Boston, MA -- (SBWIRE) -- 01/19/2015 -- Facial recognition is a technology used for the identification of individuals. Facial recognition system measures the overall facial feature of a person such as nose, jaw edges, mouth, and the distance between eyes. Facial recognition is used for access control in restricted or high-security areas such as private and public buildings. Facial recognition is largely used in the Government, Financial, Transit, and Aviation sectors to identify and authenticate individuals. Facial recognition system is widely accepted because it is non-intrusive and can be performed from a distance of around more than two foot. Most of the facial recognition systems work without the consent of individuals. Therefore, this system does not demand an individual to stand against the camera for the scan. Rather it locates the individual face and accomplishes the process of identification against the facial data stored in the database.

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TechNavio's analysts forecast the Global Facial Recognition market to grow at a CAGR of 25.7 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Facial Recognition market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of facial recognition systems.

The report offers a detailed analysis of Global Facial Recognition market in the following sectors:

- Financial
- Government
- Transit

TechNavio's report, the Global Facial Recognition Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, the Middle East and Africa (MEA) region, and North America; it also covers the Global Facial Recognition market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Regions

- APAC
- Europe
- Latin America
- MEA
- North America

Key Vendors

- 3M Cogent
- Cognitec Systems
- NEC
- Safran Group

Other Prominent Vendors

- Airborne Biometrics
- Animetrics
- Anviz
- Aware
- AxxonSoft
- Bio-Enable
- Cross Match Technologies
- Cybula
- Delphi
- Eurotech
- FaceFirst
- Herta Security
- Intelligent Security Systems
- iOmniscient
- iViewSystems
- Lodge Service
- PSP Security
- RCG Holdings
- Smartmatic

Market Driver

- Increased Number of Unauthorized Intrusions
- For a full, detailed list, view our report

Market Challenge

- High Cost of Implementation
- For a full, detailed list, view our report

Market Trend

- Increased R&D Spending
- For a full, detailed list, view our report

Key Questions Answered in this Report

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: 3M Cogent, Cognitec Systems, NEC, Safran Group, Airborne Biometrics, Animetrics, Anviz, Aware, AxxonSoft, Bio-Enable, Cross Match Technologies, Cybula, Delphi, Eurotech, FaceFirst, Herta Security, Intelligent Security Systems, iOmniscient, iViewSystems, Lodge Service, PSP Security, RCG Holdings, Smartmatic

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