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-0.000126214817619653 0.000252429635239127 -0.0013776347343178 -0.00265051117001146 -0.000820396314527297 -0.00700492237788725 -0.00549034456645213 -0.00732045942193611
Stock impact report

Facial Recognition Market to Attain Valuation of USD 26.83 Billion By 2032: Astute Analytica [Yahoo! Finance]

Airbnb, Inc. - Class A (ABNB) 
Company Research Source: Yahoo! Finance
North America leads adoption, while 3D technology dominates. Privacy concerns and high costs remain challenges. Integration with AI and cloud solutions, alongside government initiatives, shape the market's future. New Delhi, May 08, 2024 (GLOBE NEWSWIRE) -- The global facial recognition market is projected to reach US$ 26.83 billion by 2032, up from US$ 6.17 billion in 2023, at a CAGR of 17.87% during the forecast period 2024–2032. The adoption rate for facial recognition technology is also high. An estimated 72% of hotels are expected to deploy the technology within the next four years, and 40% of countries are already using it. In the United States, facial recognition is used in schools in 25% of countries and is expected to be implemented for 100% of international passengers at the top 20 U.S. airports by 2023. Facial recognition has shown effectiveness in security applications. In 2018, the technology prevented 26 alleged imposters from entering the United States in just three Show less Read more
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