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(MoneyNewsWire.Net, August 17, 2016 ) Description-
About Facial Recognition
Facial recognition is a biometrics software technology that is used for individual identification and authentication. The identification and authentication process is carried out by comparing an individual's facial features, which are extracted from an image, with those stored in a database. Facial Recognition is used in the government, BFSI, and defense sectors for preventing unauthorized access to high-security areas as well as other private and public buildings.
Technavios analysts forecast the global facial recognition market to grow at a CAGR of 23.74% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global facial recognition market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of biometric solutions, including hardware, software, integrated solutions, and services related to facial recognition systems.
The market is divided into the following segments based on end-user:
Government
Transportation
BFSI
Others
Technavio's report, Global Facial Recognition market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
3M Cogent
Cognitec Systems
Gemalto
NEC
Safran
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Other prominent vendors
ArcSoft
Aurora Computer Services
Aware
FaceFirst
Fulcrum Biometrics
Google
Imagus Technology
KeyLemon
Lathem Time
Luxand
Netatmo
XID Technologies
Market driver
Emergence of residential and commercial security systems
For a full, detailed list, view our report
Market challenge
Privacy issues
For a full, detailed list, view our report
Market trend
Shift from 2D to 3D facial recognition
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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