Information Communication and Technology Reports Facial Recognition Industry Research Report | Page 2

On the basis of end-user vertical, the facial recognition market is segmented into government, enterprises, and other end-users. The other end-users segment includes casinos, public places, automotive, mobile application, and Homeland Security, out of which, the government end-user vertical is expected to grow at the highest CAGR during the forecast period. Facial recognition technologies are widely being implemented by this sector for creating a safe environment, with enhanced security for the public. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period Among the 5 regions, North America is expected to have the largest market size in the facial recognition market during the forecast period. The North American region has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. A considerable growth is expected in the region during the forecast period. The major initiatives taken for the facial recognition technology have their origin in this region. The smart city initiatives taken by the government in this region has positively impacted the adoption trend of the facial recognition technology to enhance the monitoring and improve the surveillance. The facial recognition market faces many challenges. For instance, earlier the 2D technology was used for face recognition, where the captured images were highly dependent on the illumination conditions. The illumination conditions significantly affected the quality of the image. The other challenge was the incompatibility of integration between software tools and biometric hardware devices. Browse Complete Report @ https://www.marketsandmarkets.com/PressReleases/facial-recognition.asp About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: [email protected] Visit Our Website: https://www.marketsandmarkets.com