Facial Recognition Market worth $6.5 Billion By 2018

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MarketsandMarkets Presents
Facial Recognition Market worth 6.5 Billion By
2018
http//www.marketsandmarkets.com/Market-Reports/fa
cial-recognition-market-995.html
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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 Browse 86 market data
tables and 27 figures spread through 171 pages
and in-depth TOC on Facial Recognition Market
Emotion Thermal Mobile Forensic 2D 3D
Cloud-based Facial Recognition Global
Advancements, Emerging Applications, Business
Models and Worldwide Market Forecasts and
Analysis (2013 2018). http//www.marketsandmar
kets.com/Market-Reports/facial-recognition-market-
995.html Request to Download PDF Brochure _at_
http//www.marketsandmarkets.com/pdfdownload.asp?i
d995
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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. Inquire Before Buying _at_
http//www.marketsandmarkets.com/Enquiry_Before_Bu
ying.asp?id995
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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). Request For
Customization _at_ http//www.marketsandmarkets.com/
requestCustomization.asp?id995 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.
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