Global Face Recognition Terminal Market size is expected to reach nearly US $ 11.62 Bn by 2026 with the CAGR of 18.3% during the forecast period.Global Face Recognition Terminal Market Introduction and Market scenario:
Facial recognition is a technology used for the verification and identification of individuals by comparing the facial features from an image with the stored facial database. In the present day, a human face is used for social interactions as well as widely used to unlock many devices by act as a password. This specific technology is recognized as face recognition. As technology advances, demand facial recognition systems in several industries such as enterprises, hospitals, law enforcement, retail, hospitality to marketing. For example, billboards have been designed with integrated software that is used to detect gender, age, and ethnicity to deliver targeted advertising. Government initiatives are expected to contribute to the growth of the face recognition terminal market. For example, the U.S. government is planning to restructure airport security through facial recognition, to register and identify the visitors. Moreover, various North American Free Trade Agreements (NAFTA) member banks instructed the use of facial and voice recognition technologies for online identity verification. Companies are collaborating with federal governments to implement the technology for their surveillance and identity management. The Chinese e-commerce sector, Alibaba, invested US$ 600 Mn in SenseTime, which delivers facial recognition software to businesses and governments across China. Similarly, the Indian government's Aadhaar project is one of the largest biometric databases worldwide, and it is presently held by above 95% of the country's population, which is above 1.3 Bn. The UIDAI contains a citizen's fingerprint, facial recognition, and iris. Now, citizens in the country are actively using the technology for authentication, mainly for several government benefits, processes, and facilities. The increasing application in physical security and intelligent signage & technology advancements, like cloud-based services and 3D-facial recognition systems increased the usage of facial recognition. Also, technically advanced facial recognition systems with applications in mobile security and drones are expected to generate significant opportunities in the current future. Currently, the increasing sensitivity toward shared personal data, low accuracy, and high implementation cost are the main factors that are expected to obstruct the growth of the market. But, few companies, such as FaceFirst, Inc., have started using effective algorithms, such as PCA, FFT, to increase accuracy and decrease the cost of facial recognition technology.Impact of COVID-19 on the Global Face Recognition Terminal Market:
The demand for facial recognition systems has been increased in both the government and private sectors, due to the increase in concern for hygiene. Most of the companies are switching toward facial recognition systems as a sanitary substitute to control the spread of coronavirus. On the other hand, the integration of artificial intelligence (AI) is offering an effective solution by combining both facial recognition technology with temperature detection. As well, with AI and infrared thermography, facial recognition systems are performing mask detections too.Global Face Recognition Terminal Market Segment:
The global face recognition terminal market is segmented into technology, application, and end-user. By technology, the global market is further segmented into 3D Facial Recognition, 2D Facial Recognition, and Facial Analytics. Among these, 3D facial recognition is expected to grow at the highest CAGR of XX% during the forecast period. By application, the global market is further classified into Access Control, Time & Attendance System, Registration & Identification, Lockers Control, Kiosk & POS System, and Others. Among these, the access control is expected to hold the largest market share of XX% of the global market, with a CAGR of XX% during the estimated period. For example, Dahua Technology, releases the FACT series Face Recognition Access Control Terminal for people who need to enter premises regularly. It can be installed in commercial buildings, hospitals, schools, etc.To know about the Research Methodology :- Request Free Sample Report
Global Face Recognition Terminal Market Regional Insights:
North America is dominating the global market and is expected to hold a constant position during the forecast period. Thanks to the rising adoption of innovative security solutions by leading IT & data center companies and government organizations to comply with security standards. The Asia Pacific is expected to witness a significant growth opportunity in the future. This is mainly because of increasing smart city initiatives in Asian countries such as India, China, and Japan. China is one of the major consumers and exporters of facial recognition technology, as the law & enforcement, along with numerous government bodies in the country, adopted surveillance technologies. Additionally, in March 2020, India permitted the deployment of its Automated Facial Recognition System (AFRS) across the country by 2021, allowing facial biometrics to be extracted from video and CCTV which will be matched with the image of individuals' photos whose identity information is stored in a database by the National Crime Records Bureau under the purview of the Minister of State for Home Affairs. The objective of the report is to present a comprehensive analysis of the Global Face Recognition Terminal Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Face Recognition Terminal Market dynamics, structure by analyzing the market segments and project the Global Face Recognition Terminal Market size. Clear representation of competitive analysis of key players By Technology, price, financial position, product portfolio, growth strategies, and regional presence in the Global Face Recognition Terminal Market make the report investor’s guide.Global Face Recognition Terminal Market Scope: Inquire before buying
Global Face Recognition Terminal Market, By Region
• North America • Europe • Asia Pacific • Middle East & Africa • South AmericaGlobal Face Recognition Terminal Market Major Players
• Suprema Inc. • Cognitec Systems GmbH • Herta Security • Anhui Crearo Technology Co., Ltd. • Hanwha Techwin Europe Limited • IDEMIA • Hangzhou Hikvision Digital Technology Co., Ltd. (HIKVISION) • Aware, Inc. • Ayonix Corporation • FacePhi • Fujitsu • Gemalto NV • NEC Corporation • Onfido • TECH5 SA • FACEFIRST • Mantra Softech (India) Pvt. Ltd. • Others
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Face Recognition Terminal Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Face Recognition Terminal Market 3.4. Geographical Snapshot of the Face Recognition Terminal Market, By Manufacturer share 4. Global Face Recognition Terminal Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Face Recognition Terminal Market 5. Supply Side and Demand Side Indicators 6. Global Face Recognition Terminal Market Analysis and Forecast, 2019-2026 6.1. Global Face Recognition Terminal Market Size & Y-o-Y Growth Analysis. 7. Global Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 7.1.1. 3D Facial Recognition 7.1.2. 2D Facial Recognition 7.1.3. Facial Analytics 7.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 7.2.1. Residential 7.2.2. Commercial 7.2.2.1. IT & Telecom 7.2.2.2. Automotive 7.2.2.3. Manufacturing 7.2.2.4. Healthcare 7.2.2.5. Education 7.2.2.6. BFSI 7.2.2.7. Aerospace and Defense 7.2.2.8. Others (Consumer Electronics, Energy, etc) 7.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 7.3.1. Access Control 7.3.2. Time & Attendance System 7.3.3. Registration & Identification 7.3.4. Lockers Control 7.3.5. Kiosk & POS System 7.3.6. Others 8. Global Face Recognition Terminal Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 9.1.1. 3D Facial Recognition 9.1.2. 2D Facial Recognition 9.1.3. Facial Analytics 9.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 9.2.1. Residential 9.2.2. Commercial 9.2.2.1. IT & Telecom 9.2.2.2. Automotive 9.2.2.3. Manufacturing 9.2.2.4. Healthcare 9.2.2.5. Education 9.2.2.6. BFSI 9.2.2.7. Aerospace and Defense 9.2.2.8. Others (Consumer Electronics, Energy, etc) 9.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 9.3.1. Access Control 9.3.2. Time & Attendance System 9.3.3. Registration & Identification 9.3.4. Lockers Control 9.3.5. Kiosk & POS System 9.3.6. Others 10. North America Face Recognition Terminal Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 11.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 12. Canada Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 12.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 13. Mexico Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 13.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 14. Europe Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 14.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 15. Europe Face Recognition Terminal Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 16.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 17. France Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 17.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 18. Germany Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 18.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 19. Italy Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 19.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 20. Spain Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 20.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 21. Sweden Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 21.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 22. CIS Countries Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 22.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 23. Rest of Europe Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 23.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 24. Asia Pacific Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 24.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 25. Asia Pacific Face Recognition Terminal Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 26.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 27. India Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 27.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 28. Japan Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 28.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 29. South Korea Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 29.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 30. Australia Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 30.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 31. ASEAN Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 31.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 32. Rest of Asia Pacific Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 32.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 33. Middle East Africa Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 33.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 34. Middle East Africa Face Recognition Terminal Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 35.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 36. GCC Countries Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 36.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 37. Egypt Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 37.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 38. Nigeria Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 38.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 39. Rest of ME&A Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 39.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 40. South America Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 40.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 41. South America Face Recognition Terminal Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 42.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 43. Argentina Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 43.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 44. Rest of South America Face Recognition Terminal Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2026 44.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Face Recognition Terminal Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Suprema Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Cognitec Systems GmbH 45.3.3. Herta Security 45.3.4. Anhui Crearo Technology Co., Ltd. 45.3.5. Hanwha Techwin Europe Limited 45.3.6. IDEMIA 45.3.7. Hangzhou Hikvision Digital Technology Co., Ltd. (HIKVISION) 45.3.8. Aware, Inc. 45.3.9. Ayonix Corporation 45.3.10. FacePhi 45.3.11. Fujitsu 45.3.12. Gemalto NV 45.3.13. NEC Corporation 45.3.14. Onfido 45.3.15. TECH5 SA 45.3.16. FACEFIRST 45.3.17. Mantra Softech (India) Pvt. Ltd. 45.3.18. Others 46. Primary Key Insights