TechNavio today launched its report Global Facial Recognition Market 2011-2014 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the key trends impacting this regional market.
Commenting on the report, an analyst from TechNavio™s IT Security team said, Recent terror attacks and constant threats to safety have created an urgent need for advanced security solutions. Facial recognition technology is one of the fastest-growing technologies within biometric technologies. It is used in a wide range of applications such as Verification, Identity, and Access control. With the emergence of 3D technology, it is fast evolving as one of the most preferred solutions.
According to the report, emerging markets such as retail and social networking sites are increasing the adoption of facial recognition technology. In the Retail sector, companies scan consumers™ faces to determine approximate age and gender, and a list of products are displayed on the interface based on the shopper™s specific profile.
The report also discusses key challenges impacting this market including the high cost of this technology.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-facial-recognition-market-2011-2014
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TechNavio Announces the Publication of its Report “ Global Facial Recognition Market 2011-2014
