Transparency Market Research Reports compiled a definite business overview and investigation on "Facial Recognition Market." This report incorporates more insight about fundamental areas of the business including definitions, requisitions, and worldwide business sector industry structure.

Facial recognition technology as a biometric security measure has gained significant traction in recent years driven by growth in security measures around the globe which itself is propelled by rise in incidents of crime and terrorism.

The components of facial recognition market include hardware, software, and services.

Software utilized in this industry include modeling, database, and analytic software.

The various technology segments comprise of 2D, 3D, emotion, thermal, mobile and forensics.

Government, defense and transportation (including airports, railways, and other mass transportation) represent a major chunk of the market, however, other sectors including retail, BFSI, industrial, hospitality, residential, stadiums, healthcare, and educational institutions are expected to see a significant growth over the coming years.

The demand for this technology is growing steadily across all industry verticals and is poised to become as ubiquitous as fingerprint technology over the long term.

Emerging trends and opportunities in the market include refining search engine results on the basis of facial images and photo tagging applications, gathering intelligence on buying and traffic pattern in various retail shops, and identification of missing persons.

Further, innovative cloud services based on face recognition technologies are expected to gain increased traction in the market.