Europe Facial Recognition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Application (Security & Surveillance, Access Control, and Others), and Vertical (BFSI, Retail and E-commerce, Government, Healthcare, Education, Automotive and Transportation, and Others)
The facial recognition market in Europe is expected to grow from US$ 1,267.41 million in 2021 to US$ 2,495.78 million by 2028; it is estimated to grow at a CAGR of 10.2% from 2021 to 2028.
3D face recognition systems deliver more accurate results than their 2D counterparts by measuring the geometry of rigid facial features. 3D face recognition systems could accurately recognize human faces even under dim lights. With varying facial positions and expressions, 2D face recognition systems face difficulties while operating in such conditions. The 3D face recognition technique uses sensors that help capture 3D face images and track persons’ faces in real time with improved precision; moreover, these systems identify an individual irrespective of variations in their poses and expressions, and lighting conditions. Owing to the higher accuracy of 3D facial recognition systems, their deployment is on the rise in public safety systems at airports, and border protection and surveillance check posts. Chenega Europe Ltd, a wholly owned subsidiary of Chenega Corporation, provides a long-range LiDAR-enabled 3D facial recognition system for identification and verification. Thus, with the growing research and development efforts, 3D recognition systems are leading to significant future trends in the facial recognition market.
Europe Facial Recognition Market Revenue and Forecast to 2028 (US$ Million)
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Europe Facial Recognition Market Segmentation
The Europe 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 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 share of the market. Based on application, the Europe 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 Europe facial recognition market is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. Germany contributed a substantial share in 2020.
Aware Inc., Cognitec Systems GmbH, Face PHI, Fujitsu Limited, IDEMIA, NEC Corporation., Onfido, Tech5, and Thales Group are among the leading companies in the Europe facial recognition market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Facial Recognition Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Facial Recognition Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Surge in Demand from Government and Defense Sectors
5.1.2 Burgeoning Adoption of AI-Based Facial Recognition Systems
5.2 Market Restraints
5.2.1 Restricted Adoption due to Technical Drawbacks
5.3 Future Trends
5.3.1 Adoption of Cloud-Based Facial Recognition Technology
5.4 Market Opportunities
5.4.1 3D Face Recognition Systems
5.5 Impact Analysis of Drivers and Restraints
6. Facial Recognition Market – Europe Analysis
6.1 Europe Facial Recognition Market Overview
6.2 Europe Facial Recognition Market Revenue and Forecast to 2028 (US$ Million)
7. Europe Facial Recognition Market Analysis – By Component
7.1 Overview
7.2 Europe Facial Recognition Market, By Component (2020 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 2D Facial Recognition
7.3.4 Overview
7.3.5 2D Facial Recognition: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
7.3.6 3D Facial Recognition
7.3.7 Overview
7.3.8 3D Facial Recognition: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
7.3.9 Facial Analytics
7.3.10 Overview
7.3.11 Facial Analytics: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Training and Consulting
7.4.4 Overview
7.4.5 Training and Consulting: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
7.4.6 Integration and Implementation
7.4.7 Overview
7.4.8 Integration and Implementation: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
7.4.9 Support and Maintenance
7.4.10 Overview
7.4.11 Support and Maintenance: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Facial Recognition Market Analysis – By Application
8.1 Overview
8.2 Europe Facial Recognition Market, By Application (2020 and 2028)
8.3 Security & Surveillance
8.3.1 Overview
8.3.2 Security & Surveillance: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Access Control
8.4.1 Overview
8.4.2 Access Control: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Facial Recognition Market Analysis – By Vertical
9.1 Overview
9.2 Europe Facial Recognition Market, By Vertical (2020 and 2028)
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Retail and E-commerce
9.4.1 Overview
9.4.2 Retail and E-commerce: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Government
9.5.1 Overview
9.5.2 Government: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Education
9.7.1 Overview
9.7.2 Education: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Automotive and Transportation
9.8.1 Overview
9.8.2 Automotive and Transportation: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Facial Recognition Market – Country Analysis
10.1 Overview
10.1.1 Europe: Facial Recognition Market, by Key Country
10.1.1.1 France: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 France: Facial Recognition Market, By Component
10.1.1.1.2 France: Facial Recognition Market, by Application
10.1.1.1.3 France: Facial Recognition Market, by Vertical
10.1.1.2 Germany: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Germany: Facial Recognition Market, By Component
10.1.1.2.2 Germany: Facial Recognition Market, by Application
10.1.1.2.3 Germany: Facial Recognition Market, by Vertical
10.1.1.3 Italy: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Facial Recognition Market, By Component
10.1.1.3.2 Italy: Facial Recognition Market, by Application
10.1.1.3.3 Italy: Facial Recognition Market, by Vertical
10.1.1.4 UK: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Facial Recognition Market, By Component
10.1.1.4.2 UK: Facial Recognition Market, by Application
10.1.1.4.3 UK: Facial Recognition Market, by Vertical
10.1.1.5 Russia: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Facial Recognition Market, By Component
10.1.1.5.2 Russia: Facial Recognition Market, by Application
10.1.1.5.3 Russia: Facial Recognition Market, by Vertical
10.1.1.6 Rest of Europe: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Facial Recognition Market, By Component
10.1.1.6.2 Rest of Europe: Facial Recognition Market, by Application
10.1.1.6.3 Rest of Europe: Facial Recognition Market, by Vertical
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Tech5
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 IDEMIA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Aware Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cognitec Systems GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Fujitsu Limited
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Onfido
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 NEC Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Thales Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Face PHI
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Facial Recognition market – Revenue and Forecast to 2028 (US$ Million)
Table 2. France: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Facial Recognition Market Segmentation
Figure 2. Europe Facial Recognition market Segmentation – By Country
Figure 3. Europe Facial Recognition Market Overview
Figure 4. Software Segment held the largest share in 2020
Figure 5. Security & Surveillance Segment held the largest share in 2020
Figure 6. Government Segment held the largest share in 2020
Figure 7. Germany held the largest share in 2020
Figure 8. Europe: PEST Analysis
Figure 9. Europe Facial Recognition Market: Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Impact Analysis of Drivers and Restraints
Figure 12. Europe Facial Recognition market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Facial Recognition Market Revenue Share, By Component (2020 and 2028)
Figure 14. Software: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. 2D Facial Recognition: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. 3D Facial Recognition: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Facial Analytics: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Services: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Training and Consulting: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Integration and Implementation: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Support and Maintenance: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Facial Recognition Market Revenue Share, by Application (2020 and 2028)
Figure 23. Security & Surveillance: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Access Control: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Facial Recognition Market Revenue Share, by Vertical (2020 and 2028)
Figure 27. BFSI: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Retail and E-commerce: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Government: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Healthcare: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Education: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Automotive and Transportation: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Others: Europe Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Facial Recognition Market, by key Country – Revenue (2020) (US$ Million)
Figure 35. Europe: Facial Recognition Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. France: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Germany: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Italy: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. UK: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Russia: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Europe: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
- Aware Inc.
- Cognitec Systems GmbH
- Face PHI
- Fujitsu Limited
- IDEMIA
- NEC Corporation
- Onfido
- Tech5
- Thales Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Facial Recognition market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe Facial Recognition market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Facial Recognition market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution