Pune, India -- (SBWIRE) -- 01/21/2019 -- The facial recognition market is expected to accumulate $ 9.6 billion for 2022, registering a CAGR of +21% during the 2019-2022 forecast period. Facial recognition is a biometric technology used for the authentication and identification of people when comparing the facial features of an image with the stored facial database
The facial recognition market is globally segmented into its component, technology and use case. On the basis of the component, the global market is segregated into service and software. The services segment is subdivided into facial recognition and cloud-based training and consulting services. The software segment is subdivided into thermal facial recognition, 2D facial recognition and 3D facial recognition

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Global Facial Recognition Market: Competitive Players: 214 Technologies Inc, A1 Communications Korea, Advanced Biometrics, AmpleTrails, Animetrics, ARH INC., Ayonix corp., Cognitec Systems GmbH, DERMALOG Identification Systems GmbH, Gemalto NV, IDEMIA, NEC Corporation, Princeton Identity, SeeTec GmbH, StoneLock Global Ltd, SUPREMA, and Techshino Technology, among others.

It is expected that the facial recognition market will benefit from the measures taken by the companies towards the security and privacy of the organization and the follow-up of the assistance. Multimodal biometric systems have seen an increasing adoption for two- or three-step authentication. This has led to the growth of facial recognition technology as a secondary authentication method.

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At the regional level, the facial recognition market is diversified in North America, Asia-Pacific, Europe and the rest of the world. The region that dominates the facial recognition market is North America. The developed regions in North America have a deep-rooted infrastructure that favors the growth of the market. The main countries that are contributing to market share are the United States and Canada. The factor that attributes this growth is the established economy that allows investments in new technologies. The Asia Pacific region also has a large margin for the growth of the facial recognition market. The huge investments made by the government for the surveillance and security infrastructure, a greater awareness among the people and the growing developments carried out are some of the factors that drive the facial recognition market of Asia and the Pacific.

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Full in-depth analysis of the parent market
Important changes in market dynamics
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Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
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Key developments in the market
July 2019: announced the creation of Blink Identity, based in Texas, which raised USD 1.5 million in a seed round led by Sinai Ventures with the participation of Live Nation, Techstars and other funds related to live entertainment. Blink Identity has created a fast, accurate and primary user identity service for live entertainment venues, solving the bottleneck problem and creating a preferential experience for consumers and landlords.

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