Facial Recognition Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The Facial Recognition Market size is expected to grow at an annual average of 16% during 2022-2028. Face recognition has recently attracted attention because it has advantages over conventional surveillance technologies such as biometrics. Governments around the world have invested significant resources in facial recognition technology, of which the United States and China are the main adopters. China is one of the leading consumers and exporters of facial recognition technology, and law and enforcement agencies have adopted surveillance technology with several government agencies in the country.

The following segmentation are covered in this report:

By Technology

• 3D Facial Recognition
• 2D Facial Recognition
• Facial Analytics

By End User

• Security and Law Enforcement
• Healthcare
• Retail
• Other End Users

Company Profile

• Panasonic Corporation
• Thales Group 
• NEC Corporation
• Cognitec Systems GmbH
• Aware Inc.
• FacePhi Biometria SA
• Animetrics Inc.
• Ayonix Corporation

Scope of the report

The research study analyses the 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

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Facial Recognition Market Report

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