Asia Pacific Facial Recognition Market Share by Size and Growth 2028

The facial recognition market in Asia-Pacific is expected to grow from US$ 1,669.17 million in 2021 to US$ 5,376.28 million by 2028; it is estimated to grow at a CAGR of 18.2% from 2021 to 2028.

Cloud-based facial recognition systems benefit through real-time processing. On-demand self-service allows customers to quickly procure and access the services they want. Cloud computing offers broad access to systems as it offers quick and reliable integration with other applications. In addition, cloud services based facial recognition system facilitate high scalability to ensure that it can be accessed by a broad user base. The inclination toward cloud-based facial recognition systems is high among governments of various countries. In 2021, Neusoft, a Chinese firm backed by Huawei’s cloud services, won a tender from the central Henan province of the country government to build a facial recognition system to detect and track journalists, international students, and migrant women in China. Cloud-based solutions reduce various upfront costs and eliminate concerns related to the maintenance of servers. Hence, cloud-based solutions are best-suited for small and medium enterprises (SMEs) and organizations that cannot bear the cost of on-premises solutions. The increasing adoption of cloud-based technologies and the Internet of Things (IoT) is, thus, creating excellent opportunities for the future growth of facial recognition system vendors.

Asia-Pacific Facial Recognition Market Revenue and Forecast to 2028 (US$ Million)

Asia-Pacific Facial Recognition Market Segmentation

The Asia-Pacific facial recognition market is segmented on the basis of component, application, vertical, and country. Based on component, the market is segmented into software and services. In 2020, the software segment held a larger market share. The Asia-Pacific facial recognition market for the software segment is further segmented into 2D facial recognition, 3D facial recognition, and facial analytics. In 2020, the 3D facial recognition segment held the largest market share. The market for the services segment is subsegmented into training & consulting, integration and implementation, and support & maintenance. In 2020, the integration and implementation segment held the largest market share. Based on application, the Asia-Pacific facial recognition market is segmented into security & surveillance, access control, and others. In 2020, the security & surveillance segment held the largest market share. Based on vertical, the market is segmented into BFSI, retail and e-commerce, government, healthcare, education, automotive and transportation, and others. In 2020, the government segment held the largest market share. By country, the Asia-Pacific facial recognition market is segmented into China, India, Japan, South Korea, and the rest of Asia-Pacific. China contributed a substantial share in 2020.

Aware Inc., Ayonix Corporation, Cognitec Systems GmbH, Fujitsu Limited, IDEMIA, NEC Corporation., Onfido, Tech5, and Thales Group are among the leading companies in the Asia-Pacific facial recognition market.

Asia Pacific Facial Recognition Market Strategic Insights

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Asia Pacific Facial Recognition Market Segmentation Analysis

Asia Pacific Facial Recognition Market Report Highlights

Asia Pacific Facial Recognition Report Scope

Report Attribute	Details
Market size in 2021	US$ 1,669.17 Million
Market Size by 2028	US$ 5,376.28 Million
CAGR (2021 - 2028)	18.2%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Component Software Services By Application Security & Surveillance Access Control By Vertical BFSI Retail and E-commerce Government Healthcare Education Automotive and Transportation
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Aware Inc. Ayonix Corporation Cognitec Systems GmbH Fujitsu Limited IDEMIA NEC Corporation Onfido Tech5 Thales Group