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TechNavio Says Global Facial Recognition Market Will Experience Increased R&D Spending from 2015-2019
[November 26, 2014]

TechNavio Says Global Facial Recognition Market Will Experience Increased R&D Spending from 2015-2019


LONDON --(Business Wire)--

The Global Facial Recognition Market is expected to grow at a CAGR of 25.7 percent from 2015-2019, according to a new report from research firm TechNavio.

An increased number of security threats and intrusions are boosting demand for high-tech security solutions. Facial recognition is emerging as one of the leading solutions for identifying potential threats.

About the Report

The latest report by TechNavio highlights leading vendors in the Global Facial Recognition Market like 3M (News - Alert) Cogent, Cognitec, NEC and Safran that have increased their spending on R&D for biometric readers. More partnerships with suppliers and value-added resellers are also expected to significantly improve existing biometric systems.

"Companies are explicitly focusing on R&D to introduce inexpensive and advance solutions for customers," says Faisal Ghaus, Vice President of TechNavio.



"The increased focus on R&D has also resulted in the introduction of products with better accuracy and high integration ability. The greater accuracy, integration and low price of facial recognition systems are expected to enhance the adoption of these systems by 2019 and promote aggressive growth in the market."

Additionally, emergence of 3D facial recognition technology is also expected to drive the market growth through the projected period.


TechNavio currently has more than 3000 market research reports on a huge range of topics, including:

About TechNavio

TechNavio is a leading global technology research and advisory company.

Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].


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