Facial recognition market size worldwide 2020-2030

The global indicator market size in the facial Recognition segment of the artificial intelligence market was forecast to continuously increase between 2024 and 2030 by in total 3.5 billion U.S. dollars (+70.85 percent). After the eighth consecutive increasing year, the indicator is estimated to reach 8.44 billion U.S. dollars and therefore a new peak in 2030.

Market size of the facial recognition industry worldwide from 2020 to 2030 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:Facial recognition, as part of computer vision, is a technology that involves the identification and verification of individuals by analyzing and comparing unique facial features. It uses algorithms to capture, analyze, and match facial patterns from images or video frames. By extracting key facial landmarks and characteristics, such as the distance between the eyes, the shape of the nose, and the contours of the face, facial recognition systems can accurately recognize and authenticate individuals. The applications for this technology are diverse and include the areas of access control, surveillance, user authentication, and personalized experiences in digital platforms.

Additional Information:

The market comprises two key performance indicators: market sizes and market sizes by industry. Market sizes are generated by the funding amount of Computer Vision companies. Key players in the market include companies such as Nvidia, Intel, and IBM.

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