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. |
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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.
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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