Facial recognition technology has emerged as the fastest growing technology among the biometric technologies accepted worldwide and will continue to follow the same trend in future also. Facial recognition technology is applicable for both verification and identification. In addition, it is the only biometric system that can routinely be used in a covert manner for surveillance as a person's face is easily captured by video technology. The main factor, which has surged the demand for this technology is the capability of surveillance offered exclusively by this technology. Consequently, facial recognition is estimated to grow at a CAGR of around 31 percent during 2011-2013, according to RNCOS research report “Global Biometric Forecast to 2012.”
Facial recognition technology has emerged as the fastest growing technology among the biometric technologies accepted worldwide and will continue to follow the same trend in future also. Facial recognition technology is applicable for both verification and identification. In addition, it is the only biometric system that can routinely be used in a covert manner for surveillance as a person's face is easily captured by video technology. The main factor, which has surged the demand for this technology is the capability of surveillance offered exclusively by this technology. Consequently, facial recognition is estimated to grow at a CAGR of around 31 percent during 2011-2013, according to RNCOS research report “Global Biometric Forecast to 2012.”
Our report provides detail knowledge about other growth drivers, which includes the emergence of 3-D technology as a more accurate complement or replacement to 2-D, its little impact on existing processes and systems while deploying and many more. The report presents the segmentation of the biometric market in terms of technology and identifies AFIS as the most dominating segment.
RNCOS' team of experts has clearly segmented the biometrics market in terms of geographical regions, biometric technologies, biometric applications, and biometric verticals. The report also describes in detail the initiatives taken by several countries to support the growth of biometric market.
“Global Biometric Forecast to 2012” provides thorough research and rational analysis along with reliable statistics of the global biometrics market. The report also provides extensive information on the traditional markets and the emerging technologies. Besides, an insight of trends prevailing in the regional biometrics segments across the globe has been covered in the report. Analysis and statistics regarding market size, growth, share, segmentation, and geographic distribution have been thoroughly studied in the report to present a comprehensive view of the global biometrics market. The report has thoroughly examined current market trends, industrial developments and the competitive landscape to enable clients understand the market structure and its progress in coming years.