EUROPE FACIAL RECOGNITION MARKET FORECAST 2019-2028

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EUROPE FACIAL RECOGNITION MARKET FORECAST 2019-2028

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 Metropolitan Police declared the use of live facial recognition cameras, operational on the streets of London.

EUROPE FACIAL RECOGNITION MARKET FORECAST 2019-2028

Europe Facial Recognition Market by Technology (3d Facial Recognition, 2d Facial Recognition, Facial Analytics) by End-user (Security and Law Enforcement, Healthcare, Retail, Other End-users) and by Geography.

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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.
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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 Metropolitan Police declared the use of live facial recognition cameras, operational on the streets of London. Subsequently, the police began the practical application of facial recognition using van-mounted cameras pointed towards the Stanford Centre retail complex doors, in February 2020. The action was undertaken despite being warned by the police force’s own watchdogs, regarding its use. As a result, faces were scanned and verified against a watch list of nearly 5,000 biometric profiles, in the pursuit of individuals wanted for serious crimes like grievous bodily harm.

In March 2020, the Metropolitan Police Service (MPS) and The Home Office partnered with researchers from the United Kingdom’s universities to develop a live facial recognition (LFR) system. This technology would help identify people whose faces are carefully concealed by masks, sunglasses, and scarves, among other face coverings. Additionally, identity thefts related to the payment and banking sectors are highly prevalent in the United Kingdom. Consequently, this is expected to hike the adoption of superior authentication appliances and services, like facial recognition, in the region.

Cognitec Systems GmbH, headquartered in Dresden, Germany, provides facial recognition solutions and appliances, especially for government agencies and industry consumers. The company’s product portfolio includes, ICAO compliant photo capturing, facial database search, border control, facial image quality assessment, and video screening,

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • GROWING NEED FOR SURVEILLANCE SYSTEMS TO ENHANCE SAFETY AND SECURITY
      • INCREASING ADOPTION OF FACIAL RECOGNITION IN CONSUMER ELECTRONICS SECTOR
      • TECHNOLOGY ADVANCEMENTS IN RECOGNITION SYSTEMS
    •    KEY RESTRAINTS
      • PRIVACY ISSUES
      • HIGH ERROR RATES
      • LACK OF ESTABLISHED INTERNATIONAL STANDARDS
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY TECHNOLOGY
    • 3D FACIAL RECOGNITION
    • 2D FACIAL RECOGNITION
    • FACIAL ANALYTICS
  3. MARKET BY END-USER
    • SECURITY AND LAW ENFORCEMENT
    • HEALTHCARE
    • RETAIL
    • OTHER END-USERS
  4. GEOGRAPHICAL ANALYSIS
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
  1. COMPANY PROFILES
    • 3M
    • COGNITEC SYSTEMS GMBH
    • NEC CORPORATION
    • FACEFIRST INC
    • NUANCE COMMUNICATIONS INC
    • CROSSMATCH
    • ANIMETRICS INC
    • DAON INC
    • PANASONIC CORPORATION
    • GEMALTO NV (THALES GROUP)
    • AWARE INC
    • FACEPHI BIOMETRIC SA
    • AYONIX CORPORATION
    • IDEMIA FRANCE SAS
    • FUJITSU

TABLE LIST

TABLE 1: MARKET SNAPSHOT – FACIAL RECOGNITION

TABLE 2: EUROPE FACIAL RECOGNITION MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: EUROPE FACIAL RECOGNITION MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: EUROPE FACIAL RECOGNITION MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: EUROPE FACIAL RECOGNITION MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: EUROPE FACIAL RECOGNITION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: EUROPE FACIAL RECOGNITION MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

FIGURE LIST 

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: EUROPE FACIAL RECOGNITION MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

FIGURE 6: EUROPE FACIAL RECOGNITION MARKET, BY 3D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)

FIGURE 7: EUROPE FACIAL RECOGNITION MARKET, BY 2D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)

FIGURE 8: EUROPE FACIAL RECOGNITION MARKET, BY FACIAL ANALYTICS, 2019-2028 (IN $ MILLION)

FIGURE 9: EUROPE FACIAL RECOGNITION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019

FIGURE 10: EUROPE FACIAL RECOGNITION MARKET, BY SECURITY AND LAW ENFORCEMENT, 2019-2028 (IN $ MILLION)

FIGURE 11: EUROPE FACIAL RECOGNITION MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)

FIGURE 12: EUROPE FACIAL RECOGNITION MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)

FIGURE 13: EUROPE FACIAL RECOGNITION MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)

FIGURE 14: EUROPE FACIAL RECOGNITION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 15: UNITED KINGDOM FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 16: GERMANY FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 17: FRANCE FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 18: ITALY FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 19: RUSSIA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 20: BELGIUM FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 21: POLAND FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

FIGURE 22: REST OF EUROPE FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
  1. MARKET BY TECHNOLOGY
    • 3D FACIAL RECOGNITION
    • 2D FACIAL RECOGNITION
    • FACIAL ANALYTICS
  2. MARKET BY END-USER
    • SECURITY AND LAW ENFORCEMENT
    • HEALTHCARE
    • RETAIL
    • OTHER END-USERS

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