Market research firm Research and Markets has released new analysis regarding the worldwide face biometrics market. The aptly titled report, “Analysis of the Global Face Biometrics Market” covers the period spanning 2013 to 2020 and offerse insight into the current state of facial recognition technologies around the world.
Among the report’s findings are some interesting tidbits of industry information. Research and Markets points to significant growth opportunity thanks to the expectation that emerging economies like Brazil, India, Russia, South Africa and China as well as the Middle East will embrace face biometrics. Currently, the majority of the market share belongs to Europe and North America.
Additionally, the new analysis singles out systems integrators as very powerful parties when it comes to market growth.
Of particular note is the report’s highlighting of border control as an area of strong growth in terms of government applications. Border control is becoming increasingly automated in an ongoing quest to make international travel easier on people without sacrificing security. The process is multi-modal, with existing deployments around the world featuring fingerprint and iris recognition, but face biometrics do also carry their fair share of the weight in this vertical.
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November 20, 2014 – by Peter B. Counter
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