Facial recognition market is expected to grow at a CAGR of 13% by 2023, on account of growing criminal activities and increasing need for enhanced monitoring and surveillance. Moreover, raising awareness about the benefits of facial recognition and growing implementation by the commercial sector is further expected to push the demand for facial recognition technology in the coming years. Government, transportation and military & defense are the largest contributors to the global facial recognition market as these end-use sectors are adopting facial recognition for real-time identification of criminals and to provide the more secure environment.
Additionally, huge National ID Programs like ‘Aadhaar’ in India are also boosting the face recognition market as they involve recording the facial biometrics of individuals as well.
Global facial recognition market is controlled by these major players,
Cognitec Systems GmbH
Why Should You Buy This Report?
To gain an in-depth understanding of facial recognition in the global market
To identify the on-going trends and anticipated growth in the next five years
To help industry consultants, facial recognition distributor, distributors and other stakeholders align their market-centric strategies
To obtain research-based business decisions and add weight to presentations and marketing material
To gain competitive knowledge of leading market players
For more inquiry contact our sales team at email@example.com