Research: Facial Recognition Emerging As Fastest Growing Segment Of Biometrics Market
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 to 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, the facial recognition techniques is estimated to grow at a CAGR of around 31 percent during 2011-2013, says a new research report “Global Biometric Forecast to 2012” from RCNOS.
Moreover, the report provides detail knowledge about other growth drivers, which includes the emergence of 3D technology as a more accurate complement or replacement to 2D, its little impact on existing processes and systems while deploying and many more. Besides, the report presents the segmentation of the biometric market in terms of technology and identifies AFIS as the most dominating segment.
“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.