Market Research Logo

Global Facial Recognition Market 2017-2021

About Facial Recognition

Facial recognition technology is used for the identification of an individual. Facial recognition system measures the overall facial features of a person, which includes the eyes, mouth, nose, and jaw edges. It is being used in high-security areas for control access. Facial recognition is largely used in the government, financial, transit, and aviation sectors to identify and authenticate individuals. Facial recognition systems are widely accepted as they are non-intrusive, and they can work from a distance of more than two feet.

Technavio’s analysts forecast the global facial recognition market to grow at a CAGR of 22.53% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global facial recognition market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of biometrics solutions, including hardware, software, integrated solutions, and services used in facial recognition systems.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • MEA
  • North America
  • South America
Technavio's report, Global Facial Recognition Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • 3M Cogent
  • Cognitec Systems
  • NEC
  • Safran
Other prominent vendors
  • ArcSoft
  • Aurora Computer Services
  • Aware
  • FaceFirst
  • Fulcrum Biometrics
  • Gemalto
  • Google
  • Herta Security
  • Imagus Technology
  • KeyLemon
  • Lathem Time
  • Luxand
  • Netatmo
  • XiD Technologies
Market driver
  • Increasing instances of identity threats
  • For a full, detailed list, view our report
Market challenge
  • High cost of deployment
  • For a full, detailed list, view our report
Market trend
  • Integration of facial recognition in video surveillance
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Facial Recognition Market 2017-2021

Technavio recognizes the following companies as the key players in the global facial recognition market: 3M Cogent, Cognitec Systems, NEC, and Safran.

Other Prominent Vendors in the market are: ArcSoft, Aurora Computer Services, Aware, FaceFirst, Fulcrum Biometrics, Gemalto, Google, Herta Security, Imagus Technology, KeyLemon, Lathem Time, Luxand, Netatmo, and XiD Technologies.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of facial recognition in video surveillance. Currently, vendors are incorporating facial recognition capabilities in video surveillance systems to help in effective and easy identification of intruders or attackers and enhance the level of security. The increasing instances of intruder threats have created the need for strong security, and governments worldwide are increasing their security budgets.”

According to the report, one driver in the market is increasing instances of identity threats. The increasing dependence of end-users on websites and web applications is giving rise to an increasing number of identity and data theft cases. The growing popularity of online gaming and social network websites is also adding to the rising number of identity theft cases. In addition, the increasing complexity of these attacks is driving end-users to implement secure authentication solutions. Thus, there is increased adoption of biometric security solutions.

Further, the report states that one challenge in the market is high cost of deployment. One of the major challenges restricting the use of facial recognition systems is the high cost of deployment. Large-scale deployment of facial recognition systems in government departments and airports is a time-consuming process, and they typically have a long sales cycle. In addition, the cost of deployment varies depending on the user requirements. The budget constraints limit the testing of facial recognition solutions.



Companies Mentioned

3M Cogent, Cognitec Systems, NEC, and Safran.ArcSoft, Aurora Computer Services, Aware, FaceFirst, Fulcrum Biometrics, Gemalto, Google, Herta Security, Imagus Technology, KeyLemon, Lathem Time, Luxand, Netatmo, and XiD Technologies.

  • Executive summary
  • Scope of the report
  • Introduction
    • Market outline
      • Table Workflow of facial recognition systems
  • Market landscape
    • Market overview
      • Table Market overview
    • Product life cycle
      • Table Product life cycle
    • Market size and forecast
      • Table Global facial recognition market 2016-2021 ($ billions)
  • Market segmentation by technology
    • Market overview
    • Global facial recognition market by technology
      • Table Global facial recognition market by technology 2016
      • Table Global facial recognition market by technology 2016-2021 (% share of revenue)
      • Table Global 3D facial recognition market 2016-2021 ($ billions)
      • Table Global 2D facial recognition market 2016-2021 ($ billions)
  • Market segmentation by application
    • Market overview
    • Global facial recognition market for identification
      • Table Global facial recognition market for identification 2016-2021 ($ billions)
    • Global facial recognition market for verification
      • Table Global facial recognition market for verification 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
    • Global facial recognition market by end-user
      • Table Global facial recognition market by end-users 2016
      • Table Global facial recognition market by end-user 2016-2021 (% share of revenue)
    • Global facial recognition market by government sector
      • Table Global facial recognition market by government sector 2016-2021 ($ billions)
    • Global facial recognition market by transportation sector
      • Table Global facial recognition market by transportation sector 2016-2021 ($ billions)
    • Global facial recognition market by BFSI sector
      • Table Global facial recognition market by BFSI sector 2016-2021 ($ billions)
  • Geographical segmentation
    • Global facial recognition market by geography
      • Table Global facial recognition market by geography 2016
      • Table Global facial recognition market by geography 2016-2021 (% share of revenue)
    • Facial recognition market in North America
      • Table Facial recognition market in North America 2016-2021 ($ billions)
    • Facial recognition market in Europe
      • Table Facial recognition market in Europe 2016-2021 ($ billions)
    • Facial recognition market in APAC
      • Table Facial recognition market in APAC 2016-2021 ($ billions)
    • Facial recognition market in MEA
      • Table Facial recognition market in MEA 2016-2021 ($ billions)
    • Facial recognition market in South America
      • Table Facial recognition market in South America 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Facial recognition using photos on social networking sites
    • Integration of facial recognition in video surveillance
    • Emergence of facial analytics
    • Increasing adoption of multimodal biometric systems
  • Buying criteria
    • Table Buying criteria
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive scenario
    • Product offerings
      • Table Product offerings
    • Vendor matrix
      • Table Features of key vendor products
      • Table Applications of key vendor products
      • Table End-users of key leading vendors
    • Comparative analysis
      • Table Comparative analysis 2016
    • Vendor description
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report