Facial recognition is a biometrics software technology that is being used for individual identification and authentication. The identification and authentication process is carried out by comparing an individual's facial features extracted from an image with those stored in a database. Facial recognition is being used by enterprises in the government; banking, financial services, and insurance (BFSI); and defense sectors for preventing unauthorized access to high-security areas and private and public buildings.
Research Beam analysts forecast the global facial recognition biometrics in consumer electronics to grow at a CAGR of 102.42% during the period 2016-2020.
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