According to Inkwood Research, the global facial recognition market is projected to garner a revenue share of $11.94 billion by 2028, growing at a CAGR of 14.41% across the forecast years. The base year considered for the market study is 2018, and the forecast years are 2019 to 2028. Facial recognition systems entail a facial scanner that captures an individual's distinguishing facial features, such as the distance between their eyes, the width of their nose,... Read more
The Asia Pacific facial recognition market is evaluated to record a CAGR of 17.58%, during the forecast period of 2019 to 2028. The region’s market growth is attributed to the economic developments established on facial recognition and the implementation of advanced security in several countries. China, India, Japan, Australia & New Zealand, Vietnam, Indonesia, Thailand, South Korea, and the rest of the Asia Pacific are analyzed for the Asia Pacific facial recognition market growth. ASIA... Read more
The Europe facial recognition market is expected to grow with a CAGR of 14.19%, during the forecast years of 2019 to 2028. The increasing focus on identification and security, by government initiatives and financial institutions, are projected to drive the region’s market growth. The Europe facial recognition market growth is determined through the analysis of the United Kingdom, Belgium, France, Poland, Russia, Italy, Germany, and the rest of Europe. In January 2020, the United Kingdom’s... Read more
The Latin America facial recognition market is predicted to grow with a CAGR of 16.35%, during the forecast years of 2019 to 2028. Advances in Artificial Intelligence (AI) solutions, and the introduction of live facial recognition is attributed to the region’s market growth. The Latin America facial recognition market growth is assessed across Argentina, Brazil, Mexico, and the rest of Latin America. Artificial Intelligence (AI) is becoming increasingly vital throughout modern society, primarily through the... Read more
The Middle East & Africa facial recognition market is estimated to project a CAGR of 17.04%, throughout the forecast years of 2019 to 2028. Investments in developing technologies and lucrative prospects of artificial intelligence (AI) are anticipated to propel the region’s market growth. The United Arab Emirates, Saudi Arabia, Syria, South Africa, Turkey, Egypt, Iraq, and the rest of the Middle East & Africa are assessed for determining the Middle East & Africa facial recognition... Read more