India Facial Recognition Market to Grow with a CAGR of 18.71% through FY2028 - Industry Statistics
Growing demand for security, increasing government initiatives, burgeoning smartphone and technology penetration are driving the growth of India Facial Recognition Market during forecast period, FY2024-FY2028. According to TechSci Research report, “ India Facial Recognition Market – Industry Size, Share, Trends, Competition, Opportunity and Forecast, FY2018-FY2028F ” , the India Facial Recognition Market stood at USD280.06 million in FY2022 and is projected to grow at a CAGR of 18.71% in the forecast period. The India Facial Recognition market is projected to expand in the coming years as the facial recognition technology is very versatile in its usage and therefore is rapidly being adopted by various end-users. It provides an automatic, quick, and effortless verification experience because no physical interaction, such as fingerprint or other security measure, is required. It also does not address any key or ID card that could be stolen or lost. Other benefits...