Industry Background:
Facial recognition is becoming one leading technology in the identification industry. Leading technology giants including IBM, Microsoft, Amazon, and many others highly investing in research and development to enhance security.This growth is primarily driven by Development in the Surveillance Industry, Increase Investment from The Government and Défense Sector and The Rise in Number of Identity Related Frauds and Data Breaches.
Globally, a noticeable market trend is evident Stringent Regulations for Security
. Major Players, such as nVviso SA (Switzerland), Daon (United States), Stereovision Imaging (United States), Techno Brain (Kenya), NEC (Japan), Aware (United States), Gemalto (Netherlands), Ayonix (Japan), Idemia (France) and Cognitec (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Development in the Surveillance Industry
- Increase Investment from The Government and Défense Sector
- The Rise in Number of Identity Related Frauds and Data Breaches
Market Trend
- Stringent Regulations for Security
- Growing Requirement for Cloud-Based Identity Verification Solutions
Restraints
- Interoperability Concerns
Opportunities
High Acceptance Cloud-Based Facial Recognition Technology and Emergence in Application Related to the Facial Recognition Technology
Challenges
Lack of Awareness and Technical Challenges and Increase in Concern Related to Privacy and Data Breaches
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Facial Recognition Technology Study Sheds Light on
The Facial Recognition Technology Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Facial Recognition Technology industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Facial Recognition Technology industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.