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Facial Recognition Market – Global Opportunities & Forecast, 2020-2027 - Gurgaon
Wednesday, 30 September, 2020
Item details
City:
Gurgaon, Haryana
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Offer
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The primary factor propelling the growth of the global facial recognition market is the growing technological advancement across various industry verticals globally. The public and private sectors are mainly aiming to improve their high security level, which will boost the emerging demand of the market. Moreover, the increasing number of incidences of terrorist attacks in different government organizations will further promote them to opt for surveillance systems to enhance their safety and security level. The facial recognition system is highly cost-effective and can quickly capture an image from a distance. The rapid technological advancement in these systems, such as 3D-based recognition systems and cloud-based services, will bring numerous growth opportunities in the market.
The growing demand for facial locks in the smartphones and increasing penetration of smart devices are the emerging facial recognition market trends, strengthening market growth during the forecast period. Drones have been highly used in the commercial sectors, such as media & entertainment, surveying, and inspection, thus accelerating the growth of the facial recognition market size. On the other edge of the spectrum, the lack of accuracy, increasing sensitivity towards shared personal data, and the rising cost of implementing facial recognition systems are key factors hampering market growth.
Visit: httpswww.gmiresearch.com/report/global-facial-recognition-market/
The growing demand for facial locks in the smartphones and increasing penetration of smart devices are the emerging facial recognition market trends, strengthening market growth during the forecast period. Drones have been highly used in the commercial sectors, such as media & entertainment, surveying, and inspection, thus accelerating the growth of the facial recognition market size. On the other edge of the spectrum, the lack of accuracy, increasing sensitivity towards shared personal data, and the rising cost of implementing facial recognition systems are key factors hampering market growth.
Visit: httpswww.gmiresearch.com/report/global-facial-recognition-market/
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