Skip to main content
  1. Market Insights
  2. Technology
  3. Artificial Intelligence
  4. Computer Vision

Facial Recognition - Morocco

Morocco
  • The market size in the Facial Recognition market is projected to reach US$6.77m in 2024.
  • The market size is expected to show an annual growth rate (CAGR 2024-2030) of 9.35%, resulting in a market volume of US$11.57m by 2030.
  • In global comparison, the largest market size will be United States (US$1.32bn in 2024).

Definition:
Facial recognition, as part of computer vision, is a technology that involves the identification and verification of individuals by analyzing and comparing unique facial features. It uses algorithms to capture, analyze, and match facial patterns from images or video frames. By extracting key facial landmarks and characteristics, such as the distance between the eyes, the shape of the nose, and the contours of the face, facial recognition systems can accurately recognize and authenticate individuals. The applications for this technology are diverse and include the areas of access control, surveillance, user authentication, and personalized experiences in digital platforms.

Additional Information:

The market comprises two key performance indicators: market sizes and market sizes by industry. Market sizes are generated by the funding amount of Computer Vision companies. Key players of the market include companies such as Nvidia, Intel, and IBM.

For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Technologies that use machine learning algorithms to analyze and identify human faces in digital images and/or videos, such as face detection and recognition software
  • Products and services that use facial recognition technology, such as security systems, mobile devices, and augmented reality apps.

Out-Of-Scope

  • Technologies that do not rely on facial recognition, such as voice recognition and image recognition technologies that do not specifically target faces
  • Products and services that do not use facial recognition technology, such as physical goods and traditional customer service support.
Artificial Intelligence: in-depth market analysis - Cover

Market Insights report

Artificial Intelligence: in-depth market analysis

Study Details

    Value

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Market Size

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Facial Recognition market in Morocco has seen subdued growth due to various factors such as limited adoption of digital technologies, low awareness about the benefits of facial recognition, and concerns about privacy and security. However, with the increasing use of AI in various industries, the Computer Vision market is expected to drive growth in the Facial Recognition market as well. The convenience offered by online health services is also expected to contribute to the growth of this market.

    Customer preferences:
    As Morocco continues to invest in digital infrastructure and technology, there has been a growing demand for facial recognition in various sectors, including banking, security, and retail. This has been driven by the increasing adoption of e-commerce, the need for efficient and secure identification systems, and the desire for contactless transactions. Additionally, with a growing tech-savvy population and increasing smartphone penetration, facial recognition is set to become a key component of daily life in Morocco.

    Trends in the market:
    In Morocco, the Facial Recognition Market within the Computer Vision Market of the Artificial Intelligence Market is experiencing a surge in demand due to the country's increasing focus on security and surveillance. Additionally, there is a growing trend of using facial recognition technology in various industries, such as banking and retail, to enhance customer experience and streamline operations. This trend is expected to continue as the government invests in advanced technology and the private sector adopts it to stay competitive. However, concerns over data privacy and potential bias in the technology are potential challenges that may need to be addressed in the future.

    Local special circumstances:
    In Morocco, the Facial Recognition Market of the Computer Vision Market within the Artificial Intelligence Market is driven by the government's push for digital transformation and modernization. The country's strategic location at the crossroads of Europe, Africa, and the Middle East also makes it a key player in the development of facial recognition technology. Additionally, the country's growing tech sector and investments in AI research and development have created a favorable environment for the adoption of facial recognition solutions in various industries, such as retail, banking, and security. Morocco's unique cultural and religious background also plays a role in shaping the market, as companies must navigate privacy concerns and address cultural sensitivities when implementing facial recognition technology.

    Underlying macroeconomic factors:
    The Facial Recognition Market of the Computer Vision Market within the Artificial Intelligence Market in Morocco is influenced by various macroeconomic factors. One key factor is the country's economic health, as a stable economy with strong investment prospects can drive demand for advanced technologies like facial recognition. Another important factor is government policies and regulations, as a supportive regulatory environment can encourage the adoption of facial recognition solutions. Additionally, global economic trends, such as increasing digitalization and the rise of e-commerce, are creating a favorable market landscape for facial recognition technology in Morocco. Furthermore, the country's increasing focus on smart city initiatives and digital transformation is also expected to drive the demand for facial recognition solutions in various sectors, such as security and surveillance, transportation, and retail.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

    Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

    Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

    Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

    Technology

    Access more Market Insights on Technology topics with our featured report

    Artificial Intelligence: in-depth market analysis - BackgroundArtificial Intelligence: in-depth market analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Artificial intelligence (AI) worldwide - statistics & facts

    Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.
    More data on the topic

    Explore more high-quality data on related topic

    Artificial intelligence (AI) in the U.S. - statistics & facts

    Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.