|09-05-2018 12:13 PM CET - IT, New Media & Software||
Know How Face Recognition Systems Market is booming worldwide? Key players: NEC Corporation, Safran Group, Gemalto, Ayonix
Press release from: HTF Market Intelligence Consulting Pvt. Ltd.
HTF MI recently launched the Global Face Recognition Systems study with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Face Recognition Systems Forecast till 2025*.
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This report studies the Face Recognition Systems market, a face recognition system is a computer application capable of identifying or verifying a person from a digital image or a video frame from a video source. One of the ways to do this is by comparing selected facial features from the image and a face database.
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. Moreover, facial recognition systems that can scan images in all environmental conditions are being developed using 3D facial recognition technology. This would help overcome the barriers of 2D facial recognition technology that include light and pose deflections of the object. However, restrictions on users to share their personal details i.e. covert monitoring of an individual, is expected to hinder the market growth. Furthermore, increased adoption of facial recognition in web applications for picture tagging, social interaction, and others is expected to drive the demand for facial recognition in future.
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. 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.
In 2017, the global Face Recognition Systems market size was 530 million US$ and it is expected to reach 1430 million US$ by the end of 2025, with a CAGR of 13.2% during 2018-2025.
The in-depth information by segments of the Global Face Recognition Systems market helps monitor future profitability & to make critical decisions for growth. The information on trends and developments focuses on markets and materials, capacities, technologies, CAPEX cycle and the changing structure of the Global Face Recognition Systems Market.
Professional Key players: NEC Corporation, Safran Group, Gemalto, Ayonix, Crossmatch Technologies & Aware Inc
Global Face Recognition Systems Product Types In-Depth: , 2D Face Recognition, 3D Face Recognition & Thermal Face Recognition
Global Face Recognition Systems Major Applications/End users: Emotion Recognition, Law Enforcement, Surveillance, and Monitoring & Others
The Global Face Recognition Systems is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR XX% during 2018-2025.
Geographical Analysis: United States, Europe, China, Japan, Southeast Asia & India
** For global version, list of countries by region can be added as part of customization at minimum cost.
North America (Country)
Central & South America (Country)
Middle East & Africa (Country)
In order to get a deeper view of Market Size, competitive landscape is provided i.e. Revenue (Million USD) by Players (2013-2018), Revenue Market Share (%) by Players (2013-2018) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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In this study, the years considered to estimate the market size of Global Face Recognition Systems are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
Key Stakeholders/Global Reports:
Face Recognition Systems Manufacturers
Face Recognition Systems Distributors/Traders/Wholesalers
Face Recognition Systems Subcomponent Manufacturers
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What this Research Study Offers:
Global Face Recognition Systems Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 5 years of all the mentioned segments, sub-segments, and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements...Continued
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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