A recent FMI analysis projects that the facial recognition market would develop at a compound annual growth rate (CAGR) of 16.1%, from US$ 5.7 billion in 2023 to US$ 25.4 billion by 2033. According to this survey, increased government spending on the contemporary CCTV cameras that are deployed in most public spaces to prevent crime …
Tag Archives: Facial Recognition
Global Facial Recognition Market: Valued at $5.7 Billion in 2023, Expected to Reach $25.4 Billion by 2033
The Facial Recognition Market is expected to grow significantly, from US$ 5.7 billion in 2023 to US$ 25.4 billion by 2033, according to a new FMI report, with a CAGR of 16.1%. This study claims that the expansion of the facial recognition industry is being driven by rising government investments in modern CCTV camera technologies installed in …
Global Facial Recognition Market: Valued at $5.7 Billion in 2023, Expected to Reach $25.4 Billion by 2033
The Facial Recognition Market is expected to grow significantly, from US$ 5.7 billion in 2023 to US$ 25.4 billion by 2033, according to a new FMI report, with a CAGR of 16.1%. This study claims that the expansion of the facial recognition industry is being driven by rising government investments in modern CCTV camera technologies …