A face detection system maps facial characteristics from an image or video using biometrics. To locate a match, it compares information to a database of recognized faces. Furthermore, the accuracy of facial recognition systems has greatly improved over the last decade. Banking and financial services, retail and e-commerce, automotive and transportation, media and entertainment, IT & telecom, government & public sector, and others have all seen an increase in the use of face recognition systems.
The worldwide facial recognition market is growing due to a rise in demand for face detection systems to improve safety and security, as well as an increase in applications in physical security and intelligent signs. Furthermore, technological advancements such as cloud-based services and 3D-based recognition systems have a positive impact on market growth. growth in mobile security and drone applications is likely to provide lucrative potential for expanding the face recognition market size. However, the market’s growth is hampered by the technology’s lack of accuracy and high implementation costs.
New technologies like face recognition and cloud-based solutions are expected to revolutionize the facial recognition technology industry by 2023. Face recognition skills allow users to instantaneously recognize and identify a face in a video or picture.