Facial Recognition Solution Quadrant Report
Facial Recognition Systems are computer programs capable of analyzing images of an individual’s face and identifying/verifying them from a digital image or a video frame from a video source. Facial recognition systems, in combination with biometrics, detect human faces, including the location of the eyes, eyebrows, nose, mouth, chin, and ears.
Major factors driving the growth of the facial recognition market include the growing surveillance industry, growing surveillance demand from the government and defense sector, and increased technological advancements across industry verticals. The global facial recognition market is expected to grow to USD 7 Billion by 2024. The facial recognition market is going to be lucrative for technology vendors and expected to witness substantial growth in the next 5 years due to the increased investments by government and defense. Moreover, the growing surveillance industry, particularly in North America and Europe, would push companies to deploy or develop facial recognition solutions in the coming years. Furthermore, a high adoption rate is expected to be registered in APAC during the forecast period.
GROWING SURVEILLANCE DEMAND TO DRIVE THE GROWTH OF THE FACIAL RECOGNITION MARKET
Best Facial Recognition Companies analyzed in the global Facial Recognition solution quadrant report include NEC Corporation (NEC), Aware, Inc. (Aware), Ayonix Corporation (Ayonix), Cognitec Systems GmbH (Cognitec Systems), and NVISO SA (nViso). Facial Recognition software providers are evaluated based on business strategy excellence and strength of product portfolio within the facial recognition ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on a 2x2 matrix, called as ‘Company Evaluation Quadrant,’ and identified as Visionary Leaders ( Best Facial Recognition Companies ), Dynamic Differentiators, Innovators, or Emerging companies.
List of Top Facial Recognition companies evaluated and profiles in the Facial Recognition solution quadrant report:
- ANIMETRICS
- AWARE
- AYONIX
- COGNITEC SYSTEMS
- DAON
- FACEFIRST
- FACEPHI
- GEMALTO
- HERTA SECURITY
- ID3 TECHNOLOGIES
- INNOVATRICS
- MEGVII (FACE++)
- NEC
- NEUROTECHNOLOGY
- NVISO
- SIGHTCORP
- SMILEPASS
- STEREOVISION IMAGING
- TECHNO BRAIN
Table of Contents
1 Introduction
1.1 Market Definition
1.1.1 Inclusions and Exclusions
2 Market Overview
2.1 Introduction
2.2 Market Dynamics
2.2.1 Drivers
2.2.1.1 Growing Surveillance Industry
2.2.1.2 Growing Demand From Government and Defense Sector
2.2.1.3 Increased Technological Advancements Across Industry Verticals
2.2.2 Restraints
2.2.2.1 Interoperability Concerns
2.2.2.2 Difficulty in Countering Legal Risks and Ediscovery
2.2.3 Opportunities
2.2.3.1 Adoption of the Cloud-Based Facial Recognition Technology
2.2.3.2 Emerging Application of the Facial Recognition Technology
2.2.4 Challenges
2.2.4.1 Facial Occlusion
2.2.4.2 Lack of Knowledge and Awareness and Technical Challenges
2.2.4.3 Threat of Privacy and Data Breaches
2.3 Use Cases
2.3.1 Use Case: Scenario 1
2.3.2 Use Case: Scenario 2
2.3.3 Use Case: Scenario 3
3 Company Evaluation Quadrant
3.1 Introduction
3.2 Competitive Evaluation Quadrant
3.2.1 Visionary Leaders
3.2.2 Innovators
3.2.3 Dynamic Differentiators
3.2.4 Emerging Companies
4 Competitive Landscape
4.1 Overview
4.2 Ranking of Key Players
4.3 Right-To-Win
4.3.1 New Product Launches and Product Enhancements
4.3.2 Partnerships and Collaborations
4.3.3 Mergers and Acquisitions
5 Company Profiles
5.1 Introduction
5.2 Top 5 Facial Recognition Market Vendors
5.2.1 NEC
5.2.1.1 Business Overview*
5.2.1.2 Products and Services Offered*
5.2.1.3 Recent Developments*
5.2.1.4 SWOT Analysis*
5.2.1.5 MnM View*
(*Above sections are present for all of below companies)
5.2.2 Aware
5.2.3 Gemalto
5.2.4 Ayonix
5.3 Leading Innovators and Emerging Vendors
5.3.1 Cognitec Systems
5.3.2 Daon
5.3.3 NVISO
5.3.4 Stereovision Imaging
5.3.5 Techno Brain
5.3.6 Neurotechnology
5.3.7 Innovatrics
5.3.8 ID3 Technologies
5.3.9 Animetrics
5.3.10 Megvii (Face++)
5.3.11 Facefirst
5.3.12 Sightcorp
5.3.13 Facephi
5.3.14 Smilepass
5.3.15 Herta Security
6 Appendix
6.1 Methodology
Facial Recognition solution quadrant report identifies and benchmarks Top Facial Recognition companies such as NEC (Japan), Aware (US), Gemalto (Netherlands), Ayonix (Japan), Idemia (France), Cognitec (Germany), Nviso SA (Switzerland), Daon (US), Stereovision Imaging (US), Technobrain (Kenya), Neurotechnologies (Lithuania), Innovatrics (Slovakia), ID3 Technologies (France), Herta Security (Spain), Animetrics (US), Megvii [Face++] (China), Facefirst (US), Sightcorp (Netherlands), Facephi (Spain), and Smilepass (UK).
These Facial Recognition solution providers are evaluated on the basis of business strategy excellence and strength of product portfolio within the facial recognition ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. Facial Recognition leaders are rated and positioned on 2x2 matrix, called as ‘Company Evaluation Quadrant’, and identified as Visionary Leaders ( Best Facial Recognition Companies ), Dynamic Differentiators, Innovators, or Emerging companies.
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