Face Recognition Device: 3 Growth Factors Market Participants Should Consider

Face Recognition Device Market Latest Edition Published with Forecast to 2028


According to the report, Technological Advancements in Face Recognition Devices is one of the primary growth factors for the market. Increasing Demand for Surveillance Devices to Enhance Safety and Security is also expected to contribute significantly to the Face Recognition Device market. Overall, Electronic Transactions and Access Control applications of Face Recognition Device, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Vertical, such as Security and Protection, is boosting the Face Recognition Device market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Face Recognition Device market identified that the demand is rising in many different parts of the world as "The increasing number of data breach cases driving the demand for facial recognition devices. For instance, according to Identity Theft Resource Center 1,579 breach cases recorded in the United States in 2017. Hence, in order to improve data security and privacy organizations are adopting an identity analytics solution expected to drive the market.". Furthermore, some recent industry insights like "7th August 2019, SenseTime launched a new facial recognition device called SensePass Pro. The product is designed for different situations based on the identification function, such as access for entrances, detecting the VIPs for stores, recording attendance of employees, and identifying visitors." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Face Recognition Device market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Face Recognition Device market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager