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Publication: May 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42255 
  Pages: 110+  

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

 May 2024   

Malaysia AI Facial Recognition Market Snapshot

Malaysia AI Facial Recognition Market

  • The revenue forecast for the Malaysia AI facial recognition market in 2024, stands at an estimated US$ 27.3 Million.
  • Furthermore, projections indicate that the market is poised for sustained growth, with an anticipated annual growth rate of 14.5% from 2024 to 2032, as denoted by the Compound Annual Growth Rate (CAGR).
  • In terms of market segmentation, hardware emerges as the dominant segment, commanding a market value of US$ 12.7 Million in 2024.
  • Additionally, by 2024, IT and Telecom vertical is predicted to play a significant role, contributing 35.5% of the total revenue in the Malaysia AI facial recognition market.

Malaysia AI Facial Recognition Industry Coverage

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Component

Hardware

Software

Service

Deployment Model

Cloud-based

On-premise

Technology

Object Recognition

Facial Recognition

Optical Character Recognition (OCR)

Pattern Recognition

Action Recognition

End Users

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other