Facial Recognition Market, by Technology Type (2D Facial Recognition,3D Facial Recognition,Facial Analytics)
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.
Get More Information : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1910
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 in the global market in 2014. 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.
Facial recognition technology, primarily used for human face detection and identification helps in better surveillance at a particular location where strict people movement monitoring is required. Thus, this technology has wide acceptance across industry verticals namely government and utilities, military, homeland security, banking, financial services, and insurance (BFSI), retail, and others. In 2014, the government and utilities segment recorded the highest market revenue share as compared to other end-use industries. This is due to the growing security threats at government organizations and departments coupled with the demand for better authentication systems to minimize crimes related to identification (ID) frauds. Apart from its wide use in border control, facial recognition is extensively used for law enforcement in order to covertly monitor people. However, in future, facial recognition is expected to be used as authentication method in various handheld devices such as laptops, computers, and smart phones. Furthermore, retail industry is expected to witness rapid adoption of facial recognition in terms of security as well as surveillance to monitor customer behavior.
Geographically, North America dominated the global facial recognition market in 2014 and accounted for around 38% share of the total market in the same year. Further, the Asia-Pacific region with major markets such as Australia, Japan, South Korea, India, China, Malaysia, and Singapore, is expected to record steady growth as compared to other regions in later years of the forecast period. Other countries such as Mexico, Brazil, and few of the Middle Eastern countries are expected to witness wide adoption of facial recognition technology.
The facial recognition market is dominated by players such NEC Corporation, Safran Group, Cognitec Systems, Aware Inc., Cross Match Technologies Inc., 3M Cogent Inc., Animetrics, Inc., Ayonix, Inc., FaceFirst Inc. (Airborne Biometrics Group Inc.), ZK Software, and Aurora Computer Services Ltd. Of these, NEC Corporation, Cognitec Systems, and Safran Group (Morpho S.A.) held a significant revenue share in the global facial recognition market.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Website: http://www.transparencymarketresearch.com 700
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Facial Recognition Market, by Technology Type (2D Facial Recognition,3D Facial Recognition,Facial Analytics) here
News-ID: 437103 • Views: 512
More Releases from TMR
Wood Activated Carbon Market Outlook 2029: Trends, Segmentation, Growth and Comp …
Wood Activated Carbon Market – Snapshot Coal is a key non-renewable raw material that has been used for the production of activated carbon over the last few years. Coal is extensively consumed in other core industrial applications, such as power generation. Therefore, alternate sources of raw materials, such as wood, are likely to gain momentum in the near future. Activated carbon produced from wood has significant carbon content and lesser inorganic
2 Ethylhexanoic Acid Market Future Developments, Business Insights, End Users, A …
2-Ethylhexanoic Acid Market – Snapshot 2-Ethylhexanoic acid, a member of the medium-chain fatty acids family, occurs as a light-yellow-colored liquid with mild odor. It is commonly used in the preparation of metal derivatives that are soluble in non-polar organic solvents. Metal derivatives thus produced are used as catalysts in polymerization reactions. 2-Ethylhexanoic acid is generally used in esters for polyvinylbutyral film plasticizers and synthetic lubricants, in metal salts for paint dryers,
Plant Growth Regulators Market by Top Manufacturers, Types and Applications 2018 …
Manufacturers of Plant Growth Regulators Continue to Uptake Growing Investments in Agriculture Sector Plant growth regulators have been gaining a marked popularity, in agriculture-driven economies, as bio-stimulants or bio-inhibitors that modify the physiological processes of plants. As agriculture becomes more mechanized and scientific development ensures the possibilities of using novel inputs to improve production, demand for plant growth regulators continue to increase, with sales of approximately US$ 5,600 million in 2018.
Latest Research Report to uncover key Factors of Global Aviation Lubricants Mark …
Lightweight Construction Materials: Introduction • Lightweight construction materials have lower density than water; however, their strength-to-weight ratio is higher than that of aluminum or steel • Modern materials including composite materials used for lightweight construction are employed across all industrial sectors in order to reduce production costs, improve product quality and functionality, and increase resilience. Additionally, the use of lightweight construction materials helps optimize production processes and the use of materials in order to
More Releases for Facial
INTRODUCING THE FIRE & ICE FACIAL!
Dr. John A. Perrotti, top New York City plastic surgeon is thrilled to introduce the Fire & Ice Facial. Known in Hollywood as the Red Carpet Facial, this one of a kind facial has one of a kind results! Limited time offer only $149! The FIRE & ICE Facial reduces fine lines and wrinkles and smooths, softens, and encourages cellular renewal with two innovative masques. Get the same results as a quality
Facial Recognition Market by Technology (2D Facial Recognition, 3D Facial Recogn …
Facial recognition technologies include 2D, 3D, and facial analytics. The 3D facial recognition technology segment holds a significant share in thefacial recognition market, owing to its high accuracy in terms of recognizing facial features as compared to the 2D facial recognition technology. This segment is expected to witness the fastest growth rate during the forecast period. 2D technology is also widely used due to its low installation cost and operational
Global Facial Recognition Market
Global Facial Recognition Market – Global Industry Analysis and Forecast (2017-2026) _ by Component, by Technology, by Use Case, by End-Use, and by Geography Global Facial Recognition Market is expected to grow from US$ 3.32 Bn in 2017 to US$ 12.20 Bn by 2026, at a CAGR of 13.9% between 2017 and 2026. (Detailed analysis of the market CAGR is provided in the report) The facial recognition system is bio-metric technology or
Facial Implants Market - Global Industry Insights, 2025
Facial implants is a type of cosmetic surgery, which involves an advanced technology to improve a physical appearance in case of various abnormalities by birth or acquired such as cancer and accidents. The approach of facial implant basically refers to a type of surgical intervention where specially designed medical devices are placed inside the body to replace the damaged part and regain their appearance. Furthermore, medical devices for facial implants
Global Facial Injectable Market – Forecast, 2013-2021
Facial Injectable Market Wiseguyreports.Com Adds “Facial Injectable Market -Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022” To Its Research Database. Description: Facial Injectable products, also known as dermal fillers are products that help in trending applications such as bioengineering or facial rejuvenation. With age, facial skin is bound to lose subcutaneous fat naturally and
Facial Injectable Market Application: Facial Surgery, Facial Uplift
Learning Objectives: • To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Facial Injectable market • To provide insights about factors affecting the market growth • To analyze the Facial Injectable market based on various factors- price analysis, supply chain analysis, porters five force analysis etc. • To provide historical and forecast revenue of the market segments and sub-segments with respect