04 March 2019
Visiongain has launched a new cyber report Facial Recognition Technology Market Report 2019-2029: Forecasts by Type (2D, 3D, and Facial Analytics); by Component (Hardware, Software, and Services); by Application (Access Control, Law Enforcement, Emotion Recognition, Attendance Tracking & Monitoring, and Others) and By Industry Vertical (Government, Homeland Security, Military, BFSI, Retail, Healthcare, and Others) and Analysis on Leading Companies and Regional and Leading National Market Forecasts and Analysis.
In the current market landscape, organisations are witnessing the need for robust authentication techniques to provide convenience and security as their customers access sensitive information and data. To avoid the glitches of the password-based authentication, these organisations are now moving moved towards multi-factor authentication. The concerns regarding data security are increasing rapidly owing to the growth of digital content and the increasing number of data breaches. Digital security is a crucial issue witnessed by these organisations that have a broad customer base and a few security solutions. The threats regarding data security have become difficult to detect owing to significant growth in the customer base, the rise in IoT penetration, and the rise in digital content. Also, the demand for advanced security systems in government agencies and the civil sector is surging. This has created growth opportunities for the global market. Further, the increasing adoption of biometrics-based security measures paired with advancements in the development of robust solutions has propelled the growth of the facial recognition systems market.
The Visiongain report analyst commented "Currently, the 2D facial recognition technology dominates the global facial recognition technology market in 2019. The high share of the segment can be attributed to higher functionalities and commercialisation of this technology. It is expected that 3D facial recognition technology is expected to surpass 2D owing to better security functionalities, steadily increasing adoption and the high cost of the system."
Leading companies featured in the report who are developing facial recognition technology including 3M, Cognitec Systems GmbH, NEC Corporation, Gemalto, Nuance Corporation, Daon, IDEMIA, ZKTeco, Cross Match Technologies (ASSA Abloy), Ayonix Corporation, and Aware Inc.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The lead analyst of the report said, North America generated the highest revenue in 2020 accounting for $5.07 billion. There is a huge market for IoT security in North America. North American homes have the highest density of internet of things (IoT) devices of any region in the world, according to researchers at Stanford University and Avast.
23 March 2020
Generally speaking, cyber insurance provides companies or persons with economic security and covers against Internet-based risks. It helps to protect their assets and viability, and, unsurprisingly, costs far less than the price of shutting down business operations.
20 January 2020
Organisations are increasingly adopting IIoT for improved operational efficiency, improved uptime, and asset utilisation through predictive maintenance and remote management.
03 January 2020
With new technologies being developed on an almost daily basis, the cybersecurity industry has become one of today’s fastest-growing sectors. This is in large part due to the increasing numbers of web-savvy individuals and more services moving to online platforms than ever before. As one of today’s leading market insight firms, Visiongain has made it a point to provide the …