QYR Market Research Global Face Recognition Systems market research | Page 4

QYResearch
The global facial recognition market is analyzed on the basis of parameters such
as type of technology, end-use industry and geographic regions. Of the different
technology types, the 2D facial recognition technology segment contributed a
significant revenue share （about 59.67%） in the global market in 2016. This is
due to the adoption and acceptance of 2D facial recognition technology in
surveillance, which is primarily due to its low cost and easy installation using
existing cameras. The market for 3D facial recognition technology, that offers
better and accurate results, is expected to record steady growth as compared to
2D technology. Furthermore, the facial recognition market is witnessing
development of facial analytics systems that help generate descriptive metadata
about a given face, apart from simple identification. This has resulted in the use
of facial recognition technique as both identification and authentication tools.
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face-recognition-systems-market
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