Global Facial Recognition Market Growth 2014 - 2020

Transparency Market Research

Global Facial Recognition Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Published Date 28 - August - 2014

104 Page Report

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Global Facial Recognition Market to Reach USD 2.19 Billion by 2020: Transparency Market Research

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Facial Recognition Market

REPORT DESCRIPTION

According to a new market research report "Facial Recognition (2D Facial Recognition, 3D Facial Recognition, and Facial Analytics) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," published by Transparency Market Research, the global market for facial recognition is forecast to reach USD 2.19 billion by 2019. The market is driven by increased demand for surveillance systems by civil and government agencies. This is majorly due to rising number of crimes and terrorist activities across the globe that would elevate the demand for efficient facial recognition solutions/systems in the near future. In addition, acceptance of facial recognition in the entertainment industry coupled with extensive use of facial recognition in consumer electronics is expected to fuel the demand for facial recognition technology in future. The report provides in-depth analysis of the market by segmenting it on the basis of parameters such as technology type and end-use industry. The global facial recognition market was valued at USD 1.17 billion in 2013 and is expected to grow at a CAGR of 9.5% from 2014 - 2020. The global facial recognition market comprises the following technology types: 2D facial recognition, 3D facial recognition, and facial analytics. Of these, the market for 3D facial recognition technology segment, because of its high and better accuracy in terms of identifying...