Global Facial Recognition Market Forecast & Analysis, 2015-2022

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World Facial Recognition Market - Opportunities
and Forecast, 2015 - 2022
MarketIntelReports newly published a research
report on World Facial Recognition Market -
Opportunities and Forecast, 2015 2022 with
covering detailed analysis on market
segmentation, global notable vendors,
geographical outlook, price financial updates,
segment application approach and future
forecasts.
Published on 01 June, 2016 Number of pages
177 Single User Price 4515
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• According to a new report published
  by MarketIntelReports, titled, World Facial
  Recognition Market - Opportunities and Forecasts,
  20152022, the global facial recognition market is
  expected to generate revenue of 9.6 billion by
  2022, growing at a CAGR of 21.3 from 2015 to
  2022. 
• North America is expected to dominate the market
  throughout the forecast period, owing to the high
  expenditure on security systems by government
  agencies in the region.

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• Facial recognition technologies include 2D, 3D,
  and facial analytics. The 3D facial recognition
  technology segment holds a significant share in
  the world facial recognition market, owing to its
  high accuracy in terms of recognizing facial
  features as compared to the 2D facial recognition
  technology.
• This segment is expected to witness the fastest
  growth rate during the forecast period. 2D
  technology is also widely used due to its low
  installation cost and operational ease as it uses
  2D appearance recognition.
• Among the component segments, hardware accounted
  for the maximum revenue share in 2015, owing to
  high cost of 2D and 3D cameras.
• The facial recognition software market is
  estimated to grow at a CAGR of 23.9 during the
  forecast period.
• Development of effective and efficient facial
  recognition software applications is expected to
  drive this market.

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Some of the leading players in the facial
recognition market include Cognitec Systems GmbH,
NEC Corporation, FaceFirst, Inc., and 3M amongst
others. These players have adopted product
development, acquisitions, agreements, and
partnerships as their key strategies to
strengthen their market position and expand their
geographical presence. For instance, in 2015,
Cognitec Systems GmbH launched and incorporated a
superior version of the face recognition
algorithm B9 in FaceVACS-DBScan, one of the its
leading facial recognition products.
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Key questions answered in this report  What
will the market size be in 2020 and what will the
growth rate be? What are the key market
trends? What is driving this market? What are
the challenges to market growth? Who are the
key vendors in this market space? What are the
market opportunities and threats faced by the key
vendors? What are the strengths and weaknesses
of the key vendors? You can request one free
hour of our analysts time when you purchase this
market report. Details are provided within the
report.
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World Facial Recognition Market - Opportunities
and Forecast, 2015 - 2022
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
the World Facial Recognition Market -
Opportunities and Forecast, 2015 2022 and
future opportunities are provided in the report.
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