Biometric Authentication, Digital Identity Verification, and Facial Recognition Markets

Biometric authentication is gaining traction in the payments industry, with businesses prioritizing fraud prevention. The number of digital identity verification checks is expected to surpass 70 billion in 2024, driven by the adoption of biometric verification methods. The global identity verification market is projected to reach USD 9664.45 million by 2030, with North America leading the growth. The facial recognition market is expected to reach $12.67 billion by 2028, driven by increasing demand from government and defense sectors.