Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...

Facial Recognition System Market Overview, Increasing demand for surveillance systems to improve public safety and security and Increasing adoption of face recognition system in mobile devices for authentication and data security purpose

A face recognition system is a set of hardware and software that compares and analyses a person's facial patterns using deep learning to identify and verify them. Furthermore, facial recognition systems are mostly utilised for security purposes, but they can also be employed in other areas such as payment, access control, and so on. Face detection, face alignment, feature extraction, and ultimately face recognition are the four phases used by a face recognition system to analyse and identify a person.

 

Increasing demand for surveillance systems to improve public safety and security

Face recognition systems are widely used in public security, where they are used in conjunction with surveillance cameras to track criminals. Furthermore, since public awareness about security risks has grown, most public areas, such as airports, metro stations, open markets, nation borders, and other public places, have installed face recognition systems, which aid in the tracking of criminals. For example, three Panasonic facial recognition systems market were installed at Tokyo International Airport's immigration check in October 2017. These were installed to authenticate a traveler's identity by comparing the traveler's face to the photo obtained by a face recognition system utilising the IC chip embedded in the person's passport. Furthermore, over the forecast period 2019-2027, the market is predicted to rise due to the increasing usage of face recognition systems by government bodies and defence authorities.

 

Facial Recognition System Market
Facial Recognition System Market

Increasing adoption of face recognition system in mobile devices for authentication and data security purpose

Because maintaining information security in mobile devices has become increasingly crucial, major mobile businesses such as Apple Inc, Samsung Electronics, and OnePlus are focusing on incorporating face recognition systems into their latest handsets to protect and secure their users' data. For example, Apple Inc. released the iPhone X in September 2017, which employs 3D facial recognition to unlock the phone and is believed to be more secure than the password unlock system. Furthermore, the rise in online financial transactions via mobile devices has prompted app developers to create a facial recognition app to verify a user's identification before to making a payment. Over the forecast period, these factors are projected to fuel demand for face recognition systems.

 

 

 

Key Players

3M, Animetrics, Aware, Inc., Ayonix Corporation, Cognitec Systems, Daon, Gemalto NV, Herta Security, IDEMIA, KeyLemon S.A., NEC Corporation, Neurotechnology, NVISO SA., Panasonic i-PRO Sensing Solutions Co., Ltd., and Techno Brain are among the major players in the global face recognition system market.

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