The North America Facial Recognition Market would witness market growth of 13.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Facial Recognition Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,027.3 million by 2031. The Canada market is experiencing to witness a CAGR of 16.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.2% during (2024 - 2031).
The use of such technology has revolutionized how people engage with digital systems, devices, and services. It has become a potent tool for identity verification, authentication, and access control. Identity verification technology, which offers unmatched convenience, security, and efficiency in verifying people's identities, has been widely adopted across various industries and sectors owing to advancements in artificial intelligence, computer vision, and biometric authentication.
In recent years, face recognition technology has increased exponentially due to the growing need in both the public and private sectors for easy and secure identity verification solutions. Identity verification technology is implemented across numerous sectors, including banking, finance, retail, healthcare, transportation, and law enforcement, to enhance security, streamline operations, and optimize customer experiences.
BFSI organizations in Canada are subject to stringent regulatory requirements regarding customer authentication, data protection, and privacy. This technology helps banks and insurers comply with regulatory standards. Identity verification systems provide secure and compliant customer identification and authentication methods, ensuring that sensitive data is protected, and privacy rights are upheld. As per the data published in 2023 by the International Trade Administration, Canada’s banking industry contributed 3.6% (or US$55 billion) to Canada’s GDP. Additionally, as per the data published in 2023 by the International Trade Administration, the principal law enforcement agencies and the Mexican military (Army, Air Force, Navy, and the Secretary of Public Security and Citizen Protection or SSPC) will be funded by the national security and defense budget in 2023, which increased from USD 16.5 billion in 2022 to USD 17.8 billion. Hence, North America's growing BFSI and national security sectors are expected to boost the region's demand for such systems.
Free Valuable Insights: The Facial Recognition Market is Predict to reach USD 16.8 billion by 2031, at a CAGR of 14.5%
Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Deployment Mode, the market is segmented into On-premises, and Cloud. Based on Offering, the market is segmented into Software, Hardware, and Services. Based on Technology, the market is segmented into 3D, 2D, and Facial Analytics. Based on Application, the market is segmented into Access Control, Attendance Tracking & Monitoring, Security & Surveillance, Emotion Recognition, and Others. Based on Vertical, the market is segmented into Government, Media & Entertainment, Education, Healthcare & Lifesciences, Automobile & Transportation, Manufacturing, Retail & eCommerce, IT & Telecom, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- IDEMIA SAS (Advent International, Inc.)
- Microsoft Corporation
- NEC Corporation
- Thales Group S.A.
- 3M Company
- Cognitec Systems GmbH (Salto Systems, S.L.)
- Aware, Inc.
- Onfido Limited
- Animetrics
- Daon, Inc.
North America Facial Recognition Market Report Segmentation
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Deployment Mode
By Offering
- Software
- Hardware
- Services
By Technology
By Application
- Access Control
- Attendance Tracking & Monitoring
- Security & Surveillance
- Emotion Recognition
- Others
By Vertical
- Government
- Media & Entertainment
- Education
- Healthcare & Lifesciences
- Automobile & Transportation
- Manufacturing
- Retail & eCommerce
- IT & Telecom
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America Facial Recognition Market, 2020 - 2023, USD Million
TABLE 2 North America Facial Recognition Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Facial Recognition Market
TABLE 4 Product Launches And Product Expansions– Facial Recognition Market
TABLE 5 Geographical Expansions– Facial Recognition Market
TABLE 6 North America Facial Recognition Market by Organization Size, 2020 - 2023, USD Million
TABLE 7 North America Facial Recognition Market by Organization Size, 2024 - 2031, USD Million
TABLE 8 North America Large Enterprises Market by Region, 2020 - 2023, USD Million
TABLE 9 North America Large Enterprises Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Small & Medium Enterprises Market by Region, 2020 - 2023, USD Million
TABLE 11 North America Small & Medium Enterprises Market by Region, 2024 - 2031, USD Million
TABLE 12 North America Facial Recognition Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 13 North America Facial Recognition Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 14 North America On-premise Market by Region, 2020 - 2023, USD Million
TABLE 15 North America On-premise Market by Region, 2024 - 2031, USD Million
TABLE 16 North America Cloud Market by Region, 2020 - 2023, USD Million
TABLE 17 North America Cloud Market by Region, 2024 - 2031, USD Million
TABLE 18 North America Facial Recognition Market by Offering, 2020 - 2023, USD Million
TABLE 19 North America Facial Recognition Market by Offering, 2024 - 2031, USD Million
TABLE 20 North America Software Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Software Market by Country, 2024 - 2031, USD Million
TABLE 22 North America Hardware Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Hardware Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Services Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Services Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Facial Recognition Market by Technology, 2020 - 2023, USD Million
TABLE 27 North America Facial Recognition Market by Technology, 2024 - 2031, USD Million
TABLE 28 North America 3D Market by Country, 2020 - 2023, USD Million
TABLE 29 North America 3D Market by Country, 2024 - 2031, USD Million
TABLE 30 North America 2D Market by Country, 2020 - 2023, USD Million
TABLE 31 North America 2D Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Facial Analytics Market by Country, 2020 - 2023, USD Million
TABLE 33 North America Facial Analytics Market by Country, 2024 - 2031, USD Million
TABLE 34 North America Facial Recognition Market by Application, 2020 - 2023, USD Million
TABLE 35 North America Facial Recognition Market by Application, 2024 - 2031, USD Million
TABLE 36 North America Access Control Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Access Control Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Attendance Tracking & Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Attendance Tracking & Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Security & Surveillance Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Security & Surveillance Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Emotion Recognition Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Emotion Recognition Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 46 North America Facial Recognition Market by Vertical, 2020 - 2023, USD Million
TABLE 47 North America Facial Recognition Market by Vertical, 2024 - 2031, USD Million
TABLE 48 North America Government Market by Country, 2020 - 2023, USD Million
TABLE 49 North America Government Market by Country, 2024 - 2031, USD Million
TABLE 50 North America Media & Entertainment Market by Country, 2020 - 2023, USD Million
TABLE 51 North America Media & Entertainment Market by Country, 2024 - 2031, USD Million
TABLE 52 North America Education Market by Country, 2020 - 2023, USD Million
TABLE 53 North America Education Market by Country, 2024 - 2031, USD Million
TABLE 54 North America Healthcare & Lifesciences Market by Country, 2020 - 2023, USD Million
TABLE 55 North America Healthcare & Lifesciences Market by Country, 2024 - 2031, USD Million
TABLE 56 North America Automobile & Transportation Market by Country, 2020 - 2023, USD Million
TABLE 57 North America Automobile & Transportation Market by Country, 2024 - 2031, USD Million
TABLE 58 North America Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 59 North America Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 60 North America Retail & eCommerce Market by Country, 2020 - 2023, USD Million
TABLE 61 North America Retail & eCommerce Market by Country, 2024 - 2031, USD Million
TABLE 62 North America IT & Telecom Market by Country, 2020 - 2023, USD Million
TABLE 63 North America IT & Telecom Market by Country, 2024 - 2031, USD Million
TABLE 64 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 65 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 66 North America Facial Recognition Market by Country, 2020 - 2023, USD Million
TABLE 67 North America Facial Recognition Market by Country, 2024 - 2031, USD Million
TABLE 68 US Facial Recognition Market, 2020 - 2023, USD Million
TABLE 69 US Facial Recognition Market, 2024 - 2031, USD Million
TABLE 70 US Facial Recognition Market by Organization Size, 2020 - 2023, USD Million
TABLE 71 US Facial Recognition Market by Organization Size, 2024 - 2031, USD Million
TABLE 72 US Facial Recognition Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 73 US Facial Recognition Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 74 US Facial Recognition Market by Offering, 2020 - 2023, USD Million
TABLE 75 US Facial Recognition Market by Offering, 2024 - 2031, USD Million
TABLE 76 US Facial Recognition Market by Technology, 2020 - 2023, USD Million
TABLE 77 US Facial Recognition Market by Technology, 2024 - 2031, USD Million
TABLE 78 US Facial Recognition Market by Application, 2020 - 2023, USD Million
TABLE 79 US Facial Recognition Market by Application, 2024 - 2031, USD Million
TABLE 80 US Facial Recognition Market by Vertical, 2020 - 2023, USD Million
TABLE 81 US Facial Recognition Market by Vertical, 2024 - 2031, USD Million
TABLE 82 Canada Facial Recognition Market, 2020 - 2023, USD Million
TABLE 83 Canada Facial Recognition Market, 2024 - 2031, USD Million
TABLE 84 Canada Facial Recognition Market by Organization Size, 2020 - 2023, USD Million
TABLE 85 Canada Facial Recognition Market by Organization Size, 2024 - 2031, USD Million
TABLE 86 Canada Facial Recognition Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 87 Canada Facial Recognition Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 88 Canada Facial Recognition Market by Offering, 2020 - 2023, USD Million
TABLE 89 Canada Facial Recognition Market by Offering, 2024 - 2031, USD Million
TABLE 90 Canada Facial Recognition Market by Technology, 2020 - 2023, USD Million
TABLE 91 Canada Facial Recognition Market by Technology, 2024 - 2031, USD Million
TABLE 92 Canada Facial Recognition Market by Application, 2020 - 2023, USD Million
TABLE 93 Canada Facial Recognition Market by Application, 2024 - 2031, USD Million
TABLE 94 Canada Facial Recognition Market by Vertical, 2020 - 2023, USD Million
TABLE 95 Canada Facial Recognition Market by Vertical, 2024 - 2031, USD Million
TABLE 96 Mexico Facial Recognition Market, 2020 - 2023, USD Million
TABLE 97 Mexico Facial Recognition Market, 2024 - 2031, USD Million
TABLE 98 Mexico Facial Recognition Market by Organization Size, 2020 - 2023, USD Million
TABLE 99 Mexico Facial Recognition Market by Organization Size, 2024 - 2031, USD Million
TABLE 100 Mexico Facial Recognition Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 101 Mexico Facial Recognition Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 102 Mexico Facial Recognition Market by Offering, 2020 - 2023, USD Million
TABLE 103 Mexico Facial Recognition Market by Offering, 2024 - 2031, USD Million
TABLE 104 Mexico Facial Recognition Market by Technology, 2020 - 2023, USD Million
TABLE 105 Mexico Facial Recognition Market by Technology, 2024 - 2031, USD Million
TABLE 106 Mexico Facial Recognition Market by Application, 2020 - 2023, USD Million
TABLE 107 Mexico Facial Recognition Market by Application, 2024 - 2031, USD Million
TABLE 108 Mexico Facial Recognition Market by Vertical, 2020 - 2023, USD Million
TABLE 109 Mexico Facial Recognition Market by Vertical, 2024 - 2031, USD Million
TABLE 110 Rest of North America Facial Recognition Market, 2020 - 2023, USD Million
TABLE 111 Rest of North America Facial Recognition Market, 2024 - 2031, USD Million
TABLE 112 Rest of North America Facial Recognition Market by Organization Size, 2020 - 2023, USD Million
TABLE 113 Rest of North America Facial Recognition Market by Organization Size, 2024 - 2031, USD Million
TABLE 114 Rest of North America Facial Recognition Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 115 Rest of North America Facial Recognition Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 116 Rest of North America Facial Recognition Market by Offering, 2020 - 2023, USD Million
TABLE 117 Rest of North America Facial Recognition Market by Offering, 2024 - 2031, USD Million
TABLE 118 Rest of North America Facial Recognition Market by Technology, 2020 - 2023, USD Million
TABLE 119 Rest of North America Facial Recognition Market by Technology, 2024 - 2031, USD Million
TABLE 120 Rest of North America Facial Recognition Market by Application, 2020 - 2023, USD Million
TABLE 121 Rest of North America Facial Recognition Market by Application, 2024 - 2031, USD Million
TABLE 122 Rest of North America Facial Recognition Market by Vertical, 2020 - 2023, USD Million
TABLE 123 Rest of North America Facial Recognition Market by Vertical, 2024 - 2031, USD Million
TABLE 124 Key Information – IBM Corporation
TABLE 125 Key Information – Microsoft Corporation
TABLE 126 KEY INFORMATION – NEC Corporation
TABLE 127 Key Information – Thales Group S.A.
TABLE 128 Key Information – 3M Company
TABLE 129 Key Information – Cognitec Systems GmbH
TABLE 130 Key Information – Aware, Inc.
TABLE 131 Key Information – Onfido Limited
TABLE 132 Key Information – Animetrics
TABLE 133 Key Information – Daon, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Facial Recognition Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Facial Recognition Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions: 2022, Nov – 2024, Mar) Leading Players
FIG 8 Porter’s Five Forces Analysis - Facial Recognition Market
FIG 9 North America Facial Recognition Market share by Organization Size, 2023
FIG 10 North America Facial Recognition Market share by Organization Size, 2031
FIG 11 North America Facial Recognition Market by Organization Size, 2020 - 2031, USD Million
FIG 12 North America Facial Recognition Market share by Deployment Mode, 2023
FIG 13 North America Facial Recognition Market share by Deployment Mode, 2031
FIG 14 North America Facial Recognition Market by Deployment Mode, 2020 - 2031, USD Million
FIG 15 North America Facial Recognition Market share by Offering, 2023
FIG 16 North America Facial Recognition Market share by Offering, 2031
FIG 17 North America Facial Recognition Market by Offering, 2020 - 2031, USD Million
FIG 18 North America Facial Recognition Market share by Technology, 2023
FIG 19 North America Facial Recognition Market share by Technology, 2031
FIG 20 North America Facial Recognition Market by Technology, 2020 - 2031, USD Million
FIG 21 North America Facial Recognition Market share by Application, 2023
FIG 22 North America Facial Recognition Market share by Application, 2031
FIG 23 North America Facial Recognition Market by Application, 2020 - 2031, USD Million
FIG 24 North America Facial Recognition Market share by Vertical, 2023
FIG 25 North America Facial Recognition Market share by Vertical, 2031
FIG 26 North America Facial Recognition Market by Vertical, 2020 - 2031, USD Million
FIG 27 North America Facial Recognition Market share by Country, 2023
FIG 28 North America Facial Recognition Market share by Country, 2031
FIG 29 North America Facial Recognition Market by Country, 2020 - 2031, USD Million
FIG 30 Swot Analysis: IDEMIA SAS
FIG 31 SWOT Analysis: Microsoft Corporation
FIG 32 Recent strategies and developments: NEC Corporation
FIG 33 SWOT Analysis: NEC Corporation
FIG 34 SWOT Analysis: Thales Group S.A.
FIG 35 SWOT Analysis: 3M Company
FIG 36 SWOT Analysis: Cognitec Systems GmbH
FIG 37 SWOT Analysis: Aware, Inc.
FIG 38 SWOT Analysis: Onfido Limited
FIG 39 SWOT Analysis: Animetrics
FIG 40 Recent strategies and developments: Daon, Inc.
FIG 41 SWOT Analysis: Daon, Inc.