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South Korea AI Facial Recognition Market | Analysis 2019-2032

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

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: AI42253  | Publication: May 2024  |  US$925  |  

South Korea AI Facial Recognition Market Snapshot

South Korea AI Facial Recognition Market

  • It's evident that the South Korea AI facial recognition market is on track to reach an impressive US$ 105.9 Million in revenue by 2024.
  • This growth trajectory is underpinned by an expected Compound Annual Growth Rate (CAGR) of 9.2% from 2024 to 2032, as forecasted by DataCube Research.
  • When analyzing the dynamics within South Korean AI facial recognition market landscape, it becomes apparent that the hardware segment carries significant potential. Projections suggest that by 2032, this segment will assert its dominance, boasting a market value of US$ 93.9 Million.
  • Looking ahead, industry experts are optimistic about the future of the healthcare sector. Throughout the forecast period, this sector is anticipated to undergo the most rapid expansion in terms of revenue generation, with a 10.5% Compound Annual Growth Rate (CAGR).

South Korea 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
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