A recent report from MarketsandMarkets has conducted research on the facial recognition market and suggests that the biometric modality could play a significant role in authentication by 2018.
Examining the facial recognition market from in terms of the areas of emerging technology, solutions, software, hardware and services, the report seeks to provide readers with an accurate prediction of where facial recognition is headed.
The report suggests that facial recognition technology is slowly proving that it can be used as a viable technology for authentication and identification across all market sectors. So confident is that report that it predicts facial recognition will become as pervasive as fingerprint technology is today.
To better characterize the facial recognition market, the report has segmented the technology into six distinct categories:
Technology and solutions: 2D, 3D, thermal, emotion, forensic and mobile facial recognition technologies
Components: Hardware, software and services
Software types: Face recognition algorithm/SDK, middleware, database, modeling and restructuring and analytics software
Service types: Consulting services and cloud-based services
End-users: Government and public utilities, enterprises, and consumer and home
Regions: North America, APAC, Europe, MEA and Latin America
Advances in the technology have taken facial recognition beyond the traditional application of facial detection. As the report explains, current uses of the technology has allowed for refined search engine queries based on facial images and photo tagging apps, leading to age, sex and ethnicity identification of people in retail stores and other public locations.
Other recent implementations have enabled the gathering of intelligence on buying and traffic patterns in various retail shops, the identification of missing persons or lawbreakers in riots and sporting events. Current generation facial recognition systems are capable of recognizing and extrapolating emotions from facial expressions, making it a powerful tool in the study of consumer or public behavior.
The report covered all relevant global regions including North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA). To accompany its global representativeness, MarketsandMarkets has also profiled the leading players in the facial recognition market, a list that includes NEC, Cognitec Systems, Safran Group (Morpho), 3M, Animetrics, ZK Software, RCG Holdings, Cross Match Technologies and Merkatum Corporation.