Europe Facial Recognition Market is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
Facial recognition is a special biometric software application that is capable of uniquely identifying or verifying any person by comparing and investigating patterns established on the basis of person’s facial contours. The facial recognition is commonly used for security purposes, where there is cumulative interest across other areas of use. In fact, the facial recognition technology has received significant attention worldwide, which has a potential for numerous application that is related to various law enforcement or other enterprises. Different kind of facial recognition techniques are in use, comprising of the generalized matching face detection method and at times the adaptive regional blend matching method. The Europe market for facial recognition is segmented into a component, technology, use case, end-use, and geography.
Based on a component, the market is divided into software tools, and services. The technology segment for the market includes middleware, facial recognition software, and sdk, databases, analytics solution, modeling and restructuring. By use case, the facial recognition market is divided into access control, emotion recognition, law enforcement, attendance tracking and monitoring. Enterprises, Government, and Others have formed the various end-use areas for facial recognition market. The increasing government deployment and applications across numerous industry verticals may act as some of the major drivers for the growth of the facial recognition market. However, misinterpretation of emotions may hinder the market as per the researchers. The big data intelligence solution is normally centered on facial recognition. It’s mostly designed to trawl through extremely large amounts of data having group segments that are based on the depicted people. Countries such as the UK, and Germany, are using the police and intelligence agencies, to go through evidence from different sources stretching from confiscated smartphones to CCTV cameras for finding the designated persons.
Facial recognition technology in Europe has emerged as a smart solution to address existing needs related to identification along with the verification of identity claims. This technology helps in bringing together the potential of biometric systems that attempt to tie identity with individually distinguishing features of the body, along with the more familiar functionality of normal visual surveillance systems. German Interior Ministry wants to install these facial recognition video surveillance all over the country’s airports as well as train stations for identifying the people that may pose risks to the country’s security. UK, Germany, and France are a few key countries that are contributing to the technological development and application of facial recognition market in Europe. Applications across numerous verticals with support from the government have further helped the market for facial recognition to grow in Europe.
Key Highlights:
• Europe Facial Recognition market size analysis and forecast
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Europe Facial Recognition market
• Europe Facial Recognition Market segmentation on the basis of the component, technology, use case, end-use, and geography
• Europe Facial Recognition Market strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of a study
• Europe Facial Recognition Market analysis and forecast for major countries has been provided.
• Profiling of key industry players, their strategic perspective, and analysis of core competencies
• Competitive landscape of the key players operating in the Europe Facial Recognition Market including competitive developments, investments, and strategic expansion
Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2026
For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered.
Research Methodology:
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at a country level to get fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the market value for Europe Facial Recognition Market.
Some of the key players of the Europe Facial Recognition market include:
• Idemia
• Gemalto
• Cognitec
• TouchByte
• Facewatch
• Morpho
• BioID
• Id3 Technologies
• NtechLab
• Herta Security
Key Target Audience:
• Facial Recognitions technology platform developers
• Raw material and material testing equipment suppliers
• Facial Recognitions original equipment manufacturers (OEMs)
• End-users/enterprise-users
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals
For more information visit @https://www.maximizemarketresearch.com/market-report/europe-facial-recognition-market/5935/
The Scope of the Europe Facial Recognition Market:
The research report segments Europe Facial Recognition market based on component, technology, use case, end-use, and geography.
Europe Facial Recognition Market, By Component:
• Software Tools
• Services
Europe Facial Recognition Market, By Technology:
• Middleware
• Facial Recognition Software and Sdk
• Databases
• Analytics Solution
• Modeling and Restructuring
Europe Facial Recognition Market, By Use Case:
• Access Control
• Emotion Recognition
• Law Enforcement
• Attendance Tracking and Monitoring
Europe Facial Recognition Market, By End-Use:
• Enterprises
• Government
• Other
Europe Facial Recognition Market, By Geography:
• Europe
• UK
• Germany
• Italy
• France
• Russia
• Spain
• Others
Geographic Analysis:
• Breakdown of UK Facial Recognition market
• Breakdown of Germany Facial Recognition market
• Breakdown of Italy Facial Recognition market
• Breakdown of France Facial Recognition market
• Breakdown of Russia Facial Recognition market
• Breakdown of Spain Facial Recognition market
• Breakdown of Others Facial Recognition market
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