Facial Recognition Market (By Technology Type - 2D Facial Recognition, 3D Facial Recognition, Facial Analytics) - Worldwide Manufacturing Growth, Trends Forecast 2022
The global facial recognition market was valued at US$ 1,307.0 Mn in 2014 and is expected to grow at a CAGR of 9.5% from 2015 to 2022. Currently, the market is primarily driven by robust technological advancements for development of efficient surveillance systems required by civil and government agencies. This is due to rising instances of criminal and terrorist activities and identification of fraud cases across the globe. Moreover, facial recognition systems that can scan images in all environmental conditions...
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