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Facial Recognition Market 2018; Reaches to USD 8.96 Billion Registering a CAGR of 13.87 by 2023

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New Market Research Reports Title “Facial Recognition Market 2018” Has Been Added to Crystal Market Research Report database.
“Global Facial Recognition Market Report 2018” presents an in-depth assessment of the Facial Recognition including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Facial Recognition investments from 2018 till 2023. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc.

The global Facial Recognition Market was worth USD 2.78 billion in 2014 and is expected to reach approximately USD 8.96 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 13.87% during the forecast period.

Sample copy of this report: .

Facial Recognition Market – Competitive Insights:

The leading players in the market are Ayonix Corp, Cognitec Systems, Animetrics, Safran Identity and Security, KeyLemon, Techno Brain, Gemalto, Aware, NEC and Herta Security. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Facial Recognition Market – Industry Outlook and Trend Analysis:

The development of the worldwide facial recognition market is foreseen to be driven by different components, for example, the expanding requirement for upgraded surveillance and observing at public spots and the expanding usage of facial recognition technologies in enterprises, for example, the government. The expanding reliance of end-users on sites and web applications is offering ascend to an expanding number of data and identity theft cases. Additionally, the expanding unpredictability of these attacks is driving end-users to adopt secure confirmation arrangements. This expands the usage of biometric security solutions as they are a standout amongst the most secure validation arrangements due to their capacity to consolidate the physical and behavioural highlights of the end-users that are hard to forge.

Facial Recognition Market – Technology Outlook and Trend Analysis:

The 3D facial recognition technology is autonomous of illumination, which empowers it to capture high-quality pictures in uncontrolled conditions, for example, dim as well as totally dark zones. The 3D facial model beats the disadvantages of the 2D facial acknowledgment innovation. The 3D facial acknowledgment advancements have a high potential to verify, analyse, and identify the facial attributes of people.

Facial Recognition Market – Table of Contents:

2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
5.Facial Recognition Market, By Component
6.Facial Recognition Market, By Technology
7.Facial Recognition Market, By End User
8.Facial Recognition Market, By Region
9.Company Profiles
10.Global Facial Recognition Market Competition, by Manufacturer
11.Facial Recognition Market Forecast (2018-2023)

Facial Recognition Market – Component Outlook and Trend Analysis:

Because of the developing awareness among various industries about the highlights of facial recognition advancements and the rising requirement for a more secured biometric system, the interest for facial acknowledgment framework is said to increment comprehensively. Facial recognition services play an essential part in face recognition and detection, and include consulting and training administrations and cloud-based facial recognition services. Facial recognition services are offered for governments, military, retail, homeland security, and healthcare.

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The Facial Recognition Market is segmented as follows-

Facial Recognition Market – By Component:

Training and consulting services
Cloud-based facial recognition services
Software tools
Thermal face recognition
2D facial recognition

Facial Recognition Market – By Technology:
Solution type

Facial recognition software and Software Development Kit (SDK)
Modeling and restructuring
Analytics solutions

Facial Recognition Market – By End User:
Other end-users (casinos, public places, automotive, mobile application, and home security systems)

Facial Recognition Market – End User Outlook and Trend Analysis:

Based on end-user vertical, the facial recognition market is divided into government, enterprises, and opposite end-users. The other end-users portion incorporates automotive, casinos, mobile application, public places, and Homeland Security, out of which, the administration end-use vertical is foreseen to develop at the most astounding CAGR amid the conjecture time frame.

Facial Recognition Market – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Facial Recognition Market – Regional Outlook and Trend Analysis:

North America is anticipated to have the biggest market measure in the facial recognition market amid the gauge time frame. The North American region has indicated expanded interests in the market, and a few sellers have advanced to take into account the quickly developing business sector. An impressive development is normal in the locale amid the conjecture time frame.

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 5 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Facial Recognition market based on product and application. It also provides market size and forecast till 2023 for overall Facial Recognition market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

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