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Global touchless sensing equipment market: 32.2% CAGR growth forecast between 2012-16

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Global Touchless Sensing Equipment Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-26 07:55:04
The Global Touchless Sensing Equipment market is to grow at a CAGR of 32.2 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing need for high-level security in the Government sector. The Global Touchless Sensing Equipment market has also been witnessing rapid technological advancement. However, touchless sensing equipment is not 100 percent accurate which could pose a challenge to the growth of this market.

One of the major trends in the Global Touchless Sensing Equipment market is the rapid technological advancements. The continuous technological advancements and modernization across the globe have increased the adoption of touchless sensing equipment in various sectors. Furthermore, touchless sensing equipment vendors are able to deliver high-quality products to customers because of the technological advancements. The rate of change and technological advancements in the Global Touchless Sensing Equipment market is very high. This trend has led to the development of advanced and increased accuracy of this equipment.

One of the drivers in this market is the increased need for high-level security in the Government sector. Government departments such as intelligence, defense, finance, and military are the major adopters and users of touchless facial recognition technology. In recent years, the Government sector has been the major revenue contributor to the market.

One of the major challenges in this market is the fact that the touchless sensing equipment is not 100 percent accurate. This is one of the major challenges for the vendors because it has reduced the adoption of touchless sensing equipment.

The key vendors dominating this market space are Safran Group, NEC Corp., Cognitec Systems GmbH, CogniVue Corp., eyeSight Mobile Technologies Ltd., Omek Interactive Ltd., and SoftKinetic Inc.

The other vendors are Elliptic Labs, Cross Match Technologies Inc., Pebbles Ltd., and Pyreos Ltd.

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