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SUMMARY
Rising Awareness and Increasing Security Concerns Boost Face RecognitionBiometrics Market Growth opportunities abound in the face recognition biometrics market withgovernment and non-government enterprises evincing keen interest in implementingbiometric solutions to combat terrorist attacks. Lucrative new markets arisespecifically in areas of border control, immigration application, and passengerprocessing at airports giving this technology new life. The sudden interest isspurring performance evaluation and deployment in hitherto unexploredterritories. This Frost & Sullivan research service analyzes the World facerecognition biometrics market. It provides key market drivers, restraintsaffecting growth, and offers a detailed competitive market analysis. Theresearch provides a seven-year revenue forecast across different vertical,application, and geographical segments. It provides detailed insights intorecent developments, trends, and emerging applications. New Legislations and Database Mining Applications are Spurring Growth "Important new legislations and standardization efforts by industryassociations have given a tremendous impetus to face recognitionbiometrics," say the analysts of this research. The International CivilAviation Organization (ICAO) recommends its usage as best suited inmachine-readable travel documents (MRTD). Moreover, the U.S. Enhanced BorderSecurity and Visa Entry Reform Act mandates the use of biometrics in traveldocuments, passports and visas, boosting biometric equipment and softwareadoption levels. It also mandates ICAO recommendations to be followed. With hugeimpending investments by these segments, participants targeting it can expect towitness high revenue growth. Additionally, applications that require database mining hold great promise.Though face recognition technology experiences stiff competition from otherbiometric technologies in traditional areas of application such as physicalaccess control and PC/network security, the technology is ideal for databasemining applications such as driver's license programs, and casino surveillance."Face recognition technology's ability for database mining can be used toprevent multiple identities in driver's license, passport and visa databases."Since facial images are an intrinsic part of driver's licenses, visas andpassports, there is a clear fit of face recognition technology," say theanalysts. Better Technologies Likely to Drive Growth Consistent R&D efforts by manufacturers are directed toward improvingaccuracy and reliability of face recognition technology. Face recognitionbiometrics is in its early growth stage and needs high investments to boostmarket growth and solve the dual purpose of creating demand and generatingawareness. "With functionality improvements in the future and bettertechnologies such as 3D face recognition, customers are likely to get bettervalue for money," inform the analysts. New application opportunities include expedited passenger processing andsurveillance applications in the post 9/11 era. Face recognition's capability toperform one-to-many searches also enables applications that involve databasemining. TABLE OF CONTENTS
- EXECUTIVE SUMMARY
- Market Overview
- Introduction
- Competitive Analysis
- Major Research Findings
- Opportunities and Forecasts
- Conclusion
- TOTAL WORLD FACE RECOGNITION MARKET
- Overview
- Introduction
- Market Drivers
- Industry Challenges
- Market Engineering Analysis
- Forecast and Trends
- Market Forecasts
- Market Trends
- Technology Trends
- Competitive Analysis
- Competitive Structure
- Market Share Analysis
- Distribution Channel Analysis
- Application Market Analysis
- Overview
- Physical Access Control/ Time and Attendance
- PC/Network Security
- Government and Law Enforcement
- Transactional Authentication
- Other Applications
- Vertical Market Analysis
- Overview
- Government
- Financial
- Healthcare
- Travel and Transportation
- Other Verticals
- Frost and Sullivan Award
- GEOGRAPHIC REGION ANALYSIS
- Overview
- Introduction
- Market Trends
- Analysis by Geographic Region
- North America
- Europe Middle East & Africa
- Asia Pacific
- Latin America
- APPENDIX
- Decision Support Databases
- Number of Airports
- Air Passengers
- Number of Visitors to the US
- Number of ATMs
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