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(Hosting-NewsWire.com, September 21, 2018 ) ReportsWeb Adds “Face Recognition Systems Market” offers an up-to-date analysis of the market with regards to the innovations, current competitive landscape and latest trends and drivers, to provide new predictions for the forecast period
This report studies the Face Recognition Systems market, a face recognition system is a computer application capable of identifying or verifying a person from a digital image or a video frame from a video source. One of the ways to do this is by comparing selected facial features from the image and a face database.
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: NEC Corporation, Safran Group, Gemalto, Ayonix, Crossmatch Technologies, Aware Inc
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Currently, the market is primarily driven by robust technological advancements for development of efficient surveillance systems required by civil and government agencies. This is due to rising instances of criminal and terrorist activities and identification of fraud cases across the globe. Moreover, facial recognition systems that can scan images in all environmental conditions are being developed using 3D facial recognition technology. This would help overcome the barriers of 2D facial recognition technology that include light and pose deflections of the object. However, restrictions on users to share their personal details i.e. covert monitoring of an individual, is expected to hinder the market growth. Furthermore, increased adoption of facial recognition in web applications for picture tagging, social interaction, and others is expected to drive the demand for facial recognition in future.
The global facial recognition market is analyzed on the basis of parameters such as type of technology, end-use industry and geographic regions. Of the different technology types, the 2D facial recognition technology segment contributed a significant revenue share (about 59.67%) in the global market in 2016. This is due to the adoption and acceptance of 2D facial recognition technology in surveillance, which is primarily due to its low cost and easy installation using existing cameras. The market for 3D facial recognition technology, that offers better and accurate results, is expected to record steady growth as compared to 2D technology. Furthermore, the facial recognition market is witnessing development of facial analytics systems that help generate descriptive metadata about a given face, apart from simple identification. This has resulted in the use of facial recognition technique as both identification and authentication tools.
Over the next five years, Publisher projects that Face Recognition Systems will register a 13.0% CAGR in terms of revenue, reach US$ 1100 million by 2023, from US$ 530 million in 2017.
Segmentation by product type: 2D Face Recognition 3D Face Recognition
Segmentation by application: Emotion Recognition Law Enforcement, Surveillance, and Monitoring Others
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2018-2023 Global Face Recognition Systems Market Report (Status and Outlook)
1 Scope of the Report 1.1 Market Introduction 1.2 Research Objectives 1.3 Years Considered 1.4 Market Research Methodology 1.5 Economic Indicators 1.6 Currency Considered
2 Executive Summary 2.1 World Market Overview 2.1.1 Global Face Recognition Systems Market Size 2013-2023 2.1.2 Face Recognition Systems Market Size CAGR by Region 2.2 Face Recognition Systems Segment by Type 2.2.1 2D Face Recognition 2.2.2 3D Face Recognition 2.2.3 Thermal Face Recognition 2.3 Face Recognition Systems Market Size by Type 2.3.1 Global Face Recognition Systems Market Size Market Share by Type (2013-2018) 2.3.2 Global Face Recognition Systems Market Size Growth Rate by Type (2013-2018) 2.4 Face Recognition Systems Segment by Application 2.4.1 Emotion Recognition 2.4.2 Law Enforcement, Surveillance, and Monitoring 2.4.3 Others 2.5 Face Recognition Systems Market Size by Application 2.5.1 Global Face Recognition Systems Market Size Market Share by Application (2013-2018) 2.5.2 Global Face Recognition Systems Market Size Growth Rate by Application (2013-2018)
3 Global Face Recognition Systems by Players 3.1 Global Face Recognition Systems Market Size Market Share by Players 3.1.1 Global Face Recognition Systems Market Size by Players (2016-2018) 3.1.2 Global Face Recognition Systems Market Size Market Share by Players (2016-2018) 3.2 Global Face Recognition Systems Key Players Head office and Products Offered 3.3 Market Concentration Rate Analysis 3.3.1 Competition Landscape Analysis 3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018) 3.4 New Products and Potential Entrants 3.5 Mergers & Acquisitions, Expansion
4 Face Recognition Systems by Regions 4.1 Face Recognition Systems Market Size by Regions 4.2 Americas Face Recognition Systems Market Size Growth 4.3 APAC Face Recognition Systems Market Size Growth 4.4 Europe Face Recognition Systems Market Size Growth 4.5 Middle East & Africa Face Recognition Systems Market Size Growth
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