"The growing surveillance market is driving the face recognition market"
The face recognition face attendance market is expected to grow from USD 3.35 billion in 2016 to USD 6.84 billion in 2021. From 2016 to 2021, the compound annual growth rate is 15.3%.
In today's corporate world, the increasing demand for surveillance has become one of the main factors driving the face recognition market. The emergence of high-resolution three-dimensional face recognition technology, iris recognition, employee attendance, and other new technologies have solved the pure defects of face recognition technology. However, integrating new facial recognition technology with existing legacy systems has limited the development of facial recognition access control system solutions on the market.
"Government applications will gain the greatest traction during the forecast period"
The application of facial recognition in government departments is divided into two departments, namely, national security and military. Facial recognition technology is rapidly integrating into the national security framework. The application of next-generation identification schemes to generate a nationwide centralized database of criminal images and other biometrics, government initiatives will promote the development of this market in the next few years.
In the military field, the use of facial recognition technology has increased over the years. This section uses many facial recognition technologies to reduce threats related to terrorism and border securities. Increasing concerns about the maintenance of military base camps and military strategically sensitive areas will affect the adoption of facial recognition technology.
"The Asia-Pacific region is predicted to have the highest growth rate during the forecast period"
From the perspective of the use of facial recognition software, there is a lot of room for development in the facial recognition market in the Asia-Pacific region. Due to the huge government investment in security and surveillance infrastructure, increased public awareness, and the emergence of sophisticated technologies supported by analysis, the facial recognition market in the Asia-Pacific region is expected to grow substantially. In addition, with the advancement of technology, government regulatory agencies have imposed mandatory regulations on the best technologies and standards. The rapid expansion of enterprises in the Asia-Pacific region will become another important change in the development of the facial recognition market.
Finally, the facial recognition access control integrated machine has become an inseparable part of life. It can not only help corporate employees to check attendance, but also quickly pass facial recognition on high-speed trains, reducing queue time and so on.
Author: Written by Mr.Andy Zhang from S4A INDUSTRIAL CO.,LIMITED
Factory Address:Building S4A, South Third Lane, Qiuyuling Street, Zhangkeng Village, Hengli Town, Dongguan City, Guangdong Province Office Address:#601,floor 6 ,building 1,JINFANGHUA industrial zone, Bantian St. Longgang Dist. Shenzhen, PRC.
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