A facial recognition device stems from a purpose-built combination of high-end hardware components and efficient software to automatically identify or verify a person from a digital image, as required in several Security and Surveillance installations. The identification process is done by comparing the facial features extracted from an image with those previously stored in a facial database.
As for the global Face Recognition Device industry, the industry structure is relatively dispensable. The top three manufacturers have 20.37% revenue market share in 2017. The China giant Cloudwalk, which has 12.88% market share in 2017, is the leader in the Face Recognition Device industry. The manufacturers following Cloudwalk are Aurora and Insigma Group, which respectively has 4.18% and 3.31% market share globally.
Plus, China is the largest consumption area, accounting for 29.29% in 2017, and will reach 44.59% in 2023, with a CAGR of 29.53% during 2018-2023 largely owing to the publishment of A Next Generation Artificial Intelligence Development Plan.
The downstream industries of Face Recognition Device are government, banking and finance, travel, migration and criminal. In the recent years, with the rising awareness of security, the enlargement of commercial spending and unsolved high rate of criminal, the consumption increase of Face Recognition Device will be obvious. There is a huge potential need for the Face Recognition Device. In the foreseeable future, the Face Recognition Device will show an optimistic upward trend.
Although sales of Face Recognition Device bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the Face Recognition field hastily.

The Global Face Recognition Device Market size was xxx million USD with a CAGR xx % from 2018- 2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023 - 2030.

As the report focuses on global Face Recognition Device Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-

Cloudwalk
Aurora
Insigma Group
Herta
IDTECK Co Ltd.
Artec Group
CMOLO
Anviz
Adatis GmbH＆Co. KG
IDEMIA (France)
EnterFace
SenseTime
ColosseoEAS
Cognitec Systems
Bioenable

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:

Handheld Devices
Fixed Devices
In Market segmentation by applications :

Security and Protection
Transportation
BFSI
Others

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Face Recognition Device Market for the forecast period 2023 - 2030?
• What are the driving forces in the Face Recognition Device Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Face Recognition Device industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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