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Press release content from BusinessWire. The AP news staff was not involved in its creation.

The Global Market for Facial Recognition, 2018: The Market is Set to Reach ~$15 Billion by 2026 - ResearchAndMarkets.com

August 28, 2018

DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The “Facial Recognition - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.

According to the report, the market is expected to grow from $4.05 billion in 2017 to reach $14.95 billion by 2026 with a CAGR of 15.6%.

Factors such as rising applications in various industry sectors, growing smart phone implementation and increasing instances of identity threats are fueling the market growth. However, misinterpretation of faces or emotions and high initial costs are hindering the market growth. The major opportunities in the market are adoption of cloud-based technology solutions and increasing number of smart city projects across the world.

By component, the services segment is expected to have considerable growth in this market owing to the rising information among enterprises regarding the characteristics of facial recognition technologies and growing need for a more safe biometric system.

Based on geography, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Huge investments from the government sector toward security and surveillance infrastructure, improved public awareness, and the emergence of complicated technologies backed by analytics are some of the factors driving the market growth in this region.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porter’s Five Force Analysis

5 Global Facial Recognition Market, By Technology

6 Global Facial Recognition Market, By Component

7 Global Facial Recognition Market, By Use Case

8 Global Facial Recognition Market, By Application

9 Global Facial Recognition Market, By End-User

10 Global Facial Recognition Market, By Geography

11 Key Developments

12 Company Profiling

3M Company Techno Brain Cognitec Systems Aware Keylemon Herta Security Neurotechnology Animetrics Gemalto Idemia Ayonix Nviso NEC Corporation Cross Match FaceFirst Inc. Google XiD Technologies

For more information about this report visit https://www.researchandmarkets.com/research/jkg9ps/the_global_market?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180828005686/en/

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Related Topics:Biometrics



SOURCE: Research and Markets

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PUB: 08/28/2018 01:43 PM/DISC: 08/28/2018 01:43 PM