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Question 1

Why is 3D facial recognition technology dominating the industry share?

Accepted Answer

3D solutions are more precise & accurate and eliminate the disadvantages of 2D systems. The demand for more accuracy in capturing the real-time image of a person's facial surface has led to the rapid market adoption of an effective software using a 3D model.

Question 2

How will retail & e-commerce sector fare in the global facial recognition market?

Accepted Answer

The retail & e-commerce sector in the market will expand at over 20% CAGR through 2026, says this research report by Global Market Insights, Inc.

Question 3

What are the forecasts for Asia Pacific facial recognition industry?

Accepted Answer

According to the analysts GMI, the Asia Pacific market is anticipated to witness growth of around 19% during the forecast timespan.

Question 4

Which are the prominent companies in the 3D facial recognition landscape?

Accepted Answer

Major players operating in the industry include Aware. Inc., Ayonix Corporation, Cognitec Systems GmbH, Daon, Inc., Idemia, Facefirst, Inc., Thales Group, Herta Security, NEC Corporation, Ntechlab, Stereovision Imaging, Inc., Panasonic Corporation, and VisionLabs B.V.

Question 5

How much did the global facial recognition market size account for in 2019?

Accepted Answer

The market size of facial recognition surpassed USD 3 billion in 2019.

Question 6

How much growth will the facial recognition industry share witness during the forecast timeframe?

Accepted Answer

The industry share of facial recognition is poised to grow at a CAGR of over 18% between 2020 and 2026.

Facial Recognition Market Share

Facial Recognition Market Share

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