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North America Facial Recognition Market Size, Share & Trends Analysis Report By Organization Size (Large Enterprises, and Small & Medium Enterprises), By Deployment Mode, By Offering, By Technology, By Application, By Vertical, By Country and Growth Forec

Publisher Knowledge Based Value (KBV) Research
Published Apr 18, 2024
Length 157 Pages
SKU # KBV18746379

Description

North America Facial Recognition Market Size, Share & Trends Analysis Report By Organization Size (Large Enterprises, and Small & Medium Enterprises), By Deployment Mode, By Offering, By Technology, By Application, By Vertical, By Country and Growth Forecast, 2024 - 2031


The North America Facial Recognition Market would witness market growth of 13.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Facial Recognition Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,027.3 million by 2031. The Canada market is experiencing to witness a CAGR of 16.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.2% during (2024 - 2031).

The use of such technology has revolutionized how people engage with digital systems, devices, and services. It has become a potent tool for identity verification, authentication, and access control. Identity verification technology, which offers unmatched convenience, security, and efficiency in verifying people's identities, has been widely adopted across various industries and sectors owing to advancements in artificial intelligence, computer vision, and biometric authentication.

In recent years, face recognition technology has increased exponentially due to the growing need in both the public and private sectors for easy and secure identity verification solutions. Identity verification technology is implemented across numerous sectors, including banking, finance, retail, healthcare, transportation, and law enforcement, to enhance security, streamline operations, and optimize customer experiences.

BFSI organizations in Canada are subject to stringent regulatory requirements regarding customer authentication, data protection, and privacy. This technology helps banks and insurers comply with regulatory standards. Identity verification systems provide secure and compliant customer identification and authentication methods, ensuring that sensitive data is protected, and privacy rights are upheld. As per the data published in 2023 by the International Trade Administration, Canada’s banking industry contributed 3.6% (or US$55 billion) to Canada’s GDP. Additionally, as per the data published in 2023 by the International Trade Administration, the principal law enforcement agencies and the Mexican military (Army, Air Force, Navy, and the Secretary of Public Security and Citizen Protection or SSPC) will be funded by the national security and defense budget in 2023, which increased from USD 16.5 billion in 2022 to USD 17.8 billion. Hence, North America's growing BFSI and national security sectors are expected to boost the region's demand for such systems.

Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Deployment Mode, the market is segmented into On-premises, and Cloud. Based on Offering, the market is segmented into Software, Hardware, and Services. Based on Technology, the market is segmented into 3D, 2D, and Facial Analytics. Based on Application, the market is segmented into Access Control, Attendance Tracking & Monitoring, Security & Surveillance, Emotion Recognition, and Others. Based on Vertical, the market is segmented into Government, Media & Entertainment, Education, Healthcare & Lifesciences, Automobile & Transportation, Manufacturing, Retail & eCommerce, IT & Telecom, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • IDEMIA SAS (Advent International, Inc.)
  • Microsoft Corporation
  • NEC Corporation
  • Thales Group S.A.
  • 3M Company
  • Cognitec Systems GmbH (Salto Systems, S.L.)
  • Aware, Inc.
  • Onfido Limited
  • Animetrics
  • Daon, Inc.
North America Facial Recognition Market Report Segmentation

By Organization Size
  • Large Enterprises
  • Small & Medium Enterprises
By Deployment Mode
  • On-premises
  • Cloud
By Offering
  • Software
  • Hardware
  • Services
By Technology
  • 3D
  • 2D
  • Facial Analytics
By Application
  • Access Control
  • Attendance Tracking & Monitoring
  • Security & Surveillance
  • Emotion Recognition
  • Others
By Vertical
  • Government
  • Media & Entertainment
  • Education
  • Healthcare & Lifesciences
  • Automobile & Transportation
  • Manufacturing
  • Retail & eCommerce
  • IT & Telecom
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

157 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Facial Recognition Market, by Organization Size
1.4.2 North America Facial Recognition Market, by Deployment Mode
1.4.3 North America Facial Recognition Market, by Offering
1.4.4 North America Facial Recognition Market, by Technology
1.4.5 North America Facial Recognition Market, by Application
1.4.6 North America Facial Recognition Market, by Vertical
1.4.7 North America Facial Recognition Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
Chapter 4. Competition Analysis – Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Geographical Expansions
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Nov – 2024, Mar) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Facial Recognition Market by Organization Size
5.1 North America Large Enterprises Market by Region
5.2 North America Small & Medium Enterprises Market by Region
Chapter 6. North America Facial Recognition Market by Deployment Mode
6.1 North America On-premise Market by Region
6.2 North America Cloud Market by Region
Chapter 7. North America Facial Recognition Market by Offering
7.1 North America Software Market by Country
7.2 North America Hardware Market by Country
7.3 North America Services Market by Country
Chapter 8. North America Facial Recognition Market by Technology
8.1 North America 3D Market by Country
8.2 North America 2D Market by Country
8.3 North America Facial Analytics Market by Country
Chapter 9. North America Facial Recognition Market by Application
9.1 North America Access Control Market by Country
9.2 North America Attendance Tracking & Monitoring Market by Country
9.3 North America Security & Surveillance Market by Country
9.4 North America Emotion Recognition Market by Country
9.5 North America Others Market by Country
Chapter 10. North America Facial Recognition Market by Vertical
10.1 North America Government Market by Country
10.2 North America Media & Entertainment Market by Country
10.3 North America Education Market by Country
10.4 North America Healthcare & Lifesciences Market by Country
10.5 North America Automobile & Transportation Market by Country
10.6 North America Manufacturing Market by Country
10.7 North America Retail & eCommerce Market by Country
10.8 North America IT & Telecom Market by Country
10.9 North America Others Market by Country
Chapter 11. North America Facial Recognition Market by Country
11.1 US Facial Recognition Market
11.1.1 US Facial Recognition Market by Organization Size
11.1.2 US Facial Recognition Market by Deployment Mode
11.1.3 US Facial Recognition Market by Offering
11.1.4 US Facial Recognition Market by Technology
11.1.5 US Facial Recognition Market by Application
11.1.6 US Facial Recognition Market by Vertical
11.2 Canada Facial Recognition Market
11.2.1 Canada Facial Recognition Market by Organization Size
11.2.2 Canada Facial Recognition Market by Deployment Mode
11.2.3 Canada Facial Recognition Market by Offering
11.2.4 Canada Facial Recognition Market by Technology
11.2.5 Canada Facial Recognition Market by Application
11.2.6 Canada Facial Recognition Market by Vertical
11.3 Mexico Facial Recognition Market
11.3.1 Mexico Facial Recognition Market by Organization Size
11.3.2 Mexico Facial Recognition Market by Deployment Mode
11.3.3 Mexico Facial Recognition Market by Offering
11.3.4 Mexico Facial Recognition Market by Technology
11.3.5 Mexico Facial Recognition Market by Application
11.3.6 Mexico Facial Recognition Market by Vertical
11.4 Rest of North America Facial Recognition Market
11.4.1 Rest of North America Facial Recognition Market by Organization Size
11.4.2 Rest of North America Facial Recognition Market by Deployment Mode
11.4.3 Rest of North America Facial Recognition Market by Offering
11.4.4 Rest of North America Facial Recognition Market by Technology
11.4.5 Rest of North America Facial Recognition Market by Application
11.4.6 Rest of North America Facial Recognition Market by Vertical
Chapter 12. Company Profiles
12.1 IDEMIA SAS (Advent International, Inc.)
12.1.1 Company Overview
12.1.2 Recent strategies and developments:
12.1.2.1 Partnerships, Collaborations, and Agreements:
12.1.3 SWOT Analysis
12.2 Microsoft Corporation
12.2.1 Company Overview
12.2.2 Financial Analysis
12.2.3 Segmental and Regional Analysis
12.2.4 Research & Development Expenses
12.2.5 Recent strategies and developments:
12.2.5.1 Product Launches and Product Expansions:
12.2.6 SWOT Analysis
12.3 NEC Corporation
12.3.1 Company Overview
12.3.2 Financial Analysis
12.3.3 Segmental and Regional Analysis
12.3.4 Research & Development Expenses
12.3.5 Recent strategies and developments:
12.3.5.1 Partnerships, Collaborations, and Agreements:
12.3.5.2 Product Launches and Product Expansions:
12.3.6 SWOT Analysis
12.4 Thales Group S.A.
12.4.1 Company Overview
12.4.2 Financial Analysis
12.4.3 Segmental and Regional Analysis
12.4.4 Research & Development Expenses
12.4.5 Recent strategies and developments:
12.4.5.1 Product Launches and Product Expansions:
12.4.6 SWOT Analysis
12.5 3M Company
12.5.1 Company Overview
12.5.2 Financial Analysis
12.5.3 Segmental and Regional Analysis
12.5.4 Research & Development Expense
12.5.5 SWOT Analysis
12.6 Cognitec Systems GmbH (Salto Systems, S.L.)
12.6.1 Company Overview
12.6.2 Recent strategies and developments:
12.6.2.1 Product Launches and Product Expansions:
12.6.3 SWOT Analysis
12.7 Aware, Inc.
12.7.1 Company Overview
12.7.2 Financial Analysis
12.7.3 Regional Analysis
12.7.4 Research & Development Expenses
12.7.5 Recent strategies and developments:
12.7.5.1 Partnerships, Collaborations, and Agreements:
12.7.6 SWOT Analysis
12.8 Onfido Limited
12.8.1 Company Overview
12.8.2 Recent strategies and developments:
12.8.2.1 Partnerships, Collaborations, and Agreements:
12.8.3 SWOT Analysis
12.9 Animetrics
12.9.1 Company Overview
12.9.2 SWOT Analysis
12.10. Daon, Inc.
12.10.1 Company Overview
12.10.2 Recent strategies and developments:
12.10.2.1 Product Launches and Product Expansions:
12.10.2.2 Geographical Expansions:
12.10.3 SWOT Analysis

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