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The Facial Recognition Market is Booming Owing to the Unfortunate Rise in Criminal Activities: Crystal Market ResearchLAS VEGAS, March 14, 2018 /PRNewswire/ -- Facial Recognition is a biometric application which captures picture and uses it to recognize people by applying facial investigation and contrasting it with the current database. Facial recognition systems are regularly used for security purposes, particularly in the surveillance sector but as of late the usage of facial recognition in different applications has advanced. The facial recognition market is driven by the expanding criminal activities globally. Attributable to these factors the Facial Recognition market is anticipated to reach approximately USD 8.96 billion by 2023 from USD 2.78 billion in 2014, while registering itself at a compound annual growth rate (CAGR) of 13.87% during the forecast period. (Logo: http://mma.prnewswire.com/media/525277/Crystal_Market_Research_Logo.jpg ) Report Preview with Table of Contents and Data Tables on "Facial Recognition Market By Component, Technology And End User - Global Industry Analysis And Forecast To 2023" https://www.crystalmarketresearch.com/report/facial-recognition-market Technology Outlook and Trend Analysis: With advancements in technology, facial recognition systems are currently being composed and delivered extensively. Rising criminal activities such as theft, terrorist attacks and data breaches have brought about rising requirement for secure confirmation solutions. The expanding requirement for upgraded surveillance and observing at public spots and the expanding usage of facial recognition technologies in enterprises, for example, the government is a major growth factor for this market. As the government offices possess sensitive data, it is imperative to install potent surveillance systems to avoid data breaches and attacks. Moreover, several benefits offered by facial recognition systems, such as, being a non-contact recognition systems makes it preferable over other recognition frameworks like fingerprint scanning, voice recognition or iris recognition systems. Nonetheless, high cost of implementaion and low accuracy negatively affect the development of the market. The Facial Recognition market by component is split into software and services. Based on technology the market is split into Databases, Facial recognition software and Software Development Kit (SDK), Analytics solutions, Solution type and Modeling and restructuring. By end user the market is split into Government and Enterprises. Prominent Players: The Prominent players in the market are Cognitec Systems, Ayonix Corp, Animetrics, KeyLemon, Safran Identity and Security, Techno Brain, Aware, Gemalto, NEC and Herta Security. Based on geography, the market is split into North America, Europe, Asia Pacific and Rest of the world. View sample pages of this report @ https://www.crystalmarketresearch.com/report-sample/SE01544 Application Outlook: Facial recognition services play a significant part in face detection and recognition, and comprise training and consulting services and cloud-based facial recognition services. Facial recognition services are useful for homeland security, governments, healthcare, retail, and military. Regional Outlook and Trend Analysis: Region-wise, North America will be one of the biggest revenue generators during the forecast period, owing to higher adoption rate of advanced technologies at the initial stages for defense and homeland security. Moreover, incorporating facial recognition for border security by detecting passport fraud is also a key factor impelling the market's growth in this region. Factors such as major investments from the government sector for enhancement of security and surveillance infrastructure, increased public awareness, and the development of sophisticated technologies equipped by analytics are said to be driving the facial recognition market growth in APAC significantly. The Facial Recognition Market is segmented as follows: By Component: Services Software tools By Technology: Solution type Databases Facial recognition software and Software Development Kit (SDK) Modeling and restructuring Analytics solutions By End User: Enterprises Government Others Major Players Cognitec Systems Ayonix Corp Animetrics KeyLemon Safran Identity and Security Techno Brain Aware Gemalto NEC and Herta Security To avail discount, please click on the link - https://www.crystalmarketresearch.com/check-discount/SE01544 About Crystal Market Research: Crystal Market Research is a market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy. Contact: Blog: https://blog.crystalmarketresearch.com Website: http://www.crystalmarketresearch.com Connect with us: LinkedIn | Twitter | Facebook 
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