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Global Facial Recognition Market value reached USD 1.11 billion in 2016 and to grow at a CAGR of 23.1% by 2025 | Valuates Reports
The global market for facial recognition is in the process of growth. In 2016, the face recognition market value reached USD 1.11 billion. The CAGR (Compound Annual Growth Rate) from 2017 to 2025 of the market is estimated at 23.1%, the highest of all biometric identification technology in terms of the growth rate.Read More: https://reports.valuates.com/sreport/MICR-Semi-211/Global_Facial_Recognition_Market
In the past, facial recognition technology was mostly used in commercial applications such as airport automated border control e-gates and access control systems for businesses. It is not until Apple introduced Face ID, a facial recognition technology to unlock iPhones, face recognition technology has started to gain increasing market attention. This report provides an overview of the facial recognition market and identifies key market characteristics that are observed thus far to look for possible investment opportunities.
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FEATURED COMPANIES
Alibaba
AMAZON COM INC
Ant Financial
Apple
Baidu
Canon
Emotient
Faceshift
FacioMetrics
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