#Daon Inc Biometric Technology Market

[techviewindustry]

Biometric System Market 2025 Growth: Factors Influencing Expansion and Investment

The recently released Fortune Business Insights research on the Global Biometric System Market survey report provides facts and statistics regarding market structure and size. Global Biometric System Market Size 2025 Research report presents an in-depth analysis of the Global Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. The research’s goal is to provide market data and strategic insights to help decision-makers make educated investment decisions while also identifying potential gaps and development possibilities.

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Companies Profiled in the Global Biometric System Market:

HID Global Corporation (U.S.)

Bio Key International (U.S.)

NEC Corporation (Japan)

Thales Group (U.S.)

Fulcrum Biometric Inc. (U.S.)

Nuance Communication Inc. (U.S.)

Precise Biometric (Sweden)

Qualcomm Technology (U.S.)

Dreamlog Identification System Inc. (Germany)

Daon Inc. (U.S.)

Increasing Number of Criminal Cases to Fuel Market Progression

Increasing cases criminal cases and activities led to the demand for security and surveillance, which is anticipated to drive the biometric system market growth.Biometric systems are used for scanning biometric characteristics such as iris, voice, fingerprint, signature, DNA, hand geometry, and vein patterns.The main aim is to reduce crimes and terrorist attacks. Growing technology-based CCTV cameras in emerging countries such as India, China, and Japan is expected to drive market growth. Launch of various government initiatives and policies are expected to push market growth.

However, the high initial investments in biometric devices are anticipated to hamper market growth.

What exactly is included in the Report?

– Industry Trends and Developments: In this section, the authors of the research discuss the significant trends and developments that are occurring in the Biometric System Market place, as well as their expected impact on the overall growth.

– Analysis of the industry’s size and forecast: The industry analysts have provided information on the size of the industry from both a value and volume standpoint, including historical, present and projected figures.

– Future Prospects: In this portion of the study market participants are presented with information about the prospects that the Biometric System Market is likely to supply them with.

– The Competitive Landscape: This section of the study sheds light on the competitive landscape of the Biometric System Market by examining the important strategies implemented by vendors to strengthen their position in the global market.

– Study on Industry Segmentation: This section of the study contains a detailed overview of the important Biometric System Market segments, which include product type, application, and vertical, among others.

– In-Depth Regional Analysis: Vendors are provided with in-depth information about high-growth regions and their particular countries, allowing them to place their money in more profitable areas.

This Report Answers the Following Questions:

What are the Biometric System Market growth drivers, hindrances, and dynamics?

Which companies would lead the market by generating the largest revenue?

How will the companies surge the processes adoption amid the COVID-19 pandemic?

Which region and segment would dominate the Biometric System Market in the coming years?

Biometric System Market Segments:

By Authentication Type

Multi-factor Authentication

Single Factor Authentication

By Contact Type

Contact-based System

Contact Less System

Hybrid

By Technology

Face Recognition

Iris Recognition

Voice Recognition

Vein Recognition

Fingerprint Recognition

Others

By Mobility

Fixed

Portable

By End-user

BFSI

Military & Defense

Consumer Electronics

Travel & Transport

Commercial

Smart Home

Government & Public

Others

Table Of Content:

1. Introduction 1.1. Research Scope 1.2. Market Segmentation 1.3. Research Methodology 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities

4. Key Insights 4.1 Global Statistics — Key Countries 4.2 New Product Launches 4.3 Pipeline Analysis 4.4 Regulatory Scenario — Key Countries 4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions

5. Global Biometric System Market Analysis, Insights and Forecast 5.1. Key Findings/ Summary 5.2. Market Analysis — By Product Type 5.3. Market Analysis — By Distribution Channel 5.4. Market Analysis — By Countries/Sub-regions

……………

11. Competitive Analysis 11.1. Key Industry Developments 11.2. Global Market Share Analysis 11.3. Competition Dashboard 11.4. Comparative Analysis — Major Players

12. Company Profiles

12.1 Overview 12.2 Products & Services 12.3 SWOT Analysis 12.4 Recent developments 12.5 Major Investments 12.6 Regional Market Size and Demand

13. Strategic Recommendations

TOC Continued……………….

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[ken-research-market-research]

Rising Standards of Living, and Increase in Concern Related to Safety & Security Coupled with Rise in Applications of Biometric Technology to Drive the Global Biometric Technology Market over the Forecast Period: Ken Research Biometric technology is used for authentication and identification of individuals by measuring & analyzing their private traits-fingerprints, hand geometry, iris, voice, vascular pattern, face, palm print, or behavioral characteristics-signature, typing pattern.

[marketsnmarkets39]

Facial Recognition Market 2019 Size, Share, Growth, Strategies, Trends, Analysis and Forecast to 2022

According to a new market research report "Facial Recognition Market by Component (Software Tools and Services), Technology, Use Case (Emotion Recognition, Attendance Tracking and Monitoring, Access Control, Law Enforcement), End-User, and Region - Global Forecast to 2022” ", published by MarketsandMarkets™, The global facial recognition market is expected to grow from USD 4.05 Billion in 2017 to USD 7.76 Billion by 2022, at CAGR of 13.9% from 2019 to 2022.

Facial recognition technologies are used to minimize the threats associated with terrorism and border securities. The growing need for surveillance at public places is expected to be one of the major factors that drives the growth of the facial recognition market.

Browse and in-depth TOC on “Facial Recognition Market”

82- Tables

37 - Figures

156 - Pages  

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Services segment is expected to grow at the highest CAGR during the forecast period

Due to the growing awareness among enterprises about the features of facial recognition technologies and the rising need for a more secured biometric system, the demand for facial recognition system is said to be increasing globally. Facial recognition services play a vital role in face detection and recognition, and comprise training and consulting services and cloud-based facial recognition services. Facial recognition services are offered for governments, homeland security, military, retail, and healthcare.

3D facial recognition technology segment is expected to have the largest market size by the end of the forecast period

The 3D facial recognition technology is independent of illumination, which enables it to capture high-quality images in uncontrolled environments, such as poorly lit and  or completely dark areas. The 3D facial recognition model overcomes the drawbacks of the 2D facial recognition technology. The 3D facial recognition technologies have a high potential to analyze, identify, and verify the facial characteristics of individuals. The technologies are also used in application areas, such as cross-border monitoring, document verification, and identity management.

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Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period

Factors such as huge investments from the government sector toward security and surveillance infrastructure, increased public awareness, and the emergence of sophisticated technologies backed by analytics are said to be driving the facial recognition market growth in APAC significantly. In addition, a high market growth is anticipated due to the technological advancements and mandatory regulations imposed by the government regulatory entities in the region to adopt the best-in-class technologies and standards.

The facial recognition market report encompasses the competitive landscape, which presents the positioning of the 25 key facial recognition vendors based on their product offerings and business strategies. Some of these major vendors include Aware (US), NEC Corporation (Japan), Ayonix Corp. (Japan), Cognitec Systems (Germany), KeyLemon (Switzerland), nViso (Switzerland), Herta Security (Spain), Techno Brain (Kenya), Neurotechnology (Lithuania), Daon (US), Animetrics (US), 3M Company (US), IDEMIA (France), and Gemalto (Netherlands).

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[stratviewresearch]

Voice Recognition Market Clinical Research Analysis and Global Outlook 2022 to 2027

Stratview Research delivers key insights on the global Voice Recognition Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.

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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.

Key Players

The following are some of the key players in the Voice Recognition Market:

• Aculab PLC

• Agnitio S.L.

• Auraya Systems

• Aware, Inc.

• Daon, Inc.

• ID R&D, Inc.

• Mobvoi Information Technology Company Limited

• NEC Corporation

• Nuance Communications, Inc.

• OneVault.

Growth drivers and Market Value:

This report, from Stratview Research Voice Recognition Market value and growth drivers over the trend period of 2022-27. According to the report -

Voice Recognition Market is likely to witness an impressive CAGR of 17.5% during the forecast period. Factors such as growing demand for easier, faster, and safer user authentication among various sectors, stringent government policies associated with user’s data security, growing fraudulent activities in several industry verticals, and increasing adoption of AI-based voice recognition systems are some of the major factors driving the growth of the market during the forecast period.

Segment Analysis:

Based on by Deployment Model Type:

Based on the deployment model type, the market is segmented as on-premise and cloud. The cloud-based deployment model is expected to register higher growth during the forecast period. It offers various gainful features, such as IT security, scalability, high speed, and 24*7 services and requires only a proper internet connection which minimizes the physical infrastructural costs, boosting the segment’s growth over the forecast period.

Based on Regional:

In terms of regions, Asia-Pacific is estimated to be the fastest-growing region in the market owing to increasing adoption of smart electronic devices in the region during the forecast period. Factors such as consumer electronics devices being integrated with biometric-based voice recognition technology which offers hands-free activation and interactive actions using voice commands, and growing production and consumption of electronic devices in the region are expected to accelerate the growth of the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

What is the global demand for Voice Recognition Market in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fuelling the growth of the market?

Which region accounted for the largest share in the market?

How did the Covid19 impacted the market?

How long will it take to recover from the Covid impact?

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[chitrakullkarni]

Fingerprint Access Control Systems Market Top Companies Financial Performance Analysis Report, 2024

Global Fingerprint Access Control Systems Market is expected to reach USD 11.88 billion by 2024. Fingerprint access control systems is a biometric access control system that allows an enhanced level of security than passwords or cards. It recognizes human beings through their physical uniqueness. The system reads the print of the finger and matches it against the stored image that has already been taken. The fingerprint access control systems market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

Growth Drivers:

The factors that are playing a major role in the growth of the fingerprint access control system market are the rising demand for biometric solutions, growing demand from end-users, availability of innovative solutions and technological enhancement, and rising crime and terrorist activities. However, developing palm and iris authorization systems may restrain overall market growth in the years to come. Fingerprint access control systems market is segmented based on product type, application, and region.

Prominent Companies:

The key players of fingerprint access control systems industry are ZKTeco, 3M Cogent, Aware, Inc., Cross Match Technologies Inc., Diamond Fortress Technologies, ViRDI Tech, Daon Inc., Fingerprint Cards AB (FPC), Entertech Systems, Merkatum Corporation, Hitachi Omron Terminal Solutions, Suprema Inc., NEC Corporation of America, SecuGenCorporation, and Lockheed Martin Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Product Outlook:

Thermal, optical, ultrasonic, capacitive, pressure, and other product types could be explored in fingerprint access control systems in the forecast period. The optical sector accounted for the substantial market share of fingerprint access control systems and is estimated to continue its dominance in the years to come. The reason behind the overall market growth could be the rising use of electronic devices like smartphones. In addition, the capacitive sector is estimated to grow at the highest CAGR in the years to come.

Application Outlook:

The market may be categorized based on applications like healthcare, commercial, banking & finance, consumer electronics, military & defense, government, and others could be explored in the forecast period. Commercial sector accounted for the significant market share of fingerprint access control systems and is estimated to lead the overall market in the years to come. The reason could be rising demand for safety and security across the business sector. Also, the consumers electronics sector is estimated to grow at the fastest pace in the years to come.

Regional Insights:

Globally, North America accounted for a substantial market share of fingerprint access control systems and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be growing penetration of solutions across consumer electronics and healthcare industries, high funding for banking & financial and military & defense sector, and technological enhancement. The United States is a major consumer of fingerprint access control systems in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise growing crime and security threat. The developing countries like India and China are the major consumers of fingerprint access control systems in this region.

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[daisyri-me]

Fingerprint Access Control Systems Market to Surpass USD 11.88 billion by 2024 With Major Players : ZKTeco & 3M Cogent

Global Fingerprint Access Control Systems Market is expected to reach USD 11.88 billion by 2024. Fingerprint access control systems is a biometric access control system that allows an enhanced level of security than passwords or cards. It recognizes human beings through their physical uniqueness. The system reads the print of the finger and matches it against the stored image that has already been taken. The fingerprint access control systems market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

The factors that are playing a major role in the growth of the fingerprint access control system market are the rising demand for biometric solutions, growing demand from end-users, availability of innovative solutions and technological enhancement, and rising crime and terrorist activities. However, developing palm and iris authorization systems may restrain overall market growth in the years to come. Fingerprint access control systems market is segmented based on product type, application, and region.

Thermal, optical, ultrasonic, capacitive, pressure, and other product types could be explored in fingerprint access control systems in the forecast period. The optical sector accounted for the substantial market share of fingerprint access control systems and is estimated to continue its dominance in the years to come. The reason behind the overall market growth could be the rising use of electronic devices like smartphones. In addition, the capacitive sector is estimated to grow at the highest CAGR in the years to come.

The market may be categorized based on applications like healthcare, commercial, banking & finance, consumer electronics, military & defense, government, and others could be explored in the forecast period. Commercial sector accounted for the significant market share of fingerprint access control systems and is estimated to lead the overall market in the years to come. The reason could be rising demand for safety and security across the business sector. Also, the consumers electronics sector is estimated to grow at the fastest pace in the years to come.

Globally, North America accounted for a substantial market share of fingerprint access control systems and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be growing penetration of solutions across consumer electronics and healthcare industries, high funding for banking & financial and military & defense sector, and technological enhancement. The United States is a major consumer of fingerprint access control systems in this region.

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Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise growing crime and security threat. The developing countries like India and China are the major consumers of fingerprint access control systems in this region.

The key players of fingerprint access control systems industry are ZKTeco, 3M Cogent, Aware, Inc., Cross Match Technologies Inc., Diamond Fortress Technologies, ViRDI Tech, Daon Inc., Fingerprint Cards AB (FPC), Entertech Systems, Merkatum Corporation, Hitachi Omron Terminal Solutions, Suprema Inc., NEC Corporation of America, SecuGenCorporation, and Lockheed Martin Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market Segment:

Fingerprint Access Control Product Outlook (USD Million, Thousand Units 2014 - 2024)     • Optical     • Capacitive     • Pressure     • Ultrasonic     • Thermal

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[wenickjones]

Biometrics Middleware Market Share & Global Industry Report, 2021-2027

Facto Market Insights recently published market research report on the Global Biometrics Middleware Market to its collection of market research reports. The research report covers detailed analysis of market sizing and forecasting of the market covering the market drivers, challenges, opportunity analysis, and trends, along with various key insights in the global market. The research report also includes the analysis of regional manufacturers and new market players, covering all the information suitable for the clients to make strategic business decisions in the industry.

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The report covers PESTLE analysis and porter’s five forces analysis which demonstrates the five forces including buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the global biometrics middleware market. In the study, the framework of porter's five forces analysis explains the method for analyzing the competition of the business covering the industry structure & the level of competition in the market. Along with this, the research report also covers the facts & figures related to the macroeconomic trends that are anticipated to impact the growth of the overall market.

In addition to this, the report also covers the section of competitive landscape of the global market, which includes the market share & positioning of all the leading players in the industry. The competitive landscape analysis provides in-depth analysis of the company’s business and performance including company overview, recent investments by top players, financial information of market players, business strategy, revenue breakup by segment and by geography, SWOT Analysis, key product offering, marketing and distribution strategies, new product development. A section of recent news & development has been added to the report which covers the latest information that are related with the market covering the acquisition, expansion, technology development, research & development activities, and other market activities.

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The Following are the Key Features of Global Biometrics Middleware Market Report:

Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis

Growth Drivers and Barriers, Market Trends & Market Opportunities

Porter’s Five Forces Analysis & Trade Analysis

Market Forecast Analysis for 2020-2027

Market Segments by Geographies and Countries

Market Segment Trend and Forecast

Market Analysis and Recommendations

Price Analysis

Key Market Driving Factors

Biometrics Middleware Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.

Market Segmentation:

The research offers a comprehensive analysis of global biometrics middleware market with respect to following sub-markets:

Biometrics Middleware Market, by Type:

Software

Service

Biometrics Middleware Market, by Industry Type:

BFSI

Healthcare

Manufacturing

Services, Communication and Media

Retail

Transportation and Utilities

Institutions

Residential

Regional Insights:

The report analyses the market by geographies i.e. North America, Europe, Asia Pacific, Latin America & Middle East & Africa. Further, the regions are fragmented into the country and regional groupings:

- North America (U.S. & Canada)

- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)

- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)

- Latin America (Brazil, Mexico, and Rest of Latin America)

- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)

Competitive Analysis

The central members of the market are recorded in this segment of the examination. It assists with understanding the strategies and unions that players focus on battling market competition. A fundamental infinitesimal glance at the market is given in the essential investigation. The significant players working in the global biometrics middleware market are:

Biocatch Ltd

Daon Inc.

Aware Inc.

Precise Biometrics Ab

Aerendir Mobile Inc.

Crossmatch Technologies Inc.

Centrify Corporation

Fischer International Identity, LLC.

Identity Automation

Imageware Systems Inc

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[marketsnmarkets39]

Facial Recognition Market is booming Globally with Top key players- NEC Corporation, Aware

MarketsandMarkets forecasts the facial recognition market size to grow from USD 3.8 billion in 2020 to USD 8.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.2% from 2020 to 2025. Growing importance of the surveillance industry, increasing investments in facial recognition technologies by government and defense sectors and Increased technological advancements across industry verticals to boost the growth of facial recognition market across the globe during the forecast period.

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The major facial recognition vendors include 27 major vendors, namely  NEC Corporation (NEC) (Japan), Aware, Inc. (Aware) (US), Ayonix Corporation (Ayonix) (Japan), Cognitec Systems GmbH (Cognitec Systems) (Germany), NVISO SA (nViso) (Switzerland), Animetrics (US), Neurotechnology (Lithuania), Daon (Ireland), Stereovision Imaging, Inc. (SVI) (US), Techno Brain (Dubai), Innovatrics (Bratislava), id3 Technologies (id3) (Israel), Thales (France), Idemia (France), Nuance Communications, Inc. (Nuance) (US), BioID (Germany), Fulcrum Biometrics, LLC. (Fulcrum Biometrics) (US), TrueFace.AI (US), Amazon (US), FacePhi (Spain), Herta Security (Herta) (Spain), Kairos AR, Inc. (Kairos) (US), SightCorp Inc. (SightCorp) (The Netherlands), and Microsoft Corporation (Microsoft) (US).

By application, law enforcement segment to have highest market share during the forecast period

By application area, the facial recognition market has been mainly categorized into emotion recognition, attendance tracking and monitoring, access control, law enforcement, and others. Over the past decade, many major technology players have acquired companies that are operating in the facial recognition domain to add value to their own services. For instance, technology giants, such as Microsoft, Amazon, and Google, are exploring into the space of facial recognition due to the increasing demand for this technology.

With the COVID-19 outbreak, the demand for biometric recognition technologies, such as facial recognition, has increased for analyzing and identifying subjects wearing facial masks, especially in high security applications. Wearing masks has made face recognition difficult, which leads to the need to modify or upgrade the existing algorithms, involving the iris, pupil, sclera, upper and lower eyelids, eye folds, eye corners, skin texture, fine wrinkles, skin color, and skin pores, has also increased. Law enforcement agencies are investing in the R&D of advanced technologies. For instance, the US Department of Defense’ DARPA planned to invest around USD 2 billion on AI-based technologies, such as facial recognition. This is expected to fuel the growth of law enforcement application market in the coming years.

Among the verticals, government and defense to hold the largest market size during the forecast period

The growing number of government and defense investments in implementing facial recognition technology for various activities, such as border control and criminal identification, are driving the adoption of the facial recognition technology solutions and services. Facial recognition eases the process of identification and verification; hence it is being adopted widely for immigration at airports and attendance tracking and monitoring. The increasing technological advancements across sectors are encouraging enterprises to adopt facial recognition tools and services for easier manual processing and time-saving. Various governments are relying on ubiquitous sensors and powerful analytics algorithms, instead of the physical presence of a human. In the war against COVID-19, several governments have implemented these new surveillance devices in healthcare, public safety, and surveillance applications. There are some major surveillance and authentication use cases of facial recognition to fight against COVID-19. Governments of all the COVID-19 affected nations have allocated special budgets to fight the epidemic

North America to hold the largest market size during the forecast period

The North American region consists of developed countries that are technologically advanced with well-developed infrastructures. Owing to their strong economies, the US and Canada are expected to be major contributors to the growth of the facial recognition market. With technologies advancing every single day and growing economies of North America, companies in the region can afford to invest huge amounts on the adoption of these technologies. North America has a history of the use of facial recognition solutions and services. Flourishing technologies, such as smart infrastructures, smart city initiatives, the use of ePassports, and eVisa, are factors driving the growth of the facial recognition market.

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[sandlerresearch]

Facial Recognition Market by Component (Software Tools (3D Facial Recognition) and Services), Application (Law Enforcement, Access Control, Emotion Recognition), Vertical (BFSI, Government and Defense, Automotive), and Region - Global Forecast to 2025 published on

https://www.sandlerresearch.org/facial-recognition-market-by-component-software-tools-3d-facial-recognition-and-services-application-law-enforcement-access-control-emotion-recognition-vertical-bfsi-government-and-defense.html

Facial Recognition Market by Component (Software Tools (3D Facial Recognition) and Services), Application (Law Enforcement, Access Control, Emotion Recognition), Vertical (BFSI, Government and Defense, Automotive), and Region - Global Forecast to 2025

“Growing importance of the surveillance industry is driving the facial recognition market.”

The global facial recognition market size is expected to grow from an estimated value of USD 3.8 billion in 2020 to USD 8.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.2% from 2020 to 2025. The facial recognition market is driven by various factors, such as the Growing importance of the surveillance industry, increasing investments in facial recognition technologies by government and defense sectors and increased technological advancements across industry verticals to boost the growth of facial recognition market across the globe during the forecast period. However, Facial occlusion and facial detection error, and Lack of knowledge and awareness, leading to technical challenges, are major challenges for the facial recognition market.

Services segment to grow at a higher CAGR during the forecast period

Services are provided by facial recognition software providers that help in implementing the solution without purchasing it. Services are further classified into training and consulting and cloud-based facial recognition. In training and consulting services, feasibility assessment, analysis, and advisory of large-scale governmental and military projects are all included. Features of cloud-based facial recognition services include time tracking, gender recognition, head pose estimation and analytics, and statistical overview related to the buying patterns are included

Access Control segment to account for a higher market share during the forecast period

Biometric access control is the perfect solution for controlling user access to physical locations, such as buildings, offices, data centers, and restricted areas. Face biometrics is used to identify a user from access control lists and verify his/her identity. Facial recognition-based access control promotes user management at runtime and enables users to be enrolled on-the-fly by video capture. Moreover, it does not enable users to be impersonated using photographs. Access control is a solution that is required in all fields and scales as a basic element of security. From research institutes, data centers, and secure areas to factories, apartments, offices, construction sites, hospitals, schools, and banks, it is widely used at places that are trying to physically protect property or information from unauthorized people.

Though the use of fingerprints has been preferred and is the most popular biometrics for access control; the availability of the number of choices for credentials using biometrics has bolstered the growth of facial recognition technology for access control. Moreover, added features of liveliness detection further substantiate the authenticity of using facial recognition-based access control solutions. The facial recognition-based access control solution is being widely adopted by military facilities, government and corporate buildings, R&D areas, and other secured locations, for fast and seamless convenience in validation of identity, while providing an additional layer of security beyond keys, fobs, and access cards. This application has also been a great success to avoid queues for VIPs and in busy airports for lounge access, event arenas, or stadiums.

Asia Pacific to grow at the highest rate during the forecast period

The facial recognition market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. North America accounts for the highest share (33.07%) of the facial recognition market in 2020. The factors supplementing this growth are the Organic and inorganic growth strategies among major application security vendors in North America such as NEC, Aware, Thales, Nuance, Microsoft, Amazon, Gemalto, Ayonix, Idemia, Cognitec, nViso, Daon.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the facial recognition market.

By company type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%

By designation: C-level: 40%, Manager and Other: 60%

By region: North America: 20%, Europe: 35%, APAC: 45%

Major vendors offering facial recognition market across the globe are namely NEC Corporation (NEC) (Japan), Aware, Inc. (Aware) (US), Ayonix Corporation (Ayonix) (Japan), Cognitec Systems GmbH (Cognitec Systems) (Germany), NVISO SA (nViso) (Switzerland), Animetrics (US), Neurotechnology (Lithuania), Daon (Ireland), Stereovision Imaging, Inc. (SVI) (US), Techno Brain (Dubai), Innovatrics (Bratislava), id3 Technologies (id3) (Israel), Thales (France), Idemia (France), Nuance Communications, Inc. (Nuance) (US), BioID (Germany), Fulcrum Biometrics, LLC. (Fulcrum Biometrics) (US), TrueFace.AI (US), Amazon (US), FacePhi (Spain), Herta Security (Herta) (Spain), Kairos AR, Inc. (Kairos) (US), SightCorp Inc. (SightCorp) (The Netherlands), and Microsoft Corporation (Microsoft) (US).

The study includes an in-depth competitive analysis of the key players in the facial recognition market, with their company profiles, recent developments, and key market strategies.

Research coverage

The market study covers the facial recognition market size across segments. It aims at estimating the market size and growth potential of this market across different segments: by type, by component, by deployment, by organization size, by vertical and by region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall facial recognition market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

[top-market-research]

The Global Face Recognition Systems Market report, published by Reports and Data, unravels a wide spectrum of significant factors impacting the performance of the sector. It uses the historical analysis of the market from 2017 to 2018 to provide the reader with an accurate understanding of the current market scenario and offer concise market estimations for the forecast period of 2019 to 2027. The latest market intelligence report extensively studies the ongoing growth trends, emerging market segments, and growth prospects over the projected timeframe. It further sheds light on the ever-changing patterns, dominant facets, and infrastructural properties.

The report lists down some critically important parameters that help the market bolster its global foothold and contribute substantially to future revenue generation. Additionally, the report includes specific details related to the Face Recognition Systems industry, such as product offerings, sales and revenue estimates, leading regions, key market contenders, and technological upgradation.

The latest report is the most recent one offering full coverage of the impact of the ongoing COVID-19 pandemic on the global Face Recognition Systems business vertical. The outbreak has extensively affected the global economic landscape. The report examines the current scenario of the ever-evolving business setting and the aftereffects of COVID-19 on the market. The global health crisis has brought massive changes to the market, revolutionizing the global economic scenario. Besides drastically affecting the Face Recognition Systems Market, the pandemic has led to severe disruptions to supply chains and caused volatility in prices and demands. However, the market is expected to regain momentum in a post-COVID-19 scenario, according to our market analysts. Further, experts assessed the essential facts and figures relevant to this market using several industry-wide prominent analytical tools, such as SWOT analysis and Porter’s Five Forces.

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Competitive Terrain:

A precise summary of the intensely competitive landscape of the global Face Recognition Systems Market has been included in the latest report, with the systematic listing of the company profiles of the leading market players. This section of the report studies the strategic initiatives undertaken by these market rivals for business expansion. In addition, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of both established and new players have been assessed using effective analytical tools like SWOT analysis.

The following are the leading market players:

NEC Corporation, 3M Cogent,  Safran Group, Aurora Computer Services Ltd., nViso, Aware Inc., Ayonix Inc., Precise Biometrics, FaceFirst, Nuance Communications, Keylemon, Cognitec Systems GmbH,  Animetrics, Daon Inc., Ayonix 

 Regional Overview:

The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Face Recognition Systems Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

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 Other significant market segments highlighted in the report are:

Product Type Outlook:

Analytics solutions

3D

2D

Databases

Modeling and restructuring

Application Outlook:

Government & Utilities

BFSI

Military

Home and Security

Others

The report considers the following timeline for market estimations:

·         Historical Years: 2017-2018

·         Base Year: 2019

·         Estimated Year: 2027

·         Forecast Period: 2020-2027

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 Highlights of the TOC: 

1.      Global Face Recognition Systems Market  Report Overview:  Research Scope Key Face Recognition Systems Market  segments Major players Market analysis by product Market analysis by application Report timeline

2.      Global Growth Trends  Global Face Recognition Systems Market  size Latest trends of the Face Recognition Systems Market  by region Key growth trends

3.      Global Face Recognition Systems Market  by Product Global Face Recognition Systems Sales by Product Global Face Recognition Systems by Product Revenue

Key takeaways of the Global Face Recognition Systems Market report:

·         The report enumerates the most vital market drivers, restraints, opportunities, threats, and challenges.

·         The report reviews the regulatory framework for creating new opportunities in various regions of the market and focuses on the new revenue streams for the players in the emerging markets.

·         It elaborates on the new, promising arenas in the leading market regions.

·         The report studies the recent research & development projects, along with the technological innovations in the key regional segments.

·         The report highlights the potentially market-disrupting technological advancements and business models that are poised to take the market to an all-new level of growth.

·         It offers details in the rising revenue share and size of the leading product segments of the market during the forecast period.

Key queries addressed in the report are as follows:

·         Which product segments have witnessed new, profitable application areas over recent years?

·         Which business models are projected to fast-track the expansion of the key regional markets over the forecast timeframe?

·         Which strategic initiatives adopted by the market rivals are expected to fortify their already established presence in the Automotive Lubricants industry?

·         Which technologies prevailing in the market are expected to witness the highest research investments in the near future?

·         What will be the significant sources of funding for start-ups and new entrants in the industry?

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1.     Horizontal Fan Coil Market@

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        Thank you for reading our report. For further inquiries, please get in touch with us. Our team will ensure your report is designed as per your needs.

[ken-research-market-research]

Advanced Trends in Worldwide Government Biometrics Market Outlook: Ken Research Buy Now According to the report analysis, ‘Global Government Biometrics Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that in the worldwide government biometrics market there are several corporates which recently functioning more actively for leading the fastest market growth and registering the effective value of market share around the globe over the upcoming years more positively while developing the productivity and applications of the technologies of biometrics, adopting the strategies and policies of profit making, delivering the better consumer satisfaction, investing the effective value in several research and development programs and spreading the awareness related to the benefits of such includes Daon Inc., Gemalto N.V., Safran Electronics & Defense SAS, NEC Corporation, Aware, Inc., Thales SA, BIO-Key International, Inc.,Secunet Security Networks AG, Precise Biometrics AB, Fujitsu and several others.

[kdmarketresearch]

Keystroke Dynamics Market Supported by Technological Boost During Forecast Year 2018 - 2025

A fresh report titled “ Keystroke Dynamics Market” has been presented by KD market research. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Keystroke Dynamics Market. The competition analysis is also a major part of the report. 

Keystroke dynamics is a type of behavioral biometrics used to verify the identity of an individual based on the manner and the rhythm of typing on a keyboard. The technology authenticates its users on different parameters such as patterns of rhythm, overall speed, common errors, and variations of speed moving between specific keys. This behavioral biometrics technology provides a new generation of user security solutions to different end-user industries. Growth in adoption of multi-modal biometrics solutions supported by increase in number of online transactions and rise in number of frauds associated with it are the some major key factors that drive the growth of the global keystroke dynamics market.

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Continuous increase in IoT landscape and rise in demand for enhanced multi-modal biometric solutions boost the growth of the market. However, lack of awareness and performance & compatibility issues are some major factors that hinder the growth of the market. Furthermore, factors such as developments in smartphone market in the developing economies and increase in the market of cloud-based keystroke dynamics solutions are expected to create remunerative opportunities for the market in the upcoming years.

The global keystroke dynamics market is segmented based on component, deployment model, application, organization size, industry vertical, authentication type, and region. Based on component, the market is bifurcated into software and service. Based on deployment model, it is divided into on-premise and Cloud-based. Based on application, it is fragmented into identity proofing, continuous authentication, risk & compliance management, fraud detection & prevention, and others. Based on organization size, it is divided into large enterprises and SMBs. According to industry vertical, it is classified into BFSI, retail & e-commerce, healthcare, government & defense, Education, and others. Depending on authentication type, it is divided into static authentication and continuous authentication. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global keystroke dynamics market is dominated by key players such as KeyTrak, Inc., TypingDNA, ID Control, BehavioSec Inc., Delfigo Security, Intensity Analytics, Authenware Corporation, DeepNet Security, SERBAN Biometrics, Daon, Inc., and others.

Key Benefits for Keystroke Dynamics Market:

·  The study provides an in-depth analysis of the global keystroke dynamics market along with the current trends & future estimations to elucidate the imminent investment pockets.

·  Information about the key drivers, restraints, and opportunities and their impact analysis on the market size is provided.

·  Porter’s five forces analysis illustrates the potency of the buyers and the suppliers operating in the industry.

·  The quantitative analysis of the global market from 2018 to 2025 is provided to determine the market potential.

Keystroke Dynamics Key Market Segments:

By Component -Software, Service

By Authentication Type – Static Authentication, Continuous Authentication

By Deployment Model – On-premise, Cloud

By Application  – Identity Proofing, Continuous Authentication, Risk and Compliance Management, Fraud Detection & Prevention

By Organization Size  –  Large Enterprises,  SMBs

By Industry-vertical – BFSI, Retail & E-commerce, Healthcare, Government & Defense, Education, Others

By Region  –

North America – U.S., Canada Europe   – UK, Germany, France, Rest of Europe Asia-Pacific – China, India, Japan, Rest of Asia-Pacific LAMEA – Latin America, Middle East, Africa

Key Market Players – Authenware Corporation,  BehavioSec Inc., Daon, Inc., DeepNet Security, Delfigo Security, ID Control, Intensity Analytics, KeyTrak, Inc., SERBAN Biometrics, Typing DNA

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Table of Content

CHAPTER 1: INTRODUCTION

1.1. Report description 1.2. Key benefits for stakeholders 1.3. Research methodology

1.3.1. Secondary research 1.3.2. Primary research 1.3.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope 3.2. Key findings

3.2.1. Top impacting factors 3.2.2. Top investment pockets 3.2.3. Top winning strategies

3.3. Porter's five forces analysis 3.4. Key player positioning, 2017 3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Rise in number of frauds in digital transactions 3.5.1.2. Growing need of advanced security mechanisms in developing IoT landscape 3.5.1.3. Rising adoption of multimodal biometrics

3.5.2. Restraint

3.5.2.1. Performance and interoperability issues

3.5.3. Opportunities

3.5.3.1. Increased market of cloud-based keystroke dynamics 3.5.3.2. Emerging applications of keystroke dynamics in growing smartphones market

CHAPTER 4: KEYSTROKE DYNAMICS MARKET, BY COMPONENT

4.1. Overview 4.2. Software

4.2.1. Key market trends, growth factors, and opportunities 4.2.2. Market size and forecast, by region 4.2.3. Market analysis by country

4.3. Service

4.3.1. Key market trends, growth factors, and opportunities 4.3.2. Market size and forecast, by region 4.3.3. Market analysis, by country

CHAPTER 5: KEYSTROKE DYNAMICS MARKET, BY AUTHENTICATION TYPE

5.1. Overview 5.2. Static authentication

5.2.1. Key market trends, growth factors, and opportunities 5.2.2. Market size and forecast, by region 5.2.3. Market analysis, by country

5.3. Continuous authentication

5.3.1. Key trends, growth factors, and opportunities 5.3.2. Market size and forecast, by region 5.3.3. Market analysis, by country

CHAPTER 6: KEYSTROKE DYNAMICS MARKET, BY DEPLOYMENT MODEL

6.1. Overview 6.2. On-premise

6.2.1. Key market trends, growth factors, and opportunities 6.2.2. Market size and forecast, by region 6.2.3. Market analysis, by country

6.3. Cloud-based

6.3.1. Key market trends, growth factors, and opportunities 6.3.2. Market size and forecast, by region 6.3.3. Market analysis, by country

CHAPTER 7: KEYSTROKE DYNAMICS MARKET, BY APPLICATION

7.1. Overview 7.2. Identity Proofing

7.2.1. Key market trends, growth factors, and opportunities 7.2.2. Market size and forecast, by region 7.2.3. Market analysis, by country

7.3. Continuous Authentication

7.3.1. Key market trends, growth factors, and opportunities 7.3.2. Market size and forecast, by region 7.3.3. Market analysis, by country

7.4. Risk and Compliance Management

7.4.1. Key trends, growth factors, and opportunities 7.4.2. Market size and forecast, by region 7.4.3. Market analysis, by country

7.5. Fraud Detection and Prevention

7.5.1. Key market trends, growth factors, and opportunities 7.5.2. Market size and forecast, by region 7.5.3. Market analysis, by country

CHAPTER 8: KEYSTROKE DYNAMICS MARKET, BY ORGANIZATION SIZE

8.1. Overview 8.2. Large Enterprises

8.2.1. Key market trends, growth factors, and opportunities 8.2.2. Market size and forecast, by region 8.2.3. Market analysis, by country

8.3. SMEs

8.3.1. Key market trends, growth factors, and opportunities 8.3.2. Market size and forecast, by region 8.3.3. Market analysis, by country

CHAPTER 9: KEYSTROKE DYNAMICS MARKET, BY INDUSTRY VERTICAL

9.1. Overview 9.2. BFSI

9.2.1. Key market trends, growth factors, and opportunities 9.2.2. Market size and forecast, by region 9.2.3. Market analysis, by country

9.3. Retail & E-commerce

9.3.1. Key market trends, growth factors, and opportunities 9.3.2. Market size and forecast, by region 9.3.3. Market analysis, by country

9.4. Healthcare

9.4.1. Key trends, growth factors, and opportunities 9.4.2. Market size and forecast, by region 9.4.3. Market analysis, by country

9.5. Government and Defense

9.5.1. Key market trends, growth factors, and opportunities 9.5.2. Market size and forecast, by region 9.5.3. Market analysis, by country

9.6. Education

9.6.1. Key market trends, growth factors, and opportunities 9.6.2. Market size and forecast, by region 9.6.3. Market analysis, by country

9.7. Others

9.7.1. Key market trends, growth factors, and opportunities 9.7.2. Market size and forecast, by region 9.7.3. Market analysis, by country

CHAPTER 10: KEYSTROKE DYNAMICS MARKET, BY REGION

10.1. Overview 10.2. North America

10.2.1. Key market trends, growth factors, and opportunities 10.2.2. Market size and forecast

10.2.2.1. Market size and forecast, by component 10.2.2.2. Market size and forecast, by authentication type 10.2.2.3. Market size and forecast, by deployment mode 10.2.2.4. Market size and forecast, by application 10.2.2.5. Market size and forecast, by organization size 10.2.2.6. Market size and forecast, by Industry Vertical 10.2.2.7. Market size and forecast, by country 10.2.2.8. U.S.

10.2.2.8.1. Market size and forecast, by component 10.2.2.8.2. Market size and forecast, by type 10.2.2.8.3. Market size and forecast, by deployment mode 10.2.2.8.4. Market size and forecast, by application 10.2.2.8.5. Market size and forecast, by organization size 10.2.2.8.6. Market size and forecast, by Industry Vertical

10.2.2.9. Canada

10.2.2.9.1. Market size and forecast, by component 10.2.2.9.2. Market size and forecast, by type 10.2.2.9.3. Market size and forecast, by deployment mode 10.2.2.9.4. Market size and forecast, by application 10.2.2.9.5. Market size and forecast, by organization size 10.2.2.9.6. Market size and forecast, by Industry Vertical

10.3. Europe

10.3.1. Key trends, growth factors, and opportunities 10.3.2. Market size and forecast

10.3.2.1. Market size and forecast, by component 10.3.2.2. Market size and forecast, by authentication type 10.3.2.4. Market size and forecast, by deployment mode 10.3.2.5. Market size and forecast, by application 10.3.2.6. Market size and forecast, by organization size 10.3.2.7. Market size and forecast, by Industry Vertical 10.3.2.8. Market size and forecast, by country

10.3.2.9. UK

10.3.2.9.1. Market size and forecast, by component 10.3.2.9.2. Market size and forecast, by type 10.3.2.9.3. Market size and forecast, by deployment mode 10.3.2.9.4. Market size and forecast, by application 10.3.2.9.5. Market size and forecast, by organization size 10.3.2.9.6. Market size and forecast, by Industry Vertical

10.3.2.10. France

10.3.2.10.1. Market size and forecast, by component 10.3.2.10.2. Market size and forecast, by type 10.3.2.10.3. Market size and forecast, by deployment mode 10.3.2.10.4. Market size and forecast, by application 10.3.2.10.5. Market size and forecast, by organization size 10.3.2.10.6. Market size and forecast, by Industry Vertical

10.3.2.11. Germany

10.3.2.11.1. Market size and forecast, by component 10.3.2.11.2. Market size and forecast, by type 10.3.2.11.3. Market size and forecast, by deployment mode 10.3.2.11.4. Market size and forecast, by application 10.3.2.11.5. Market size and forecast, by organization size 10.3.2.11.6. Market size and forecast, by Industry Vertical

10.3.2.12. Rest of Europe

10.3.2.12.1. Market size and forecast, by component 10.3.2.12.2. Market size and forecast, by type 10.3.2.12.3. Market size and forecast, by deployment mode 10.3.2.12.4. Market size and forecast, by application 10.3.2.12.5. Market size and forecast, by organization size 10.3.2.12.6. Market size and forecast, by Industry Vertical

10.4. Asia-Pacific

10.4.1. Key market trends, growth factors, and opportunities 10.4.2. Market size and forecast

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[wenickjones]

Biometrics Middleware Market Trends, Business Analysis, Growth Opportunities, Segmentation, and Share Forecast TO 2027

The Global Biometrics Middleware Market 2021-2027 Report provides an in-depth analysis on the studied market that helps to seem at the longer term requirement also as prediction. The biometrics middleware market Report evaluates the market by key market players, opportunities, value, trends, growth, market share, market competition landscape, recent developments and sales volume analysis. Additionally, it magnifies the chance for decision-making and helps create an efficient counter-strategy to realize a competitive advantage. The report provides up-to-date review of the present global market scenario, the newest developments and drivers, and therefore the overall market environment is given within the study.

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It provides the impact and recovery of Covid-19 pandemic on the biometrics middleware market. Relevant statistical data is additionally provided within the report back to recognize the challenges caused by the outbreak of Covid-19 and methods to cope up with the present scenario.

In addition to the present, the report also covers the section of competitive landscape of the worldwide market, which incorporates the market share & positioning of all the leading players within the industry. The competitive landscape analysis provides in-depth analysis of the company’s business and performance including company overview, recent investments by top players, financial information of market players, business strategy, revenue breakup by segment and by geography, SWOT Analysis, key product offering, marketing and distribution strategies, new development. a neighborhood of recent news & development has been added to the report which covers the newest information that are related with the market covering the acquisition, expansion, technology development, research & development activities, and other market activities.

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The Following are the Key Features of Global Biometrics Middleware Market Report:

Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis

Growth Drivers and Barriers, Market Trends & Market Opportunities

Porter’s Five Forces Analysis & Trade Analysis

Market Forecast Analysis for 2021-2027

Market Segments by Geographies and Countries

Market Segment Trend and Forecast

Market Analysis and Recommendations

Price Analysis

Key Market Driving Factors

Biometrics Middleware Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.

Global Biometrics Middleware Market Segmentation Analysis:

Biometrics Middleware Market, by Type:

Software

Service

Biometrics Middleware Market, by Industry Type:

BFSI

Healthcare

Manufacturing

Services, Communication and Media

Retail

Transportation and Utilities

Institutions

Residential

Regional Insights:

The report analyses the market by geographies i.e. North America, Europe, Asia Pacific, Latin America & Middle East & Africa. Further, the regions are fragmented into the country and regional groupings:

- North America (U.S. & Canada)

- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)

- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)

- Latin America (Brazil, Mexico, and Rest of Latin America)

- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)

Reasons to purchase the report:

Identify possible investment areas supported a comprehensive analysis of the worldwide biometrics middleware market over subsequent few years.

Gain in-depth knowledge of the underlying factors that drive demand for biometrics middleware market and recognize the opportunities provided by them.

Strengthen the business knowledge in terms of industry dynamics, demand drivers, and therefore the latest technological advances among others.

Identify the main channels that drive the demand for biometrics middleware market, offering a robust image of potential prospects which will be tapped, leading to growth in revenue.

Channelize funds by concentrating on the continued initiatives pursued by the various countries within the global biometrics middleware market.

Competitive Analysis:

The key players of the market are listed during this section of the study. It helps to know the tactics and alliances that players consider fighting market rivalry. An important microscopic check out the market is given within the detailed study. The major players operating in the Global biometrics middleware market are

Biocatch Ltd

Daon Inc.

Aware Inc.

Precise Biometrics Ab

Aerendir Mobile Inc.

Crossmatch Technologies Inc.

Centrify Corporation

Fischer International Identity, LLC.

Identity Automation

Imageware Systems Inc

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Our in-house research experts have a wealth of knowledge in their respective domains. With Facto Market Research, you always have the choice of getting customized report free of cost (upto 10%). Our support team will help you customize the report and scope as per your business needs. This ensures that you are making the right purchase decision.

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[marketsnmarkets39]

Facial Recognition Market Size, Growth, Statistics & Forecast Research Report 2021-2025

MarketsandMarkets forecasts the facial recognition market size to grow from USD 3.8 billion in 2020 to USD 8.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.2% from 2020 to 2025. Growing importance of the surveillance industry, increasing investments in facial recognition technologies by government and defense sectors and Increased technological advancements across industry verticals to boost the growth of facial recognition market across the globe during the forecast period.

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The major facial recognition vendors include 27 major vendors, namely  NEC Corporation (NEC) (Japan), Aware, Inc. (Aware) (US), Ayonix Corporation (Ayonix) (Japan), Cognitec Systems GmbH (Cognitec Systems) (Germany), NVISO SA (nViso) (Switzerland), Animetrics (US), Neurotechnology (Lithuania), Daon (Ireland), Stereovision Imaging, Inc. (SVI) (US), Techno Brain (Dubai), Innovatrics (Bratislava), id3 Technologies (id3) (Israel), Thales (France), Idemia (France), Nuance Communications, Inc. (Nuance) (US), BioID (Germany), Fulcrum Biometrics, LLC. (Fulcrum Biometrics) (US), TrueFace.AI (US), Amazon (US), FacePhi (Spain), Herta Security (Herta) (Spain), Kairos AR, Inc. (Kairos) (US), SightCorp Inc. (SightCorp) (The Netherlands), and Microsoft Corporation (Microsoft) (US).

By application, law enforcement segment to have highest market share during the forecast period

By application area, the facial recognition market has been mainly categorized into emotion recognition, attendance tracking and monitoring, access control, law enforcement, and others. Over the past decade, many major technology players have acquired companies that are operating in the facial recognition domain to add value to their own services. For instance, technology giants, such as Microsoft, Amazon, and Google, are exploring into the space of facial recognition due to the increasing demand for this technology.

With the COVID-19 outbreak, the demand for biometric recognition technologies, such as facial recognition, has increased for analyzing and identifying subjects wearing facial masks, especially in high security applications. Wearing masks has made face recognition difficult, which leads to the need to modify or upgrade the existing algorithms, involving the iris, pupil, sclera, upper and lower eyelids, eye folds, eye corners, skin texture, fine wrinkles, skin color, and skin pores, has also increased. Law enforcement agencies are investing in the R&D of advanced technologies. For instance, the US Department of Defense’ DARPA planned to invest around USD 2 billion on AI-based technologies, such as facial recognition. This is expected to fuel the growth of law enforcement application market in the coming years.

Among the verticals, government and defense to hold the largest market size during the forecast period

The growing number of government and defense investments in implementing facial recognition technology for various activities, such as border control and criminal identification, are driving the adoption of the facial recognition technology solutions and services. Facial recognition eases the process of identification and verification; hence it is being adopted widely for immigration at airports and attendance tracking and monitoring. The increasing technological advancements across sectors are encouraging enterprises to adopt facial recognition tools and services for easier manual processing and time-saving. Various governments are relying on ubiquitous sensors and powerful analytics algorithms, instead of the physical presence of a human. In the war against COVID-19, several governments have implemented these new surveillance devices in healthcare, public safety, and surveillance applications. There are some major surveillance and authentication use cases of facial recognition to fight against COVID-19. Governments of all the COVID-19 affected nations have allocated special budgets to fight the epidemic

North America to hold the largest market size during the forecast period

The North American region consists of developed countries that are technologically advanced with well-developed infrastructures. Owing to their strong economies, the US and Canada are expected to be major contributors to the growth of the facial recognition market. With technologies advancing every single day and growing economies of North America, companies in the region can afford to invest huge amounts on the adoption of these technologies. North America has a history of the use of facial recognition solutions and services. Flourishing technologies, such as smart infrastructures, smart city initiatives, the use of ePassports, and eVisa, are factors driving the growth of the facial recognition market.

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