$4.6bn facial recognition technology market set to grow due to increased adoption, says Visiongain

Visiongain has launched a new cyber report; Facial Recognition Technology Market Report 2019-2029.
 
 
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CROYDON, U.K. - April 17, 2019 - PRLog -- Forecasts by Type (2D, 3D, and Facial Analytics); by Component (Hardware, Software, and Services); by Application (Access Control, Law Enforcement, Emotion Recognition, Attendance Tracking & Monitoring, and Others) and By Industry Vertical (Government, Homeland Security, Military, BFSI, Retail, Healthcare, and Others) and Analysis on Leading Companies and Regional and Leading National Market Forecasts and Analysis.

In the current market landscape, organisations are witnessing the need for robust authentication techniques to provide convenience and security as their customers access sensitive information and data. To avoid the glitches of the password-based authentication, these organisations are now moving moved towards multi-factor authentication. The concerns regarding data security are increasing rapidly owing to the growth of digital content and the increasing number of data breaches. Digital security is a crucial issue witnessed by these organisations that have a broad customer base and a few security solutions. The threats regarding data security have become difficult to detect owing to significant growth in the customer base, the rise in IoT penetration, and the rise in digital content. Also, the demand for advanced security systems in government agencies and the civil sector is surging. This has created growth opportunities for the global market. Further, the increasing adoption of biometrics-based security measures paired with advancements in the development of robust solutions has propelled the growth of the facial recognition systems market.

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com  or call her on 0207 549 9987

The Visiongain report analyst commented "Currently, the 2D facial recognition technology dominates the global facial recognition technology market in 2019. The high share of the segment can be attributed to higher functionalities and commercialisation of this technology. It is expected that 3D facial recognition technology is expected to surpass 2D owing to better security functionalities, steadily increasing adoption and the high cost of the system."

Leading companies featured in the report who are developing facial recognition technology including 3M, Cognitec Systems GmbH, NEC Corporation, Gemalto, Nuance Corporation, Daon, IDEMIA, ZKTeco, Cross Match Technologies (ASSA Abloy), Ayonix Corporation, and Aware Inc.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com  or call her on 0207 549 9987.

For more Cyber reports please visit: https://www.visiongain.com/industries/cyber/

Related reports:

Cyber Security Market Report 2018-2028

Access Control and Authentication Market Report 2017-2027

Internet of Things (IoT) Security Market Report 2019-2029


About Visiongain


Visiongain is one of the fastest-growing and most innovative independent business intelligence providers in Europe. Based in London, UK, Visiongain publishes independent and insightful market reports across a wide range of industry verticals, including automotive, chemical, cyber, defence, energy, pharmaceutical, materials and many more sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. The company has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original business intelligence to depend upon.

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Email: sara.peerun@visiongain.com
Tel: 0207 549 9987
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