The global facial recognition market is valued at USD 6.3 billion in 2023 and is anticipated to reach USD 13.4 billion by 2028, with a 16.3% CAGR during the forecast period. Facial recognition technology enhances efficiency and productivity by automating processes. Whether it’s tracking attendance in educational institutions, identifying patients in healthcare, or automating payments in retail, facial recognition reduces manual efforts and boosts operational efficiency. Its speed and accuracy contribute to time savings and improved workflow, making it appealing for organizations seeking streamlined processes. This efficiency-driven aspect of facial recognition drives its adoption across education, healthcare, and retail sectors, aiming for enhanced operational effectiveness.

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