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HomeTechBy 2024 Facial recognition tech will be on 123M..

By 2024 Facial recognition tech will be on 123M..

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During the next decade we’ll see a jump in the number of devices that can recognize our faces for authentication and surveillance purposes.

According to a new report from Tractica, annual facial recognition devices and licenses will increase from 28.5 million in 2015 to more than 122.8 million worldwide by 2024.

Tractica says the technology will be widespread in devices used by consumers, enterprises, and governments.

Researchers say that facial recognition can be far more accurate than other biometric methods of recognizing and authenticating users.

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Between 2015 and 2014 Tractica expects annual revenue for facial biometrics – including both visible light facial recognition and infrared-based facial thermography – to increase from $149.5 million to $882.5 million, at a compound annual growth rate of 22 percent.

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