Market Forecast By Component Types(Hardware, Software & Software Tools, Services), By Applications(Law enforcement, Physical Security, Border Control, Commercial & Service based applications) and by Competitive Landscape.
Product Code: ETC001070 | Publication Date: Mar 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The USA Facial Authentication Systems Market is effortlessly rising and the future of this industry looks promising. The use of artificial intelligence (AI), as well as machine learning (ML) in the market, is improving the speed and accuracy of facial recognition. Integration of these systems into many sectors like healthcare retail, and baking is leading the market towards success. Facial recognition technology is used to enhance the experience of customers by decreasing waiting times and providing faster check-ins. Contactless biometric identification methods become popular with the outbreak coronavirus pandemic for a business looking to minimize physical interactions. These systems are efficient and businesses are adopting these solutions. Additionally, there is a rising focus on privacy associated with facial recognition technology. Players are investing in secure data storage solutions which secure user information from misuse or unauthorized access which is driving the USA Facial Authentication Systems Market Growth.
USA facial authentication systems market is an advanced and developed market for facial authentication systems owing to technological advancement, increased government spending, and early adoption of the technology. However, the market is expected to witness sluggish growth during the forecast period on account of rising concerns related to privacy in the country.
According to 6Wresearch, the USA Facial Authentication Systems Market size is projected to grow at a CAGR of 4.3% during 2019–2025. The systems are banned in some cities of the USA such as San Francisco across the law enforcement area due to increasing privacy issues and violation of personal data norms. Random faces are scanned and stored in police databases, where they are matched with existing records of criminals for criminal identification purposes, thus leading to privacy concerns among the people.
The border control area is one of the major application areas of facial authentication systems and has projected to witness maximum growth in the U.S. facial authentication systems market over the coming years. For instance, the government is planning to use the technology for approximately 97% of the passengers departing from the country over the coming years.
The USA facial authentication systems market report comprehensively covers the market by component types, applications, and regions. The USA facial authentication systems market outlook report provides an unbiased and detailed analysis of the USA facial authentication systems market trends, USA 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.
The Facial Authentication Systems Market in the USA is propelling and the leading market players are constantly focusing on innovation which helps them support the market growth. One of the leading companies in the market is the NEC Corporation of America. This key player in the market has developed advanced facial recognition systems including NeoFace technology that oasts a high accuracy rate in challenging lighting conditions. Gemalto NV is another notable player in this space. It provides biometric authentication solutions which include fingerprint scanning as well as iris recognition technologies along with facial recognition. Other players in the market are Aware Inc., FaceFirst Inc., Cognitec Systems GmbH, Daon Inc., Crossmatch Technologies Inc., Animetrics Inc., etc.
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The USA facial authentication systems market report provides a detailed analysis of the following 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. USA Facial Authentication Systems Market Overview |
3.1 USA Facial Authentication Systems Market Revenues (2015-2025F) |
3.2 USA Facial Authentication Systems Market Revenue Share, By Component Types (2018 & 2025F) |
3.3 USA Facial Authentication Systems Market Revenue Share, By Applications (2018 & 2025F) |
3.4 USA Facial Authentication Systems Market – Industry Life Cycle |
3.5 USA Facial Authentication Systems Market - Porter’s Five Forces |
4. USA Facial Authentication Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. USA Facial Authentication Systems Market Trends |
6. USA Facial Authentication Systems Market Overview, By Component Types |
6.1 USA Facial Authentication Systems Market Revenues, By Component Types (2015-2025F) |
7. USA Facial Authentication Systems Market Overview, By Applications |
7.1 USA Law Enforcement Facial Authentication Systems Market Revenues (2015-2025F) |
7.2 USA Border Control Facial Authentication Systems Market Revenues (2015-2025F) |
7.3 USA Physical Security Facial Authentication Systems Market Revenues (2015-2025F) |
7.4 USA Commercial & Service Based Application Facial Authentication Systems Market Revenues (2015-2025F) |
8. USA Facial Authentication Systems Market – Key Performance Indicators |
9. USA Facial Authentication Systems Market Opportunity Assessment |
9.1 USA Facial Authentication Systems Market Opportunity Assessment, By Application (2025F) |
10. USA Facial Authentication Systems Market Competitive Landscape |
10.1 USA Facial Authentication Systems Market Competitive Benchmarking, By Component Types |
10.2 USA Facial Authentication Systems Market Ranking, By Company, 2018 |
11. Company Profiles |
12. Strategic Recommendations |
13. Disclaimer |
List of Figures |
Figure1. USA Facial Authentication Systems Market Revenues, 2015 - 2025F ($ Million) |
Figure2. USA Facial Authentication Systems Market Revenue Share, By Component Types, 2018 & 2025F |
Figure3. USA Facial Authentication Systems Market Revenue Share, By Applications, 2018 & 2025F |
Figure4. USA Facial Authentication Systems Market – Industry Life Cycle |
Figure5. USA Facial Authentication Systems Market - Porter’s Five Forces |
Figure6. USA Hardware Facial Authentication Systems Market Revenues, 2015 - 2025F ($ Million) |
Figure7. USA Software Facial Authentication Systems Market Revenues, 2015 - 2025F ($ Million) |
Figure8. USA Services Facial Authentication Systems Market Revenues, 2015 - 2025F ($ Million) |
Figure9. USA Law Enforcement Facial Authentication Systems Market Revenues, 2015-2025F ($ Million) |
Figure10. USA Physical Security Facial Authentication Systems Market Revenues, 2015-2025F ($ Million) |
Figure11. USA Border Control Facial Authentication Systems Market Revenues, 2015-2025F ($ Million) |
Figure12. USA Commercial & Service-Based Applications Facial Authentication Systems Market Revenues, 2015-2025F ($ Million) |
Figure13. USA Facial Authentication Systems Market Opportunity Assessment, By Applications, 2025F |
Figure14. USA Facial Authentication Systems Market Competitive Benchmarking, By Component Types |
Figure15. USA Facial Authentication Systems Market Ranking, By Company, 2018 |