If you are wondering WHY, we have the answer. Mobile apps like Jumio and AnyVision announcing new rounds of funding every quarter are the proof. But, still, the facial recognition startup sector is thriving and not suffering.ĭespite controversies, facial recognition startups are flush with VC cash – Techcrunch.īut, what is the reason behind the world going crazy on FRT? Entrepreneurs are finding new ideas every day to develop a solution based on FRT and investors are pouring money. It is true to say that facial recognition is one of the most controversial and complex technologies to play with. Why Is Facial Recognition Technology On the Rise? In this blog, we will discuss everything about Facial Recognition Technology, what it is, the benefits it provides, and how it can be implemented to enhance the experience of your mobile app. If you are also planning to develop facial recognition software or want to integrate FRT into your business mobile app, you have come to the right place. In the Mobile Application Development world, it is being used for retail apps, fleet management apps, security and surveillance apps, and in many other software. Regardless of which group you side with, none can deny that Facial Recognition Technology (FRT) has become increasingly valuable to many industries. While some view it as a threat to social rights others see it as a promising innovation to ease several tasks. What started as surveillance technology to find criminals and help in border control has now been put forward as a tool to ensure security, increase customer loyalty, entertain users, and do so much more.īut, it is also true that it has always been a topic of debate. It is one of the fastest-growing biometric technologies as the FRT market is expected to reach $12.92 billion by 2027. 708 Views | 7 min | Published On: JanuLast Updated: January 30, 2023īetween 20, the facial recognition technology market is expected to grow at a CAGR of 14.8%, as per reports.
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