DUBLIN — (BUSINESS WIRE) — November 27, 2014 — Research and Markets ( http://www.researchandmarkets.com/research/ljgg6x/global_facial) has announced the addition of the "Global Facial Recognition Market (2D Facial Recognition, 3D Facial Recognition, and Facial Analytics) - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" report to their offering.
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 to 2020
The global facial recognition market segmentation on the basis of type of technology includes 2D facial recognition technology, 3D facial recognition technology, and facial analytics. 2D is a technology which deals with face recognition of an image based on its two-dimensional appearance. It is widely used technology and has low cost of installation and operation as compared to 3D technology. However, 2D technology fails in its operation if the facial image to be identified varies in light conditions, position and facial expressions. 3D technology overcomes the drawbacks of 2D technology by analyzing a facial image in three-dimensional view.
With the use of 3D technology, various drawbacks such as varying angles and environmental conditions are overcome which results in more accurate recognition of facial images. 3D technology includes use of complex algorithms and high-definition (HD). Thus, with growing advancements 3D facial recognition is expected to record fast adoption as compared to 2D facial recognition in near future. Moreover, facial analytics is another emerging technology in facial recognition that deals exclusively with facial expressions. This technology is used for determining different attributes such as age, gender and other facial characteristics. This technology is majorly used in retail for better marketing of products and is increasingly being used by police for identification of criminals based on their changing facial expressions.
Some of the market participants profiled in this report include Cross Match Technologies, Inc., 3M Cogent Inc., NEC Corporation, Safran Group, Cognitec Systems, Aware Inc., Animetrics, Inc., Ayonix, Inc., FaceFirst Inc. (Airborne Biometrics Group Inc.), ZK Software, and Aurora Computer Services Ltd., among others.
Global Facial Recognition Market Segmentation:
Global Facial Recognition Market, by Technology Type:
- 2D Facial Recognition Technology
- 3D Facial Recognition Technology
- Facial Analytics
Global Facial Recognition Market, by End-Use Industry:
- Government & Utilities
- Military
- Homeland Security
- Banking, Financial Services, and Insurance (BFSI)
- Retail Industry
- Others (Digital Signage, Automotive, Web Applications, and Mobile Applications)
For more information visit http://www.researchandmarkets.com/research/ljgg6x/global_facial
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