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Facial Recognition Market Predicted To Reach $13.4 Billion By 2028

Deepak
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The global facial recognition market is estimated to be worth USD 6.3 billion in 2023 and is projected to reach USD 13.4 billion by 2028, at a CAGR of 16.3% during the forecast period. Accelerated adoption of facial recognition technology during and after the pandemic is driving the growth of the facial recognition market. This is according to a new report from researchers, Marketsandmarkets. The researchers found that the the global reaction to the Covid-19 outbreak is strongly linked to […]
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facialrecognition
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RAC successfully conducts facial recognition technology trial at KKIA

Deepak
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Riyadh Airports Company (RAC), which operates and manages King Khalid International Airport (KKIA), has announced the successful trial of Smart Path, a facial recognition technology, at International Terminal 2 in partnership with the air transport technology company, SITA. The technology, which was tested at check-in counters and boarding gates recognizes the passengers’ digital identity when stepping up to the camera. The facial image is directly linked to the passengers’ physical passport and travel documents at check-in. This allows them to […]
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IDEMIA’s biometric technology stands out in the latest in NIST’s latest FRVT test
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IDEMIA’s biometric technology stands out in NIST’s latest FRVT test

Deepak
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              IDEMIA’s facial recognition technology ranks first on the false match rate (“FMR”) fairness test among the 100 most accurate algorithms in the latest Face Recognition Vendor Test (FRVT) from the National Institute of Standards and Technology (NIST), with more than twice the fairness of the twenty most accurate. This ranking is proof that IDEMIA commits to the highest level of technology for its AI solutions in line with its mission to make the […]
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Argus
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Argus Systems in strategic partnership with Video Internet Technologies

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Dubai based, Argus Systems and Video Internet Technologies (VIT) has entered into a strategic technology partnership that will offer AI-based solutions including Automatic Number Plate Recognition (ANPR), Facial Recognition (FR), Video Content Analytics (VCA), and Intelligent Transportation Management Systems (ITMS), to the Middle East and Africa market.
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