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Analysis of the Global Face Biometrics Market : 3D-face Recognition Augmenting Short Term Growth Especially in Government Applications

  • November 2014
  • 81 pages
  • Frost & Sullivan
Report ID: 2481589

Summary

Table of Contents

Key Findings

•The global market for face biometrics across government and commercial applications is at the growth phase of the Gaussian curve. It is expected to grow at a compound annual growth rate (CAGR) of xx % between 2013 and 2020.
•North America (NA) and Europe account for a major share of the world market, with this trend expected to continue over the forecast period. Emerging economies such as Brazil, India, South Africa, the Middle East, Russia, and China are expected to embrace this technology, thereby offering considerable growth opportunities.
•Multimodal solutions constitute a major share of the face biometrics market as against standalone solutions.
•Among various government applications, border control is expected to dominate the market over the forecast period. Across government and commercial applications, surveillance is expected to be a key application for usage of face biometric solutions.
•As projects in the government sector are finalized through tenders and contracts, system integrators hold the majority of power in this market. Hence, the choice of system integrator plays a major role in the successful implementation and integration of biometric systems over the forecast period.
•Performance, accuracy, and reliability are vital to biometric solutions and have been major points for potential success or failure in the adoption of face biometrics across applications.

CEO’s Perspective

Border control and law enforcement are expected to offer considerable growth opportunities.
3D-facial recognition is expected to augment growth prospects.
NA and EMEA constitute a major chunk of the global market, while APAC contributes the highest growth.
Regulatory mandates and procedures in compliance with medical standards are necessary to favour biometrics adoption.
Middleware is expected to continue its dominance over the forecast period.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
What are the key growth drivers and restraints for the market?
What are the potential areas of growth both globally and regionally?
How will the structure of the market change with time? Is it ripe for acquisitions?
What are the potential areas of growth globally by end user?
Are the vendors in the space ready to manage alone, or do they need partnerships to take their business to the next level?

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