|By Business Wire||
|June 23, 2014 05:09 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/vx2mv7/global_facial) has announced the addition of the "Global Facial Recognition Market 2014-2018" report to their offering.
The Global Facial Recognition market will grow at a CAGR of 26.6% during the period 2013-2018
The Government, Financial, and Aviation sectors use facial recognition systems to a large extent to recognize individuals. Equipped with a database-mining feature, the software application identifies individuals from samples available in a database and provides access privileges only to the right person.
The emergence of 3D facial recognition systems is a new trend witnessed in the Global Facial Recognition market. This 3D approach is achieved by integrating two cameras that are synchronized together to reconstruct a 3D facial template for a user. Moreover, this technique uses 3D sensors to capture information about the facial characteristics of a person. This information is then used to identify distinctive features of a face, such as the curve of the eye sockets, nose, and chin. The system has enhanced the accuracy level of facial recognition systems such that it can easily identify identical twins accurately. Therefore, manufacturers of face recognition systems are slowly replacing 2D techniques with 3D techniques because of their unique advantages.
One of the drivers in this market is the growing need for advanced security in the Government sector. Government departments such as Intelligence, Defense, Finance, and Military are the major adopters and users of facial recognition technology. Hence, to secure their perimeter, government departments of various countries are installing stronger security measures, including facial recognition software. In recent years, the Government sector has been the major revenue contributor to the market.
- 3M Cogent Inc.
- Cognitec Systems GmbH
- NEC Corp.
- Safran SA
Other Prominent Vendors
- Airborne Biometrics Group Inc.
- Animetrics Inc.
- Avalon Biometrics SL
- Aware Inc.
- Cross Match Technologies Inc.
- Lumidigm Inc.
- RCG Holdings Ltd.
- Suprema Inc.
- ZK Software Inc.
For more information visit http://www.researchandmarkets.com/research/vx2mv7/global_facial