According to the report, the global facial recognition industry was estimated at $3.83 billion in 2020, and is anticipated to hit $16.74 billion by 2030, registering a CAGR of 16.0% from 2021 to 2030. Increase in demand for face detection systems to enhance essential safety & security in organizations and emergence of intelligent signage solutions drive the growth of …
Tag Archives: Facial Recognition
Facial Recognition Market: A $16.74 Billion Contender By End of 2030, Claims Allied Market Research
Rise in applications of drones is expected to offer lucrative opportunities in the industry. An increase in demand for face detection systems to enhance the essential safety & security in organizations and emergence of intelligent signage solutions drive the growth of the global facial recognition market. Major industry players such as – 3M, Animetrics Inc., …