Facial Recognition Market worth $13.4 billion by 2028 - Exclusive Report by MarketsandMarkets™
CHICAGO, March 5, 2024 /PRNewswire/ -- The global Facial Recognition Market is estimated to be worth USD 6.3 billion in 2023 and is projected to reach USD 13.4 billion by 2028, at a CAGR of 16.3% during the forecast period, according to a new report by MarketsandMarkets™. Accelerated adoption of facial recognition technology during and after the pandemic is driving the growth of the facial recognition market.
- On-premises facial recognition refers to software and hardware systems installed locally within an organization's facilities, rather than cloud-based services.
- During the forecast period, the Asia Pacific region is poised to exhibit the highest CAGR in the facial recognition market.
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the global facial recognition market.
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the global facial recognition market.