Global Market Size of Facial Recognition Market – 10 Year Market Forecast
ICTFacial Recognition Market Size Forecast 2022-2029
Facial Recognition is estimated to have a market value of USD 6.95 Billion in the year 2022 and is expected to rise to USD 21.76 Billion by the year 2029, giving a CAGR of 18%. The Growing importance of the surveillance industry and increasing investments in facial recognition are expected to drive the market towards growth. However, facial occlusion and face detention error could hamper the growth of this market.
Facial Recognition Market Size of United States
Facial Recognition Market Analysis of United Kingdom
Facial Recognition Market Trends of Germany
Facial Recognition Market Forecast of France
Facial Recognition Market Growth of Italy
Market Size of Facial Recognition in Poland
Market Analysis of Facial Recognition in Switzerland
Market Trends of Facial Recognition in Sweden
Market Forecast of Facial Recognition in Spain
Market Growth of Facial Recognition Netherland
Belgium Facial Recognition Market
Finland Facial Recognition Market
Japan Facial Recognition Market
South Korea Facial Recognition Market
China Facial Recognition Market
Facial Recognition Market Size of Russia
Facial Recognition Market Analysis of Malaysia
Facial Recognition Market Trends of Singapore
Facial Recognition Market Forecast of India
Facial Recognition Market Growth of Brazil
Market segments - Facial Recognition Market
By Component
– 2D Facial Recognition
– 3D Facial Recognition
– Facial Analytics
– Training and Consulting
– Cloud-Based Facial Recognition
By Region
– North America
– Europe
– APAC
– Middle East
– ROW
By Vertical
– BFSI
– Government and Defence
– Retail and Ecommerce
– Healthcare
– Education
– Automotive
– Others
Frequently Asked Questions(FAQ)
-
What is the CAGR for this market?
- The CAGR for this market is 18%.
-
What is the cumulative market size of this market?
- The cumulative market size of this market is 125.
-
What is the estimated market size of this market for the year 2022?
- The estimated market size of this market for the year 2022 is USD 8.91 Billion.
-
What is the estimated market size of this market for the year 2029?
- The estimated market size of this market for the year 2029 is USD 21.76 Billion.
-
What is Global Market Database?
- Global Market Database is a cloud based market research and intelligence tool that provides up to date market information about 600+ markets.
Release date
Jan 1970
Region
Global
Countries Covered
The countries covered are US, UK, Germany, France, Italy, Poland, Switzerland, Sweden, Spain, Netherlands, Belgium, Finland. Japan, South Korea, China, Russia, Malaysia, Singapore, India, Brazil.
Supplementary notes
The regions covered are North America, Europe, APAC & ROW.
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