Market Forecast By Component Types (Hardware, Software & Software Tools and Services), By Applications (Law Enforcement, Physical Security, Border Control and Commercial & Service Based Application) and Competitive Landscape.
Product Code: ETC000968 | Publication Date: Aug 2024 | Updated Date: Dec 2024 | Product Type: Market Reports | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Japan Facial Authentication Systems Market |
Forecast period | 2025-2031 |
CAGR | 12.3% |
Growing Sector | Consumer Electronics |
The Japan Facial Authentication Systems Market Report thoroughly covers the market by Component Types and Applications. The Japan Facial Authentication Systems Market Outlook report provides an unbiased and detailed analysis of the ongoing Japan Facial Authentication Systems Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Japan Facial Authentication Systems market is experiencing growth due to the rising security issues in the public & private sectors. Moreover, a rising number of smartphones with facial authentication attributes are boosting market growth. Major players are heavily investing in R&D to improve the accuracy and reliability of these systems. Moreover, developments in AI and machine learning lead to market expansion. Overall, the Facial Authentication Systems market in Japan presents significant opportunities for growth and development.
According to 6Wresearch, the Japan Facial Authentication Systems Market is projected to grow at a CAGR of 12.3% during 2025-2031. One of the main drivers of the Japan Facial Authentication Systems Market is the rising security concerns across public and private organizations, which propel advanced facial recognition technologies adoption. In addition, government initiatives towards digital transformation and smart city projects are likely to drive the demand. Furthermore, the rising adoption of facial recognition-enabled smartphones is boosting consumer acceptance and confidence in these systems. Moreover, the constant developments in AI and machine learning are refining facial authentication even further to become a more reliable means of authenticating people for various applications ranging from banking industries and border controls.
However, the Japan Facial Authentication Systems market faces many challenges that hinder its growth. One of the major challenges is privacy concerns, as numerous people are skeptical of how their biometric information is gathered and shared. In addition, the high cost of deployment of advanced facial recognition solutions is impracticable for smaller businesses thereby hampering its widespread rollout. Furthermore, the efficacy of these systems is significantly reduced by factors such as external lighting and objects or clothing that cover the face causing false positives or negatives. Moreover, the regulatory ambiguities around data privacy laws and biometric information further compound challenges for organizations contemplating this technology.
Some of the key players operating in the Japan Facial Authentication Systems market include NEC Corporation, Panasonic Corporation, Toshiba Corporation, and Fujitsu Limited. These companies have a strong presence in the Japanese market and are constantly investing in research and development to improve their existing products and develop new ones.
The government of Japan has had a significant impact on the growth of the Facial Authentication Systems market through several initiatives. One notable initiative is the incorporation of facial recognition technology at large airports to expedite immigration and make transit more efficient while maintaining security. In addition, the government has introduced Smart City projects that utilize facial authentication for public safety and urban management. Furthermore, the government is also testing verification processes in the healthcare industry, to deliver personalized medicine and secure access to patient records using facial recognition. Moreover, the government is also encouraging and partnering with banks and fintech companies for facial authentication in financial services to fight against identity fraud and make digital transactions smoother.
The Japan Facial Authentication Systems market is poised to experience growth in the coming years. This growth is attributed to the rising security concerns in public and private sectors. Furthermore, the growing high adoption and penetration of smartphones with facial authentication technologies is motivating market expansion. Key market players are inclined to invest in R&D to enhance the percentage of accuracy and reliability of the systems. Moreover, the market growth is also supported by progress in artificial intelligence and machine learning. Overall, the future of the Japan Facial Authentication Systems market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the software and software tools segment is the dominant segment in the industry and will continue to grow in the coming years. This expansion is due to the increasing use of facial recognition in smartphones, laptops, and other gadgets for security. In addition to that, the growth of the digital transformation and remote work culture fuels the growth of this segment.
Based on Applications, the commercial and service-based application segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the increase in the use of facial recognition for customer recognition, access control, and fraud prevention by companies. In addition to this, a rise in digitalization across different sectors further propels the growth of this segment.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Japan Facial Authentication Systems Market Overview |
3.1 Japan Facial Authentication Systems Market Revenues (2021-2031F) |
3.2 Japan Facial Authentication Systems Market Revenue Share, By Component Types (2021 & 2031F) |
3.3 Japan Facial Authentication Systems Market Revenue Share, By Applications (2021 & 2031F) |
3.4 Japan Facial Authentication Systems Market – Industry Life Cycle |
3.5 Japan Facial Authentication Systems Market - Porter’s Five Forces |
4. Japan Facial Authentication Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Japan Facial Authentication Systems Market Trends |
6. Japan Facial Authentication Systems Market Overview, By Component Types |
6.1 Japan Facial Authentication Systems Market Revenues, By Component Types (2021-2031F) |
7. Japan Facial Authentication Systems Market Overview, By Applications |
7.1 Japan Law Enforcement Facial Authentication Systems Market Revenues (2021-2031F) |
7.2 Japan Border Control Facial Authentication Systems Market Revenues (2021-2031F) |
7.3 Japan Physical Security Facial Authentication Systems Market Revenues (2021-2031F) |
7.4 Japan Commercial & Service Based Application Facial Authentication Systems Market Revenues (2021-2031F) |
8. Japan Facial Authentication Systems Market – Key Performance Indicators |
9. Japan Facial Authentication Systems Market Opportunity Assessment |
9.1 Japan Facial Authentication Systems Market Opportunity Assessment, By Application (2031F) |
10. Japan Facial Authentication Systems Market Competitive Landscape |
10.1 Japan Facial Authentication Systems Market Competitive Benchmarking, By Component Types |
10.2 Japan Facial Authentication Systems Market Ranking, By Company |
11. Strategic Recommendations |
12. Disclaimer |
List of Figures |
Japan Facial Authentication Systems Market Revenues, 2021 - 2031F ($ Million) |
Japan Facial Authentication Systems Market Revenue Share, By Component Types, 2021 & 2031F |
Japan Facial Authentication Systems Market Revenue Share, By Applications, 2021 & 2031F |
Japan Facial Authentication Systems Market – Industry Life Cycle |
Japan Facial Authentication Systems Market - Porter’s Five Forces |
Japan Hardware Facial Authentication Systems Market Revenues, 2021 - 2031F ($ Million) |
Japan Software Facial Authentication Systems Market Revenues, 2021 - 2031F ($ Million) |
Japan Services Facial Authentication Systems Market Revenues, 2021 - 2031F ($ Million) |
Japan Law Enforcement Facial Authentication Systems Market Revenues, 2021-2031F ($ Million) |
Japan Physical Security Facial Authentication Systems Market Revenues, 2021-2031F ($ Million) |
Japan Border Control Facial Authentication Systems Market Revenues, 2021-2031F ($ Million) |
Japan Commercial & Service-Based Applications Facial Authentication Systems Market Revenues, 2021-2031F ($ Million) |
Japan Facial Authentication Systems Market Opportunity Assessment, By Applications, 2031F |
Japan Facial Authentication Systems Market Competitive Benchmarking, By Component Types |
Japan Facial Authentication Systems Market Ranking, By Company, 2024 |
Market Forecast By Component Types (Hardware, Software & Software Tools and Services), By Applications (Law Enforcement, Physical Security, Border Control and Commercial & Service Based Application) and Competitive Landscape.
Product Code: ETC000968 | Publication Date: Mar 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Japan facial authentication systems market is one of the leading markets in the Asia Pacific. Tokyo 2020 Olympics and deployment of such systems in various airports would be some of the key drivers behind the facial authentication systems market Growth during the forecast period.
According to 6Wresearch, Japan Facial Authentication Systems Market size is projected to grow at a CAGR of 24.6% during 2019–25. The Japanese government continues to focus on improving technology, there are several upcoming projects in the transportation sector that would require the deployment of such systems. For instance, NEC Corporation has proposed to install these security systems across six airports in the next few years.
NEC Corporation, which is a leading player in facial authentication systems is headquartered in Japan. The company would be providing these systems in Tokyo 2020 Olympics and Rugby world cup 2019 in order to prevent entry with forged Ids and other security reasons. The rising standards of safety and security are adding to the Japan Facial Authentication Systems. Additionally, facial authentical technology is now used in the defense sector as well which is further adding to the Japan Facial Authentication Systems Market Revenue.
The Japan facial authentication systems market report comprehensively covers the market by component types, applications, and regions. The Japan facial authentication systems market outlook report provides an unbiased and detailed analysis of the Japan facial authentication systems market trends, Japan Facial Authentication Systems market share, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics. In Japan Facial authentication system analysis is the inclusive environment report. Facial Authentication market report provides the estimates and the in-depth secondary research and in-home expect reviews. These studies estimate considered Various impacts on political, economic, and social and with current dynamics affected the Japanese facial Authentication systems.
The Japan facial authentication systems market report provides a detailed analysis of the following market segments: