The Global Face
Recognition AI Camera Market is driven by increasing security needs

The Global Face Recognition AI Camera Market is
estimated to be valued at US$ 3.08 Bn in 2024 and is expected to exhibit a CAGR
of 22% over the forecast period 2024 To 2031.



Key Takeaways



Key players operating in the Face Recognition AI Camera market are IDEMIA ,
TECH5 Group, Onfido, Hangzhou Hikvision Digital Technology Co., Ltd. ,
Honeywell International Inc., Panasonic Holdings Corporation, Dahua Technology,
Megvii, Ayonix , AnyVision, NEC Corporation, Cognitec Systems GmbH, Aware, Inc.,
Thales, VIVOTEK Inc., Sony Group Corporation, Axis Communications AB., Nikon
Corporation. IDEMIA and NEC Corporation hold a significant market share due to
their diversified product portfolio and widespread distribution networks.



The growing Face
Recognition Ai Camera Demand for advanced security systems from
government organizations, commercial spaces, educational institutions and
public places is a major factor boosting the sales of face recognition AI
cameras. While access control and attendance tracking remain key application
areas, these cameras are increasingly finding new uses in areas like public
safety, retail analytics and cashier-less stores.



The rising adoption of cloud-based video surveillance systems and increasing
focus on smart city projects across developed and emerging economies is driving
the global expansion of the face recognition AI camera market. Leading
manufacturers are investing heavily in R&D to develop more accurate and
affordable cameras with larger database storage capabilities.

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