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Western Europe AI Facial Recognition Market | Analysis 2019-2032

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

Report Format:     | Pages: 160+
Type: Niche Industry Monitor | ID: AI42221  | Publication: Updated May 2024  |  US$1,345  |  

 May 2024

Western Europe AI Facial Recognition Market Snapshot

Western Europe AI Facial Recognition Market

  • In 2023, the Western Europe AI facial recognition market was valued at US$ 1.09 Billion, which is estimated to increase to US$ 1.22 Billion in 2024, reflecting a year-on-year growth rate of 12.2%.
  • By the end of 2032, the Western Europe AI facial recognition market is forecast to reach US$ 2.30 Billion, registering a CAGR of 8.2% during the forecast period.
  • In 2024, the hardware segment is projected to experience a significant upsurge in market revenue, reaching US$ 563.4 Million segment is likely to be the largest segment, with 46.1% market share.
  • In terms of spending on facial recognition solutions and services, IT and Telecom sector dominated the Western Europe AI facial recognition market in 2023.

Western Europe 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

 

Western Europe AI Facial Recognition Market: Country Coverage

 

Countries Covered

Western Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Rest of Western Europe
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