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Facial Recognition Market worth $47.28 Billion by 2026 at a growth rate of 7.9% – IndustryARC

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Facial Recognition Market worth $47.28 Billion by 2026 at a growth rate of 7.9% – IndustryARC

September 06
11:29 2022
Facial Recognition Market worth $47.28 Billion by 2026 at a growth rate of 7.9% - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Facial Recognition Market is forecast to reach $47.28 billion by 2026, growing at a CAGR of 7.9% from 2021 to 2026. The Facial Recognition Market is estimated to witness substantial growth over the forecast period primarily due to high adoption of facial recognition technology in various applications and increasing investment in facial recognition technologies by government and defense sector.

IndustryARC, in its latest report, predicts that Facial Recognition Market is forecast to reach $47.28 billion by 2026, growing at a CAGR of 7.9% from 2021 to 2026. Increasing investments in facial recognition technologies by government driving the market growth. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Key takeaways:

This IndustryARC report on the cobalt Facial Recognition Market highlights the following areas –

1. Facial Recognition Market is estimated to witness substantial growth over the forecast period primarily due to increasing investments by governments and public bodies and rising usage in different applications.

2. Technological advancements in payments and transactions have enhanced security protection thereby increasing demand for the market.

3. Facial recognition payment is being implemented in different applications such as E-commerce, ATMs which increasing its demand.

4. Asia-pacific is projected to hold the largest share of Facial Recognition Market during the forecast period due to growing number of investments in security and surveillance as high criminal activities is taking place which creates increased public awareness.

 

Interested in knowing more relevant information? Click here:

https://www.industryarc.com/pdfdownload.php?id=500827

 

Segmental Analysis:

1. The market segment by technology type is classified into 2D, 3D and facial analytics. 3D segment is the leading segment with the highest revenue. 3D technology facial recognition systems encourage the deployment of these systems for public safety solutions, such as border protection and surveillance.

2. Global Application Processor by Geography has been segmented into North America, Europe, APAC, South-America and RoW. APAC is projected to hold the largest share of 45% in the forecast period due to the growing number of investments in security and surveillance, due to high criminal activities, leads to increased public awareness.

3. The market segment by core type into emotion recognition, attendance tracking and monitoring, access control, security and surveillance and others. The access control segment is the leading segment of all the segments in terms of revenue. Access control is a security technique that regulates who or what can view or use resources in a computing environment.

 

Competitive Landscape:

The top 5 players in the Facial Recognition industry are –

1. Onfido

2. Ayonix Corporation

3. Gelmalto NV

4. Cognitec Systems GmbH

5. Fujotsu

 

Click on the following link to buy the Facial Recognition Market Report:

https://www.industryarc.com/reports/request-quote?id=500827

 

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Email: [email protected]

USA: (+1) 614-588-8538, (+1) 815-656-4596

 

Similar Reports:

A. Facial Injectible Market

https://www.industryarc.com/Report/16393/facial-injectible-market.html

B. Facial Recognition Payment Market

https://www.industryarc.com/Report/19209/facial-recognition-payment-market.html

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Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
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Phone: (+1) 970-236-3677
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City: Hyderabad
Country: India
Website: https://www.industryarc.com/Research/Facial-Recognition-Market-Research-500827

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