Navigation Links
Global Facial Recognition Market Report, 2016: 3M Cogent, Cognitec Systems, NEC & Safran Dominate the Industry
Date:12/2/2013

DUBLIN, December 2, 2013 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/lshjw8/global_facial) has announced the addition of the "Global Facial Recognition Market Report, 2016" report to their offering.

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769)

The analysts forecast the Global Facial Recognition market to grow at a CAGR of 24.5 percent over the period 2012-2016.

One of the drivers in this market is the growing need for high-level security in the Government sector. Government departments such as Intelligence, Defense, Finance, and Military are the major adopters and users of facial recognition technology. In recent years, the Government sector has been the major revenue contributor to the market.

The Global Facial Recognition market is witnessing an increasing number of mergers and acquisitions, and this trend is expected to continue during the forecast period. The existing vendors and new entrants are taking the acquisitive route to either enter the market or broaden their portfolio of offerings. For instance, the French defense company Safran Group completed the acquisition of biometric solution provider L-1 Identity Solutions in July 2011 for US$1.09 billion. The acquisition helped Safran become a leading player in the Global Facial Recognition market. Similarly, 3M completed the acquisition of Cogent Inc. in December 2010 for US$943 million. In addition, Google acquired Ukrainian augmented and facial recognition start-up Viewdle for approximately US$30 million in 2012.

Further, the report states that one of the major challenges in this market is the lack of accuracy in facial recognition systems. Sometimes, facial recognition systems may show errors in the identification process due to factors such as aging, plastic surgery, and the non-permanent makeup of the persons whose images are previously stored in the database.

The key vendors dominating this space include are:

  • 3M Cogent, Inc.
  • Cognitec Systems
  • NEC Corp.
  • Safran Group.

Key Topics Covered:

1. Executive Summary
2. List of Abbreviations
3. Introduction
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Geographical Segmentation
8. Key Leading Countries
9. Vendor Landscape
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/lshjw8/global_facial.

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: +1-646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: IT Security


'/>"/>
SOURCE Research and Markets
Copyright©2012 PR Newswire.
All rights reserved

Related biology news :

1. 83 global health innovations receive Grand Challenges Canada funding
2. Global warming in the Canadian Arctic
3. VW tops global R&D ranking, but EU companies put in mixed performance
4. Missing heat discovery prompts new estimate of global warming
5. Global map provides new insights into land use
6. Global change: Stowaways threaten fisheries in the Arctic
7. Next-generation global e-infrastructure for taxon names registry
8. University of Louisville researchers sign global licensing agreement
9. UCLA report urges new global policy effort to tackle crisis of plastic litter in oceans
10. ImageWare Systems Provides Next Generation Cloud Identity Management and Authentication Services to Global Payouts MoneyTracTM Consolidated Payment Gateway
11. Frost & Sullivan: Global Commercial Biometrics Market to Grow Considerably as Awareness Increases
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/26/2016)... LONDON , April 26, 2016 ... a product subsidiary of Infosys (NYSE: ... to integrate the Onegini mobile security platform with ... http://photos.prnewswire.com/prnh/20151104/283829LOGO ) The integration will ... to access and transact across channels. Using this ...
(Date:4/14/2016)... 2016 BioCatch ™, the ... announced the appointment of Eyal Goldwerger as ... Goldwerger,s leadership appointment comes at a time of ... deployment of its platform at several of the world,s ... discerns unique cognitive and physiological factors, is a winner ...
(Date:3/23/2016)... 2016 Einzigartige ... und Stimmerkennung mit Passwörtern     ... MESG ), ein führender Anbieter digitaler Kommunikationsdienste, ... SpeechPro zusammenarbeitet, um erstmals dessen Biometrietechnologie einzusetzen. ... Möglichkeit angeboten, im Rahmen mobiler Apps neben ...
Breaking Biology News(10 mins):
(Date:6/24/2016)... ... June 24, 2016 , ... Researchers at the Universita Politecnica delle Marche in ... peritoneal or pleural mesothelioma. Their findings are the subject of a new article on ... biomarkers are signposts in the blood, lung fluid or tissue of mesothelioma patients that ...
(Date:6/23/2016)... TORONTO , June 23, 2016 /PRNewswire/ - ... Ontario biotechnology company, Propellon ... the development and commercialization of a portfolio of ... cancers. Epigenetic targets such as WDR5 represent an ... contribute significantly in precision medicine for cancer patients. ...
(Date:6/23/2016)... Cancer Foundation (PCF) is pleased to announce 24 new Young Investigator (YI) ... of the Class of 2016 were selected from a pool of 128 applicants ... the Class of 2016 PCF Young Investigators ... ... ...
(Date:6/23/2016)... , ... June 23, 2016 , ... STACS DNA Inc., ... Leader at the Arkansas State Crime Laboratory, has joined STACS DNA as a Field ... DNA team,” said Jocelyn Tremblay, President and COO of STACS DNA. “In further expanding ...
Breaking Biology Technology: