Facial Recognition Market Growth to Reach USD 19.73 Billion by 2030, Leading Companies: NEC, Gemalto
Facial Recognition Market Set for Explosive Growth, Reaching $19.73 Billion by 2030 (#FacialRecognition #Security #Biometrics) The global facial recognition market is on a trajectory for significant growth, projected to reach USD 19.73 billion by 2030. This reflects a remarkable increase from a market size of USD 6.23 billion in 2023, with a compound annual growth rate (CAGR) of 17.9%, according to a new report by Maximize Market Research. Request for free sample: Revolutionizing Security and Identification Facial recognition technology is transforming various industries by offering a secure and efficient method for identification and authentication. This technology is being implemented in a range of applications, including: Security and surveillance Access control Law enforcement Deep Dive into the Facial Recognition Landscape Maximize Market Research provides a comprehensive analysis of the facial recognition market, including: Market segmentation by component (hardware, software,