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Forecast Report on Global Touchless Sensing Equipment Market

Reviewed

Jan 27 2014

Research and Markets has announced the addition of the "Global Touchless Sensing Equipment Market Forecasts Report, 2016" report to their offering.

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.

Further, the report states that 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: