As technology evolves, the Internet of Things (IoT) continues to open up numerous business opportunities. This technology has become increasingly integrated into everyday life, particularly through smartphone connectivity and other devices.

So, how exactly does IoT create opportunities for businesses and industries? Discover the following insights:

Facial Recognition Technology, or simply face recognition, refers to face detection—a concept that’s no longer new in today’s era. This technology is widely used and can be found almost everywhere, such as on streets, shopping centers, airports, and even smartphones.

According to tirto.id, the facial recognition market was valued at approximately 3 billion dollars and is projected to grow to 6 billion dollars by 2021. This growth is driven by increasing surveillance of civilians worldwide. Governments are the primary consumers of facial recognition technology.