Face recognition is a technology among several biometric tools or modalities which is used for detecting or verifying a person from a digital image or a video frame from a video source.
UAE Face Recognition Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of UAE Face Recognition market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “UAE Face Recognition Market Analysis, 2020”, the UAE Face Recognition market is anticipated to grow at an exponential CAGR during 2020-25. Based on region, Dubai is anticipated to capture majority market share in the UAE Face Recognition market in the coming years on an account of large-scale integration of facial recognition technology in industries such as banking, transportation, and airline, along with launch of advanced face recognition technologies such as deep-learning-based intelligent face recognition in the country. Moreover, monitoring criminal behavior with regard to hosting the World Expo 2021 is projected to bolster the deployment of face recognition technology in the country. Hence, this would further proliferate the demand for face recognition in the country in forecast period.
Security & Surveillance Acquired Considerable Market Share
Based on application, security & surveillance the significant market share in the UAE Face Recognition market owing to the burgeoning demand for technologically advanced security & surveillance systems in government agencies to improve safety and security. Moreover, to have control on data breach incidents and physical force attacks, the demand for advanced surveillance systems has undergone a significant increase, which in turn, escalated the demand for facial recognition solutions in the country. Thus, this is anticipated to strongly contribute toward the growth of the Face Recognition market in the near future as stated in the MarkNtel Advisors’ research report “UAE Face Recognition Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the UAE Face Recognition market include Emirates Face Recognition, NNTC, Ayonix, Cognitec, CryptoMetrics, ACIX middle east, muzun, Huawei, WAMA, Aratek etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on UAE Face Recognition Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of UAE Face Recognition Market during 2020-25?
A. The growth rate of UAE Face Recognition Market during 2020-25 is forecast to be grow at an exponential CAGR in the forecasted period
Q. Who are the key competitors or players operating in UAE Face Recognition Market?
A. Emirates Face Recognition, NNTC, Ayonix, Cognitec, CryptoMetrics, ACIX middle east, muzun, Huawei, WAMA, Aratek etc., are few of the leading players in the UAE Face Recognition Market.
Q. Which component segment would emerge as an opportunity area for players in UAE Face Recognition Market?
A. Software is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in UAE Face Recognition Market?
A. Dubai grabbed a majority market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of UAE Face Recognition Market.