Asia Pacific Facial Recognition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Application (Security & Surveillance, Access Control, and Others), and Vertical (BFSI, Retail and E-commerce, Government, Healthcare, Education, Automotive and Transportation, and Others)

Name: Asia Pacific Facial Recognition Market
SKU: Technology, Media and Telecommunications
Rating: 4.9 (12 reviews)

The facial recognition market in Asia-Pacific is expected to grow from US$ 1,669.17 million in 2021 to US$ 5,376.28 million by 2028; it is estimated to grow at a CAGR of 18.2% from 2021 to 2028.

Cloud-based facial recognition systems benefit through real-time processing. On-demand self-service allows customers to quickly procure and access the services they want. Cloud computing offers broad access to systems as it offers quick and reliable integration with other applications. In addition, cloud services based facial recognition system facilitate high scalability to ensure that it can be accessed by a broad user base. The inclination toward cloud-based facial recognition systems is high among governments of various countries. In 2021, Neusoft, a Chinese firm backed by Huawei’s cloud services, won a tender from the central Henan province of the country government to build a facial recognition system to detect and track journalists, international students, and migrant women in China. Cloud-based solutions reduce various upfront costs and eliminate concerns related to the maintenance of servers. Hence, cloud-based solutions are best-suited for small and medium enterprises (SMEs) and organizations that cannot bear the cost of on-premises solutions. The increasing adoption of cloud-based technologies and the Internet of Things (IoT) is, thus, creating excellent opportunities for the future growth of facial recognition system vendors.

Asia-Pacific Facial Recognition Market Revenue and Forecast to 2028 (US$ Million)

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Asia-Pacific Facial Recognition Market Segmentation

The Asia-Pacific facial recognition market is segmented on the basis of component, application, vertical, and country. Based on component, the market is segmented into software and services. In 2020, the software segment held a larger market share. The Asia-Pacific facial recognition market for the software segment is further segmented into 2D facial recognition, 3D facial recognition, and facial analytics. In 2020, the 3D facial recognition segment held the largest market share. The market for the services segment is subsegmented into training & consulting, integration and implementation, and support & maintenance. In 2020, the integration and implementation segment held the largest market share. Based on application, the Asia-Pacific facial recognition market is segmented into security & surveillance, access control, and others. In 2020, the security & surveillance segment held the largest market share. Based on vertical, the market is segmented into BFSI, retail and e-commerce, government, healthcare, education, automotive and transportation, and others. In 2020, the government segment held the largest market share. By country, the Asia-Pacific facial recognition market is segmented into China, India, Japan, South Korea, and the rest of Asia-Pacific. China contributed a substantial share in 2020.

Aware Inc., Ayonix Corporation, Cognitec Systems GmbH, Fujitsu Limited, IDEMIA, NEC Corporation., Onfido, Tech5, and Thales Group are among the leading companies in the Asia-Pacific facial recognition market.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Facial Recognition Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 APAC

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Facial Recognition Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Increasing Demand from Government and Defense Sectors

5.1.2 Burgeoning Adoption of AI-Based Facial Recognition Systems

5.2 Market Restraints

5.2.1 Restricted Adoption due to Technical Drawbacks

5.3 Future Trends

5.3.1 Adoption of Cloud-Based Facial Recognition Technology

5.4 Market Opportunities

5.4.1 3D Face Recognition Systems

5.5 Impact Analysis of Drivers and Restraints

6. Facial Recognition Market – APAC Analysis

6.1 APAC Facial Recognition Market Overview

6.2 APAC Facial Recognition Market Revenue and Forecast to 2028 (US$ Million)

7. APAC Facial Recognition Market Analysis – By Component

7.1 Overview

7.2 APAC Facial Recognition Market, By Component (2020 and 2028)

7.3 Software

7.3.1 Overview

7.3.2 Software: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.3.3 2D Facial Recognition

7.3.4 Overview

7.3.5 2D Facial Recognition: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.3.6 3D Facial Recognition

7.3.7 Overview

7.3.8 3D Facial Recognition: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.3.9 Facial Analytics

7.3.10 Overview

7.3.11 Facial Analytics: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Services

7.4.1 Overview

7.4.2 Services: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.4.3 Training and Consulting

7.4.4 Overview

7.4.5 Training and Consulting: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.4.6 Integration and Implementation

7.4.7 Overview

7.4.8 Integration and Implementation: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

7.4.9 Support and Maintenance

7.4.10 Overview

7.4.11 Support and Maintenance: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

8. APAC Facial Recognition Market Analysis – By Application

8.1 Overview

8.2 APAC Facial Recognition Market, By Application (2020 and 2028)

8.3 Security & Surveillance

8.3.1 Overview

8.3.2 Security & Surveillance: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Access Control

8.4.1 Overview

8.4.2 Access Control: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Facial Recognition Market Analysis – By Vertical

9.1 Overview

9.2 APAC Facial Recognition Market, By Vertical (2020 and 2028)

9.3 BFSI

9.3.1 Overview

9.3.2 BFSI: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Retail and E-commerce

9.4.1 Overview

9.4.2 Retail and E-commerce: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Government

9.5.1 Overview

9.5.2 Government: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Healthcare

9.6.1 Overview

9.6.2 Healthcare: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Education

9.7.1 Overview

9.7.2 Education: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Automotive and Transportation

9.8.1 Overview

9.8.2 Automotive and Transportation: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

9.9 Others

9.9.1 Overview

9.9.2 Others: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10. APAC Facial Recognition Market – Country Analysis

10.1 Overview

10.1.2 APAC: Facial Recognition Market, by Key Country

10.1.2.1 China: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.1.1 China: Facial Recognition Market, By Component

10.1.2.1.2 China: Facial Recognition Market, by Application

10.1.2.1.3 China: Facial Recognition Market, by Vertical

10.1.2.2 India: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.2.1 India: Facial Recognition Market, By Component

10.1.2.2.2 India: Facial Recognition Market, by Application

10.1.2.2.3 India: Facial Recognition Market, by Vertical

10.1.2.3 Japan: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.3.1 Japan: Facial Recognition Market, By Component

10.1.2.3.2 Japan: Facial Recognition Market, by Application

10.1.2.3.3 Japan: Facial Recognition Market, by Vertical

10.1.2.4 South Korea: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.5 South Korea: Facial Recognition Market, By Component

10.1.2.5.1 South Korea: Facial Recognition Market, by Application

10.1.2.5.2 South Korea: Facial Recognition Market, by Vertical

10.1.2.6 Rest of APAC: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.6.1 Rest of APAC: Facial Recognition Market, By Component

10.1.2.6.2 Rest of APAC: Facial Recognition Market, by Application

10.1.2.6.3 Rest of APAC: Facial Recognition Market, by Vertical

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

11.4 Merger and Acquisition

12. Company Profiles

12.1 Tech5

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 IDEMIA

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Aware Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Cognitec Systems GmbH

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Ayonix Corporation

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Fujitsu Limited

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Onfido

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 NEC Corporation

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Thales Group

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. APAC Facial Recognition market – Revenue and Forecast to 2028 (US$ Million)

Table 2. China: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 3. China: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. China: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 5. India: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 6. India: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 7. India: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 8. Japan: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 9. Japan: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10. Japan: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 11. South Korea: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 12. South Korea: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 13. South Korea: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 14. Rest of APAC: Facial Recognition Market, By Component – Revenue and Forecast to 2028 (US$ Million)

Table 15. Rest of APAC: Facial Recognition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16. Rest of APAC: Facial Recognition Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 17. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Facial Recognition Market Segmentation

Figure 2. APAC Facial Recognition market Segmentation – By Country

Figure 3. APAC Facial Recognition Market Overview

Figure 4. Software Segment held the largest share in 2020

Figure 5. Security & Surveillance Segment held the largest share in 2020

Figure 6. Government Segment held the largest share in 2020

Figure 7. China held the largest share in 2020

Figure 8. APAC: PEST Analysis

Figure 9. APAC Facial Recognition Market: Ecosystem Analysis

Figure 10. Expert Opinion

Figure 11. Impact Analysis of Drivers and Restraints

Figure 12. APAC Facial Recognition market Revenue and Forecast to 2028 (US$ Million)

Figure 13. APAC Facial Recognition Market Revenue Share, By Component (2020 and 2028)

Figure 14. Software: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. 2D Facial Recognition: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. 3D Facial Recognition: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Facial Analytics: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Services: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Training and Consulting: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Integration and Implementation: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Support and Maintenance: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. APAC Facial Recognition Market Revenue Share, by Application (2020 and 2028)

Figure 23. Security & Surveillance: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Access Control: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Others: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. APAC Facial Recognition Market Revenue Share, by Vertical (2020 and 2028)

Figure 27. BFSI: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Retail and E-commerce: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Government: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Healthcare: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Education: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Automotive and Transportation: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Others: APAC Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. APAC: Facial Recognition Market, by Country – Revenue (2020) (US$ Million)

Figure 35. APAC: Facial Recognition Market Revenue Share, by Key Country (2020 and 2028)

Figure 36. China: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. India: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Japan: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. South Korea: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40. Rest of APAC: Facial Recognition Market – Revenue and Forecast to 2028 (US$ Million)

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific Facial Recognition market.
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The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific Facial Recognition market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the Facial Recognition market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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