February 12, 2021
According to the latest study on ‘UAE Face Recognition Market Analysis, 2020’, available with Market Study Report LLC, the United Arab Emirates face recognition market is projected to showcase tremendous growth trends through 2025.
Worldwide proliferation of smartphones, rising concerns about cyberthreats, and consumer preference for maintaining the security of their personal data are propelling the growth of the UAE face recognition market. It is to be noted that face recognition technology is employed to detect and verify a person’s face either physically or from video source.
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The study leverages the knowledge of seasoned analysts to make predictions about the market valuation and growth graph over 2020-2025. Apart from expansion prospects, it also highlights challenges and restraints, hence aiding the stakeholders to prepare robust strategies. The document also surveys various segments, in order to identify returns generating areas.
Based on component ambit, the software segment of the UAE face recognition industry is sub-divided into facial analytics, thermal face recognition, 3D face recognition, and 2D face recognition. While different services include professional, and managed.
Moving on to application scope, the marketplace is categorized into emotion recognition, access control, security & surveillance, attendance tracking & monitoring, and others. The report cites that security & surveillance application held substantial portion of the UAE face recognition market share in 2019, owing to high demand for technologically advanced face recognition solutions by government to enhance security & surveillance, thereby averting data breaches, and minimizing physical force attacks across the region.
Speaking of end-users of face recognition technology, transportation, government & defense, retail & e-commerce, BFSI, healthcare, telecom & IT, automobile, medial & entertainment, and other including education compose the spectrum.
As per report insights, Dubai is reckoned to lead the UAE face recognition industry forecast through 2025, driven by extensive technology integration across banking and transportation verticals, alongside emergence of deep-learning AI modules. With nation being the host for World Expo 2021, inclination towards monitoring and curbing criminal activities has surged, leading to deployment of facial recognition solutions, which in turn is positively swaying the business dynamics.
Major vendors in the UAE face recognition market sphere are Cognitech Systems GmbH, Ayonix Corp., NNTC (Innovative Technology Company), and Emirates Face Recognition LLC.