Advancement in Face Recognition Technology Spurs Adoption Levels in New Applications.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Nov. 10, 2003 Face recognition biometrics The biological identification of a person. Examples are face, iris and retinal patterns, hand geometry and voice. Increasingly built into laptop computers, fingerprint readers have become popular as a secure method for identification. is striving to overcome performance inefficiencies and dispel skepticism skepticism (skĕp`tĭsĭzəm) [Gr.,=to reflect], philosophic position holding that the possibility of knowledge is limited either because of the limitations of the mind or because of the inaccessibility of its object. regarding its ability to meet the demands posed by emerging applications. New analysis from Frost & Sullivan (www.autoID.frost.com), World Face Recognition Biometrics Market, reveals that this market totaled revenues worth $21.5 million in 2002 and is poised to expand to $791.8 million by 2009. "Face recognition performs optimally in controlled conditions such as proper lighting conditions, consistent angle of image capture and facial orientation, but has performance issues in uncontrolled situations," say Frost & Sullivan Lead Biometrics Analyst Prianka Chopra and Research Analyst Deep Mehra. However, recent technological advances encourage face recognition biometrics deployment. There has been a marked improvement in the performance and reliability of this technology over the last couple of years due to increased emphasis by manufacturers on improving accuracy. 3D face recognition technology also offers an improvement in accuracy. Mandates are boosting adoption in areas such as travel related security, especially in immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. and visa documentations. "The passing of new important legislations and standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting efforts by industry associations have given a tremendous impetus Impetus is a stimulus or impulse, a moving force that sparks momentum. Impetus may also refer to:
Since this market is still in its initial growth stage, it requires higher levels of investment to boost growth, as well as marketing and branding efforts to solve the dual purpose of creating demand and generating awareness in the market. Although a lot of interest has been demonstrated in face recognition biometrics by government agencies across the world post 9/11 in their effort to adopt biometric bi·o·met·rics n. (used with a sing. verb) The statistical study of biological phenomena. bi products to safeguard their assets, very little actual implementation has been carried out. "The face recognition market is mainly driven by government and law enforcement application segments and with most developing economies experiencing difficult fiscal situations, funds earmarked for large-scale biometrics projects have been either frozen or delayed," adds Mehra. The need of the hour is to educate consumers about the actual performance parameters of these technology implementations to give a more accurate account of face recognition technology's abilities and dispel unreal expectations. This would demand a large marketing effort from market players and would entail entail, in law, restriction of inheritance to a limited class of descendants for at least several generations. The object of entail is to preserve large estates in land from the disintegration that is caused by equal inheritance by all the heirs and by the ordinary making high investments in terms of both money and time. World Face Recognition Biometrics Market is part of the Global Biometrics Subscription, which offers insights on competitive positioning of leading market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. to facilitate business planning. The analysis provides seven-year revenue forecasts across different vertical, application, and geographical segments. Industry challenges and market trends are described in detail. Executive summaries and interviews are available to the press. Frost & Sullivan, an international growth consultancy, has been supporting clients' expansion for more than four decades. Our market expertise covers a broad spectrum of industries, while our portfolio of advisory competencies include custom strategic consulting, market intelligence and management training. Our mission is to forge partnerships with our clients' management teams to deliver market insights and to create value and drive growth through innovative approaches. Frost & Sullivan's network of consultants, industry experts, corporate trainers A corporate trainer is a specialized skill development position in a corporation where the goal is to help improve the "soft skills" or "people skills" of the workers in the corporation. and support staff, spans the globe with offices in every major country. World Face Recognition Biometrics Market 6900 |
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