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Publication: May 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42235 
  Pages: 110+  

Nordics 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  | 

Nordics AI Facial Recognition Market Snapshot

Nordics AI Facial Recognition Market

  • Predictions indicate that revenue in the Nordics AI facial recognition market will attain US$ 199.2 Million by the end of 2024.
  • The revenue growth within the AI facial recognition market in Nordics is projected to demonstrate a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period (2024-2032), reaching US$ 355.3 Million in 2032.
  • Within the component segment, the hardware is expected to maintain dominance in 2024, capturing 47.5% market share in the country.
  • By 2032, in the Nordics AI facial recognition market 35.2% of the total revenue is predicted to be generated by IT and Telecom end user.

Nordics 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


*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]