Face Recognition Systems Market 2018 to Grow at 13.0% CAGR - Analysis by Trends, Top Key Players and Forecast to 2023
The global facial recognition market is analyzed on the basis of parameters such as type of technology, end-use industry and geographic regions. Of the different technology types, the 2D facial recognition technology segment contributed a significant revenue share about 59.67% in the global market in 2016. This is due to the adoption and acceptance of 2D facial recognition technology in surveillance, which is primarily due to its low cost and easy installation using existing cameras.
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Scope of the Report:
This report studies the Face Recognition Systems market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Face Recognition Systems market by product type and applications/end industries.
Currently, the market is primarily driven by robust technological advancements for development of efficient surveillance systems required by civil and government agencies. This is due to rising instances of criminal and terrorist activities and identification of fraud cases across the globe.
The market for 3D facial recognition technology, that offers better and accurate results, is expected to record steady growth as compared to 2D technology. Furthermore, the facial recognition market is witnessing development of facial analytics systems that help generate descriptive metadata about a given face, apart from simple identification. This has resulted in the use of facial recognition technique as both identification and authentication tools.
Complete report on Face Recognition Systems market report spread across 134 pages, profiling 6 companies and supported with tables and figures. Inquire more @ https://www.orianresearch.com/enquiry-before-buying/597622
Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. The report focuses on global major leading Face Recognition Systems Industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Face Recognition Systems industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.
The global Face Recognition Systems market is valued at 530 million USD in 2017 and is expected to reach 1100 million USD by the end of 2023, growing at a CAGR of 13.0% between 2017 and 2023.
Analysis of Face Recognition Systems Industry Key Manufacturers:
• NEC Corporation
• Safran Group
• Crossmatch Technologies
• Aware Inc.
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Market Segment by Type, covers
• 2D Face Recognition
• 3D Face Recognition
• Thermal Face Recognition.
Market Segment by Applications, can be divided into
• Emotion Recognition
• Law Enforcement, Surveillance, and Monitoring
Table of Contents
1 Market Overview
2 Manufacturers Profiles
3 Global Face Recognition Systems Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
4 Global Face Recognition Systems Market Analysis by Regions
5 North America Face Recognition Systems by Countries
6 Europe Face Recognition Systems by Countries
7 Asia-Pacific Face Recognition Systems by Countries
8 South America Face Recognition Systems by Countries
9 Middle East and Africa Face Recognition Systems by Countries
10 Global Face Recognition Systems Market Segment by Type
11 Global Face Recognition Systems Market Segment by Application
12 Face Recognition Systems Market Forecast (2018-2023)
13 Research Findings and Conclusion
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