Middle East and Africa 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 Middle East & Africa is expected to grow from US$ 161.97 million in 2021 to US$ 355.62 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2021 to 2028.
The “fourth industrial revolution,” Industry 4.0, is characterized by rapid and converging advancements in multiple next-generation technologies, including artificial intelligence (AI). The newly developed facial recognition systems use advanced artificial intelligence features, IP cameras, machine learning algorithms, and cognitive technology to verify a person from a video source or a digital image. While traditional facial recognition systems have loopholes, advanced AI-based facial recognition systems deliver far superior accuracy. Moreover, many companies are eliminating traditional fingerprinting scanners from their security systems, which is paving the way for the greater adoption of AI-based facial recognition systems. In addition, apart from technology giants, the military sectors are also planning to adopt the AI technology for AI-based battlefield challenges. Thus, AI-powered facial recognition technology is bolstering the market growth. Moreover, increasing government initiatives and investments in promoting AI-based facial recognition technologies are further propelling the facial recognition market growth.
Middle East & Africa Facial Recognition Market Revenue and Forecast to 2028 (US$ Million)
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Middle East & Africa Facial Recognition Market Segmentation
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa facial recognition market is segmented into South Africa, the UAE, and the rest of Middle East & Africa. South Africa contributed a substantial share in 2020.
Aware Inc., Fujitsu Limited, IDEMIA, NEC Corporation, Onfido, and Thales Group are among the leading companies in the Middle East & Africa 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. MEA Facial Recognition Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Facial Recognition Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising 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 – MEA Analysis
6.1 MEA Facial Recognition Market Overview
6.2 MEA Facial Recognition Market Revenue and Forecast to 2028 (US$ Million)
7. MEA Facial Recognition Market Analysis – By Component
7.1 Overview
7.2 MEA Facial Recognition Market, By Component (2020 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: MEA 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: MEA 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: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
7.3.9 Facial Analytics
7.3.10 Overview
7.3.11 Facial Analytics: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: MEA 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: MEA 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: MEA 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: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
8. MEA Facial Recognition Market Analysis – By Application
8.1 Overview
8.2 MEA Facial Recognition Market, By Application (2020 and 2028)
8.3 Security & Surveillance
8.3.1 Overview
8.3.2 Security & Surveillance: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Access Control
8.4.1 Overview
8.4.2 Access Control: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Facial Recognition Market Analysis – By Vertical
9.1 Overview
9.2 MEA Facial Recognition Market, By Vertical (2020 and 2028)
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI: MEA 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: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Government
9.5.1 Overview
9.5.2 Government: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Education
9.7.1 Overview
9.7.2 Education: MEA 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: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10. MEA Facial Recognition Market – Country Analysis
10.1 Overview
10.1.1 MEA: Facial Recognition Market, by Key Country
10.1.1.1 South Africa: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Facial Recognition Market, By Component
10.1.1.1.2 South Africa: Facial Recognition Market, by Application
10.1.1.1.3 South Africa: Facial Recognition Market, by Vertical
10.1.1.2 UAE: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 UAE: Facial Recognition Market, By Component
10.1.1.2.2 UAE: Facial Recognition Market, by Application
10.1.1.2.3 UAE: Facial Recognition Market, by Vertical
10.1.1.3 Rest of MEA: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of MEA: Facial Recognition Market, By Component
10.1.1.3.2 Rest of MEA: Facial Recognition Market, by Application
10.1.1.3.3 Rest of MEA: 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 IDEMIA
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 Aware Inc.
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 Fujitsu Limited
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 Onfido
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 NEC Corporation
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 Thales Group
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Facial Recognition market – Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 5. UAE: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of MEA: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Facial Recognition Market Segmentation
Figure 2. MEA Facial Recognition market Segmentation – By Country
Figure 3. MEA 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. South Africa held the largest share in 2020
Figure 8. MEA: PEST Analysis
Figure 9. MEA Facial Recognition Market: Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Impact Analysis of Drivers and Restraints
Figure 12. MEA Facial Recognition market Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Facial Recognition Market Revenue Share, By Component (2020 and 2028)
Figure 14. Software: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. 2D Facial Recognition: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. 3D Facial Recognition: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Facial Analytics: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Services: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Training and Consulting: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Integration and Implementation: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Support and Maintenance: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Facial Recognition Market Revenue Share, by Application (2020 and 2028)
Figure 23. Security & Surveillance: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Access Control: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. MEA Facial Recognition Market Revenue Share, by Vertical (2020 and 2028)
Figure 27. BFSI: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Retail and E-commerce: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Government: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Healthcare: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Education: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Automotive and Transportation: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Others: MEA Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. MEA: Facial Recognition Market, by key Country – Revenue (2020) (US$ Million)
Figure 35. MEA: Facial Recognition Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. South Africa: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. UAE: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of MEA: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)
- Aware Inc.
- Fujitsu Limited
- IDEMIA
- NEC Corporation
- Onfido
- Thales Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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