Software News

Software News!

Application and Enterprise Software News
Press release distribution service

Software Links: Application Software, Enterprise Software, Virus Software





 




Home > Software News:
  • Watch News Feed
  • Bestsellers Software

  • Facial Recognition Industry Driven By Demand Surge to Grow Exceptionally

    (I-SoftwareNews.Com, July 29, 2020 ) The global facial recognition Industry size is projected to grow from USD 3.2 billion in 2019 to USD 7.0 billion by 2024, at a CAGR of 16.6% during the forecast period. The major factors driving the market include the growing surveillance industry, the increasing government and defense deployment, and the rising technological advancements across verticals.

    Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=995

    Vendors covered in the facial recognition Industry report include NEC (Japan), Aware (US), Gemalto (Netherlands), Ayonix (Japan), Idemia (France), Cognitec (Germany), nVviso SA (Switzerland), Daon (US), Stereovision Imaging (US), Techno Brain (Kenya), Neurotechnology (Lithuania), Innovatrics (Slovakia), id3 Technologies (France), Herta Security (Spain), Animetrics (US), Megvii {Face++} (China), FaceFirst (US), Sightcorp (Netherlands), FacePhi (Spain), and SmilePass (UK). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions, to expand their presence in the facial recognition market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2017 to 2019 to innovate their offerings and broaden their customer base.

    Attendance tracking segment to be the fastest-growing segment during the forecast period

    Tracking attendance of students or employees is an important aspect for organizations in terms of resource planning, work allocation, and progress tracking. Tracking attendance manually is a time-consuming process. Hence, the deployment of facial recognition-based attendance tracking and monitoring is gaining traction across the globe. Once the facial data of employees is fed into the database, employees need to look at cameras for attendance, decreasing the time consumed in attendance and easing the process of tracking. Facial recognition gives negligible errors, such as proxy or face mismatch, unlike manual attendance tracking. Hence, the attendance tracking segment is expected to be the fastest-growing segment during the forecast period.

    Speak to our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=995

    Retail and eCommerce vertical to be the fastest-growing vertical during the forecast period
    Face recognition helps retailers proactively prevent organized retail crimes. The facial recognition technology-based system can instantly alert retail security the moment someone enters a store resembling a documented retail criminal. Facial recognition also keeps stores safer. Face recognition empowers security by preventing crimes before they occur. Face recognition improves retail customer experiences by instantly recognizing VIP customers who opt-in. Retailers can send tailored text messages to customers in stores that offer recommendations, discounts, and other offers. Hence, facial recognition is gaining traction in the retail and eCommerce vertical.

    Aware (US) is among the leading biometric suppliers to government organizations, healthcare organizations, and systems integrators, due to which it has a vast customer base. The majority of Aware’s revenue comes from the US and Brazil, where the company has a large customer base. The company is a leading global provider of biometrics software products, services, and solutions. The company’s linked software products include Software Development Kits (SDKs), applets, and controls; user interfaces applications, which are used for biometric enrollment and forensic analysis; and SDKs for various other uses, including fingerprint recognition, face recognition, and iris recognition. The company offers building blocks and integrated solutions as 2 of the major segments to cater the need of various application areas, such as law enforcement, border management, defense, intelligence, banking, citizen Identity Document (ID), and payments. The company offers 5 solutions in the facial recognition market, namely, Knomi, PreFace, Nexa|Face, FaceWorkbench, and AwareABIS. The company is focusing on developing a strong brand reputation to sell high-quality facial recognition software products and services to the government and commercial market with expert technical support and services.

    Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/facial-recognition-market-995.html


    MarketsandMarkets™

    Mr. Aashish Mehra

    1-888-600-6441

    raviraj.tak@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Media Sponsor

    I-SoftwareNews.Com Sponsors



    Software Advertisement

    I-SoftwareNews.Com Resources
  • Application Software
  • Bioinformatics
  • Computers
  • Computer Games
  • Enterprise Software
  • Graphics/Printing/CAD
  • Hardware/Peripheral
  • industrial Computers
  • Information
  • Internet
  • Multimedia
  • Networking
  • Public Sector
  • Robotics
  • Semiconductor
  • Software
  • Telecommunications
  • Webmaster
  • Information Technology Publications
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    The Integration Journey—a Field Guide to Enterprise Integration for SOA
    Government Technology\'s Public CIO
    Protecting Content During Business Disruption: Are You Covered?

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    I-SoftwareNews.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-SoftwareNews.com - Newswire and Press Release service of GroupWeb Media LLC