Facial recognition is the biometric technique utilized for identification and authentication of individuals by investigating various facial features from an image with the support of stored facial database. This technique is estimated to register high growth during the forecast years due to its wide adoption in both applications that include non-law enforcement and law enforcement. Facial recognition technology is highly preferred when compared to other biometric techniques, namely, iris recognition, voice recognition, skin texture recognition, and fingerprint scanning, due to its easy deployment with the help of cameras and other monitoring devices. Presently, this technology is being highly used for marketing and security purpose.
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However, reduced accuracy and high cost of implementation has hampered the growth of this market. Maintenance costs and middleware costs combine together to give rise to implementation cost. However, some manufacturers, such as FaceFirst, Inc., have begun the use of efficient algorithms, such as PCA, FFT, to improve accuracy and reduce incurred costs of facial recognition technology. Therefore, lack of accuracy and high cost of implementation will reduce their impact during the forecast years.
The key companies included in the global facial recognition market are 3M Company, NEC corporation, Cognitec Systems GmbH, Safran Group, Aware, Keylemon, Daon Inc., nViso, Ayonix, and Animetrics. The technology of facial recognition is highly used when compared to other biometric techniques, such as iris recognition, voice recognition, skin texture recognition, and fingerprint scanning, due to its easy deployment with the help of cameras and other monitoring devices.
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