The United States Facial Recognition Market is expected to reach a CAGR of 14.3% during the forecast period (2020-2025). The United States is expected to hold a prominent share in the facial recognition market owing to lucrative opportunities in the region, exhibiting a massive demand for facial recognition technology for homeland security and criminal investigation.
– Government initiatives are expected to contribute to the double-digit growth of such technologies. For instance, the US government has plans to reshape airport security through facial recognition, to register and identify the visitors. Additionally, several North American Free Trade Agreement (NAFTA) member banks have mandated the use of facial and voice recognition technologies for online identity verification. Companies have also been collaborating with federal governments to implement the technology for their surveillance and identity management.
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– Apart from the government, United States companies are also taking advantage of this facial recognition technology. For instance, IntelliVision launched a new version of its facial recognition technology as a cloud service. Face recognition as a Service (FRaaS) offers to match in less than a second and provides analytical capacity when on-camera processing is not enough. Such developments are increasing the applicability of facial recognition in complex business scenarios, thus contributing to the growth of the market.
Key Market Trends
Increasing Demand for Surveillance Systems to Enhance Safety and Security
– The demand for surveillance as part of access control is on the rise in the private sector, the level of authentication offered by facial recognition in the space is driving the demand. Enterprises are using technology as a means to ensure only authorized individuals get into facilities such as bank vaults, training centers, board rooms, server rooms, and other sensitive locations.
– Moreover, the most significant facial recognition surveillance system in the region is operated by the FBI. The FBI’s ID system maintains a facial recognition database with images of more than 117 million Americans. The FBI conducts, on average, 4,055 searches every month to identify individuals with facial recognition systems. The US Customs and Border Protection is using a facial recognition system to identify and stop criminals and terrorists at the border. Its new facial comparison biometric system looks at the traveler and compares them to the passport photo.
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