GLOBAL FACIAL RECOGNITION MARKET REPORT 2024 - ANTIQUES - BY IN INDIA

QR Code Link to This Post The Facial Recognition Market is projected to grow at a CAGR of 16.5%. The global facial recognition market size to grow at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period Global Facial Recognition Market size to grow from USD 3.2 billion in 2019 to USD 7.0 billion by 2024, at a CAGR of 16.6% during 2019–2024. The rising need for surveillance has become one of the major factors to drive the facial recognition market. The advent of new technologies, such as high-definition Closed Circuit Television (CCTV) and high-resolution 3D facial recognition technologies, along with iris recognition and emotion detection, has enhanced the facial recognition market. However, integration of new facial recognition technologies with the existing legacy system is limiting the growth of facial recognition solutions in the market. Government and defense sector among verticals to gain maximum traction during the forecast period Increasing need of facial recognition-enabled biometrics solutions for identity management, border management, and homeland and military security management have fueled government organizations to largely implement facial recognition technologies. Additionally, government-owned large-scale programs, such as smart cities and smart transportation, need the adoption of facial recognition solutions. Browse our full report with Table of Contents: https://www.bharatbook.com/marketreports/facial-recognition-market-by-component-software-tools-and-services-application-area-emotion-recognition-attendanc/420171