Middle East & Africa Facial Recognition Market Size & Outlook
Middle East & Africa facial recognition market, 2017-2028 (US$M)
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MEA facial recognition market highlights
- The MEA facial recognition market generated a revenue of USD 161.8 million in 2021.
- The market is expected to grow at a CAGR of 18.1% from 2022 to 2028.
- In terms of segment, 3d was the largest revenue generating technology in 2021.
- Facial Analytics is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2021 | USD 161.8 million |
| Market revenue in 2028 | USD 517.2 million |
| Growth rate | 18.1% (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 |
| Key market players worldwide | Aware Inc, Cognitec Systems, Thales, Fujitsu Ltd, NEC Corp, Entrust Inc. |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.6% of the global facial recognition market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,863.9 million by 2028.
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Facial Recognition Market Scope
Facial Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 38.32% in 2021. Horizon Databook has segmented the Middle East & Africa facial recognition market based on 2d, 3d, facial analytics covering the revenue growth of each sub-segment from 2017 to 2028.
Careem, a taxi-hailing service in the Middle East, uses facial recognition solutions offered by a U.K.-based security company, Digital Barriers. The software verifies drivers in real-time by integrating it with the driver’s mobile application.
Several African countries, such as Uganda and Kenya, have received financing and infrastructure from Chinese companies, including Huawei Technologies Co., Ltd., for the development of surveillance and telecommunications.
In Turkey, approximately 30 domestically-developed drones equipped with AI and facial recognition are used for border security. Amid COVID – 19 pandemic, Dubai police officials are using smart helmets equipped with facial recognition and an infra-red camera, to detect high body temperature of public transport users and identify them.
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Target buyers of Middle East & Africa 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa facial recognition market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa facial recognition market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Facial Recognition Market Outlook Share, 2021 & 2028 (US$M)
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