Global 3D Facial Recognition Systems Market 2018-2022
About 3D Facial Recognition Systems
The 3D facial recognition system is used to authenticate an individual by using 3D geometry of his/her face.
Technavio’s analysts forecast the global 3D facial recognition systems market to grow at a CAGR of 36.07% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global 3D facial recognition systems market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 3D Facial Recognition Systems Market 2018-2022
Technavio recognizes the following companies as the key players in the global 3D facial recognition systems market: Animetrics, Artec Europe, IDEMIA, and Sensible Vision.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is face recognition using photo on social networking sites. Facebook has been the most widely used social network sites to upload personal information and photos. The features which enables a user to tag the photos has opened a new opportunity for human identification.”
According to the report, one driver in the market is increasing adoption of 3D facial recognition in healthcare sector. 3D facial recognition is end-to-end electronic process that ensures customer convenience and compliance with security regulations such as Health Insurance Portability and Accountability Act (HIPAA).
Further, the report states that one challenge in the market is availability of advanced biometric readers. 3D facial recognition system is widely adopted in many sectors such as government, financial, transit, defense, and aviation because of its high accuracy rate. However, the growing popularity of other advanced biometric systems such as palm vein recognition and iris recognition systems are hampering the growth of the global 3D facial recognition systems market.
Animetrics, Artec Europe, IDEMIA, and Sensible Vision.
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