Facial Recognition Market Growth Analysis - Forecast Period 2021-2025
The facial recognition market is projected to grow by USD 3.78 billion with a CAGR of 12%, during the forecast period 2020 to 2025. One of the key factors driving growth in the facial recognition market is the increasing instances of identity threats. To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
This report provides an accurate prediction of the contribution of all the segments to the growth of the facial recognition market size and actionable market insights on the post-COVID-19 impact on each segment.
Key Data Covered in this Facial Recognition Market Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive facial recognition market growth during the next five years
- Precise estimation of the facial recognition market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the facial recognition industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of facial recognition market vendors
For detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth as well as other invaluable market insights, request FREE sample report here! The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
