Facial Recognition Market Share & Size | Industry Report

The global facial recognition market is witnessing significant growth, driven by diverse applications and increasing adoption across various sectors. The market size for industrial refrigeration systems was USD 3925.1 million in 2021, with an expected CAGR of 15.2% during the forecast period.

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Expanding Applications Across Industries

Facial recognition technology is rapidly being adopted by a wide range of end-users due to its numerous application possibilities. For instance, NEC Corporation announced in January 2020 its collaboration with Mitsui Fudosan Co., Ltd., a Japanese real estate firm, to provide facial recognition technology for smart hospitality services. This technology will enhance secure and safe hotel stays, facilitating check-ins, cashless purchases, entertainment access, and room entry.

The technology’s adoption is broadening across various applications, notably in security. Border control officials, especially in airports, are using it to verify travelers’ identities, while law enforcement agencies utilize facial recognition software to scan faces from CCTV footage to identify individuals. Additionally, smartphones have integrated facial recognition for unlocking devices, verifying payments, and signing into mobile apps. Prominent devices like Apple’s iPhone X series and Samsung’s Galaxy Note 8 and 9 use advanced facial ID systems for secure user authentication.

Law Enforcement and Security Applications

The increasing use of facial recognition in law enforcement significantly contributes to market growth. In January 2020, Moscow City announced using live facial recognition cameras from NtechLab to assist police in identifying offenders. Similarly, MorphoTrust, a division of IDEMIA, has developed facial recognition systems for state and federal law enforcement agencies, state DMVs, and airports in the United States.

Impact of COVID-19

The COVID-19 pandemic has notably influenced the facial recognition market, proving advantageous as the technology helps manage the pandemic’s effects. The adoption of facial recognition technology has expanded to include thermal camera inspections in healthcare systems worldwide. This technology is increasingly being used for identity verification and monitoring people’s movements, contributing to public security and healthcare services. The demand for touchless solutions has risen as fingerprint scanners can spread bacteria, further driving the market’s growth.

Market Drivers

Government funding and increasing investments are primary drivers of market growth. The US and China are significant adopters, with China being one of the largest users and exporters of facial recognition technology. The Chinese government’s adoption of surveillance technologies has led to the nation having one of the most extensive public surveillance infrastructures. Comparitech estimates that China had between 200 million and 626 million CCTV cameras by 2020. Governments and security agencies worldwide are implementing facial recognition technology to aid in criminal investigations, facilitating quick identification and resolution of cases.

Work from Home Model

The COVID-19 pandemic has also impacted internet usage, with many IT infrastructure providers migrating to support the work-from-home model. This shift has increased internet traffic, compelling IT providers to adopt SDN. Network operators in the US reported that streaming video and online gaming contributed significantly to internet usage during the pandemic.

Market Restraints

Despite its widespread use, facial recognition technology faces challenges, particularly regarding false matches. For example, Boston’s Logan Airport tested facial recognition systems at security checkpoints and found disappointing results, with a high rate of false alarms. This issue poses legal risks, as innocent individuals may be wrongfully detained and could file lawsuits against authorities, hindering the technology’s broader adoption.

Segment Overview

The 3D segment led the facial recognition market in 2021, accounting for over 36% of global revenue. The introduction of advanced technologies like cloud-based services and facial analytics is expected to drive market growth. 3D facial recognition systems offer high detection efficiency and accuracy, making them suitable for public safety applications such as border security and surveillance. For instance, Chenega Europe Ltd provides 3D facial recognition for identity acquisition and verification, enhancing airport monitoring capabilities in a Middle Eastern country.

The access control segment also dominated the market in 2021, accounting for over 37% of global sales. Companies are increasingly focusing on improving access control systems, with advancements such as liveness detection features enhancing security and encouraging adoption.

Regional Landscape

North America dominated the market in 2021, with a 37% share of global revenue. The region’s growth is driven by the widespread adoption of facial recognition technology in security and surveillance systems. In the US, MorphoTrust, a division of IDEMIA, has developed facial recognition software for various federal and state agencies.

The Asia Pacific region is anticipated to have the highest CAGR during the forecast period. Developing countries like India are increasingly using facial recognition technology for various applications. For example, in April 2018, an Indian police department in New Delhi used facial recognition to locate and identify missing children.

Competitive Landscape

In April 2022, PopID, a Pasadena-based firm, partnered with Visa to launch its facial payment system, PopPay, in the Middle East. Additionally, RealNetworks Inc.’s SAFR and Convergint Technologies collaborated in March 2021 to provide a facial recognition platform for live video intelligence.

Key Players

Prominent players in the facial recognition market include 3M, Cognitec Systems GmbH, Animetrics Inc., Crossmatch, Daon Inc., FaceFirst, Inc., IBM Corporation, Microsoft Corporation, NEC Corporation, and Nuance Communications Inc.

Regional Classification

  • North America: U.S., Canada
  • Europe: Germany, France, Spain, U.K., Italy, Russia, Rest of Europe
  • Asia Pacific: China, Japan, India, Southeast Asia, Rest of Asia Pacific
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Middle East and Africa: GCC, South Africa, Rest of Middle East and Africa
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