Global Facial Recognition Market to Reach USD 19.73 Billion by 2030, Growing at a CAGR of 17.9%

Krajput22 Nov, 2024News

Summary: The global Facial Recognition Market, valued at USD 6.23 billion in 2023, is projected to experience rapid growth, reaching USD 19.73 billion by 2030, at a compound annual growth rate (CAGR) of 17.9%. This market growth is driven by the increasing adoption of advanced security and surveillance systems, as well as the expanding application of facial recognition technology across various industries. Key players like Amazon, Microsoft, Google, and NEC Corporation are expected to drive this growth through innovation and strategic initiatives.

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