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US Facial
Recognition Market Size, Leading Growth Drivers, Trends, Segments, and Analysis
The US
Facial Recognition Market size is projected to grow from USD
1.45 billion in 2023 to USD 2.63 billion by 2028 at a Compound Annual Growth
Rate (CAGR) of 12.6% during the forecast period.
The increasing security needs in today's world and the need
for high-tech surveillance systems have increased the use of facial
recognition. It is primarily used in high-security locations like Airports, Law
Enforcement, Identity Verification and Critical infrastructure. Facial
recognition helps in enhancing security procedures and reducing processing
time. In public spaces, it monitors people in densely populated areas, avoiding
security breaches, and in critical infrastructure, it provides an additional layer
of identification and tracking. Concerning human-driven traditional security
systems, facial recognition-based intelligent surveillance systems
automatically recognize individuals and issue real-time notifications for
greater efficiency, minimizing the involvement of humans and decreasing
operational expenses.
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in-depth TOC on “US Facial
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List of Top Companies
·
Microsoft
(US)
·
AWS
(US)
·
Aware
(US)
·
OneSpan
(US)
·
Q3
Technologies (US)
·
FaceFirst
(US)
·
Clarifai
(US)
·
Pangiam
(US)
·
Clearview
AI (US)
·
Veridium
(US)
The on-premises segment is expected
to account for the largest market share by deployment mode segment in the US
facial recognition market during the forecast period.
Highly secure industries like government, defense, and
banking adopt on-premises solutions for regulatory compliance and data safety.
These systems provide real-time identity assurance and access management, with
restricted access keeping cyber threats at bay and enabling seamless
operations. Despite cloud adoption, on-premises solutions are the preferred
choice for companies demanding high accuracy, reliability, and complete control
over data.
The software solutions segment is expected to grow at
the highest CAGR by offering segment in the US facial recognition market during
the forecast period.
The face recognition market based on software solutions is
increasing steadily, with the largest market segment being face identification,
which is expected to witness significant growth. Face recognition is projected
to have the highest growth rate due to the growing demand for financial services
and authentication systems. Customer behavior analysis through facial analytics
is also expected to rise as businesses seek better insights. Face liveness
detection, required for anti-spoofing and anti-fraud, will see steady adoption
across various industries. Increased security, fraud prevention, and higher
authentication needs are driving this market growth. The growing use of
AI-driven surveillance and identity authentication will continue to drive
sector-wide integration and innovation.
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The large enterprise segment is expected to account for the
largest market share by organization size segment in the US facial recognition
market during the forecast period.
Large enterprises are expected to dominate the facial
recognition industry, such as corporations such as banks, hospitals, and
government bodies, which need security, fraud prevention, and identity
verification. These corporations always possess more financial clout and can
leverage AI-driven surveillance and biometric identification to enhance their
security and productivity. With increasing cyber-attacks and more regulations,
the demand for facial recognition is expanding more aggressively. It has become
a high priority in workforce management, gaining access, and facilitating
real-time monitoring.
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