Market Scenario:
The security applications of facial recognition are motivating the facial recognition market in 2020. The AI and analytics reports are made by Market Research Future, which includes market possibilities for advancement. A 19.68% CAGR is predicted to aid in the market revenue upgrade to USD 8.93 billion in the approaching period.
The uptick in international crime rates is estimated to create a favourable ground for the facial recognition market share in the impending period. The advent of cloud-based facial recognition services is predicted to create a promising backdrop for the expansion of the facial recognition market on a global scale. The application of facial recognition at airports and shopping malls is estimated to create further options for growth in the facial recognition market.
COVID-19 Analysis:
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Facial Recognition Market ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Facial Recognition Market to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Facial Recognition Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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Competitive Outlook:
The companies in the market are estimated to solely focus on getting their growth paths back on track to maximize the opportunities that may arise. The reinforcement of the distribution channels is estimated to further place the market in the right place for the future. The market is estimated to be energized by the incentives offered by the governments and the initiatives taken to spur the global market. The trade blockades are, however, estimated to slow down the momentum that could be attained by the market. The emphasis on marketing strategies is estimated to decline due to the focus being placed on cost optimization. The contender's progress in the market is estimated to be bolstered by the innovations that are being undertaken to enhance the core product offering in the upcoming period.
The significant companies in the facial recognition market are NEC Corporation (Japan), Cognitec Systems (Germany), Daon Inc. (U.S.), FaceFirst Inc. (U.S.), Ayonix Corporation (Japan), Gemalto (Netherlands), Key Lemon Ltd. (Switzerland), Safran SA (France), Aware Inc. (U.S), Face++ (China) and others.
Segmentation:
The segmental scrutiny of the facial recognition market has been segmented on the basis of hardware and software, technology, regions and verticals. The vertical based segmentation of the facial recognition market is segmented into government, airports, large organization, home security, and others. Based on technology, the facial recognition market is segmented into 3D recognition, thermal recognition and 2D recognition. Based on hardware and software, the market for facial recognition is segmented into face recognition analytics and software. Based on regions, the facial recognition market has been segmented into the Asia Pacific, the Middle East, North America, Europe, and Africa.
Regional Analysis:
The regional investigation of the facial recognition market is segmented regions such as the Asia Pacific, the Middle East, North America, Europe, and Africa. The facial recognition market in North America is heading the global market due to the speedy implementation of facial recognition technology in a number of non-government and government sectors and the growing use of electronic devices that are fortified with this technology by the customers in this region. The facial recognition market is estimated to exhibit momentous development in the European region owing to the sharp progress in technology and the existence of a huge pool of companies in the facial recognition market of this region. However, the Asia Pacific region is foretelling fast growth in the facial recognition market owing to the collective investment in the development of 3D technology and expanding adoption of facial recognition systems for security reasons in this region. In the Middle East and Africa region, the facial recognition market is showing stable growth due to the less infiltration of cutting-edge technology in the unfledged and isolated areas of this region.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
List of Tables
TABLE 1 GLOBAL FACIAL RECOGNITION MARKET, BY TECHNOLOGY (USD BILLION) 18
TABLE 2 GLOBAL FACIAL RECOGNITION MARKET, BY SERVICE, 2020-2027 (USD BILLION) 21
TABLE 3 GLOBAL FACIAL RECOGNITION MARKET, BY COMPONENTS, 2020-2027 (USD BILLION) 24
Continued…
List of Figures
FIGURE 1 GLOBAL FACIAL RECOGNITION MARKET: DRIVERS & RESTRAINT 11
FIGURE 2 GLOBAL FACIAL RECOGNITION MARKET: SUPPLY CHAIN PROCESS 15
FIGURE 3 GLOBAL FACIAL RECOGNITION MARKET: PORTER’S FIVE FORCES ANALYSIS 16
Continued…
About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.
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Mexico Medical Cannabis Market: OverviewCannabis is a medicinal herb obtained from the Cannabaceae family's cannabis plant.
It has been used in ancient cultures for several years in medicine.
Cannabis is currently used for a variety of treatments including various chronic and neurological ailments.
Cannabis has been approved in various nations for medical consumption with differing levels of legal restrictions due to its therapeutic advantages.Read report Overview –https://www.transparencymarketresearch.com/mexico-medical-cannabis-market.htmlIn the medical health industry, medical marijuana remains in its introduction stage.
It is a powerful product which is gaining worldwide mass recognition, where the use of these crops in China already produces Chinese medications and that also has a lengthy history.
In the health industry medical marijuana continues a major impact in the treatment of instances not entirely suitable for traditional medicines.
Market Scenario:The global cloud migration services market 2020 is poised to reach the USD ~ 8 billion by 202, according to the report found by Market Research Future.
The report also states that the market is set to grow at a rate of ~22% during the forecast period (2016-2023).Novel coronavirus has Cloud migration services market to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business.
Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/5785Competitive Outlook:The leading market players in the global cloud migration services market are listed as HCL Technologies (India), Tech Mahindra (India), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Dell (U.S.), Amazon Web Services Inc. (U.S.), Wipro Ltd. (India), Accenture PLC (Republic of Ireland), Vmware, Inc. (U.S.), NTT DATA, Inc. (Japan), and among others.Segmentation:Services, deployment, organization size, applications, and industries are the main segments upon which the study of the market has been conducted.The services segment has included managed services and professional service.
Among these, the professional services are also sub-segmented into support & maintenance, automation & integration, training & consulting, disaster recovery, and others.Based on the deployment segment, it has included private, public, and hybrid.
In the last, the industry segment has included IT & telecommunication, manufacturing, government, and others.Regional Analysis:The global cloud migration services market is spanned across regions of Asia Pacific, Europe, North America, and the Rest of the World.Among these regions, North America is the leading region as it has a massive demand for cloud services owing to the rising adoption of artificial intelligence.
Whereas the region of Asia Pacific is also considered as one of the fastest emerging markets for cloud migration services, mainly in countries of Japan, China, and India.
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