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Facial Recognition Market is Trending with CAGR of 15.6%. by 2026, Key Players- 3M Company, Techno Brain, Cognitec Systems, Aware, Keylemon, Herta Security , Neurotechnology, Animetrics, Gemalto

09-07-2018 10:29 AM CET | IT, New Media & Software

Press release from: Amigo Market Reports

Facial Recognition Market is Trending with CAGR of 15.6%.

Industry Synopsis

Facial Recognition market is expected to grow from $4.05 billion in 2017 to reach $14.95 billion by 2026 with a CAGR of 15.6%. Factors such as rising applications in various industry sectors, growing smart phone implementation and increasing instances of identity threats are fueling the market growth. The major opportunities in the market are adoption of cloud-based technology solutions and increasing number of smart city projects across the world.

Sample Report Available with Current Market Trends @ https://www.amigomarketreports.com/sample-request/2724

Industry Overview

Facial recognition is a biometric technology capable of identifying or verifying
a person by comparing the facial features from an image with the stored facial database. Moreover, facial recognition is widely preferred over other biometric technologies, such as voice recognition, skin texture recognition, iris recognition and fingerprint scanning due to its non-contact process and easy deployment. Currently, this technology is majorly used for security and marketing purpose.

By component, services segment is expected to have considerable growth in this market owing to the rising information among enterprises regarding the characteristics of facial recognition technologies and growing need for a more safe biometric system. However, 3D facial recognition technology segment has a significant growth in this market during the forecast period. The 3D facial recognition technologies have a high potential to better accuracy, recognize, and authenticate the facial characteristics of individuals. The technologies are also used in application areas, such as cross-border monitoring, document verification, and identity management.

Based on geography, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Huge investments from the government sector toward security and surveillance infrastructure, improved public awareness, and the emergence of complicated technologies backed by analytics are some of the factors driving the market growth in this region.

Top Market Player’s

Some of the key players in the Facial Recognition market include 3M Company, Techno Brain, Cognitec Systems, Aware, Keylemon, Herta Security , Neurotechnology, Animetrics, Gemalto, Idemia, NEC, Ayonix, Nviso, NEC Corporation, Cross Match, FaceFirst, Inc., Google and XiD Technologies .

Discount Available on this Report @ https://www.amigomarketreports.com/discount-request/2724

Market Segments

Technologies Covered:

Databases, Facial Recognition Software and Sdk, Modeling and Restructuring, Analytics Solution, Middleware

Components Covered:

Services, Software Tools, Hardware

Use Cases Covered:

Attendance Tracking and Monitoring, Law Enforcement, Emotion Recognition, Access Control, Other Use Cases
Applications Covered:

Intelligent signage, Web Application, Photo Indexing and Sorting, Physical Security, Business Intelligence, ID Management,

End Users Covered:

Enterprises , Government , Transportation, Other End Users

Regions Covered:

North America, Europe, Asia Pacific, South America, Middle East & Africa

What our report offers:

1. Market share assessments for the regional and country level segments
2. Market share analysis of the top industry players
3. Strategic recommendations for the new entrants
4. Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
5. Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
6. Strategic recommendations in key business segments based on the market estimations
7. Competitive landscaping mapping the key common trends
8. Company profiling with detailed strategies, financials, and recent developments
9. Supply chain trends mapping the latest technological advancements.

For Detailed Information with Industry Insight @ https://www.amigomarketreports.com/home/report_details/2724

About Us

We offer the exclusive market research solution for all the industries by performing the comprehensive investigation of industry trends, globally. The Association in every industry such as Technology, Healthcare, Aerospace, Consumable Goods and others demands a market-based solutions for various vital decisions based on productivity.

Our main goal is to Boost and Associate organizations to Build everlasting strategic enhancement and recognize growth Purpose. The organization assists its clients to accomplish business policies and achieve Continuous growth in their respective market domain.

Contact Us

Amigo Market Reports
USA Office
1507 Nolan St,
San Antonio, TX,78202
United States
Toll Free +1 (707) 925 3368
Email : sales@amigomarketreports.com

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