RNCOS, an industry intelligence and analysis company, has released a new report titled Global Biometric Forecast to 2012 which predicts large growth in facial recognition expecting a compound annual growth rate of 31%.
Among such drivers is the ability of face recognition to act as both a verification and identification tool as it can be integration into surveillance systems. Although the report identifies face recognition as the fastest growing segment of the biometric market through 2012, it still states automated fingerprint identification systems as remaining the most dominant.
While the authors of the report explain part of the large expected growth is due to an increase of acceptance of biometric technology, phasing out of old technology, dropping costs for implementation and new innovations, it also details some aspects specifically driving facial recognition’s growth.
Facial biometric systems can be used in a covert manner for surveillance as a person’s face is easily captured by video technology. The main factor, which has surged the demand for this technology is the capability of surveillance offered exclusively by this technology.
A sample of the report can be downloaded here.