[FURL=https://www.industryarc.com/Report/19438/driver-facial-analytics-market.html?utm_source=freeprnow&utm_medium=pressrelease&utm_campaign=paidpressrelease]Driver Facial Analytics market[/FURL] is anticipated to reach $7.9 billion by 2026 at a CAGR of 13.2% during the forecast period 2021-2026. The systematic computational analysis of data based on a person's face is characterized as Face Analytics. Biometrics technology, access control, image recognition technology, emotion recognition are just a few of the applications available in face analytics software. The rising relevance of the surveillance sector, increased government investment in face recognition technology, and increasing technical progress across industrial verticals are the main drivers driving the growth of the driver face analytics market.Key Takeaways
Technological advancements and trend towards incorporation of advanced driver assistance system propels the market growth.
Driver facial analytics software segment is anticipated to witness significant market growth during 2021-2026 owing to cost efficiency, faster data analysis and others.
China is one of the leading users and exporters of face recognition software. One of the key factors for the growth of the face recognition market in the APAC region is the government's use of surveillance technology.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=19438[/FURL]
Driver Facial Analytics Market Segment Analysis- By Geography
APAC region is anticipated to witness significant amount of growth with a CAGR of 15.1% in the forecast period 2021-2026. Increased road accidents or fatalities in the region as a result of driver distractions, as well as governmental measures to improve transportation security, are all contributing reasons to market growth in this region. Furthermore, technological advancements such as the incorporation of artificial intelligence, the Internet of Things, and other technologies to improve automotive safety, the growing adoption of security or surveillance cameras on roads to address reports of over speeding and crash incidents, and investments in facial recognition technology to improve ride hailing services over time can all help to fuel market growth in the long run.
Driver Facial Analytics Market Drivers
Increasing concerns for safety drives the market growth for Driver Facial Analytics.
Technological advancements such incorporation of artificial intelligence and others tends to boost the market growth during the forecast period.
Driver Facial Analytics Market Landscape
Driver Facial Analytics top 10 companies include Cognitec Systems GmbH, Panasonic Corporation, NEC Corporation, Ayonix Corporation, Amazon Web Services, Kairos AR Inc., SightCorp Inc., Microsoft Corporation, IntelliVision Corp., Affectiva, among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.