FACIAL RECOGNITION SYSTEM MARKET ANALYSIS
Furthermore, face recognition system market is expected to exhibit double digit CAGR, as this system is evolving at a faster rate and is expected to be used for almost all the security purpose in the near future, which is expected to drive the market growth over the forecast period. For instance, in August 2018, The Tokyo Organizing Committee of the Olympic and Paralympic Games (Tokyo 2020) announced to implement face recognition system at Olympic and Paralympic Games Tokyo 2020 to verify the identity of athletes, officials, other staff members, and media representatives for security and safety purpose. The Tokyo Organizing Committee in partnership with NEC Corporation will install these face recognition system.
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