NEC Corporation (NEC) (Japan) and Aware, Inc. (Aware) (US) are Leading Players in the Facial
MarketsandMarkets forecasts the facial recognition market size to grow from USD 3.8 billion in 2020 to USD 8.5
billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.2% from 2020 to 2025. Growing importance of
the surveillance industry, increasing investments in facial recognition technologies by government and defense
sectors and Increased technological advancements across industry verticals to boost the growth of facial
recognition market across the globe during the forecast period.
Request For Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=995
The major facial recognition vendors include 27 major vendors, namely NEC Corporation (NEC) (Japan), Aware, Inc.
(Aware) (US), Ayonix Corporation (Ayonix) (Japan), Cognitec Systems GmbH (Cognitec Systems) (Germany), NVISO
SA (nViso) (Switzerland), Animetrics (US), Neurotechnology (Lithuania), Daon (Ireland), Stereovision Imaging, Inc.
(SVI) (US), Techno Brain (Dubai), Innovatrics (Bratislava), id3 Technologies (id3) (Israel), Thales (France), Idemia
(France), Nuance Communications, Inc. (Nuance) (US), BioID (Germany), Fulcrum Biometrics, LLC. (Fulcrum
Biometrics) (US), TrueFace.AI (US), Amazon (US), FacePhi (Spain), Herta Security (Herta) (Spain), Kairos AR, Inc.
(Kairos) (US), SightCorp Inc. (SightCorp) (The Netherlands), and Microsoft Corporation (Microsoft) (US).
These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and
new product launches, to further expand their presence in the global facial recognition market. Partnerships, new
product launches, acquisitions, and product enhancements have been the dominating strategies adopted by the
major players from 2018 to 2020, which has helped them innovate their offerings and broaden their customer
NEC partnered with software developers in New Zealand to develop NEC iQuarantine, a facial re