Market Size (2015)
$2.56M
Vertical: SEMIBase Year: 2015
Market Size (2015)
$2.56M
Projected (2022)
$8.93M
CAGR (2015–2022)
19.5%
Key Players
15+
This report covers Facial Recognition Market with forecasts from 2015 to 2022. 15 key companies are profiled.
The Facial Recognition Market market is projected to grow at a CAGR of 19.5% from 2015 to 2022.
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View Subscription PlansFacial Recognition Market
Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
The report covers demand and revenue of various technologies used in facial recognition market which includes thermal, 2D, 3D, facial analytics and others. These technologies are considered based on their global & regional demand, growth rate, future regulations, and current preferences.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2015
Historical Period
2015 – 2015
Forecast Period
2016 – 2022
Primary Interviews
150+
Historical data (2015–2015) and forecast period (2015–2022)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThere are various methods used to perform facial recognition such as 3D facial recognition, 2D facial recognition, thermal imaging and skin texture analysis. With growing technology advancement, 3D facial recognition is been adopted on large number over 2D and other facial recognition techniques. There is huge demand for 3D facial recognition technique in government and banking sector in order to increase security at homeland and in military & defence sector. 3D facial has the ability to identify suspect from a mile of distance unlike 2D facial and other techniques thereby has large benefits for suspect identification during criminal investigation. Further, Aware Inc., IBM Corporation, Apple, and Intel security group among others are implementing facial biometrics in wearable, PC’s & laptops, thereby developing good opportunity for facial biometrics in commercial, and retail sectors.Facial recognition competitive environment includes major key players namely IBM Corporation, Safran S.A., NEC Corporation, Gemalto NV, 3M Cogent, Cognitec systems, Aware, Inc., and Daon, Inc., among other small & medium size companies.
Porter’s Five Forces Analysis has been undertaken to determine the competitive intensity and attractiveness of the facial recognition market. Each of the five forces is analyzed against some of the key criteria influencing the impact of that force. Each of the criteria is assigned a risk rating depending upon its impact on the force (high, medium and low).
Market estimates by geography (2022)
InsightNorth America leads with $5.37M by 2022, while Asia Pacific is projected to grow fastest at a 22.5% CAGR.
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View Subscription Plans| REGION | 2015 | 2015 | 2022 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $0.40M | $0.89M | $1.66M | 22.5% | 19% |
| Europe | $0.48M | $0.86M | $1.38M | 16.3% | 15% |
| North America | $1.40M | $3.00M | $5.37M | 21.2% | 60% |
| Middle East and Africa | $0.29M | $0.40M | $0.51M | 8.4% | 6% |
| Total | $2.57M | $5.15M | $8.92M | 19.5% | 100% |
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View Subscription PlansTotal Market Size
$8.93M
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| 3D Facial Recognition | $3.66M | 23.4% | 41% |
| 2D Facial Recognition | $2.21M | 19.4% | 25% |
| Thermal imaging | $1.53M | 17.3% | 17% |
| Skin Texture Analysis | $1.07M | 15.9% | 12% |
| Others | $0.48M | 12.5% | 5% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Facial Recognition Market covering market dynamics, competitive landscape, and strategic outlook.
The Facial Recognition Market market is projected to reach $8.93M by 2022, growing at 19.5% CAGR. The 3D Facial Recognition segment holds the largest share.
The Facial recognition system can pick out targeted individual in a crowd. This ability has developed a hope of serving various applications such as law enforcement, national security, and counterterrorism. Facial recognition technology has ability to detect any suspicious activity or a suspicious person from a mile of distance without involving anyone personally. After connected to surveillance system it monitors outdoor and indoor places and alert the authorities if detect any presence of known or suspected terrorist and criminals whose image is already enrolled in a system’s database.
Due to ability of recognizing suspeciuos activity from a mile of distance and due to significant increase in criminal activities such as terrorist attackes, frauds, robbery, murders and others, companies and government are taking interest in implementing facial recognition technology in their respective premises. Therefore, it is emerging as a highly beneficial security system to be implemented in ATMs, airports, super markets, or at any other publicly occupied places.
Although facial recognition software has major benefots over fingerprint, or voice recognition technology, but still it is not able to deliver 100% accuracy in the result due to its technical limitation. The image quality, image size, face angle, storage issue, are some of the major technical challenge faced by investigators who are using facial recognition solutions.
Current facial recognition still identifies wrong suspect sometimes which later led to controversy. For instance, in 2015, Google was criticized for identifying a black guy as gorillas due to wrong result produced by its facial recognition software. Other conditions where face recognition is not able to give proper results are poor lighting, or partial covered face of the subject by usinf props such as sunglasses, hats, scarves, long hair, or make up or mask.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 114 companies operating in the Facial Recognition Market market, including revenue, employee count, and market positioning where available.
Showing 114 of 114 companies
Gemalto NV
Company Headquarters: The Netherlands Founded:2006 Workforce: ~15,000 Company Working: Gemalto N.V. (Gemalto) is a provider of digital security products and services, including microprocessor cards and secure personal devices. The company develops and installs software in diverse products, including subscriber identity module (SIM), payment cards, and electronic identification (eID) documents, and others. It also offers platforms and services to monitor and manage these devices, check identities, and manage transactions. Gemalto was acquired by Thales Group in April 2019. Moreover, Gemalto operates through two reportable business segments, namely identity, IoT & cybersecurity, and smartcards & issuance. The company offers e-SIMs through both these segments that combine businesses associated with mobile cellular technologies, mobile network operators, and industrial organizations. For mobile network operators, the company's solutions include SIM/universal integrated circuit card (UICC) cards and back-office platforms and services, including roaming optimization, mobile payment, mobile marketing, personal data management, and trusted service management (TSM). For industrial organizations, Gemalto offers solutions designed to address the needs of a range of market verticals such as utilities, health, and automotive. These industrial solutions enable machine-to-machine (M2M) data exchange through hardware modules and operating software that connect machines to digital networks. It also offers cloud-based M2M application enablement and late-stage personalization (LSP) platforms. The company operates in Europe, North and South America, the Middle East and Africa, and Asia-Pacific.
Dell Inc.
Company Headquarters: US Founded: 1984 Workforce: ~145,000 Company Working: Dell Inc. (Dell) is one of the leading providers of IT products and services. It offers a comprehensive range of IT products, solutions, and services to consumers and enterprises. The company operates through three reportable segments, which are client solutions group (CSG), infrastructure solutions group (ISG), and VMware. The company offers PC as a Service products and services through its CSG segment. The CSG segment comprises hardware peripherals such as personal computers (PCs), notebooks, and branded peripherals, such as monitors and projectors, as well as third-party software and peripherals. It also offers thin client products along with their attached software, peripherals, and services, including support and deployment, configuration, and extended warranty services. The VMware segment comprises computing, cloud, mobility, networking, and security infrastructure software. This segment is further divided into three groups, which are software-defined data center (SDDC), hybrid cloud computing, and end user computing (EUC). The PC as a Service segment falls under EUC, whose product portfolio comprises AirWatch mobile solutions, horizon application, and desktop virtualization solutions and other common services. Additionally, its horizon applications comprise horizon desktop and application virtualization solutions that help organizations manage desktops and applications more effectively. Moreover, Dell’s cloud-based and local virtual desktop solutions include VMware Horizon Air, VMware Horizon FLEX, and App Volumes, which are application delivery and lifecycle management solutions. It has its operations in the Americas, Europe, the Middle East, and Asia-Pacific.
IBM Corporation
Company Headquarters: US Founded: 1911 Workforce: ~2,82,100 Company Working: IBM Corporation is a global provider of integrated business solutions and services. Its Cloud & Cognitive Software division provides software for vertical and domain-specific solutions in a variety of application areas, as well as customer information control system and storage, analytics, and integration software solutions to support client mission on-premises workloads in the banking, airline, and retail industries. It also provides middleware and data platform software, such as Red Hat, which allows clients to run hybrid multi-cloud environments; cloud paks, WebSphere distributed, and analytics platform software, such as DB2 distributed, information integration, and enterprise content management; and IoT, blockchain, and AI/Watson platforms. Business consulting services, packaged software system integration, application management, maintenance, and support services, and finance, procurement, talent and engagement, and industry-specific business process outsourcing services are all available through the company's global business services segment. IT infrastructure and platform services are provided by the company's global technology services business, as well as project, managed, outsourcing, and cloud-delivered services for enterprise IT infrastructure environments and IT infrastructure support services. The cognitive solutions segment offers a cognitive computing platform called Watson, which interacts in natural language, processes big data, and learns from interactions with people and computers. This segment also provides data and analytics solutions, data management platforms, cloud data services, enterprise social software, and transaction processing software that run mission-critical systems in the banking, airline, and retail industries. IBM provides speech recognition products using computer hardware and software-based techniques to identify and process the human voice and convert the spoken words into computer text. Furthermore, the company is also investing heavily in designing and developing automatic speech recognition technology-based products, which are capable of authenticating users via their voice and performing an action based on the instructions defined by the human.
Aware Inc.
Founded in 1986, Aware Inc. is a leading global provider of biometrics software products, services, and solutions. The company’s software products are used in government and commercial biometrics systems. Headquartered in the U.S., the company operates through three segments namely, software licenses, software maintenance, services, hardware and royalties. Through its software licenses segment, the company offers biometrics software licenses and imaging software licenses. It provides measurement of physiological characteristics namely fingerprints, iris, voice and face through its biometric segment whereas the imaging segment consists of products which are used for medical and advanced imaging. The company has divided the biometrics segment based on end-user as government and commercial. Other segments based on components are software segments and hardware segment software maintenance consists of revenues from software maintenance contracts whereas the hardware segment consists of revenues from the sale of biometric equipment. The royalties segment are the royalty payments received under DSL silicon contract. The software license segment generated the highest revenue as compared to other segments, in 2015. The company has few competitors as Gem alto, Intel and others. It contributed USD 9.8 million in 2015, which is approximately 51% of company’s total revenue. The company’s geographical presence is across the globe and its major geographic segments are United States and Brazil. However, United States accounts for almost 60% of the company’s total revenue, which signifies its strong domestic presence.
Cognitec Systems GmbH
Founded in 2002, Cognitec Systems GmbH is one of the leading face recognition solution providers. The company operates in three business segments, namely, biometric products, biometric application, biometric technology & services. The company provides innovative, technologically evolved and easy to use facial recognition software products. The company serves government agencies and commercial sector with its biometric products across the globe. Headquartered in Germany, the company also operates in United States, and Australia and has business partners in more than 30 countries.
Nuance Communication Inc.
Founded in 1992, Nuance Communications is a leading provider of voice and language solutions for business and consumer across the globe. Headquatered in U.S., company has more than 35 regional offices, with a significant international presence in Australia, Belgium, Brazil, Canada, Germany, Hungary, Israel, Japan and the UK. The company has many subsidiaries, a few of them are Equitrac, Dictaphone, Loquendo, SpeechWork and others. The solutions provided by the company are used every day by people and businesses for tasks and services, such as requesting account information from a phone-based self-service solution, dictating records, searching the mobile Web by voice, entering a destination into a navigation system, or working with PDF documents and others. Headquatered in the U.S., the company operates in three segments, based on industry-based solutions, as- healthcare segment, mobile segment, enterprise segment and document imaging segment, while considering the company’s offerings, the company’s revenue sources are segmented as products & licensing, professional services, hosting services and maintenance & support. The products & licensing segment Helds the largest share of USD 696.2 million of the company’s total revenue of 2015.
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