The global touchless sensing equipment market is
anticipated to grow at a CAGR of 32.2% over 2012 to 2016. The growing need for
high-level security in the government sector is set to drive the global
touchless sensing equipment market. Although the market has witnessed rapid
technological advancement of late, yet the fact that touchless sensing
equipment is not 100% accurate could pose a challenge to its future growth.
A major trend in the global touchless sensing
equipment market involves rapid technological advancements. The continuous
technological advancements and modernization across the globe have increased
the adoption of touchless sensing equipment in various sectors. Such
advancements also enable touchless sensing equipment vendors to deliver
high-quality products to their customers. The rate of change and technological
advancements in the global touchless sensing equipment market is very high that
has, in turn, led to increased accuracy of such equipment.
One of the drivers of growth for the global
touchless sensing equipment market comprises 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.
Further, one of the major challenges in this
market centers on the fact that touchless sensing equipment is not 100 percent
accurate. This is one of the major challenges for vendors of such equipment
since it has reduced their adoption across customer segments.
For further
insights, Global Touchless Sensing Equipment Market
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