Dallas, Texas (PRWEB) November 26, 2014
With the emergence of 3D facial recognition technology, the global facial recognition market is growing steadily. Facial recognition system is usually used for security reasons in various security systems. A facial recognition system recognizes or identifies a person from a digital image or a video frame by evaluating facial features from a facial database. Two basic methods are used for facial recognition, two-dimensional (2D) recognition and three-dimensional (3D) recognition. Departments of government such as military, defense and covert intelligence require facial recognition software. With rise in security threats, the demand for facial recognition systems is also increasing. New and emerging technologies has emerged which is propelling the growth in the global facial recognition market. The global market for facial recognition is forecasted to grow at a compound annual growth rate of 25.7 percent over the period from 2014 to 2019.
Key players in the global facial recognition market are 3M Cogent, NEC, Cognitec Systems, and Safran Group, Eurotech, Cybula, Smartmatic, PSP Security, Intelligent Security Systems, Cross Match Technologies, Bio-Enable, AxxonSoft, RCG Holdings, Lodge Service, iViewSystems, iOmniscient, Herta Security, Delphi, FaceFirst, Aware, Airborne Biometrics, and Anviz. Increased spending in research and development by government and security agencies is one of the main factors for the growth in the market. Increased research and development in this field has resulted in the launch of products which have high accuracy in facial recognition as well as better integration ability. The global facial recognition market is segmented according to end user, which includes the government sector, financial sector and transit sector.
This report provides an in-depth analysis of global facial recognition market which includes market drivers and their impact, challenges and restraints, key trends, opportunities and threats, product offerings, market size, market landscape, growth prospect and forecast, and strengths and weaknesses of the key vendors.
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List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Facial Recognition Systems Technique
Exhibit 3: Functioning of Facial Recognition Systems
Exhibit 4: Comparison of Biometrics Technologies
Exhibit 5: Product Lifecycle of Global Facial Recognition market
Exhibit 6: Global Biometrics Market 2014-2019 (US$ billion)
Exhibit 7: Global Facial Recognition Market share in Global Biometrics Market 2014
Exhibit 8: Global Facial Recognition Market share in Global Biometrics Market 2014-2019 (percentage)
Exhibit 9: Global Facial Recognition Market 2014-2019 (US$ million)
Exhibit 10: Global Facial Recognition Market by End-user 2014
Exhibit 11: Global Facial Recognition Market by End-user Segmentation 2014-2019 (percentage)
Exhibit 12: Global Facial Recognition Market in Financial Sector 2014-2019 (US$ million)
Exhibit 13: Global Facial Recognition Market in Government Sector 2014-2019 (US$ million)
Exhibit 14: Global Facial Recognition Market in Transit Sector 2014-2019 (US$ million)
Exhibit 15: Global Facial Recognition Market by Geographical Segmentation 2014
Exhibit 16: Global Facial Recognition Market by Geographical Segmentation 2014-2019 (percentage)
Exhibit 17: Global Facial Recognition Market by Geographical Segmentation 2014-2019 (US$ million)
Exhibit 18: Market Attraction by End-user's Segmentation
Exhibit 19: Market Attraction by Geographical Segmentation
Exhibit 20: 3M Cogent: Key Products and Services
Other Related Reports Biometrics Market:
Biometrics: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019: The global biometrics market is at $5.2 billion in 2012 anticipated to reach $16.7 billion by 2019. Market growth is a result of demand for protection of individual information and for the needs of organization to control access to documents and to areas.
Biometric devices represent a major factor impacting law enforcement and border patrol markets. Governments and law enforcement agencies are leveraging biometric devices to strengthen all aspects of citizen protection. Healthcare organizations are implementing biometric systems to provide patient privacy.
Biometrics Market in North America 2014-2018: Analysts forecast the biometrics market in North America to grow at a CAGR of 16.98 percent over the period 2013-2018.
Companies Profiled: 3M Cogent Inc., Cross Match Technologies Inc., NEC Corp., Safran SA, Advanced Biometrics, Amano Cincinnati, Aware, BIO-Key International, Cognitec Systems, DigitalPersona, Fingertec USA, Fujitsu, GAMASIS, Griaule Biometrics, M2Sys, Nuance Communications, Precise Biometrics and ZKteco.
Global OOB Authentication Market 2014-2018: Analysts forecast the Global OOB Authentication market to grow at a CAGR of 23.16 percent over the period 2013-2018.
Companies Profiled: Authentify, CA Technologies, Gemalto, Microsoft (Phone Factor), StrikeForce Technologies, Deepnet Security, i-Sprint Innovations, RSA (EMC), SafeNet, Secure Envoy, SMS Passcode, Symantec, TeleSign, Vasco Data Security.
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