by Component, 2031

    Figure 13: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools, 2022 – 2031

    Figure 14: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031

    Figure 15: Global Facial Recognition Market Value Share Analysis, by Application, 2021

    Figure 16: Global Facial Recognition Market Value Share Analysis, by Application, 2031

    Figure 17: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031

    Figure 18: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031

    Figure 19: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031

    Figure 20: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031

    Figure 21: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 22: Global Facial Recognition Market Value Share Analysis, by End-user, 2031

    Figure 23: Global Facial Recognition Market Value Share Analysis, by End-user, 2031

    Figure 24: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031

    Figure 25: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031

    Figure 26: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031

    Figure 27: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031

    Figure 28: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031

    Figure 29: Global Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 30: Global Facial Recognition Market Value Share Analysis, by Region, 2031

    Figure 31: North America Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031

    Figure 32: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031

    Figure 33: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031

    Figure 34: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031

    Figure 35: South America Facial Recognition Market Absolute Opportunity (US$ Mn), 2022 – 2031

    Figure 36: North America Facial Recognition Revenue Opportunity Share, by Component

    Figure 37: North America Facial Recognition Revenue Opportunity Share, by Application

    Figure 38: North America Facial Recognition Revenue Opportunity Share, by End-user

    Figure 39: North America l Facial Recognition Market Value Share Analysis, by Component, 2021

    Figure 40: North America Facial Recognition Market Value Share Analysis, by Component, 2031

    Figure 41: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools, 2022 – 2031

    Figure 42: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031

    Figure 43: North America Facial Recognition Market Value Share Analysis, by Application, 2021

    Figure 44: North America Facial Recognition Market Value Share Analysis, by Application, 2031

    Figure 45: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031

    Figure 46: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031

    Figure 47: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031

    Figure 48: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031

    Figure 49: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 50: North America Facial Recognition Market Value Share Analysis, by End-user, 2021

    Figure 51: North America Facial Recognition Market Value Share Analysis, by End-user, 2031

    Figure 52: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031

    Figure 53: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031

    Figure 54: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031

    Figure 55: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031

    Figure 56: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031

    Figure 57: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 58: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Country, 2022 – 2031

    Figure 59: North America Facial Recognition Market Absolute Opportunity (US$ Mn), by Country, 2022 – 2031

    Figure 58: Mexico Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 59: Europe Facial Recognition Revenue Opportunity Share, by Component

    Figure 60: Europe Facial Recognition Revenue Opportunity Share, by Application

    Figure 61: Europe Facial Recognition Revenue Opportunity Share, by End-user

    Figure 62: Europe Facial Recognition Market Value Share Analysis, by Component, 2021

    Figure 63: Europe Facial Recognition Market Value Share Analysis, by Component, 2031

    Figure 64: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools , 2022 – 2031

    Figure 65: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031

    Figure 66: Europe Facial Recognition Market Value Share Analysis, by Application, 2021

    Figure 67: Europe Facial Recognition Market Value Share Analysis, by Application, 2021

    Figure 68: Europe Facial Recognition Market Value Share Analysis, by Application, 2031

    Figure 69: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031

    Figure 70: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031

    Figure 71: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031

    Figure 72: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031

    Figure 73: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 74: Europe Facial Recognition Market Value Share Analysis, by End-user, 2021

    Figure 75: Europe Facial Recognition Market Value Share Analysis, by End-user, 2031

    Figure 76: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031

    Figure 77: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031

    Figure 78: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031

    Figure 79: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031

    Figure 80: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031

    Figure 81: Europe Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 82: Europe Facial Recognition Market Value Share Analysis, by Country, 2021

    Figure 79: Europe Facial Recognition Market Value Share Analysis, by Country, 2031

    Figure 80: Germany Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 81: U.K. Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 82: France Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 83: Italy Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 84: Spain Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 85: Asia Pacific Facial Recognition Revenue Opportunity Share, by Component

    Figure 86: Asia Pacific Facial Recognition Revenue Opportunity Share, by Application

    Figure 87: Asia Pacific Facial Recognition Revenue Opportunity Share, by End-user

    Figure 88: Asia Pacific l Facial Recognition Market Value Share Analysis, by Component, 2021

    Figure 89: Asia Pacific Facial Recognition Market Value Share Analysis, by Component, 2031

    Figure 90: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools , 2022 – 2031

    Figure 91: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031

    Figure 92: Asia Pacific Facial Recognition Market Value Share Analysis, by Application, 2021

    Figure 93: Asia Pacific Facial Recognition Market Value Share Analysis, by Application, 2031

    Figure 94: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031

    Figure 95: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031

    Figure 96: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031

    Figure 97: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031

    Figure 98: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 99: Asia Pacific Facial Recognition Market Value Share Analysis, by End-user, 2021

    Figure 100: Asia Pacific Facial Recognition Market Value Share Analysis, by End-user, 2031

    Figure 101: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031

    Figure 102: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031

    Figure 103: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031

    Figure 104: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031

    Figure 105: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031

    Figure 106: Asia Pacific Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 103: Asia Pacific Facial Recognition Market Value Share Analysis, by Country, 2021

    Figure 104: Asia Pacific Facial Recognition Market Value Share Analysis, by Country, 2031

    Figure 105: China Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 106: India Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 107: Japan Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 108: ASEAN Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 109: Middle East & Africa Facial Recognition Revenue Opportunity Share, by Component

    Figure 110: Middle East & Africa Facial Recognition Revenue Opportunity Share, by Application

    Figure 111: Middle East & Africa Facial Recognition Revenue Opportunity Share, by End-user

    Figure 112: Middle East & Africa l Facial Recognition Market Value Share Analysis, by Component, 2021

    Figure 113: Middle East & Africa Facial Recognition Market Value Share Analysis, by Component, 2031

    Figure 114: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools (SIP) Trunking, 2022 – 2031

    Figure 115: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031

    Figure 116: Middle East & Africa Facial Recognition Market Value Share Analysis, by Application, 2021

    Figure 117: Middle East & Africa Facial Recognition Market Value Share Analysis, by Application, 2031

    Figure 118: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031

    Figure 119: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031

    Figure 120: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031

    Figure 121: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031

    Figure 122: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 123: Middle East & Africa Facial Recognition Market Value Share Analysis, by End-user, 2021

    Figure 124: Middle East & Africa Facial Recognition Market Value Share Analysis, by End-user, 2031

    Figure 125: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031

    Figure 126: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031

    Figure 127: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031

    Figure 128: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031

    Figure 129: Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031

    Figure 130 Middle East & Africa Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 127: Middle East & Africa Facial Recognition Market Value Share Analysis, by Country, 2021

    Figure 128: Middle East & Africa Facial Recognition Market Value Share Analysis, by Country, 2031

    Figure 129: Saudi Arabia Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 130: U.A.E. Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 131: South Africa Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 132: South America Facial Recognition Revenue Opportunity Share, by Component

    Figure 133: South America Facial Recognition Revenue Opportunity Share, by Application

    Figure 134: South America Facial Recognition Revenue Opportunity Share, by End-user

    Figure 135: South America Facial Recognition Market Value Share Analysis, by Component, 2021

    Figure 136: South America Facial Recognition Market Value Share Analysis, by Component, 2031

    Figure 137: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Software/Tools, 2022 – 2031

    Figure 138: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Services, 2022 – 2031

    Figure 139: South America Facial Recognition Market Value Share Analysis, by Application, 2021

    Figure 140: South America Facial Recognition Market Value Share Analysis, by Application, 2031

    Figure 141: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Law Enforcement, 2022 – 2031

    Figure 142: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Access Control, 2022 – 2031

    Figure 143: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Emotion Recognition, 2022 – 2031

    Figure 144: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Attendance Tracking and Monitoring, 2022 – 2031

    Figure 145: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 146: South America Facial Recognition Market Value Share Analysis, by End-user, 2021

    Figure 147: South America Facial Recognition Market Value Share Analysis, by End-user, 2031

    Figure 148: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Banking, Financial Services and Insurance, 2022 – 2031

    Figure 149: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Retail and Ecommerce, 2022 – 2031

    Figure 150: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Healthcare, 2022 – 2031

    Figure 152: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Education, 2022 – 2031

    Figure 153: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Automotive, 2022 – 2031

    Figure 154: South America Facial Recognition Market Absolute Opportunity (US$ Mn), by Others, 2022 – 2031

    Figure 155: South America Facial Recognition Market Value Share Analysis, by Country, 2021

    Figure 156: South America Facial Recognition Market Value Share Analysis, by Country, 2031

    Figure 157: Brazil Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

    Figure 158: Argentina Facial Recognition Market Opportunity Growth Analysis (US$ Mn) Forecast, 2022 – 2031

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