Facial recognition market refers to computer application that can identify an individual by comparing from a digital image or stored record for that person. This system is basically used for security purposes, though there is increasing interest in other areas.
Global facial recognition market is expected to grow at a CAGR of around 21% from 2017 to 2025.
Based on component, market is segmented into software tools and services. By technology, market is segmented into facial recognition software and SDK, middleware, databases, modelling & restructuring, and analytical solutions.
The top players in the global facial recognition market include 3M Company, NEC Corporation, Animetrics Inc, Safran Group, and Daon Inc, Aware Inc, NVISO, Ayonix, Keylemon, and Cognitec Systems GMBH (Germany).
Increased demand of facial recognition technology in various industry verticals such as government and utilities, military, homeland security, retail, banking, financial services and insurance (BFSI), and others.
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