Posted On: 2019-09-17
Germany and Russia would emerge as the key contributing countries in the overall Europe facial authentication systems market during the forecast period– 6Wresearch
Europe is the third largest revenue generating region in global facial authentication systems market. In Europe, countries such as Germany, France and Russia are the key contributors to the overall growth of the Europe’s facial authentication systems market in 2018.
According to 6Wresearch, Europe facial authentication systems market is expected to grow at a CAGR of 11.2% during 2019-25. Europe is an advanced market for facial authentication systems but the GDPR rules (General Data Protection Regulations) could be a major restraint in future for such systems especially in law enforcement area. However, its usage in other areas are widely accepted.
Eurotunnel project between France and UK emerged as one of the first non-airport border control application for facial authentication systems in Europe. Such projects are projected to spur the demand for facial authentication systems in other European countries over the coming years.
According to Kanchan Negi, Senior Research Analyst, Research and Consulting, 6Wresearch," Russia is emerging as a key growing country in the European facial authentication systems market, owing to increasing security & IT spending by the government. Also, FIFA World Cup 2018 contributed heavily to the facial authentication systems market in Russia and deployment of the facial recognition technology in several airports of the country as well as integration with CCTV cameras around the Moscow city would further boost the market for such systems in Russia.
According to Mansi Bisht, Research Associate, Research and Consulting, 6Wresearch, Commercial & service-based application area would emerge as one of the major applications of the facial authentication systems. With upcoming project such as FACCESS project 2020, the facial authentication systems would be installed across the banking sectors for security & surveillance and to prevent identity theft.
Some of the key players in Europe facial authentication systems market include: NEC Corporation, Idemia France SAS, Thales Group and Hikvision Digital Technology Co., Ltd., NTech Lab
"Europe Facial Authentication Systems Market (2019-2025)" provides an in-depth analysis with 50 above figures covered in more than 150 pages. The report estimates and forecast the overall Europe facial authentication systems market by revenues, component types, applications, and countries including Russia, UK, France and Germany. The report also offer insights on market ranking by companies, company profiles, market drivers, restraints, and recommendations.