DUBLIN, Feb. 5, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5kvw8m/global_facial) has announced the addition of the "Global Facial Recognition Market 2016-2020" report to their offering.
The global facial recognition market is expected to grow at a CAGR of 23.74% during the period 2016-2020.
2D facial recognition has disadvantages due to errors that arise from poor illumination, posture variations, and facial expression variations. 3D facial recognition is more accurate, as it provides enhanced details of an individual's face with sensors that project structured light. Since an individual may change their appearance and facial expression, it may become difficult for facial recognition systems to identify the individual correctly. Therefore, vendors are shifting from the provision of 2D facial recognition systems to 3D facial recognition for identifying an individual.
According to the report, one of the major drivers of the market is the integration of facial recognition solutions in surveillance cameras for use in residential and commercial security.
Further, the report states that privacy issues are posing a challenge to the adoption of facial recognition systems in organizations.
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?
- 3M Cogent
- Cognitec Systems
Other prominent vendors:
- Aurora Computer Services
- Fulcrum Biometrics
- Imagus Technology
- Lathem Time
- XID Technologies
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Market landscape
PART 07: Life cycle analysis
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Buying criteria
PART 11: Market development
PART 12: Market trends
PART 13: Market challenges
PART 14: Five forces analysis
PART 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/5kvw8m/global_facial
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets