Global Facial Recognition Market Size & Outlook, 2021-2028
Global facial recognition market, 2017-2028 (US$M)
Related Markets
Global facial recognition market highlights
- The global facial recognition market generated a revenue of USD 4,451.0 million in 2021 and is expected to reach USD 12,110.4 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 15.4% by 2028.
- In terms of segment, 3d accounted for a revenue of USD 1,671.2 million in 2021.
- Facial Analytics is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 4,451.0 million |
| Market revenue in 2028 | USD 12,110.4 million |
| Growth rate | 15.4% (CAGR from 2021 to 2028) |
| Largest segment | 3d |
| Fastest growing segment | Facial Analytics |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2D, 3D, Facial Analytics |
Other key industry trends
- In terms of revenue, the North America accounted for 37.3% of the global facial recognition market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 2,365.0 million by 2028.
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Facial Recognition Market Scope
Facial Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global facial recognition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to facial recognition market will help companies and investors design strategic landscapes.
3d was the largest segment with a revenue share of 37.55% in 2021. Horizon Databook has segmented the Global facial recognition market based on 2d, 3d, facial analytics covering the revenue growth of each sub-segment from 2017 to 2028.
- Global Facial Recognition Technology Outlook (Revenue, USD Million, 2017-2028)
- 2D
- 3D
- Facial Analytics
- Global Facial Recognition Application Outlook (Revenue, USD Million, 2017-2028)
- Emotion Recognition
- Attendance Tracking and Monitoring
- Access Control
- Security & Surveillance
- Others
- Global Facial Recognition End-Use Outlook (Revenue, USD Million, 2017-2028)
- Retail & E-commerce
- Media & Entertainment
- BFSI
- Automobile & Transportation
- Telecom & IT
- Government
- Healthcare
- Others
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Target buyers of Global facial recognition market databook
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Our clientele includes a mix of facial recognition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global facial recognition market , including forecasts for subscribers. This global databook contains high-level insights into Global facial recognition market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Global facial recognition market size, by regions, 2017-2028 (US$M)
Top 10 countries: Facial recognition market size, 2021 (US$M)
Global facial recognition market share, by technology, 2021 & 2028 (%, US$M)
Facial recognition market: Opportunity assessment by country
Global facial recognition market, by region, 2021 (US$M)
| Technology | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,081.8 | 1,189.0 | 1,325.7 | 1,472.6 | 1,660.7 | 1,880.9 | 2,128.8 | 2,405.4 | 2,709.7 | 3,043.9 | 3,410.4 | 3,806.3 | 12.6% |
| Europe | 747.5 | 829.2 | 933.2 | 1,046.9 | 1,192.6 | 1,365.0 | 1,561.8 | 1,784.6 | 2,034.1 | 2,312.8 | 2,624.2 | 2,967.4 | 13.9% |
| Asia Pacific | 574.9 | 673.2 | 798.5 | 942.7 | 1,128.7 | 1,356.0 | 1,626.8 | 1,947.3 | 2,322.6 | 2,761.1 | 3,273.1 | 3,863.9 | 19.2% |
| Latin America | 168.7 | 193.5 | 225.2 | 261.1 | 307.3 | 363.4 | 429.4 | 506.6 | 596.1 | 699.5 | 819.1 | 955.6 | 17.6% |
| MEA | 87.0 | 100.4 | 117.4 | 136.8 | 161.8 | 192.1 | 228.0 | 270.2 | 319.1 | 375.9 | 441.8 | 517.2 | 18.1% |
| Overall | 2,659.8 | 2,985.2 | 3,400.0 | 3,860.0 | 4,451.0 | 5,157.4 | 5,974.8 | 6,914.1 | 7,981.6 | 9,193.2 | 10,568.5 | 12,110.4 | 15.4% |
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