Market Overview:
The global facial tracking solution market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for facial recognition technology for security and authentication purposes. In addition, the growing trend of online shopping is also contributing to the growth of this market. The global facial tracking solution market can be segmented on the basis of type into software and services. The software segment is expected to account for a major share of the global facial tracking solution market in 2018. This segment is projected to grow at a CAGR of over 17% during the forecast period from 2018 to 2030. On the other hand, services are projected grow at a CAGR close o 14%. On basis application, BFSI sector accounted for majority share in 2017 and it will continue its dominance by 2023 with more than US$ 1 Billion revenue followed by Government & Defense sector with around US$ 0.5 Billion revenue respectively while Retail & eCommerce and Healthcare sectors are expecting highest Compound Annual Growth Rate (CAGR) more than 25%. Regionally, North America dominates Global Facial Tracking Solution Market with highest revenue contribution in 2017and it will maintain its leadership throughout entire study period i-e.
Product Definition:
A facial tracking solution is a computer application or service that is used to track the movement of a person's face. This can be used for purposes such as security, identification, and analysis. The importance of facial tracking solutions can be seen in a variety of industries, including healthcare, retail, and security.
Software:
Software is the core of any facial tracking solution. It provides a platform to analysis and processing of data for subsequent operations in the system. The software segment has been analyzed with respect to two broad categories namely, standalone and integrated solutions.
The global facial tracking software market was valued at USD 1,48 billion in 2014.
Services:
Services are the invisible components that make up the Facial Tracking Solution. They include software and hardware services, such as data storage and transmission, facial recognition analysis tools, etc. The demand for these solutions is increasing due to their wide range of applications in security surveillance systems at homes & businesses or public places like airports & railway stations.
Application Insights:
The others application segment includes media and entertainment, military and defense, education, and other applications. The industry is expected to witness significant growth owing to the rising adoption of facial tracking solutions in various industries including media & entertainment, retail & e-commerce, healthcare etc. Facial tracking solutions are widely used across different applications such as fraud detection in banks or credit cards; monitoring children; surveillance in government buildings or public places; detecting criminals through video surveillance etc.
The banking sector is one of the prominent end users of facial recognition technology due to its efforts for ensuring safety and security of its assets along with a continuous effort from the regulatory bodies such as Basel Committee on Banking Supervision (BCBS) for improving financial sector governance. Furthermore, faceprints are also being increasingly used by law enforcement agencies for investigations purposes as it provides them an advantage over traditional methods such as physical search or arrest warrants when it comes to identifying criminals from a photo lineup.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing adoption of facial recognition technology by government and law enforcement agencies for surveillance purposes, which has prompted companies based in this region to develop countermeasures against such threats. For instance, in January 2018, FaceFirst Inc., a U.S.-based company that provides facial recognition software to governments and businesses across North America, launched an app called Civilian Shield that allows users to take pictures of crowds and people without identifying them individually using facial recognition technology; instead it generates a generic profile photo based on their appearance (gender, age group).
Growth Factors:
- Increasing demand for security and surveillance systems
- Growing adoption of facial recognition technology
- Proliferation of big data and analytics
- Rising demand for head-mounted displays (HMDs) in the gaming and entertainment industry
- Increasing use of facial tracking solution in medical research
Scope Of The Report
Report Attributes
Report Details
Report Title
Facial Tracking Solution Market Research Report
By Type
Software, Services
By Application
BFSI, Government and Defense, Retail and eCommerce, Healthcare, Other
By Companies
NEC Corporation, Visage Technologies, Sightcorp, Cognitec Systems GmbH, Banuba
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Facial Tracking Solution Market Report Segments:
The global Facial Tracking Solution market is segmented on the basis of:
Types
Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Government and Defense, Retail and eCommerce, Healthcare, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NEC Corporation
- Visage Technologies
- Sightcorp
- Cognitec Systems GmbH
- Banuba
Highlights of The Facial Tracking Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Services
- By Application:
- BFSI
- Government and Defense
- Retail and eCommerce
- Healthcare
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Facial Tracking Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Facial tracking solution is a software that can track the facial expressions of people in real-time. This technology can be used to create digital avatars, which can then be used for online communication and video conferencing.
Some of the major players in the facial tracking solution market are NEC Corporation, Visage Technologies, Sightcorp, Cognitec Systems GmbH, Banuba.
The facial tracking solution market is expected to grow at a compound annual growth rate of 16%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Facial Tracking Solution Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Facial Tracking Solution Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Facial Tracking Solution Market - Supply Chain
4.5. Global Facial Tracking Solution Market Forecast
4.5.1. Facial Tracking Solution Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Facial Tracking Solution Market Size (000 Units) and Y-o-Y Growth
4.5.3. Facial Tracking Solution Market Absolute $ Opportunity
5. Global Facial Tracking Solution Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Facial Tracking Solution Market Size and Volume Forecast by Type
5.3.1. Software
5.3.2. Services
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Facial Tracking Solution Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Facial Tracking Solution Market Size and Volume Forecast by Application
6.3.1. BFSI
6.3.2. Government and Defense
6.3.3. Retail and eCommerce
6.3.4. Healthcare
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Facial Tracking Solution Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Facial Tracking Solution Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Facial Tracking Solution Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Facial Tracking Solution Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Facial Tracking Solution Demand Share Forecast, 2019-2026
9. North America Facial Tracking Solution Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Facial Tracking Solution Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Facial Tracking Solution Market Size and Volume Forecast by Application
9.4.1. BFSI
9.4.2. Government and Defense
9.4.3. Retail and eCommerce
9.4.4. Healthcare
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Facial Tracking Solution Market Size and Volume Forecast by Type
9.7.1. Software
9.7.2. Services
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Facial Tracking Solution Demand Share Forecast, 2019-2026
10. Latin America Facial Tracking Solution Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Facial Tracking Solution Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Facial Tracking Solution Market Size and Volume Forecast by Application
10.4.1. BFSI
10.4.2. Government and Defense
10.4.3. Retail and eCommerce
10.4.4. Healthcare
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Facial Tracking Solution Market Size and Volume Forecast by Type
10.7.1. Software
10.7.2. Services
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Facial Tracking Solution Demand Share Forecast, 2019-2026
11. Europe Facial Tracking Solution Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Facial Tracking Solution Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Facial Tracking Solution Market Size and Volume Forecast by Application
11.4.1. BFSI
11.4.2. Government and Defense
11.4.3. Retail and eCommerce
11.4.4. Healthcare
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Facial Tracking Solution Market Size and Volume Forecast by Type
11.7.1. Software
11.7.2. Services
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Facial Tracking Solution Demand Share, 2019-2026
12. Asia Pacific Facial Tracking Solution Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Facial Tracking Solution Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Facial Tracking Solution Market Size and Volume Forecast by Application
12.4.1. BFSI
12.4.2. Government and Defense
12.4.3. Retail and eCommerce
12.4.4. Healthcare
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Facial Tracking Solution Market Size and Volume Forecast by Type
12.7.1. Software
12.7.2. Services
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Facial Tracking Solution Demand Share, 2019-2026
13. Middle East & Africa Facial Tracking Solution Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Facial Tracking Solution Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Facial Tracking Solution Market Size and Volume Forecast by Application
13.4.1. BFSI
13.4.2. Government and Defense
13.4.3. Retail and eCommerce
13.4.4. Healthcare
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Facial Tracking Solution Market Size and Volume Forecast by Type
13.7.1. Software
13.7.2. Services
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Facial Tracking Solution Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Facial Tracking Solution Market: Market Share Analysis
14.2. Facial Tracking Solution Distributors and Customers
14.3. Facial Tracking Solution Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NEC Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Visage Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sightcorp
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cognitec Systems GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Banuba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
