Facial Recognition Market Current Trends and Future Aspect Analysis 2019 – 2026Posted by Nikita Manwar on October 3rd, 2019 Facial Recognition is a technology that helps in capturing the face images, having a non-contacting nature, the feature of capturing image from distance without any physical interaction with the person being identified. It uses biometric to identify the facial features from an image or video, detecting the image and providing a code for further matching process. Facial Recognition has vast application in the field of security and can be implemented as a functionally independent application. The factors responsible for driving the growth of facial recognition market includes non-contact nature, the images can be captured from a distance and improved level of security measure for time tracking. Cost effective and less processing period in capturing and identifying images unlike other biometric techniques are also some features responsible for bolstering the growth of facial recognition market in the forecast period 2019-2026. Increasing adoption in mobile platforms, deployment in security services and easy to integrate ability are some drivers that fuels the growth of facial recognition market. Moreover, technological advancements in this system are further expected to drive the facial recognition market by 2026. Factors restraining the growth of facial recognition market includes their unreliability, inefficiency and the lack of effectiveness in terms of facial expressions, these get affected by the intensity of illumination due to their ability of identifying the object only in the case of favourable lighting conditions. Various notable players in the facial recognition market include Aware Inc., Gemalto NV, NEC Corporation, Cognitec Systems GmbH, Animetrics Inc., Nuance Communications Inc., Ayonix Face Technologies, nViso SA, Daon Inc. and Idemia among others. The Global Facial Recognition Market has been segmented on the basis of Component, Technology, Industry and Geography. Based on component market is categorized into hardware and software. On the basis of technology market is categorized into 2D facial recognition, 3D facial recognition and facial analytics. Based on industry market is categorized into aviation, government& public sector, banking & financial services and others and by geography. Key questions answered in this research report: Market Segmentation By Technology By Industry By Geography • North America • Europe • APAC • ROW About GMI Research GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition. GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomics factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth. Media Contact Like it? Share it! More by this author |