2D Facial Recognition Market Trends, Business Overview, Industry Growth and Forecast to 2028

The 2D facial recognition market size was valued at $3 billion in 2020, and is projected to reach $16 billion by 2028, growing at a CAGR of 16% from 2022 to 2028. Facial recognition is a way of recognizing a human face through technology. A facial detection system uses biometrics to map facial features from a photograph or video. It compares information with a database of known faces to find a match. Moreover, the accuracy of facial recognition systems has improved way better in the last decade.

Key Players

• 3M
• Animetrics Inc.
• Cognitec Systems GmbH
• Crossmatch
• Daon Inc.
• FaceFirst, Inc.
• IBM Corporation
• Microsoft Corporation
• NEC Corporation

By Type

• 2D
• 3D
• Facial Analytics

By Application

• Access Control
• Attendance Tracking & Monitoring
• Emotion Recognition
• Security & Surveillance
• Others

Scope of the Report

The research study analyses the  2D Facial Recognition Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Geographic Coverage 

• o North America Market Size and/or Volume
• o Latin America Market Size and/or Volume
• o Europe Market Size and/or Volume
• o Asia-Pacific Market Size and/or Volume
• o Rest of the world Market Size and/or Volume

Key Questions Answered by 2D Facial Recognition Market Report

• What was the 2D Facial Recognition Market   size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of the 2D Facial Recognition Market  during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the 2D Facial Recognition Market  was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.