Facial Recognition Market by Size, Growth, Opportunity and Forecast to 2026

Considering the end-use spectrum, homeland security segment is anticipated to record notable returns in the coming year, supported by the extensive use of facial recognition technology at airports to prevent terrorism. Meanwhile, photo indexing & sorting segment is expected to grow exponentially in the forthcoming years as it offers convenient & fast photo sorting feature, which is augmenting its demand for various applications.

Geographically, Latin America facial recognition market is slated to gain significant returns over the forecast timeframe, due to rising adoption of the technology by governments in the region for reducing crime rate.

Parallelly, Middle East & Africa facial recognition market is projected to grow in view of the escalating demand for physical security and surveillance solutions in UAE, Qatar, Saudi Arabia and South Africa, cites the report.

Major players in global facial recognition market are Animetrics Inc., Accenture plc, AnyVision, Ayonix Corp., Aware Inc., Certibio, Daon Inc., Cognitec Systems GmbH, FaceFirst Inc., Face++, Fujitsu Ltd., Fulcrum Biometrics Inc., and Herta Security among others.

Questions & Answers: Global Facial Recognition Market

Q1: Which factors are liable to the growth of global facial recognition market?

A: Rising smartphone penetration, ongoing technological advancements, and growing demand for enhanced security & surveillance are the key factors driving the growth of global facial recognition market

Q2: How is Latin America contributing the growth of global facial recognition market?

A: Rising adoption of facial recognition technology by governments in the region for reducing crime rate is boosting the overall market revenue.

Q3: Which companies formulate the competitive terrain of global facial recognition market?

A: Major players in global facial recognition market are Animetrics Inc., Accenture plc, AnyVision, Ayonix Corp., Aware Inc., Certibio, Daon Inc., Cognitec Systems GmbH, Face++, FaceFirst Inc., Fulcrum Biometrics Inc., Fujitsu Ltd., and Herta Security among others.

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