The global facial recognition market is estimated to grow from $1.92 billion in 2013 to $6.50 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 27.7% from 2013 to 2018. In the current scenario, government and utilities are expected to be the largest adaptor for face recognition technology. In terms of regions, North America is poised to be the biggest market for face recognition. However, over the next five years, APAC will experience increased market traction, to become the biggest facial recognition market globally.

Complete report titled "Facial Recognition Market [Emotion; Thermal; Mobile; Forensic; 2D; 3D; Cloud-based Facial Recognition]: Global Advancements, Emerging Applications, Business Models and Worldwide Market Forecasts and Analysis (2013   –   2018)" is available here.

The major forces driving the market are growth of surveillance market and huge spending by the government across the globe on biometric technologies.

At the same time, various opportunities exist in consumer electronics segment, handheld devices segment, and innovative cloud services based on face recognition technologies (anonymous face analysis).

Over the past few years, Facial Recognition Market has crossed the chasm and has become more accurate, less costly, and significantly mainstream.

This has helped the technology to gain traction and investment from commercial sector.

The development of 3D face recognition technology backed by improved imaging solutions, middleware, and fast analytics has helped the technology to overcome its traditional flaws such as poor results in low lights, pose variation, and image reconstruction.

Facial recognition market companies discussed in this report include Airborne Biometrics, Animetrics Inc., Afix Technologies Inc., Aware Inc., Cognitec Systems, Cross Match Technologies, Fujitsu, Gemalto N.V., NEC Corp, RCG Holdings, Safetic, Safran Group, Suprema, ZK Software, 3M Cogent, Avalon Biometrics, Daon Inc., Digitalpersona Inc., Iris Id Systems Inc., Lumidigm Inc., Nextgen Id Inc., Nviso Sa, Neurotechnology, Oki Electric Industry, and XID Technologies.

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The report is based on the extensive research study of the facial recognition market and the related submarket within the ecosystem.

The report is focused to give a bird’s eye-view of the complete facial recognition industry with regards to technology and solutions, software, hardware and services.

It also provides revenue distribution of the market based on various industry vertical or end-users.

The report provides a unique view of the facial recognition market and how the market will evolve by 2018.

Segmentation of global face recognition market is done by types of technologies and solutions, components (hardware, software and services), industry verticals or end-users and regions.

The technology and solutions segment comprises of 2D, 3D, thermal, emotion, mobile and forensic technology. The software segmented is further segmented by face recognition algorithms/SDK, middleware, database, modelling, and analytic softwares.

Under the services segment the report covers consulting and cloud-based services.

The technology and components markets, along with each of their sub-segments are further bifurcated by regions.

Regions covered include North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).