In-Depth Research on World Facial Recognition, 2015-2022

World Facial Recognition Market-Opportunities and Forecast, 2015-2022 is a new market research publication announced by Reportstack. Facial recognition is a biometric technology which is used for authentication and identification of individuals, by comparing the facial features from an image with the existing database. Facial recognition is expected to witness robust growth during the forecast period due to its increasing usage in both law enforcement and non-law enforcement applications. Moreover, facial recognition is widely preferred over other biometric technologies such as voice recognition, skin texture recognition, iris recognition and fingerprint scanning among others, due to its non-contact process and easy deployment (using cameras and existing monitoring devices). The technology is predominantly used for security purposes, but is now gaining wide popularity for advertising and marketing, as it enables the companies’ to deliver targeted messages to the consumers.

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Increasing crime rate across the world has persuaded government agencies to look for cutting edge surveillance technology that can effectively address the growing concerns over security.  Increasing sensitivity towards personal data privacy has hindered the expansion of market in certain regions. On the other hand, technically advanced facial recognition systems with application in mobile security, drones, and retail is likely to create greater opportunities in the years to come.

POTENTIAL BENEFITS FOR STAKEHOLDERS

The report provides a comprehensive analysis of the world facial recognition market with current and future growth trends, driving factors, opportunities and challenges.
The report includes a comprehensive qualitative as well quantitative analysis of the key market segments, for the period 2015 ? 2022.
Porters Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
Value chain analysis provides key inputs on the role of stakeholders involved at various stages of the value chain.
SWOT analysis of the key market players highlights their strengths and weaknesses along with potential opportunities present in the market.
FACIAL RECOGNITION MARKET SEGMENTATION

The market is segmented on the basis of technology, component, application, and geography.

MARKET BY TECHNOLOGY

2D facial recognition
3D facial recognition
Facial analytics
MARKET BY COMPONENT

Hardware
Scanners
Cameras
Handheld devices
Integrated devices
Software 
MARKET BY APPLICATION

Homeland security
Criminal investigation
ID management
Physical security
Intelligent signage
Web application
Business intelligence
Photo indexing and sorting
Others (VIP recognition, automotive and phone, PC & banking login)
MARKET BY GEOGRAPHY

North America
U.S.
Mexico
Canada
Europe
UK
Germany
Russia
Italy
France
Rest of the Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
LAMEA
Latin America
Middle East
Africa 
KEY PLAYERS

3M
Cognitec Systems GmbH
NEC Corporation
FaceFirst, Inc.
Nuance Communications Inc.
Crossmatch
International Business Machines Corporation (IBM)
Animetrics Inc.
Daon Inc.

Contact:

Debora White

Manager - Marketing

debora@reportstack.com

Ph: +1-888-789-6604

Reportstack Market Research

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