Facial Recognition Industry

  • The facial recognition software market is estimated to grow at a CAGR of 23.9% during the forecast period. Development of effective and efficient facial recognition software applications is expected to drive this market. Facial recognition technologies include 2D, 3D, and facial analytics. The 3D facial recognition technology segment holds a significant share in the facial recognition market, owing to its high accuracy in terms of recognizing facial features as compared to the 2D facial recognition technology.