-- The shift from 2D to 3D facial recognition is another fast-moving trend that is expected to boost the facial recognition market growth during the forecast period. The analysts forecast global facial recognition market to grow at a CAGR of 23.74% during the period 2016-2020.3D facial recognition provides enhanced details of an individual's face with sensors that project structured light, thus providing accurate results. Therefore, to identify an individual accurately without making an error, vendors are shifting from the provision of 2D facial recognition to 3D facial recognition.
Complete report on facial recognition market spread across 44 pages, profiling 5 companies and supported with 13 data exhibits is now available at http://www.reportsnreports.com/reports/461260-global-facial-recognition-market-2016-2020.html.
End-User Segmentation and Analysis of the Facial Recognition Market – Government, Transportation, BFSI and Others
The growing awareness among government organizations about facial recognition technology for identifying criminals has led to its dominance of the facial recognition market during 2015. For instance, the Australian governments are investing heavily in the integration of facial recognition technology into passports for identification of travelers and to enhance homeland security.
Geographical Segmentation and Analysis of the Facial Recognition Market – APAC, Europe, Latin America, MEA and North America
North America was the market leader during 2015 in the facial recognition market as this region is always the first adopter of any new technology. The US government contributed the majority of the share in this region as a number of cities in the US are using surveillance cameras integrated with facial recognition technology to track people. Order a Single User License Copy of Global Facial Recognition Market 2016-2020 Report at http://www.reportsnreports.com/Purchase.aspx?name=461260.
Competitive Landscape and Key Vendors
At present, the global facial recognition market witness the dominance of the international players who compete among each other on the basis of innovation and product offerings. Factors like the emergence of multimodal biometrics technology and its rapid traction among end-users are encouraging vendors to come up with innovative offerings to enhance their market share.
Key players in the global facial recognition market: 3M Cogent, Cognitec Systems, Gemalto, NEC and Safran
Other prominent vendors in the market are: ArcSoft, Aurora Computer Services, Aware, FaceFirst, Fulcrum Biometrics, Google, Imagus Technology, KeyLemon, Lathem Time, Luxand, Netatmo, and XID Technologies.
Further, the facial recognition market report states that privacy issues are posing a challenge to the adoption of facial recognition systems in organizations.
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