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Facial Recognition Market - Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2013 - 2019

Facial Recognition Market - Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2013 - 2019

Facial recognition technology as a biometric security measure has gained significant traction in recent years driven by growth in security measures around the globe which itself is propelled by rise in incidents of crime and terrorism. The components of facial recognition market include hardware, software and services. Software utilized in this industry include modeling, database, and analytic software. The various technology segments comprise of 2D, 3D, emotion, thermal, mobile and forensics.

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Government, defense and transportation (including airports, railways and other mass transportation) represent a major chunk of the market, however; other sectors including retail, BFSI, industrial, hospitality, residential, stadiums, healthcare, educational institutions are expected to see a significant growth over the coming years. The demand for this technology is growing steadily across all industry verticals and is poised to become as ubiquitous as fingerprint technology over long term. Emerging trends and opportunities in the market include refining search engine results on the basis of facial images and photo tagging applications, gathering intelligence on buying and traffic pattern in various retail shops, identification of missing persons. Further, innovative cloud services based on face recognition technologies are expected to gain increased traction in market. A major challenge for this market is limitations in terms of accuracy for face and feature detection, however, increased focus on research and technological advancements are expected to overcome this challenge.

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Some of the key players in this market include Animetrics, Inc., Afix Technologies, Inc., Aware, Inc., Cognitec, Inc., Cross Match Technologies GmbH, Fujitsu Ltd., Gemalto NV, NEC Corp., RCG Holdings, Safetic AG, FaceFirst LLC, Safran Group, ZK Software, Inc., 3M Cogent, Inc., Avalon Biometrics SL, Daon, Inc., Digitalpersona, Inc., and Iris ID Systems, Inc.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

North America 

Asia Pacific 

Europe

Rest of the World  

This report provides comprehensive analysis of 

Market growth drivers 

Factors limiting market growth

Current market trends 

Market structure

Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

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Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth 

It provides a technological growth map over time to understand the industry growth rate

It provides a seven-year forecast assessed on the basis of how the market is predicted to grow 

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 

It provides distinctive graphics and exemplified SWOT analysis of major market segments 

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