Global Research Report on Facial Recognition Market 2017 - Industry Share, Software Analysis and Forecast from 2014 to 2025

Portland, OR -- (SBWire) -- 07/31/2017 --Facial recognition 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. This technology has received significant attention as it has potential for wide range of applications related to law enforcement and other enterprises. Global facial recognition market is expected to grow at a CAGR of around 21% from 2017 to 2025.

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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. Based on use case, it is divided into emotion recognition, law enforcement, surveillance & monitoring, and others. By application, it is divided into government, enterprise, and consumer. Geographical breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Facial Recognition Market Drivers:
- 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

- Rising concerns of security have enforced companies to adopt tools such as CCTV recordings which are examined by facial recognition technique, alarm systems, and source-tagging

Facial Recognition Market Restraints:
- Interoperability concerns

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Market Players:
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).

Key point from table of content For Facial Recognition Industry

1. Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis

2. Introduction
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology

3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restraints and challenges
3.2.1. Impact analysis
3.3. Porter's analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global facial recognition market shares analysis, 2014-2025

8. Company profiles
8.1. 3M Company
8.1.1. Overview
8.1.2. Financials and business segments
8.1.3. Recent developments
8.2. NEC Corporation

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MARKET LANDSCAPE For Facial Recognition Industry

By Component
- Software tools
-2D Facial Recognition
-3D Facial Recognition
-Thermal Facial Recognition
- By Services
-Training & Consulting Service
-Cloud-based Facial Recognition Services

By Technology
- Facial Recognition Software & SDK (Software Development Kit)
- Middleware
- Databases
- Modeling & Restructuring
- Analytics Solutions

By Use Case
- Emotion Recognition
- Law Enforcement, Surveillance, and Monitoring
- Others (Robotics and E-learning)

By Geography
- North America
-U.S.
-Canada
-Mexico
- Europe
-UK
-Germany
-France
-Spain
-Italy
-Rest of Europe
- Asia-Pacific
-China
-Japan
-India
-Australia
-South Korea
-Rest of Asia-Pacific
- LAMEA
-Brazil
-Saudi Arabia
-South Africa
-Rest of LAMEA