Analysis of the Facial Recognition Market volume and comparison of the major companies

1.

Facial Recognition
Market
Analysis of the Facial Recognition Market
volume and comparison of the major
companies
21.09.2023
Chulkin Maxim

2.

Presentation plan
01
03
21.09.2023
Global market volume
You’ll know estimated global
facial
recognition
market
volume by year
Facial Recognition Market
highlights by key market players
You’ll know the first three key
companies in global facial
recognition market
02
04
Facial Recognition Market
Highlights By Region
You’ll know where the most
advanced technologies of
facial recognition
Facial Recognition Market
highlights by key market players
You’ll know the second three key
companies in global facial
recognition market
Chulkin Maxim

3.

Estimated global facial recognition
market volume by year from 2020 to
2030
$16.7B
The Global Facial Recognition
Market size was valued at
$3.83 billion in 2020, and is
projected to reach $16.74
billion by 2030, growing at a
CAGR of 16.0% from 2020 to
2030.
$12.1B
$8.51B
$5.69B
$3.83B
2020
21.09.2023
2023
2025
2028
2030
Since the outbreak of COVID-19, vendors worldwide
have already upgraded their algorithms to
accommodate new changes and norms. For instance,
a study by the National Institute of Standards and
Technology (NIST) found that several algorithms,
reconfigured since the pandemic began, make far
fewer mistakes when analyzing masked faces. In some
cases, error rates were ten times better than before.
Chulkin Maxim

4.

In which regions of the world the most
advanced technology of facial recognition?
1. North America
2. Europe
3. Asia Pacific
4. MEA
5. Latin America
Facial Recognition
Market Highlights
By Region
2
1
4
3
5
21.09.2023
Chulkin Maxim

5.

Facial Recognition Market highlights by key market players
• NEC (Japan). NEC's biometric face recognition
technology is used worldwide for fighting crime,
preventing fraud, securing public safety, and
improving customer experience. Revenue = $22.46B.
NEC
Thales
Aware
• Aware (US). Aware has provided software for
biometric identification and authentication since
1992. Aware solutions are used globally for a variety
of applications for government, financial services,
and enterprise security. Revenue = $16M.
Ayonix
• Ayonix (Japan). Ayonix engine has been selected as
the fastest FR engine according to NIST-FRVT 2014
and NIST 2018. Ayonix's face recognition products
can be used for access control systems, surveillance
systems, computer security. Revenue = $7.1M.
Major
companies
nViso
Cognitec
Systems
GmbH
21.09.2023
Chulkin Maxim

6.

Facial Recognition Market highlights by key market players
• Cognitec Systems (Germany). Cognitec’s portfolio includes
products for facial image database search, recorded video
investigation, real-time video screening and people analytics,
border control and facial image quality assessment. Various
independent evaluation tests have proven the premier
performance of their FaceVACS software. Revenue = $19.5M.
NEC
Thales
Aware
• nViso (Switzerland). The NVISO Neuro SDK provides facial
action unit recognition capabilities for researchers,
developers, and manufacturers of human machine interfaces
(HMI). The SDK can automatically analyze facial movements
by coding them into the Facial Action Units (FACS) taxonomy
as a part of a real-time system. Revenue = $50.3M.
Major
companies
Ayonix
nViso
Cognitec
Systems
GmbH
21.09.2023
• Thales (France). FRP is Thales' state-of-the-art biometric face
recognition solution. FRP can be easily integrated into thirdparty solutions such as border and travel management,
access control, ID check, security/video surveillance, thanks
to its system-integrators-friendly design and high scalability.
Revenue = $18.3B.
Chulkin Maxim

7.

CHULKIN MAXIM
BUSINESS ANALYST
Moscow, Russia
+79775842976
[email protected]
Thank You for your
attention!