The facial recognition market was estimated at roughly five billion U.S. dollars in 2022. The market is projected to grow, reaching 19.3 billion U.S. dollars by 2032. With the help of artificial intelligence (AI), facial recognition technology is used to identify a person by reading their facial features.
Facial recognition market size worldwide from 2019 to 2032
(in billion U.S. dollars)
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GlobeNewswire. (March 20, 2023). Facial recognition market size worldwide from 2019 to 2032 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 06, 2025, from https://www.statista.com/statistics/1153970/worldwide-facial-recognition-revenue/
GlobeNewswire. "Facial recognition market size worldwide from 2019 to 2032 (in billion U.S. dollars)." Chart. March 20, 2023. Statista. Accessed June 06, 2025. https://www.statista.com/statistics/1153970/worldwide-facial-recognition-revenue/
GlobeNewswire. (2023). Facial recognition market size worldwide from 2019 to 2032 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 06, 2025. https://www.statista.com/statistics/1153970/worldwide-facial-recognition-revenue/
GlobeNewswire. "Facial Recognition Market Size Worldwide from 2019 to 2032 (in Billion U.S. Dollars)." Statista, Statista Inc., 20 Mar 2023, https://www.statista.com/statistics/1153970/worldwide-facial-recognition-revenue/
GlobeNewswire, Facial recognition market size worldwide from 2019 to 2032 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1153970/worldwide-facial-recognition-revenue/ (last visited June 06, 2025)
Facial recognition market size worldwide from 2019 to 2032 (in billion U.S. dollars) [Graph], GlobeNewswire, March 20, 2023. [Online]. Available: https://www.statista.com/statistics/1153970/worldwide-facial-recognition-revenue/
