| Global Facial Recognition Market to Witness Double Digit Growth | | Global facial recognition market is projected to grow at a CAGR of around 31% during 2011-2013, says RNCOS. | | Posted on : NetForce Press (20 July, 2011) | | | |
According to our new research report, “Global Biometric Forecast to 2012”, usage of biometric technology for security applications has shown tremendous growth during the past few years. Among many technologies, usage of biometric systems has increased significantly worldwide. These systems, apart from monitoring, provide secure authentication facilities through various means, such as fingerprint recognition, facial recognition, iris recognition, etc. Phasing out of older technologies and reducing costs coupled with innovative applications will drive the global biometric market in future.
As per our findings, Facial Recognition Technology has emerged as the fastest growing technology among the biometric technologies accepted worldwide and will continue to follow the same trend in future also by growing at a CAGR of around 31% during 2011-2013. Facial Recognition Technology is applicable to both verification and identification. In addition, it is the only biometric system that can routinely be used in a covert manner for surveillance as a person's face is easily captured by video technology. The main factor, which has surged the demand for this technology is the capability of surveillance offered exclusively by this technology.
Moreover, our report provides detail knowledge about other growing technologies and drivers, which includes the emergence of 3D technology as a more accurate complement or replacement to 2D, its little impact on existing processes and systems while deploying and many more. Besides, it also presents the segmentation of the biometric market in terms of technology and identifies AFIS as the most dominating segment.
Our report, “Global Biometric Forecast to 2012”, provides thorough research and rational analysis along with reliable statistics of the global biometrics market. The report also provides extensive information on the traditional markets and the emerging technologies. Besides, an insight of trends prevailing in the regional biometrics segments across the globe has been covered in the report. Analysis and statistics regarding market size, growth, share, segmentation, and geographic distribution have been studied in details in the report to present a comprehensive view of the global biometrics market. The report has also examined current market trends, industrial developments, and competitive landscape to enable clients understanding of the market structure and its progress in the coming years.
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner. |
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