© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Facial Recognition Market Analysis Report, Share, Growth, Trend, and Forecast, 2024 : Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The industrial and retail sector in the Asia Pacific countries including China and India is anticipated to experience a high growth owing to which companies are increasingly adopting this software to control the access of their employees.  Furthermore, governments of various economies have undertaken initiatives aiding in the growth of the facial recognition market. For instance, in July 2017, the Australian government had awarded a contract of USD 22.5 million for airports to Vision-Box.  The U.S. facial recognition market is anticipated to dominate owing to the large-scale smartphone penetration and the need to provide security solutions. Regional Analysis of Facial Recognition Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Facial Recognition Market:  The segmentation of the facial recognition market based on technology includes 2D, 3D, and analytics. The 3D segment is anticipated to dominate in terms of revenue. This is mainly attributed to the functional drawbacks of 2D technology and the advantages 3D offers in comparison to it. For instance, 2D systems are highly susceptible to illumination changes and pose variations where any variations can result in a mismatch and a false alarm. The analytics segment of the facial recognition market is anticipated to experience a high adoption as it aids in the collection of descriptive metadata about a given face such as scars and expressions.  Facial recognition market is segmented based on end users as government and law enforcement, military, retail, BFSI, consumer, automotive, and others. The government and law enforcement segment of the facial recognition market is projected to experience a high growth during the forecast time span owing to the adoption of these technologies to prevent criminal activities. Law enforcement agencies, such as correctional facilities, utilize face identification technology to keep track of inmates and ex-convicts. These technologies also are finding increasing adoption in the consumer electronics segment owing to the high demand for security features; for instance, iPhone’s FaceID software and the Facebook feature to tag the user and user’s contacts from the user’s friend list in pictures.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Players operating in the facial recognition market include Aware, Inc., Cross Match Technologies, Inc., FaceFirst, Inc., 3M, Cognitec Systems GmbH, Ayonix, Safran Group, Animetrics, Inc., Daon, and others.  The companies invest heavily in the development of new technologies to improve the existing software. For instance, in April 2017, NEC Corporation announced the launch of NC7000-3A, which is a data utilization platform software that leverages this technology in mobile devices and is anticipated to improve its position in the facial recognition market. Competitive Market Share of Facial Recognition Market:

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