North America Emerged to Be the Fastest-Growing Market for Facial Recognition during the Review Period
The North American market consists of the US, Canada, and Mexico. The US was the highest revenue-generating country owing to the presence of numerous players. In North America, Facial Recognition Market is used in security and law enforcement applications to monitor border management, defense, employee screenings, healthcare, security, and more. The government organizations in these regions are in charge of national security in important public areas like international airports, police stations, hospitals, and hotels in order to combat and lessen terrorism. Such factors are driving the market in North America.
Europe is the fastest-growing regional market for the facial recognition market. The countries have been deploying facial recognition technology across government, healthcare, transportation, and BFSI, among other sectors. Also, European countries have adopted a Facial Recognition solution to tighten their border security that including Austria, Switzerland, Germany, Lithuania, Luxembourg, Latvia, the Netherlands, Poland, Portugal, and Slovenia.
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Asia-Pacific is the second largest regional market for facial recognition owing to rapidly growing government initiatives across various sectors such as automotive, transportation, retail, and consumer goods. APAC offers potential growth opportunities as there is a rise in adoption among enterprises and law enforcement agencies that are turning towards facial recognition solutions to secure against potential threats.
The United Arab Emirates has been moving in the right direction in terms of the adoption of new technology. In 2018, Dubai Police announced installing tens of thousands of facial detection cameras ahead of its Expo 2020 event. These cameras were installed to catch criminal activity. With the help of these devices, verbal warnings were issued to suspected criminals, informing them that they were under surveillance. Thus, there is a large-scale adoption of facial recognition software in the UAE. Careem uses the Group’s facial recognition platform to secure the driver enrolment process. In combination, these applications will ensure that Careem can provide improved levels of passenger security and safety across the ride-hailing sector. Also, Istanbul airport has installed a passenger control system and facial recognition to improve the security checks and passenger waiting process at airports. The passenger control system uses a fingerprint recognition system, which requires a one-time registration by the passengers.
Facial recognition has advanced quickly and quietly in South America. South America includes Brazil, Argentina, Chile, and other countries. Brazil is a leading country in South America that has successfully adopted the biometric medium for identification in banking and government-assisted programs. The government of Brazil has deployed a fingerprint-based transport card system and facial recognition technology in buses in Rio. Brazil has seen increased adoption of facial recognition systems as the city of Rio has deployed CCTV cameras enabled with facial recognition technologies to help the police fight against crime such as drug trafficking. Also, Chile has witnessed high economic growth in the South American region. However, security remains a top concern for the government of Chile. HID Global’s biometric sensors are used in retail banks, financial institutions, and government agencies to improve ATM security and transactions. The local government of Brasilia has deployed facial recognition technology for public security purposes.
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Facial Recognition Market Key Players
Some of the prominent players operating in the global Facial Recognition market include Cognitec Systems GmbH (Germany), Aware Inc. (US), Facefirst. All (US), NEC Corporation (NEC), Dell Inc.(US), Thales Digital Identity and Security (US), Daon, Inc (US), Ayonix Corporation (Japan), kairos AR, Inc (US), Key Lemon Ltd (Switzerland), Safran S.A (France), Face++ (China), Fareclock (US), Nuance Commuication, Inc (US), Google LLC (US), Intel Security Group (US), 3M Company (US), Advanced Micro Devices, Inc (US), Animetrics, Inc (US), Apple, Inc (US), AsusTek Computer Inc. (Taiwan), Allied Times USA Inc (US), and Lenovo Group Limited (China),
Facial Recognition Market Covid Impact Analysis
In light of the pandemic, these contactless verification technologies have grown in significance. Governments and businesses are turning to novel applications of biometric technologies as the current COVID-19 pandemic sweeps the globe and profoundly changes society in an effort to contain the spread and preserve economic opportunities. Technologies that may have once seemed to belong in science fiction, such as smartphone-based immunity certificates, remote fever detection, or thermal facial recognition, are now not only feasible but also in use. In addition, two Chinese businesses have created AI-based coronavirus diagnostic software that uses CT scans to find lung issues. In February 2020, this technology was utilized in at least 34 Chinese hospitals to screen 32,000 suspected cases.
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Facial Recognition Market Segmentation
The global Facial Recognition market has been segmented on the basis of technology, service type, component, end-user, and region.
The global Facial Recognition market, based on technology has been segmented into 3D facial recognition, 2D facial recognition, thermal imaging, skin texture analysis, and others. period.
The global Facial Recognition market, based on service, has been segmented into consulting and cloud-based services.
The global Facial Recognition Market, based on components, has been segmented into hardware and software.
The global Facial Recognition Market, based on end-user has been segmented into government, BFSI, commercial retail, automotive, and others.
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