Posted On: 2019-09-25
Law enforcement application leads the Facial Authentication Systems Market in Middle East – 6Wresearch
Middle East facial authentication systems market is anticipated to witness a steady growth during the forecast period. Projects such as Dubai expo 2020, Oyoon project and government spending on security systems are expected to boost the demand for facial authentication systems during the forecast period.
According to 6Wresearch, Middle East Facial Authentication Systems Market is expected to grow at a CAGR of 9.7% during 2019-25. Though, the oil and gas sector would continue to play an important role in the overall growth of several Middle Eastern countries, efforts are being made to diversify the non- oil sectors of the economy particularly in law enforcement and border control areas which would drive the market for facial authentication systems over the coming years.
Saudi Arabia holds the highest market share in Middle East region for facial authentication systems market primarily due to increasing tourist footfall in the country which requires the installation of such systems for the security of the holy places such as Makkah & Madina from various threats.
According to Kanchan Negi, Senior Research Analyst, Research and Consulting, 6Wresearch,."Market for facial authentication systems in Middle East is at a nascent stage. Strict rules and regulations imposed by government related to the security and several restrictions imposed on women are some of the major factors behind the low adoption rate of such technology across the Middle Eastern countries.
According to Mansi Bisht, Research Associate, Research and Consulting, 6Wresearch, UAE facial authentication systems market is expected to witness significant growth over the coming few years owing to the emirates higher technological adoption rate and upcoming projects across the areas such as law enforcement and border control.
Some of the key players in Middle East facial authentication systems market include: NEC Corporation, Idemia France SAS, Thales Group, Vision Box and Hikvision Digital Technology Co., Ltd.
"Middle East Facial Authentication Systems Market (2019-2025)" provides an in-depth analysis with 40 above figures covered in more than 100 pages. The report estimates and forecast the overall Middle East facial authentication systems market by revenues, component types, applications, and countries that include UAE, Saudi Arabia and Turkey. The report also gives insights on market ranking by companies, company profiles, market drivers, restraints, and recommendations.