Global retail & e-commerce facial recognition market statistics
Global retail & e-commerce facial recognition market outlook size was valued at US$ 173,413.4 revenue in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 7.9% from 2021 to 2028.
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- Facial Recognition Market Outlook
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Retail & e-commerce - Facial recognition market highlights
- The global retail & e-commerce segment generated a revenue of USD 957.3 million in 2021 and is expected to reach USD 2,505.2 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 14.7% by 2028.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2028.
Market summary
| Market revenue in 2021 | USD 957.3 million |
| Market revenue in 2028 | USD 2,505.2 million |
| Growth rate | 14.7% (CAGR from 2022 to 2028) |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
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Facial Recognition Market Scope
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Global Facial Recognition Market Size & Outlook
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