Facial Recognition Market Size, Share, and Growth 2024-2031
Facial Recognition Market: Strategic Insights
Facial Recognition Market
-
CAGR (2023 - 2031)14.2% -
Market Size 2023
US$ 6.53 Billion -
Market Size 2031
US$ 18.87 Billion
Market Dynamics
GROWTH DRIVERS
- Growing Demand for Contactless Authentication
FUTURE TRENDS
- Rising awareness of using facial recognition technology
OPPORTUNITIES
- Rising Investment by Government Sector
Key Players
- Tech5
- IDEMIA
- Aware Inc
- Cognitec Systems GmbH
- Ayonix Corporation
- Fujitsu Limited
- Onfido
- NEC Corporation
- Thales Group
- Face PHI
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Software
- Hardware
- Services
Application
- Security & Surveillance
- Access Control
Vertical
- BFSI
- Retail & Ecommerce
- Government
- Healthcare
- Education
- Automotive & Transportation