Abstract
Rising Awareness and Increasing Security Concerns Boost Face Recognition
Biometrics Market
Growth opportunities abound in the face recognition biometrics market with
government and non-government enterprises evincing keen interest in implementing
biometric solutions to combat terrorist attacks. Lucrative new markets arise
specifically in areas of border control, immigration application, and passenger
processing at airports giving this technology new life. The sudden interest is
spurring performance evaluation and deployment in hitherto unexplored
territories.
This Frost & Sullivan research service analyzes the World face
recognition biometrics market. It provides key market drivers, restraints
affecting growth, and offers a detailed competitive market analysis. The
research provides a seven-year revenue forecast across different vertical,
application, and geographical segments. It provides detailed insights into
recent developments, trends, and emerging applications.
New Legislations and Database Mining Applications are Spurring Growth
"Important new legislations and standardization efforts by industry
associations have given a tremendous impetus to face recognition
biometrics," say the analysts of this research. The International Civil
Aviation Organization (ICAO) recommends its usage as best suited in
machine-readable travel documents (MRTD). Moreover, the U.S. Enhanced Border
Security and Visa Entry Reform Act mandates the use of biometrics in travel
documents, passports and visas, boosting biometric equipment and software
adoption levels. It also mandates ICAO recommendations to be followed. With huge
impending investments by these segments, participants targeting it can expect to
witness high revenue growth.
Additionally, applications that require database mining hold great promise.
Though face recognition technology experiences stiff competition from other
biometric technologies in traditional areas of application such as physical
access control and PC/network security, the technology is ideal for database
mining applications such as driver's license programs, and casino surveillance.
"Face recognition technology's ability for database mining can be used to
prevent multiple identities in driver's license, passport and visa databases.
"Since facial images are an intrinsic part of driver's licenses, visas and
passports, there is a clear fit of face recognition technology," say the
analysts.
Better Technologies Likely to Drive Growth
Consistent R&D efforts by manufacturers are directed toward improving
accuracy and reliability of face recognition technology. Face recognition
biometrics is in its early growth stage and needs high investments to boost
market growth and solve the dual purpose of creating demand and generating
awareness. "With functionality improvements in the future and better
technologies such as 3D face recognition, customers are likely to get better
value for money," inform the analysts.
New application opportunities include expedited passenger processing and
surveillance applications in the post 9/11 era. Face recognition's capability to
perform one-to-many searches also enables applications that involve database
mining.
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