The analysts forecast global 3D facial recognition systems market to grow at a CAGR of 36.07% during the period 2018-2022. 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.
Major key players in the global 3D facial recognition systems market: Animetrics, Artec Europe, IDEMIA, and Sensible Vision.
According to the 3D facial recognition systems market 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 3D facial recognition systems market 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.
Key questions answered in this 3D facial recognition systems market report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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