Facial Recognition Market 2018 Key Players are Aware, Cross Match Technologies, FaceFirst, 3M, Cognitec Systems GmbH, Ayonix

Market Overview: -

Facial Recognition Market set to experience a substantial growth during the forecast time-span owing to the high penetration in the commercial and government sectors for work enhancement and security management purposes. Rampant crime and terroristic activities across the world have led to government bodies, such as the FBI, CIA and other law enforcement agencies, in undertaking stringent counter-measures for the identification of criminals and offenders post the occurrence of a crime.

In high-risk locations, such as public events and rallies and public transit locations with a high proclivity for terroristic activities, the technology provided by facial recognition market vendors is more beneficial than the conventional video surveillance systems as these can cross reference facial points with the data stored in the criminal database and identify the potential dangers.

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Top Key Players: -

Players operating in the facial recognition market include Aware, Inc., Cross Match Technologies, Inc., FaceFirst, Inc., 3M, Cognitec Systems GmbH, Ayonix, Safran Group, Animetrics, Inc., Daon, and others.

Market share calculation in this report is not done based on companies covered in it. The calculation of facial recognition market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentation: -

The industrial and retail sector in the Asia Pacific countries including China and India is anticipated to experience a high growth owing to which companies are increasingly adopting this software to control the access of their employees. Furthermore, governments of various economies have undertaken initiatives aiding in the growth of the facial recognition market.

For instance, in July 2017, the Australian government had awarded a contract of USD 22.5 million for airports to Vision-Box. The U.S. facial recognition market is anticipated to dominate owing to the large-scale smartphone penetration and the need to provide security solutions.

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The global annual IP traffic is anticipated to cross the two-zettabyte threshold with video content accounting for more than 75% of the global consumer internet traffic. Several web service providers are constructing and using the hyperscale facilities to process, transcode, and ingest videos, which will have a substantial impact on the hyperscale data center market growth over the coming years.

The IT & telecom sector accounted for the majority of the industry share owing to the rise in the demand for the video and mobile services. With the increase and advent of several IT services, the amount of data to be stored and managed is increasing rapidly. Several IT & telecom operators are investing heavily in these facilities to expand their market share in the untapped regions, thereby providing an impetus to the hyperscale data center market.

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