Facial Recognition Market Size, Share, Manufacturers, Countries and Forecast to 2020

Facial Recognition Market Size, Share, Manufacturers, Countries
and Forecast to 2020
“The facial recognition market was valued at USD 3.35 Billion in
2016. Facial recognition is a biometric method which gives highlevel
security for private as well as public sector. It compares the
facial features with the database so as to provide authorization.”
The Facial Recognition Market was valued at USD 3.35 Billion in 2016. Facial recognition is a biometric method
which gives high-level security for private as well as public sector. It compares the facial features with the
database so as to provide authorization. Facial recognition consists of software, readers as well as the associated
database to provide security along with accuracy. The method of facial recognition is highly efficient to avoid
security issues in comparison with the traditional method such as token, passwords, and others.
Increasing needs of security in government sector for employee attendance and recognition is anticipated to be
a key driver for the market of facial recognition throughout the forecast period. Besides technological
developments such as 3D recognition systems and cloud-based services are anticipated to fuel the overall
demand for the market.
Factors like plastic surgeries, makeup, aging and other medical procedures may affect the effectiveness of the
system. The absence of accuracy, as well as costly implementation, may restrain the growth of the market in
the coming six years. Increasing demand for data security has encouraged its implementation across the
organization which is combined with increased employment of personal devices being a part of BYOD policy in
the IT sector.
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Technology Insights
It includes facial analytics, 2D, and 3D. Facial analytics is largely used in education and research, retail and police
services to ascertain ever changing features like gender, age, and other facial attributes. 2D technology is
broadly used due to the low cost of installation along with ease of operation as it makes use of two-dimensional
appearance recognition. 2D technology is not accurate in several conditions like changing expressions, angles,
and environmental conditions. The 3D technology uses the high definition as well as a complex algorithm. Its
market is anticipated to grow significantly throughout the forecast period.
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Regional Insights
Due to the increasing threats both internal and external, Facial recognition market is widely used across the
globe to direct security needs. North America is estimated to be the major regional market over the forecast
period due to the wide use of facial recognition technology in the departments of U.S. such as defense, justice,
homeland security and much more. Also, government initiatives like the e-KTP project in Indonesia and UIDAI
project in India for generating individuals’ id are anticipated to offer opportunities for this market in Asia Pacific
region. European markets of the Spain, Italy, Germany, France, and UK are anticipated to thrive the market over
the forecast period.
Competitive Insights
The facial recognition market is dominated by Nuance Communications, FaceFirst, Precise Biometrics, Aurora
Computer Services, NEC Corporation, Ayonix, Animetrics, Aware Inc and 3M Cogent. Ayonix Inc. deals with realtime
face recognition which uses IP cameras to locate suspects in public and VIP customers in sectors like retail,
hospitality, banking, and others.
Market segmentation
Facial Recognition Technology Outlook (Revenue, USD Million, 2012 - 2020)
• 2D
• 3D
• Facial Analytics
• Facial Recognition End-Use Outlook (Revenue, USD Million, 2012 - 2020)

• Government
• Military
• Homeland Security
• Banking & Finance
• Retail
• Others
• Facial Recognition Regional Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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