The facial recognition industry is projected to grow from $3.8 billion in 2020 to $16.7 billion by 2030, according to data from the Allied Market Research. AI strategist Lisa Palmer has highlighted concerns regarding privacy and the quality of data used in the technology. She noted the rise of the quantity and quality of data being recorded, as well as the rise of predictive policing, which has led to bias against people from underrepresented groups being identified more frequently by facial recognition technology. There are also concerns about the misuse of consumer data, with Clearview AI, a facial recognition software provider, being fined in Europe and Australia for breaching privacy laws.
