GRC Viewpoint

Top 10 Facial Recognition Solution Providers 2023

Facial recognition has served as the biometric benchmark.

By 2024, revenue in the facial recognition market is projected to increase to $7 billion. It is anticipated to expand at a compound annual growth rate of 16% between 2019 and 2024.

Facial recognition has been embraced by businesses and governments all around the world, with the USA, China, and other countries leading the way.

As companies prepare to merge artificial intelligence (AI), the Internet of Things (IoT), and face recognition systems, the market is expanding to grow further.

Technology firms like Google and Facebook have made significant investments, advancing their development.

Facial recognition has assisted companies in building and maintaining unique user profiles that follow customers’ moves between online and physical stores.

Facial recognition permeates almost all sectors, including hospitality, aviation, and others. Let’s consider the insurance providers. To give insurance policy quotations, certain insurance f irms examine applicants’ faces.

There are several instances of contentious technological applications that pose issues with ethics and human rights.

The future will need to focus more on taking the facial recognition industry forward by ensuring the technical glitches and vulnerabilities won’t happen. Industry observers expect to see more efforts in this regard.

Top 10 Facial Recognition Solution Providers 2023

Alomra Group International is a security and engineering company that offers consulting, engineering, and security solutions. They also have a subsidiary called Alomra Guarding, which provides security for property and people. The company is headquartered in Morocco, but they also operate in other countries in Europe, the Middle East, and Africa.

KX is a company that offers a vector database, time series, and real-time analytics platform. They are used by a variety of industries, including f inance, healthcare, and manufacturing. Some of their products include kdb+ and kdb Insights.

Verkada provides cloud-based security solutions, including cameras, doorbells, intercoms, and sensors, designed to be easy to install, use, and integrate with other security systems. Their platform is used by businesses of all sizes to monitor activity, control access, and deter crime.

Boingo is a provider of wireless solutions for various industries, including airports, sports and entertainment venues, and military bases. They offer a variety of services, including 5G, Wi-Fi, and private network solutions. Boingo is a leader in the 5G space and is committed to providing its customers with the best possible experience.

Sama is a company that provides data labeling services for a variety of industries. The company focuses on quality and security, and aims to deliver high-quality data annotations quickly and efficiently. Sama is a certified B Corporation, which means it meets certain social and environmental standards.

CyberLink is a company that develops software for video editing, photo editing, and media playback. The company’s products are used by both consumers and professionals. CyberLink’s software is known for being easy to use and having a wide range of features. The company also offers a number of educational resources, including tutorials and a forum.

K3 is a company that provides software solutions for the fashion and retail industry. They offer a variety of products, including K3 Fashion, K3 Pebblestone, and K3 ViJi. K3 helps businesses throughout their entire concept-to-consumer lifecycle. They have a team of more than 100 industry specialists and more than 300 experts that help with implementation and delivery.

Course5 Intelligence is a company that provides AI-powered solutions for businesses. They offer a variety of services, including competitive and market intelligence, augmented analytics, and creative effectiveness. Course5 Intelligence has been recognized by Gartner for its digital shelf analytics.

Orion Innovation is a company that helps businesses with digital transformation. They have been around for 30 years and have worked with many clients. They offer a variety of services, including experience design, software engineering, and domain expertise. They are also involved in generative AI and have a partnership with Liverpool Football Club.

NEC Software Solutions is a company that helps people in a variety of sectors, including healthcare, housing, and public safety. The company says its purpose is to “help change lives every day”. They create software and services that make people’s lives safer, healthier, and more connected.