The Facial Recognition Global Market Report 2023, provides comprehensive information on the facial recognition market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Facial Recognition Global Market Report 2023, the market size will grow from $5.43 billion in 2022 to $6.28 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the facial recognition is expected to grow to $11.35 billion in 2027 at a CAGR of 16.0%.
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The facial recognition market is segmented:
By Technology
2D
3D
Facial Analytics
By Application
Emotion Recognition
Attendance Tracking And Monitoring
Access Control
Security And Surveillance
Other Applications
By End User
Retail And E-commerce
Media And Entertainment
Banking
Financial Services And Insurance (BFSI)
Automobile And Transportation
Telecom And Information Technology (IT)
Government
Healthcare
Other End-Users
Top Major Players
Aware Inc.
Ayonix Corporation
Cognitec Systems GmbH
FacePhi
NEC Corporation
North America was the largest region in the facial recognition market in 2022.
The table of contents in TBRC’s facial recognition market report includes:
1. Executive Summary
2. Facial Recognition Market Characteristics
3. Facial Recognition Market Trends And Strategies
4. Facial Recognition Market – Macro Economic Scenario
5. Facial Recognition Market Size And Growth
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26. Africa Facial Recognition Market
27. Facial Recognition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Facial Recognition Market
29. Facial Recognition Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Facial Recognition Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Facial Recognition Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Facial Recognition Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: Aware Inc Financial Performance
Table 47: Ayonix Corporation Financial Performance
Table 48: Cognitec Systems GmbH Financial Performance
Table 49: FacePhi Financial Performance
Table 50: NEC Corporation Financial Performance
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