global facial recognition market in the financial services sector was valued at approximately USD 2.8 billion in 2022 and is projected to reach USD 12.3 billion by 2032, growing at a CAGR of around 24% during the forecast period.
The growth prospects of the global facial recognition in financial services market are extensively discussed in a recently released intelligence study 2023. Based on an in-depth study of the different growth variables that are influencing the market performance and will continue to do so, it provides short-term and long-term growth estimates for the industry. The focus of the report is on both direct and indirect, as well as positive and negative elements, in order to present a fact-based assessment.
This research report also analyses the main factors or factors contributing to the market growth for facial recognition in financial services. Additionally, the study offers a number of significant factors that can restrain market expansion over the projection year.
In the upcoming years, the market for facial recognition in the financial services industry is anticipated to increase significantly. Demand for secure authentication is rising Facial recognition is becoming more and more used as a safe authentication technique due to the increased demand for improved security measures in the financial services industry. It is perfect for uses like identity verification, access control, and transaction authorization since it has benefits like non-intrusiveness, convenience, and accuracy.
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Company Profiles:
• FacePhi
• NEC Corporation
• Cognitec Systems GmbH
• IDEMIA
• BioID
• Ayonix Corporation
• Aware, Inc.
• FaceTec
• Innovatrics
• Gemalto N.V.
• Verint Systems Inc.
• IDEMIA Group
• Panasonic Corporation
• SAFRAN Group
Segmentation:
By Application
• identity verification
• customer onboarding
• payment processing
• fraud detection
• others.
By End-user
• banks
• financial institutions
• payment processors
• insurance companies
• fintech companies
• others.
Regions
North America,U.S.,Canada,Mexico,Europe,Germany,U.K.,France,Italy,Spain,Russia,Rest of Europe,Asia Pacific,China,Japan,India,Australia,Korea,Rest of Asia pacific,South America,Brazil,Argentina,Colombia,Rest of South America,Middle East & Africa,UAE,Saudi Arabia,Egypt,Oman,Kuwait,South Africa,Rest of MEA
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Insights and Tools:
- Facial Recognition In Financial Services Market Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.
- Product values and regional markets are estimated by market analyst, data analyst and people from related industry, based on company’s revenue and applications market respectively.
- Facial Recognition In Financial Services Market Include the data sources but not limited to reports of companies, international organizations and governments, market surveys, and related industry news.
- Analyses of global Facial Recognition In Financial Services market trends, with historical data, estimates for 2022 and projections of compound annual growth rates (CAGRs) through 2027
- The market research includes historical and forecast data from like demand, application details, price trends, and company shares by geography, especially focuses on the key regions like United States, European Union, China, and other regions.
- In addition, the Facial Recognition In Financial Services market report provides insight into main drivers, challenges, opportunities and risk of the market and strategies of suppliers. Key players are profiled as well with their market shares in the global market discussed.
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