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Publication: May 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42254 
  Pages: 110+  

India AI Facial Recognition Market Analysis, Size, and Forecast by Component, Deployment Model, Technology, and End Users: 2019-2032

Report Format: PDF DataSheet |   Pages: 110+  

 May 2024  | 

India AI Facial Recognition Market Snapshot

India AI Facial Recognition Market

  • DataCube Research foresees the India AI facial recognition market making significant strides on the global stage, with projected revenue reaching US$ 110.5 Million by 2024. Moreover, our analysis indicates a promising trajectory, an anticipated CAGR of 15.9% from 2024 to 2032 to reach US$ 360.7 Million by 2032.
  • Within the Indian AI facial recognition market, our research highlights the dominance of the hardware segment, which claimed the largest market share of 48.4% in 2023. This underscores the segment's robust position and potential for continued growth.
  • In our projections, we also pay close attention to end user dynamics. We anticipate the healthcare sector to emerge as a key driver of growth, expanding with a fastest CAGR of 17.3% during the forecast period spanning 2024 to 2032.

India AI Facial Recognition Industry Coverage

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2024

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Component

Hardwar

Softwar

Servic

Deployment Model

Cloud-base

On-premis

Technology

Object Recognitio

Facial Recognitio

Optical Character Recognition (OCR

Pattern Recognitio

Action Recognitio

End Users

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other


*Research Methodology: This report is based on DataCube’s proprietary 3-stage forecasting model, combining primary research, secondary data triangulation, and expert validation. [Learn more]