New latest research study on “Facial Recognition Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact
New latest research study on “Facial Recognition Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Application, Vertical, and Geography,” This study provides information about the sales and revenue during the historic and forecasted period of 2021 to 2028. The facial recognition market is projected to reach US$ 12,670.22 million by 2028 from US$ 5,012.71 million in 2021; it is expected to grow at a CAGR of 14.2% from 2021 to 2028. Biometrics gained huge traction among intelligence agencies after the world witnessed several severe terrorist attacks in the past, e.g., the attack on World Trade Center on September 11, 2011, in the US. The data were collected worldwide through biometric, especially by military personnel in possibly high-threat nations. Governments of various countries, such as the US and China, are investing in the adoption of facial recognition technologies.
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China is one of the significant adopters and exporters of facial recognition tools. According to Comparitech, China has the most extensive public surveillance system as the number of CCTV cameras increased to 626 million in 2020. The country government reinforces these systems with the integration of facial recognition technologies. Furthermore, in the military sector, facial recognition systems are employed to identify individuals on the battlefield. The US military has spent more than US$ 4.5 million in the development of facial recognition technology that reads the heat patterns emitted by faces to identify specific people. Thus, the above mentioned factors drive the facial recognition market growth.
This Study Report Offers Following Objectives:
- Conjecture and examination of the worldwide Facial Recognition market deals, share, worth, status and figure
- Break down the local just as nation level portions, share development for Global Facial Recognition
- Investigation of Global Facial Recognition industry-driving makers/players.
- Characterize and investigate the market rivalry scene, SWOT examination.
- Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.
- Examination of the Facial Recognition market Segmentation/end clients and district insightful.
- Estimate and investigation of the Global Facial Recognition Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.
- Investigate the critical driving elements, patterns which confine market development.
- Portray the partner’s chances in the market by recognizing the high development fragments.