Facial Recognition Market Examined by MarketsandMarkets in Research Report Recently Published at MarketPublishers.com09 Jun 2015 • by Natalie Aster
LONDON – Potential benefits of the facial recognition technologies explain an immense increase of the global facial recognition market. Furthermore, the global facial recognition market is anticipated to follow an upward trend in the upcoming years driven by the rising demand for these technologies from various end-use sectors (advanced facial recognition technologies solve the most crucial problem, security concerns, of the end-users). The availability of facial recognition technology is vast among such end users as government, enterprises, utilities sector and consumers and home.
By 2020, the worldwide facial recognition market is anticipated to reach the value of USD 6.19 billion, registering a 17.4% CAGR during the next 5 years. In comparison, the current market value is estimated at around USD 2.77 billion. The market is predicted to be led by the North American region in terms of the market size. Meanwhile, fast market growth is likely to be observed in the APAC and MEA regions through 2020.
The dominant companies enjoying substantial shares of the world facial recognition market include, but are not limited to Cognitec Systems, 3M, Daon Inc, RCG Holding, XID technologies, NEC Corporation.
Insightful market research publication “Facial Recognition Market by Solution (2D, 3D, Thermal, Emotion, Forensic), by Software (Middleware, Databases), by Hardware (Cameras, Integrated Devices), by End User (Government and Utilities, Consumer and Home) - Global Forecast to 2020” prepared by MarketsandMarkets canvasses the overall facial recognition market performance and examines the current situation in the market. It gives access to a detailed assessment of the market segmentation on the basis of solutions, hardware, software and end-users. The study provides comprehensive data on the market size, share, dynamics, key drivers, restraints, challenges, opportunities and future trends. The reliable information on key market players and participants alongside with their profiles is provided in this report. Additionally, an all-round future forecast for the global facial recognition market up to 2020 is available.
Facial Recognition Market by Solution (2D, 3D, Thermal, Emotion, Forensic), by Software (Middleware, Databases), by Hardware (Cameras, Integrated Devices), by End User (Government and Utilities, Consumer and Home) - Global Forecast to 2020
Date: May, 2015
Price: US$ 4,650.00
Other research reports by this publisher can be easily found at MarketsandMarkets page.