Research Beam added a report “Facial Recognition Market Outlook – Global Trends, Forecast, and Opportunity Assessment (2014-2022)”
The Global Facial Recognition Market is projected to reach $8.74 billion by 2022 growing at a CAGR of 17.8% during the forecast period 2014 t2022. Growing Surveillance Market is the key factor fueling the market growth. However, interoperability is inhibiting the facial recognition market. Differentiating between similar faces or appearances poses a major market challenge.
3D facial recognition technology is anticipated to observe much quicker adoption compared to the 2D facial recognition technology in the close future owing to rising technological advancements. The government sector and law enforcement agencies majorly use facial recognition systems for protection purposes. In addition, owing to the increase in frauds in the BFSI sector, facial recognition systems are being progressively used in this sector to ensure security and lessen crimes. Moreover, facial analytics systems are used in the retail industry to find out the age, gender, and facial expressions of the customers in order to target them for marketing suitable products of the concerned company.
The key players in Global Facial Recognition market are NEC Corporation, Cross Match Technologies Inc., Animetrics, Inc., Cognitec Systems, Safran Group (MorphS.A.), Aware Inc., Ayonix, Inc., 3M Cogent Inc., FaceFirst Inc. and ZK Software.
What our report offers:-
Table of Content
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Facial Recognition Market, By Technology
6 Global Facial Recognition Market, By Service
7 Global Facial Recognition Market, By Industry
8 Global Facial Recognition Market, By Software
9 Global Facial Recognition Market, By Hardware
10 Global Facial Recognition Market, By Geography
11 Key Developments
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