Navigation Links
Facial Recognition Market to Reach $6.5 Billion By 2018 at a CAGR of 27.7% - New Report by MarketsandMarkets

(PRWEB) May 27, 2013

Over the past few years, Facial Recognition Market has crossed the chasm and has become more accurate, less costly and significantly mainstream. This has helped the technology to gain traction and investment from commercial sector. The development of 3D face recognition technology backed by improved imaging solutions, middleware and fast analytics has helped the technology to overcome its traditional flaws such as poor results in low lights, pose variation and image reconstruction.


  • 86 Market Data Tables
  • 27 Figures
  • 171 Pages and in-depth Table Of Contents on “Facial Recognition Market”

Early buyers will receive 10% customization on this report.

The major forces driving the market are growth of surveillance market and huge spending by the government across the globe on biometric technologies. At the same time, various opportunities exist in consumer electronics segment, handheld devices segment and innovative cloud services based on face recognition technologies (anonymous face analysis).

The report Facial Recognition Market: Global advancements, Emerging Applications, Business Models and Worldwide Market Forecast and Analysis (2013 - 2018) defines and segments the global facial recognition market with analysis and forecasting of the global revenues. It also identifies drivers and restraints for this market with insights on trends, opportunities, and challenges.

MarketsandMarkets has segmented the face recognition market by types of technologies and solutions, components (hardware, software and services), industry verticals or end-users and regions. Face recognition technology and solutions segment comprises of 2D, 3D, thermal, emotion, mobile and forensic technology. The software segment is further segmented by face recognition algorithms/SDK, middleware, database, modeling and analytic software. Under the services segment, the report covers consulting and cloud-based services. The technology and components markets, along with each of their sub-segments are further bifurcated by regions. Regions covered include North America (NA), Europe, Asia-Pacific APAC, Middle East and Africa (MEA), and Latin America (LA).

The global facial recognition market is estimated to grow from $1.92 billion in 2013 to $6.50 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 27.7% from 2013 to 2018. In the current scenario, government and utilities are expected to be the largest adaptor for face recognition technology. In terms of regions, North America is poised to be the biggest market for face recognition. However, over the next five years, APAC will experience increased market traction, to become the biggest facial recognition market globally.

Buy a copy of this report @

Find related Reports to - Telecom and IT Market

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales(at)marketsandmarkets(dot)com
Connect with us on LinkedIn
Connect with us on Facebook

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. People With Borderline Personality Disorder May Misinterpret Facial Emotions
2. Greenville Oral & Maxillofacial Surgeons Announce CPR Re-Certification
3. Beach Bum Tanning & Airbrush Salon introduces Facial & Body Masks
4. O.C. Housewives Salon Victor Paul to Offer Reluma Human Stem Cell Derived Facial Care
5. Expanding the List of Anti-Aging Facials, Asheivlle, NC Skin Care Studio Adds More Value for Their Client
6. Dr. Hilger of Hilger Facial Plastics Serves as Main Course Director for Prestigious Rhinoplasty Course
7. Hamilton Facial Plastic Surgery Achieves Superior Facelift Results with New Technique
8. Dr. Andonis Terezides to Join Orlando Oral Surgeon Dr. Don Tillery in Providing Oral & Maxillofacial Surgical Procedures
9. Kentuckiana Oral and Maxillofacial Surgery Associates, PSC Announces the Hire of Will Allen, DMD
10. Facial dog bites in children may require repeated plastic surgery
11. Dr. Buckingham of Buckingham Center for Facial Plastic Surgery Re-Elected as Texas Medical Association Delegate
Post Your Comments:
(Date:11/25/2015)... ... November 25, 2015 , ... “While riding the bus, I ... Bronx, N.Y. “I thought there had to be a convenient and comfortable way to ... The PROTECTOR enables disabled individuals to safely travel during cold or inclement weather. In ...
(Date:11/25/2015)... , ... November 25, 2015 , ... ... (PHA) announces the nation’s Periwinkle Pioneers, individuals and groups responsible for advancing care ... disease. The Periwinkle Pioneers, nominated by the public, will receive special recognition throughout ...
(Date:11/25/2015)... ... November 25, 2015 , ... ... philanthropic seniors, is resulting in a way for homeless people to have a ... have launched a new initiative whereby they are repurposing plastic bags into sleeping ...
(Date:11/25/2015)... ... November 25, 2015 , ... Since its launch in 2012, ... adult stem cell therapies to patients with chronic degenerative medical conditions. Now, the ... Registered Trademark (RTM). , Organizations are required to hold a registered trademark in ...
(Date:11/24/2015)... ... November 25, 2015 , ... Genesis Chiropractic Software ... software creates an agreement between the practice owner and the patient that automatically ... notification, and projections. Click here to learn more. , ...
Breaking Medicine News(10 mins):
(Date:11/24/2015)... FRANCISCO , Nov. 24, 2015  Thanks to ... Dignity Health St. Mary,s Medical Center,s Sister Diane Grassilli ... breast imaging capabilities in San Francisco ... an anonymous friend, stepped forward with a gift of ... for Breast Digital Mammography with Tomosynthesis and Whole Breast ...
(Date:11/24/2015)... Colo. , Nov. 24, 2015  Array ... that its Chief Executive Officer, Ron Squarer ... Healthcare Conference in New York.  The public is ... webcast on the Array BioPharma website.Event:Piper Jaffray Annual ... , Wednesday, December 2, 2015Time:1:30 p.m. Eastern Time ...
(Date:11/24/2015)... HOUSTON, TX and VANCOUVER, Nov. 24, 2015 /PRNewswire/ ... EPI; NASDAQ: EPIX ) announced today that the ... clinical study of EPI-506 as a treatment for metastatic ... States and Canada.  --> ... --> In the Phase 1/2 clinical trial, ...
Breaking Medicine Technology: