Facial Recognition Market size to grow at a CAGR of 18.11% by 2027, Increasing adoption of a multimodal biometric system to be a key trend- Technavio


Image Recognition

ARTICLE SOURCE

NEW YORK, Feb. 24, 2023 /PRNewswire/ -- According to Technavio, the global facial recognition market size is estimated to grow by USD 7,634.09 million from 2022 to 2027. The market will grow in MEA during the forecast period because of the growing awareness of facial recognition technology among end-users. The rising popularity of facial recognition is a key driving force for the growth of the global facial recognition market. The increased adoption of iris recognition in the government sector is a major factor driving the global iris recognition market share growth. The rising implementation of HMI technologies in the automotive industry is notably driving the market growth.