The use of AI has grown exponentially in recent years, with financial products and tools such as consumer loans, credit reports, compliance review, trading, and banking services being increasingly automated.
Facial recognition technology is making its way into the FInancial Services, used primarily for physical security and ID recognition.
This report focus on Facial Recognition Technology in the Financial Services. Hardware devices are not covered.
This report contains market size and forecasts of Facial Recognition Technology in the Financial Services in Global, including the following market information:
Global Facial Recognition Technology in the Financial Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Facial Recognition Technology in the Financial Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Physical Security Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Facial Recognition Technology in the Financial Services include NEC Corporation, Safran Group, Gemalto, Ayonix, Crossmatch Technologies, Aware Inc, Cloudwalk, Dahua Technology and Aurora, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Facial Recognition Technology in the Financial Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Facial Recognition Technology in the Financial Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Facial Recognition Technology in the Financial Services Market Segment Percentages, by Type, 2021 (%)
Physical Security
ID Recognition
Global Facial Recognition Technology in the Financial Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Facial Recognition Technology in the Financial Services Market Segment Percentages, by Application, 2021 (%)
Bank
Financial Institutions
Others
Global Facial Recognition Technology in the Financial Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Facial Recognition Technology in the Financial Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Facial Recognition Technology in the Financial Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Facial Recognition Technology in the Financial Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
NEC Corporation
Safran Group
Gemalto
Ayonix
Crossmatch Technologies
Aware Inc
Cloudwalk
Dahua Technology
Aurora
Insigma Group
Face++
PCI
CMOLO
IDEMIA
Anviz
Adatis GmbH＆Co. KG
ColosseoEAS
Artec Group
EnterFace
IDTECK Co Ltd.
Bioenable
Herta
SenseTime
Cognitec Systems