Global advanced Facial Recognition Market Expected to Grow From $2.77 Billion in 2015 to $6.19 Billion in 2020, at an Estimated CAGR of 17.4%

May 29, 2015, 09:27 ET from Research and Markets

DUBLIN, May 28, 2015 /PRNewswire/ -- Research and Markets ( has announced the addition of the "Facial Recognition Market by Solution, by Software, by Hardware, by End User - Global Forecast to 2020" report to their offering.

The last few years, have seen facial recognition technology become more efficient and cost effective. This has helped the technology to gain traction and investment from the commercial sector. The development of 3D facial 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.

This study is done to understand the structure of the facial recognition technology ecosystem, including hardware and software and is intended to help the vendors to better serve their end users in an effective manner. The overall facial recognition market size in this study has been defined as the summation of overall spending by government, enterprises, and consumer & household sector on the facial recognition technology. The facial recognition technology market size has been further segmented across various regions, namely North America, Europe, APAC, MEA, and Latin America.

The advanced facial recognition market is expected to grow in the coming years due to increasing use of facial recognition software across industries. In addition to government and utilities which is the one of the highest contributor to the market end users such as consumer and homes and enterprises are also deploying these solutions to enhance their security at their premises.

Key Topics Covered

  1.  Introduction
  2.  Research Methodology
  3.  Executive Summary
  4.  Premium Insights
  5.  Market Overview
  6.  Industry Trends
  7.  Advanced Facial Recognition Technology Market Analysis, By Solution
  8.  Advanced Facial Recognition Technology Market Analysis, By Software
  9.  Advanced Facial Recognition Technology Market Analysis, By Hardware
  10.  Advanced Facial Recognition Market Analysis, By End User
  11.  Geographic Analysis
  12.  Competitive Landscape
  13.  Company Profiles
  14.  Appendix

Companies Mentioned

  • 3M
  • Aware
  • Cognitec Systems
  • Daon
  • Gemalto
  • Imagus Technology
  • NEC
  • RCG
  • Safran
  • Xid Technologies

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SOURCE Research and Markets