In a recent published report, Kenneth Research has updated the North America Facial Recognition Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for North America Facial Recognition Market products.
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According to the statistics by the Bureau of Economic Analysis (BEA) of the U.S. Dept. of Commerce, the gross output registered from the data processing, internet publishing and other information services industry grew from USD 162.5 Billions in 2010 to USD 530.4 Billion in 2020.
North America facial recognition market is anticipated to grow by 16.0% annually in the forecast period and reach $6,480.7 million by 2030 owing to the rising need for secure authentication technology amid COVID-19 pandemic.
Highlighted with 26 tables and 51 figures, this 114-page report “North America Facial Recognition Market 2020-2030 by Technology (3D, 2D, Analytics), Component (Service, Software, Hardware), Application, End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America facial recognition market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America facial recognition market in every aspect of the classification from perspectives of Technology, Component, Application, End User, and Country.
Based on Technology, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• 3D Facial Recognition
• 2D Facial Recognition
• Facial Analytics
Based on Component, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
Services
• Cloud-Based Facial Recognition Services
• Training and Consulting Services
Software Tools
• 3D Facial Recognition
• Thermal Face Recognition
• 2D Facial Recognition
Hardware
• Cameras
• Scanners
• Handheld Devices
• Integrated Devices
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Based on Application, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Law Enforcement
• Tracking and Monitoring
• Emotion Recognition
• Access Control
• Other Applications
Based on End User, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Healthcare
• BFSI
• Military and Defense
• Government
• Hospitality
• Retail and Ecommerce
• Transportation
• Other End Users
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each aforementioned country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of key national markets by Technology, Component, and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in North America facial recognition market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
3M Company
Amazon Web Services
Animetrics
Aware
Ayonix
Cognitec Systems
Cross Match
FaceFirst, Inc.
Gemalto
Google
Herta Security
IBM
IDEMIA
Kairos
Keylemon
MorphoTrust
NEC Corporation
Nviso
Techno Brain
XiD Technologies
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys
