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| Press Release

Global facial recognition market is expected to grow with a CAGR of 17.61% over the forecast period from 2019-2025

New York, Oct. 30, 2019 (GLOBE NEWSWIRE) -- announces the release of the report "Facial Recognition Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2025" -
61% over the forecast period from 2019-2025. The study on facial recognition market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2017 to 2025.

The report on facial recognition market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global facial recognition market over the period of 2017 to 2025. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global facial recognition market over the period of 2017 to 2025. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings
1) Drivers
• Growing demand for the surveillance due to awareness of security and safety
• Increasing demand for intelligent signage and advance physical security
2) Restraints
• High cost for implementation of facial recognition software and hardware along with concerns related to cyber-attacks may
3) Opportunities
• Increasing demand for mobile security and drone

Research Methodology

A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global facial recognition market is segmented on the basis of component, technology, and application.

The Global Facial Recognition Market by Component
• Hardware
• Software

The Global Facial Recognition Market by Technology
• 2D Facial Recognition
• 3D Facial Recognition

The Global Facial Recognition Market by Application
• Attendance Tracking and Monitoring
• Law Enforcement
• Access Control

Company Profiles
• NEC Corporation
• The 3M Company
• Cognitec Systems GmbH
• Aware, Inc.
• Daon, Inc.
• Gemalto N.V. (Thales Group)
• Animetrics, Inc.
• Nuance Communications, Inc.
• FaceFirst, Inc.
• Other Companies

What does this report deliver?
1. Comprehensive analysis of the global as well as regional markets of the facial recognition market.
2. Complete coverage of all the segments in the facial recognition market to analyze the trends, developments in the global market and forecast of market size up to 2025.
3. Comprehensive analysis of the companies operating in the global facial recognition market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Read the full report:

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