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Facial Recognition Industry 2020: Study Growth Factors, Types and Applications with Market Forecasts

Thursday, October 6, 2016 3:24
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The Global Facial Recognition Market report covers the present scenario and the growth prospects of the Facial Recognition 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 Facial Recognition Market to grow at a CAGR of 23.74% during the period 2016-2020.

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.

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The report provides a basic overview of the Facial Recognition including definitions, classifications, applications and market Sales chain structure. The Facial Recognition report enlists several important factors, starting from the basics to advanced market intelligence which play a crucial part in strategizing.

Facial Recognition Market Opportunities:
With a purpose of enlightening new entrants about the possibilities in this market, this report investigates new project feasibility. Various details about the manufacturing process such as market drivers, impact of drivers, market challenges and impact of drivers and challenges, market trends, vendor landscape analysis and so on, is discussed in the report.

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The market is divided into the following segments based on end-user:

• Government

• Transportation

• BFSI

• Others

 

Top players in Facial Recognition Industry
• 3M Cogent

• Cognitec Systems

• Gemalto

• NEC

• Safran

Other prominent vendors
• ArcSoft

• Aurora Computer Services

• Aware

• FaceFirst

• Fulcrum Biometrics

• Google

• Imagus Technology

• KeyLemon

• Lathem Time

• Luxand

• Netatmo

• XID Technologies

The Facial Recognition is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
 

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In the end, the report makes some important proposals for a new project of Facial Recognition Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2016-2020 global Facial Recognition industry covering all important parameters.

Factors driving Facial Recognition market
• Emergence of residential and commercial security systems
• Other

Challenges faced by key vendors that restrain Facial Recognition Industry
• Privacy issues

• Other

Rising trends in market
• Shift from 2D to 3D facial recognition
• Other

Key questions answered in this Facial Recognition 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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