Things You Need to Know Before Installing a Facial Recognition System

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With the help of a facial recognition system, federal agents could capture a person suspected of illegal activity. One example of this in action is the following: The tool may detect a person-of-interest in the background of someone else’s selfie at the gym -- perhaps in the mirror in the background. So, the agents are able to get to that gym, ask about the person, and eventually capture them. This real-life story example, and many others, encourage businesses to benefit from AI services and deploy facial recognition systems. The global facial recognition market size was evaluated at $3.8 billion in 2020 and is expected to reach $8.5 billion in 2025, growing at a CAGR of 17.2%. However, the costs of facial recognition software are challenging to estimate. There are hidden expenses that companies tend to overlook and, as a result, surpass the allocated budget. This article breaks down the factors influencing the total price and gives tips on reducing expenditure. So, how much does a facial recognition system cost?