Global facial recognition market to witness double digit growth

20/07/11

A report by RNCOS has found that facial recognition technology has emerged as the fastest growing technology among the biometric technologies accepted worldwide and will continue to follow the same trend in future.

The research company, which released its report – Global Biometric Forecast to 2012 – earlier this year, has highlighted that the technology will grow at a CAGR of around 31% during 2011-2013.

According to the company, the main factor behind this surge in the technology is the capability of surveillance offered exclusively by this technology.

The overall global biometric market is anticipated to grow at a CAGR of around 23% during 2011 - 2013.

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