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Facial Recognition Market Analysis, Market Size, Share,

Regional Outlook, Growth, Trends, Competitive Scenario
And Segment Forecasts, 2012 To 2020

Industry Insights
Increasing safety demand in government sector for worker identification and attendance is anticipated
to boost the facial recognition market over the next five years. Facial recognition uses biometric
technology which gives high level security for private and public sectors. It takes into consideration
chosen facial features and crosschecks them with a database to give authorization.
Facial recognition includes software, readers and related database for giving security along with
accuracy. This technique is immensely effective for averting security breaches as compared to classical
authorization techniques such as tokens and passwords. Technology developments such as 3D
recognition systems and cloud-based services are further anticipated to provide positive avenues to the
overall market growth.
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Factors such as plastic surgeries, makeup, aging and other such medical measures may concern the
effectiveness of these systems. Lack of exactness and high execution cost is expected to hamper the
market demand over the forecast period. Increasing data security demand has spurred acceptance
across organizations, which is compounded by augmented usage of individual devices as part of the
BYOD rule in the IT division.
Technology Insights
Facial recognition technologies include 3D, facial analytics and 2D. 2D technology is broadly used due to
its operational ease and low installation cost as it utilizes two-dimensional appearance recognition. This
technology is inappropriate in various conditions such as angles, expressions and varying environmental
conditions. 3D technology overcomes the limitations of 2D by using complex algorithms and high
definition. The 3D facial recognition market is estimated to nurture at a substantial rate over the next
five years. Rising technologies such as cloud-based solutions and facial analytics is expected to fuel the
market demand. Facial analytics is rapidly used in education & research, police and retail services to
determine varying attributes such as, gender, facial characteristics, age and others.
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End-Use Insights
The government sector is anticipated to be the key end-use segment over the forecast period due to
demand in law security and enforcement. As it is non-intrusive in nature, facial recognition is used for
covert monitoring. This technology is broadly used in finance and banking sector to counter frauds
which is estimated to boost market demand over the next five years. High technology implementation
cost is expected to pose a challenge to global market growth. However, growing technology
advancements such as cloud based solutions and facial analytics are anticipated to augment the market
growth.
Regional Insights
Facial recognition technology is widely used to address security requirements due to increasing external
and internal threats worldwide. North America is expected to be the key regional market over the next
five years owing to broad use of this technology in departments such as defense, security, homeland,
and justice among others. Initiatives such as e-KTP electronic ID project in Indonesia and UIDAI projects
in India are also anticipated to offer new favorable circumstances for the market in Asia Pacific region.

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Competitive Insights
The facial recognition technology market comprises companies including Animetrics Inc., Aurora
Computer Services Ltd., 3M Cogent, Aware Inc., NEC Corporation, Ayonix Inc., Precise Biometrics,
Nuance Communication, and FaceFirst. Increasing research & development to provide product
differentiation is anticipated to be the success factor for market players. Ayonix Inc. specializes in
dealing with real-time face recognition with use of IP cameras to recognize suspects in VIP customers
and public locations in sectors such as retail, hospitality, banking, and others.
Table of Contents
Chapter 1. Executive Summary
1.1. Facial Recognition - Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Facial Recognition Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Facial Recognition Value Chain Analysis
2.4. Facial Recognition Market Dynamics
2.5. Key Opportunities Prioritized
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Chapter 3. Facial Recognition Technology Outlook
3.1. 2D
3.2. 3D
3.3. Facial analytics
Chapter 4. Facial Recognition End-Use Outlook
4.1. Government
4.2. Military
4.3. Homeland Security
4.4. Banking & Finance
4.5. Retail
4.6. Others

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Chapter 5. Facial Recognition Regional Outlook
5.1. North America
5.2. Europe
5.3. Asia Pacific
5.4. RoW
Chapter 6. Competitive Landscape
6.1 3M Cogent
6.2 Animetrics Inc.
6.3 Aurora Computer Services Ltd.
6.4 Aware Inc.
6.5 Ayonix Inc.
Chapter 7. Methodology and Scope
7.1. Research Methodology
7.2. Research Scope & Assumption
7.3. List of Data Sources
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