Facial Recognition

  • New reports crack the biometrics markets

    It's frustrating when you can't remember your username and password to log in to an account. The good news, however, is that companies are now developing biometrics technology to eliminate this problem. The following reports examine the biometrics and facial recognition markets.

  • The report on global facial recognition market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. 

  • The facial recognition market is classified in terms of component, technology, and application. The technology division includes 2D, 3D, as well as facial analytics. Among these three, the 3D facial recognition technology division holds a considerable share in the global facial recognition market due to its high precision based on recognizing facial features as compared to the 2D facial recognition.

  • According to researchers, the Global Facial Recognition market is expected to grow from $4.05 billion in 2017 to reach $14.95 billion by 2026 with a CAGR of 15.6%.

  • Biometric system is a technology that uniquely identifies biological traits such as fingerprints, hand geometry, voice waves, DNA, signatures, earlobe geometry, and retina & iris patterns. Increase in application of biometric technology for better security purpose in airports, automobiles, offices, personal gadget, and others has led to significant market growth.

  • Facial recognition is the fastest biometric technology, which works with the most recognizable individual identifier – the human face. This biometric has been widely publicized as a phenomenal system for recognizing potential threats. The widespread applications of facial recognition technology have given rise to anticipations of it overtaking fingerprint biometrics as the most prevalent form of user authentication.

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    IBC 2017 pushed the boundaries of AI and robotic technologies with the showcase of Hanson Robotics’ Sophia, which emerged as the star of the technology conference. Sophia is a robot equipped with AI software that facilitates eye contact, facial recognition, understands speech and is capable of holding natural conversations and simulating human personality.