Global Facial Recognition Market: Increasing Focus on Infrastructural Growth in North America to Stimulate Growth, says Fortune Business InsightsTM

What does the Report Include?

The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. The report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026. 

Driving Factors:

Increasing Demand for Advanced Video Surveillance Systems to Foster Growth

Advanced video surveillance systems consist of thermal security cameras, CCTV, 360 security cameras, and outdoor PTZ cameras, among others. These systems are designed efficiently to provide enhanced safety and security by using this technology when adopted by several companies. In addition to this, they are widely used by the investigation bureaus to prevent fraud and criminal activities. Besides this, they are adopted in several industrial processes such as traffic management, monitoring, and maintaining security. Increasing adoption of the advanced video surveillance system at the airports, commercial offices, and warehouses is expected to bolster the global facial recognition market growth during the forecast period.

COVID-19 to Propel the Demand for Contactless Biometrics Technology

The widespread effect of the novel coronavirus, COVID-19 has resulted in complete standstill of the global economy across the globe. The ongoing lockdown across several regions has forced people to remain at the confines of their home space. The government agencies are advising the people to maintain social distancing and avoid direct contact with the people to curb the limit of the deadly pandemic. Taking this into consideration, the companies are supporting contactless biometric technology, while maintaining ample security and privacy. This development is effected to boost the demand for these systems amid the ensuing chaos across the globe in the forthcoming years.

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