DUBLIN, May 9, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Facial Recognition Biometrics in Consumer Electronics Market 2016-2020" report to their offering.
The global facial recognition biometrics in consumer electronics is expected to grow at a CAGR of 102.42% during the period 2016-2020.
Facial recognition is being used by enterprises in the government; banking, financial services, and insurance (BFSI); and defense sectors for preventing unauthorized access to high-security areas and private and public buildings.
The growing acceptance of e-commerce and high adoption of consumer electronics among end-users is expected to increase the adoption of facial recognition systems for recognizing customers, determining their age and gender, and predicting their buying behavior. Based on these factors, e-retailers can tailor advertisements for customers, which will help them generate more revenue. E-retailers can also recommend products with better deals to their customers. This will enhance the shopping experience of the customers.
According to the report, growing usage of the internet, websites, and applications by end-users has led to an increase in the number of identity and data theft cases. With the growing popularity of social network websites, instances of identity theft cases have increased. With the increasing complexity of such attacks, awareness among end-users is increasing, which is forcing OEMs of consumer electronics to implement facial recognition solutions in laptops, smartphones, and tablets.
Further, the report states that the facial recognition market in consumer electronics is witnessing strong growth, but it continues to face strong competition from alternative technologies and products such as token-based two-factor authentication, swipe cards, and software authentication.
- Cognitec Systems
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Market landscape
PART 07: Life cycle analysis
PART 08: Market segmentation by application
PART 09: Market segmentation by end-user
PART 10: Geographical segmentation
PART 11: Buying criteria
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Emerging trends in key sectors
PART 17: Five forces analysis
PART 18: Vendor landscape
PART 19: Other prominent vendors
For more information visit http://www.researchandmarkets.com/research/svxw49/global_facial
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SOURCE Research and Markets