Facial Recognition Market worth $13.4 billion by 2028, growing at a CAGR of 16.3%: Report by Markets

Sheetal2316 Jul, 2024Technology

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? The growing need for cybersecurity to strengthen security and surveillance and aid law enforcement in crime prevention and suspect identification contributes to widespread facial recognition adoption across various sectors, from law enforcement to everyday technology use.