North America Facial Recognition Market

The North America Facial Recognition Market size was valued at US$ 1,628.13 Mn in 2021 and is projected to reach US$ 3,907.98 Mn by 2028, growing at a CAGR of 13.3% during 2021 - 2028.

Report Coverage
  • Component: Software, Services
  • Application: Security & Surveillance, Access Control
  • Vertical: BFSI, Retail and E-commerce, Government, Healthcare, Education, Automotive and Transportation
US$ 1,628.13 Mn Market size in 2021
US$ 3,907.98 Mn Market Size by 2028
13.3% CAGR, 2021 - 2028
2022-2028 Forecast Period

The facial recognition market in North America is expected to grow from US$ 1,628.13 million in 2021 to US$ 3,907.98 million by 2028; it is estimated to grow at a CAGR of 13.3% from 2021 to 2028.

 

Biometrics gained huge traction among intelligence agencies after the world witnessed several severe terrorist attacks in the past, e.g., the attack on World Trade Center on September 11, 2011, in the US. The data were collected through biometric, especially by military personnel in possibly high-threat nations. Facial recognition technologies have been deployed by federal and regional law enforcement departments, homeland security departments, and other security agencies across the region. These biometric systems help them solve different crime cases by facilitating the rapid identification of offenders. Furthermore, in the military sector, facial recognition systems are employed to identify individuals on the battlefield. The US military has spent more than US$ 4.5 million in the development of facial recognition technology that reads the heat patterns emitted by faces to identify specific people. In 2021, The US Army called for proposals to install a facial recognition security system at the entry points of all its bases. In addition, the government of Mexico is strengthening border control by automating the entry process by utilizing SITA’s Automated Border Control kiosks to use biometric technology to verify passengers’ identities and improve national security. Thus, increasing deployment of facial recognition technology by government is driving the market growth.

 

North America Facial Recognition Market Revenue and Forecast to 2028 (US$ Million)

 

North America Facial Recognition Market Segmentation        

 

The North America facial recognition market is segmented on the basis of component, application, vertical, and country. Based on component, the market is bifurcated 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 North America 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 BFSI segment held the largest share of the market. By country, the North America facial recognition market is segmented into the US, Mexico, and Canada. The US contributed a substantial share in 2020.

 

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

 

North America Facial Recognition Market Strategic Insights

global-market-strategic-framework
FREE PDF
Request your free sample
Request free sample

North America Facial Recognition Market Report Highlights

Report Attribute Details
Market size in 2021 US$ 1,628.13 Million
Market Size by 2028 US$ 3,907.98 Million
CAGR (2021 - 2028) 13.3%
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
North America US, Canada, Mexico
Market leaders and key company profiles
  • Aware Inc.
  • Cognitec Systems GmbH
  • Fujitsu Limited
  • IDEMIA
  • NEC Corporation
  • Onfido
  • Tech5
  • Thales Group
FREE PDF
Request your free sample
Request free sample

North America Facial Recognition Market Country and Regional Insights

north-america-facial-recognition-market
FREE PDF
Request your free sample
Request free sample
10 Trust & Transparency

Research Methodology

The market analysis combines proprietary research with secondary data from government agencies, company disclosures, regulatory filings, industry databases and expert interviews. Market estimates are validated through data triangulation, cross-market benchmarking and analyst review.

View Full Research Methodology
12 Questions Answered

Frequently Asked Questions

How big is the North America Facial Recognition Market?

The North America Facial Recognition Market is valued at US$ 1,628.13 Million in 2021, it is projected to reach US$ 3,907.98 Million by 2028.

What is the CAGR for North America Facial Recognition Market by (2021 - 2028)?

As per our report North America Facial Recognition Market, the market size is valued at US$ 1,628.13 Million in 2021, projecting it to reach US$ 3,907.98 Million by 2028. This translates to a CAGR of approximately 13.3% during the forecast period.

What segments are covered in this report?

The North America Facial Recognition Market report typically cover these key segments-

  • Component (Software, Services)
  • Application (Security & Surveillance, Access Control)
  • Vertical (BFSI, Retail and E-commerce, Government, Healthcare, Education, Automotive and Transportation)

What is the historic period, base year, and forecast period taken for North America Facial Recognition Market?

The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Facial Recognition Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
Who are the major players in North America Facial Recognition Market?

The North America Facial Recognition Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Aware Inc.
  • Cognitec Systems GmbH
  • Fujitsu Limited
  • IDEMIA
  • NEC Corporation
  • Onfido
  • Tech5
  • Thales Group
Who should buy this report?

The North America Facial Recognition Market report is valuable for diverse stakeholders, including:

  • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
  • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
  • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
  • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
  • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

Essentially, anyone involved in or considering involvement in the North America Facial Recognition Market value chain can benefit from the information contained in a comprehensive market report.

Access the Full North America Facial Recognition Market Report

Get segment-level forecasts, regional estimates, competitive benchmarking, company profiles and downloadable Excel datasets.

Access the full North America Facial Recognition Market Report
125 pages PDF & Excel 2022-05-11