Facial recognition Market Share to Reach $8.74 billion with 17.83% CAGR Forecast to 2022

PUNE, INDIA, September 14, 2016 /EINPresswire.com/ -- According to researcher, the Global Facial Recognition market is projected to reach $8.74 billion by 2022 growing at a CAGR of 17.83% during the forecast period. Growing Surveillance Market is the key factor fuelling growth of the market. However, interoperability is inhibiting the growth of global facial recognition market. Identifying differences among like faces or appearances poses a key challenge for the market.
Due to growing technological advancements, when compared to the 2D facial recognition technology, 3D facial recognition technology is expected to witness much faster adoption in the near future. The government and law enforcement agencies majorly utilize facial recognition systems for security issues. Additionally, facial recognition systems are being gradually used in BFSI sector to guarantee security and reduce crimes due to the raise in frauds in this sector. Furthermore, to figure out the age, sex, and facial expressions of the customers facial analytics systems are used in the retail industry in order to aim them for marketing suitable products of the respective company.

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Some of the key players in Global Facial Recognition market are NEC Corporation, Cross Match Technologies Inc., Animetrics, Inc., Cognitec Systems, Safran Group (Morpho S.A.), Aware Inc., Ayonix, Inc., 3M Cogent Inc., FaceFirst Inc., ZK Software, DAON, Inc., Gemalto, RCG Holdings Ltd., Iris Id Systems Inc. and Avalon Biometrics.
Technologies covered:
• Thermal Technology
• Mobile Facial Recognition
• Forensic technology
• Facial Analytics
• Emotion Technology
• 3D Facial Recognition
• 2D Facial Recognition
• Others
Services covered:
• Consulting services
• Cloud based services
• Others

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Industries covered:
• Banking, Financial Services, and Insurance (BFSI)
• Government
• Homeland Security
• Military
• Retail Industry
• Automotive
• Others
• Modeling & Restructuring
• Middleware
Software covered:
• Facial Recognition Software
• Databases
• Analytics Solutions
• Others
Hardware covered:
• Cameras (Motion Sensing)
• Scanners
• Handheld Facial Recognition Device
• Integrated Devices
• Others
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Table of content
1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Emerging markets

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Facial Recognition Market, By Technology
5.1 Introduction
5.2 Thermal Technology
5.3 Mobile Facial Recognition
5.4 Forensic technology
5.5 Facial Analytics
5.6 Emotion Technology
5.7 3D Facial Recognition
5.8 2D Facial Recognition
5.9 Others

6 Global Facial Recognition Market, By Service
6.1 Introduction
6.2 Consulting services
6.3 Cloud based services
6.4 Others

7 Global Facial Recognition Market, By Industry
7.1 Introduction
7.2 Banking, Financial Services, and Insurance (BFSI)
7.3 Government
7.4 Homeland Security
7.5 Military
7.6 Retail Industry
7.7 Automotive
7.8 Others

8 Global Facial Recognition Market, By Software
8.1 Introduction
8.2 Modeling & Restructuring
8.3 Middleware
8.4 Facial Recognition Software
8.5 Databases
8.6 Analytics Solutions
8.7 Others

9 Global Facial Recognition Market, By Hardware
9.1 Introduction
9.2 Cameras (Motion Sensing)
9.3 Scanners
9.4 Handheld Facial Recognition Device
9.5 Integrated Devices
9.6 Others

10 Global Facial Recognition Market, By Geography
10.1 North America
10.1.1 US
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 UK
10.2.5 Spain
10.2.6 Rest of Europe
10.3 Asia Pacific
10.3.1 Japan
10.3.2 China
10.3.3 India
10.3.4 Australia
10.3.5 Newzealand
10.3.6 Rest of Asia Pacific
10.4 Rest of the World
10.4.1 Middle East
10.4.2 Brazil
10.4.3 Argentina
10.4.4 South Africa
10.4.5 Egypt

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 NEC Corporation
12.2 Cross Match Technologies Inc.
12.3 Animetrics, Inc.
12.4 Cognitec Systems
12.5 Safran Group (Morpho S.A.)
12.6 Aware Inc.,
12.7 Ayonix, Inc.
12.8 3M Cogent Inc.
12.9 FaceFirst Inc.
12.10 ZK Software

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