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 advancements in computing potentials and data management technologies.
LATIN AMERICA FACIAL RECOGNITION MARKET FORECAST 2019-2028
Latin America 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.
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.
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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 advancements in computing potentials and data management technologies. Moreover, these solutions are instrumental in introducing renewed innovations, ranging from self-driving cars to cashier-less grocery stores, while challenging the present status quo. Over recent years, Brazil has been dynamically expanding its AI developments. For instance, the country’s government announced the establishment of eight research facilities in 2019, which concentrates on artificial intelligence and its applications.
The use of facial recognition technology in Brazil is rapidly developing and is in place with the largest possible laboratory termed, the Carnival. Live facial recognition has also been introduced by police forces for the first time, across six capitals in Brazil. In addition to automatically cataloging the faces of millions of people partying on the country’s streets, the system also aims at finding wanted criminals. Moreover, the technology in Sao Paulo, the country’s largest urban center, is supported by numerous cameras directing facial images to the police force’s database.
Aware Inc, headquartered in the United States, engages in providing services and software to biometric services. The company’s products are used within commercial and government biometric systems, capable of inspecting and verifying an individual’s identity. It also offers standards-compliant biometric functionality, used to capture, verify, analyze, and process biometric images within the systems.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- 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
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY TECHNOLOGY
- 3D FACIAL RECOGNITION
- 2D FACIAL RECOGNITION
- FACIAL ANALYTICS
- MARKET BY END-USER
- SECURITY AND LAW ENFORCEMENT
- HEALTHCARE
- RETAIL
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- LATIN AMERICA
- BRAZIL
- ARGENTINA
- MEXICO
- REST OF LATIN AMERICA
- LATIN AMERICA
- 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: LATIN AMERICA FACIAL RECOGNITION MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 3: LATIN AMERICA FACIAL RECOGNITION MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA FACIAL RECOGNITION MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 5: LATIN AMERICA FACIAL RECOGNITION MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICAFACIAL RECOGNITION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 7: LATIN AMERICA FACIAL RECOGNITION MARKET, BY REGION, 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: LATIN AMERICA FACIAL RECOGNITION MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019
FIGURE 6: LATIN AMERICA FACIAL RECOGNITION MARKET, BY 3D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA FACIAL RECOGNITION MARKET, BY 2D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA FACIAL RECOGNITION MARKET, BY FACIAL ANALYTICS, 2019-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA FACIAL RECOGNITION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019
FIGURE 10: LATIN AMERICA FACIAL RECOGNITION MARKET, BY SECURITY AND LAW ENFORCEMENT, 2019-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA FACIAL RECOGNITION MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA FACIAL RECOGNITION MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA FACIAL RECOGNITION MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA FACIAL RECOGNITION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 15: BRAZIL FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 16: ARGENTINA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 17: MEXICO FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 18: REST OF LATIN AMERICA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- LATIN AMERICA
- BRAZIL
- ARGENTINA
- MEXICO
- REST OF LATIN AMERICA
- LATIN AMERICA
- MARKET BY TECHNOLOGY
- 3D FACIAL RECOGNITION
- 2D FACIAL RECOGNITION
- FACIAL ANALYTICS
- MARKET BY END-USER
- SECURITY AND LAW ENFORCEMENT
- HEALTHCARE
- RETAIL
- OTHER END-USERS
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We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.