Market By Technology, End-user, And Geography | Forecast 2019-2028
A Triton Market Research report states that the Asia-Pacific facial recognition market would grow in terms of revenue with a CAGR of 17.47% in the forecasting period 2019 to 2028.
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The countries studied in this market include:
•          China
•          Japan
•          South Korea
•          India
•          Australia & New Zealand
•          ASEAN countries
•          Rest of APAC countries
China is rapidly matching steps with the United States in terms of AI adoption. The country is taking efforts to make Beijing a global leader in the field of artificial intelligence, by 2030. It has adopted facial recognition technology on a large scale. While many countries are only beginning to use this technology, China has taken its adoption a notch higher. It is expected to deploy over 600 million surveillance cameras, incorporated with facial recognition systems, by the end of 2020.
Educational institutions, such as the Minjiang University and the Henan University of Technology, have deployed facial recognition systems to track the attendance of their students and employees. Moreover, the decrease in the prices of these solutions has encouraged end-users, particularly the ones in the BFSI and transportation sectors, to adopt this technology, in order to ensure security. Furthermore, as per a new rule implemented in December 2019, it is mandatory for users to submit to facial recognition scans when registering their new SIM cards. This enhanced adoption of facial recognition technology and solutions shows that China has a huge market for facial recognition, and it is expected to prosper further in the coming years.
However, despite the positive scenario for facial recognition in the country, the conflict between the US and China has hampered the latter’s reputation, thereby affecting its surveillance industry. This has, as a result, opened up a window of opportunities for the Japanese market. Biometric facial recognition providers in the country have received a major opportunity to expand their footprint, especially the NEC Corporation and Panasonic. Therefore, the facial recognition market in Japan is also heading towards growth.
Founded in 1899, NEC Corporation is a Japanese firm providing IT and network solutions to business enterprises, government agencies, and communication service providers. NEC Neo face, Neoface Watch, Neoface Smart-ID, and Neoface Match are some of the facial recognition solutions it provides. In recent years, the company has strengthened its R&D capabilities. It is headquartred in Minato-ku, Tokyo.
Market by Technology (Data ana ..
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1.   ASIA-PACIFIC FACIAL RECOGNITION MARKET - SUMMARY
2.   INDUSTRY OUTLOOK
2.1. MARKET DEFINITIONÂ Â Â Â Â
2.2. KEY INSIGHTSÂ Â Â Â Â Â
2.2.1.  FACIAL RECOGNITION APPLICATION IN MOBILE SECURITY AND DRONESÂ
2.2.2.  EMERGENCE OF FACIAL ANALYTICS
2.3. IMPACT OF COVID-19 ON FACIAL RECOGNITIONÂ
2.4. PORTER’S FIVE FORCE ANALYSIS  Â
2.4.1.  THREAT OF NEW ENTRANTS  Â
2.4.2.  THREAT OF SUBSTITUTE          Â
2.4.3.  BARGAINING POWER OF BUYERS    Â
2.4.4.  BARGAINING POWER OF SUPPLIERS
2.4.5.  THREAT OF COMPETITIVE RIVALRY Â
2.5. MARKET ATTRACTIVENESS INDEXÂ Â
2.6. VENDOR SCORECARDÂ
2.7. MARKET DRIVERSÂ Â Â Â Â Â Â Â Â
2.7.1.  NEED FOR SURVEILLANCE SYSTEMS
2.7.2.  INCREASING ADOPTION OF FACIAL RECOGNITION IN CONSUMER ELECTRONICS SECTOR   Â
2.7.3.  TECHNOLOGICAL ADVANCEMENTS IN RECOGNITION SYSTEMS
2.8. MARKET RESTRAINTSÂ Â
2.8.1.  PRIVACY ISSUESÂ
2.8.2.  HIGH ERROR RATES      Â
2.9. MARKET OPPORTUNITIESÂ Â Â Â Â Â Â
2.9.1.  INTEGRATION OF FACIAL BIOMETRICS IN SMART CARDS       Â
2.9.2.  COMMERCIALIZATION OF FACIAL RECOGNITION TECHNOLOGY
2.10. MARKET CHALLENGESÂ Â Â Â Â Â Â Â Â Â
2.10.1. LACK OF ESTABLISHED INTERNATIONAL STANDARDSÂ Â
2.10.2. COMPETITION FROM NON-BIOMETRICS TECHNOLOGIES
2.11. WORKFLOW OF FACIAL RECOGNITION SYSTEMSÂ Â Â Â Â Â Â Â
2.12. ADVANTAGES AND DISADVANTAGES OF FACIAL RECOGNITION SYSTEMSÂ Â Â Â Â Â Â Â
3.   ASIA-PACIFIC FACIAL RECOGNITION MARKET OUTLOOK – BY TECHNOLOGYÂ
3.1. 3D FACIAL RECOGNITIONÂ Â Â Â Â Â Â Â
3.2. 2D FACIAL RECOGNITIONÂ Â Â Â Â Â Â Â
3.3. FACIAL ANALYTICSÂ Â Â Â Â Â Â Â
4.   ASIA-PACIFIC FACIAL RECOGNITION MARKET OUTLOOK - BY END-USER
4.1. SECURITY AND LAW ENFORCEMENTÂ Â Â Â Â Â Â Â Â
4.2. HEALTHCAREÂ Â Â Â Â Â
4.3. RETAILÂ Â Â Â Â Â Â
4.4. OTHER END-USERSÂ Â Â Â Â Â
5.   ASIA-PACIFIC FACIAL RECOGNITION MARKET – REGIONAL OUTLOOK  Â
5.1. CHINAÂ Â Â Â Â Â Â Â Â
5.2. JAPANÂ Â Â Â Â Â Â Â
5.3. INDIAÂ Â Â Â Â Â Â Â Â Â Â
5.4. SOUTH KOREAÂ Â Â Â
5.5. ASEAN COUNTRIESÂ Â Â Â Â Â Â
5.6. AUSTRALIA & NEW ZEALANDÂ
5.7. REST OF ASIA-PACIFICÂ Â Â Â Â Â Â Â Â Â Â Â
6.   COMPETITIVE LANDSCAPE
6.1. 3M COMPANYÂ Â Â Â Â Â
6.2. COGNITEC SYSTEMS GMBHÂ Â Â
6.3. NEC CORPORATIONÂ Â Â Â Â Â
6.4. FACEFIRST INCÂ Â Â
6.5. NUANCE COMMUNICATIONS INC
6.6. CROSSMATCH TECHNOLOGIES Â Â Â Â
6.7. ANIMETRICS INC
6.8. DAON INC
6.9. PANASONIC CORPORATIONÂ Â Â
6.10. GEMALTO NV (THALES GROUP)Â Â Â Â Â Â
6.11. AWARE INC
6.12. FACEPHI BIOMETRIC SAÂ Â Â Â Â Â Â Â
6.13. AYONIX CORPORATIONÂ Â Â Â Â Â Â Â Â
6.14. IDEMIA FRANCE SASÂ Â
6.15. ID3 TECHNOLOGIESÂ Â Â Â
7.   METHODOLOGY & SCOPE Â
7.1. RESEARCH SCOPE & DELIVERABLESÂ Â Â Â Â Â Â Â
7.2. SOURCES OF DATAÂ Â Â Â Â Â Â
7.3. RESEARCH METHODOLOGYÂ Â
TABLE 1: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2: MARKET ATTRACTIVENESS INDEX
TABLE 3: VENDOR SCORECARD
TABLE 4: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCE ANALYSIS
FIGURE 2: WORKFLOW OF FACIAL RECOGNITION SYSTEMS
FIGURE 3: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY 3D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY 2D FACIAL RECOGNITION, 2019-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY FACIAL ANALYTICS, 2019-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY SECURITY AND LAW ENFORCEMENT, 2019-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC FACIAL RECOGNITION MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC FACIAL RECOGNITION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 11: CHINA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 12: JAPAN FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 13: INDIA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 14: SOUTH KOREA FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 15: ASEAN COUNTRIES FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 16: AUSTRALIA & NEW ZEALAND FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)
FIGURE 17: REST OF ASIA-PACIFIC FACIAL RECOGNITION MARKET, 2019-2028 (IN $ MILLION)