Technical perspective on Facial Recognition Market with major players like 214 Technologies Inc, A1 Communications Korea

Information Technology, Press Release, Security, Services

Global Facial Recognition Market Estimated to Reach US$ 9071.41 Mn by 2022, as it Helps in Reducing Risk to Human Life during the Forecast Period

In the stored facial database, the identification of the individuals is made by comparing their facial features from an image; this biometric technology is known as facial recognition. In the coming years, this market is going to grow tremendously owing to its increased use in non-law enforcement and law enforcement applications. Among the other biometric technologies, such as skin texture recognition, fingerprint scanning, voice recognition, and iris recognition, facial recognition is preferred on a large scale owing to its easy deployment and non-contact process. This technology is mainly used in the marketing and security purpose.

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The facial recognition market is segmented globally into its component, technology, and use case. On the basis of the component, the global market is segregated into service and software. The service segment is further sub-segmented into cloud-based facial recognition services and training and consulting service. The software segment is sub-segmented into thermal facial recognition, 2D facial recognition, and 3D facial recognition. Based on the technology, the market is categorized into middleware, modeling and restructuring, facial recognition software and SDK (Software Development Kit), databases, and analytics solutions. On the basis of the use case, the facial recognition market is bifurcated into emotion recognition, surveillance, law enforcement, monitoring, e-learning, robotics, and others.

Some of the significant players functioning in the Facial Recognition market include 214 Technologies Inc, A1 Communications Korea, Advanced Biometrics, AmpleTrails, Animetrics, ARH INC., Ayonix corp., Cognitec Systems GmbH, DERMALOG Identification Systems GmbH, Gemalto NV, IDEMIA, NEC Corporation, Princeton Identity, SeeTec GmbH, StoneLock Global Ltd, SUPREMA, and Techshino Technology, among others.

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  • Facial Recognition Market – By Mode of Operation
    • Human Operated
      • Tethered
      • Untethered
    • Autonomous
      • Semi-Autonomous
      • Fully Autonomous
  • Facial Recognitions Market – By Mobile Product
    • Unmanned Ground Vehicle (UGV)
    • Unmanned Aerial Vehicle (UAV)
    • Unmanned Marine Vehicle (UMV)
  • Facial Recognition Market – By End User
    • Industrial & Manufacturing
    • Aerospace & Defense
    • Oil & Gas
    • Logistics & Warehouse
    • Medical & Healthcare
    • Mining & Minerals
    • Forest & Agriculture
    • Power & Energy
  • Facial Recognitions Market – By Region
    • North America
      • U.S.
      • Rest of North America
    • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
    • Middle East and Africa
      • GCC Countries
      • Southern Africa
      • Rest of Middle East and Africa
    • Latin America
      • Brazil
      • Rest of Latin America

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The cost analysis of global Facial Recognition market took into account manufacturing costs, labor costs, raw materials and market concentration, suppliers and price trends. Other factors such as supply chains, downstream buyers, and sourcing strategies were evaluated to provide a complete and in-depth view of the market. Report buyers are exposed to market positioning studies that take into account global 3D printing and pricing strategies for target audiences, training, and strategies.

Using SWOT analysis to gather and study all the information, you can see the competitive environment vividly in global Facial Recognition market. Openings for future market developments were revealed and likewise had a competitive advantage. Taking into account the drift and propensity of this market, it shows that the strategic direction is good. Understand your market base and understand your market data using standards, methodologies, and other driving market trends determined for reference.

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