|
|
Home > Healthcare > Biotechnology > General Biotech
World Face Recognition Biometrics Markets
|
|
Research Overview
This Frost & Sullivan research service entitled World Face Recognition Biometrics Market provides a detailed analysis of this market by application, vertical sectors, and geographic regions. The vertical sectors include government, financial, healthcare, travel and transportation, and others, while the applications include physical access control/time and attendance, government and law enforcement, and others.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Application:
- Physical access control/time and attendance
- Government and law enforcement
By Vertical:
- Government
- Financial
- Healthcare
- Travel and transportation
- Others
Technologies
The following technology is covered in this research:
- Face Recognition Biometrics: Historically, facial images have been used to verify the identity of individuals. Facial recognition biometrics uses a computer-driven technology to identify if an individual is who he/she claims to be from a digital image. Essentially, face recognition biometrics compares selected facial features in a live image with a facial features database. Facial images are scanned using facial biometric identification techniques and are matched against a database of stored facial images. The primary driver is to identify terrorists or other individuals listed by government agencies in ’watch lists’.
Market Overview
Rising Security Concerns Set the Stage for Strong Growth of Face Recognition Biometrics Market
The spotlight on security has intensified considerably in the wake of global terror attacks and increasing threats to safety, driving governments across the world to tighten security measures. The demand for sophisticated security solutions is greater now than ever before. Advanced face recognition biometrics are ideally positioned to address this demand and are set to witness a compound annual growth rate (CAGR) of 27.5 percent from 2005 to 2012. Enhanced credibility of this technology combined with its rapidly growing awareness is also likely to provide a strong impetus to growth of the face recognition biometrics market throughout the forecast period. Concrete evidence in the form of successful deployments has also helped contribute to continued market growth.
North America is clearly leading the way in the uptake of face recognition biometrics, and this trend is likely to continue throughout the forecast period. "However, Europe, the Middle East, and Africa (EMEA) are likely to catch up very soon, with western Europe expected to significantly contribute to revenue growth in this region," says the analyst of this research service. "Asia Pacific is also set to emerge as a key region for the implementation of face recognition biometrics technologies."
Government Vertical Exhibits Highest Demand for Face Recognition Biometrics
Face recognition biometrics addresses the increasingly important need to verify the identity of individuals at vulnerable places such as airports. Using a computer-driven technology, these solutions generate a digital image from which it is possible to ascertain an individual’s claim about his or her identity. Accordingly, demand for these solutions is highest in the sensitive government and law enforcement and physical access control verticals which are likely to provide the main impetus for the growth of the market. However, the travel and transportation vertical is also expected to grow in importance during the forecast period.
Sustained technological advancements are doing much to raise the profile of face recognition biometrics. Prices are also likely to decline to some extent, making them more affordable and hence more attractive to a range of verticals. "Face recognition biometrics is poised for high growth activity and is anticipated to compete effectively with alternative biometrics technologies on price points and performance levels," says the analyst. "In addition, the suitability of face recognition biometrics for niche applications has created immense opportunities for face recognition products."
|
Similar Products
• Genentech, Incorporated
Published Jul 2008 by SGA Lists
• CV Therapeutics, Inc.
Published Jul 2008 by SGA Lists
• Amgen Inc.
Published Jul 2008 by SGA Lists
• Biogen Idec, Inc.
Published Jul 2008 by SGA Lists
• Millipore Corporation
Published Jul 2008 by SGA Lists
• Applera Corp-Applied Biosystems Group
Published Jul 2008 by SGA Lists
• Covance Incorporated
Published Jul 2008 by SGA Lists
• Gilead Sciences Inc.
Published Jul 2008 by SGA Lists
• Imclone Systems Inc.
Published Jul 2008 by SGA Lists
• Genzyme Corp.
Published Jul 2008 by SGA Lists
|
|
|
|
0 items
