3D Facial Recognition Market Sales Revenue Forecasts 2030 Analysis By Data from Major Countries and Analysis, Industry Trends, Growth, Scale, Segmentation, Future Demand, Latest Innovations

The 3D facial recognition system is used to authenticate an individual by using 3D geometry of his/her face. 3D facial recognition utilizes facial contours to recognize and scrutinize various features in a human face, which are all unique and do not vary over time. Moreover, it has benefits over 2D facial recognition, such as ease in the detection of facial data from videos and 2D images and least affected with illumination issues. With the advancements in 3D facial recognition software and services, the application of facial recognition is expanding, especially in healthcare IT solutions, payments, and commerce sectors. Further, surging demand for robust fraud detection and prevention systems has led the adoption of 3D Facial Recognition across the forecast period. Also, rising number of users in both government and private organizations drives the market growth.

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Moreover, Government initiatives are anticipated to contribute to the expansion of such technologies. For instance, the US government intends to reshape airport security through facial recognition, to register and identify the visitors. However, Vulnerability to cyber-attacks and availability of advanced biometric readers acts as a major restraint for the 3D facial recognition market. Further, the development in 3D cameras market is also expected to bring advancement and new applications for 3D facial recognition technology is expected to fuel the demand for 3D Facial Recognitions.

In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global 3D Facial Recognition market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid adoption of new technology along with the presence of key market players in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing population along with increasing government expenditure on public safety and national security concerns would create lucrative growth prospects for the 3D Facial Recognition market across Asia-Pacific region.

Major market player included in this report are:
3M Company
NEC Technologies
Aware, Inc
MorphoTrak Inc.
Animetrics
Daon
Ayonix
Cognitec Systems
Keylemon
nVISO Sarl

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Hardware
Software Tools
Services

By End-Use:
Banking & Finance
Consumer Electronics
Government & Defense
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global 3D Facial Recognition Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. 3D Facial Recognition Market, by Region, 2017-2026 (USD Billion)
1.2.2. 3D Facial Recognition Market, by Type, 2017-2026 (USD Billion)
1.2.3. 3D Facial Recognition Market, by End-Use, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global 3D Facial Recognition Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global 3D Facial Recognition Market Dynamics
3.1. 3D Facial Recognition Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global 3D Facial Recognition Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global 3D Facial Recognition Market, by Type
5.1. Market Snapshot
5.2. Global 3D Facial Recognition Market by Type, Performance – Potential Analysis
5.3. Global 3D Facial Recognition Market Estimates & Forecasts by Type 2016-2026 (USD Billion)
5.4. 3D Facial Recognition Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software Tools
5.4.3. Services

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