The Facial Recognition Market, valued at USD 6.3 billion in 2024, is expected to grow at a CAGR of 16.3%, reaching USD 13.4 billion by 2029. This segment is expanding rapidly within the technology industry, utilizing advanced algorithms and machine learning to identify or verify individuals based on facial features. Applications span across security and surveillance, banking, healthcare, retail, and personal device authentication. Increased adoption in smart city projects, enhanced surveillance needs, and growing interest in biometric authentication are driving the surge in demand for facial recognition technology.
