Africa Corporate Wellness Market, by End User, 2018-2027
| Label | USD Million |
|---|---|
| 2018 | 86.9250000000002 USD Million |
| 2019 | 91.6 USD Million |
| 2020 | 94.4 USD Million |
| 2021 | 91.6 USD Million |
| 2022 | 100.8 USD Million |
| 2023 | 105.8 USD Million |
| 2024 | 117.2 USD Million |
| 2025 | 130 USD Million |
| 2026 | 147.5 USD Million |
| 2027 | 166.6 USD Million |
| 2028 | 188.4 USD Million |
| 2029 | 216.9 USD Million |
| 2030 | 248.4 USD Million |
| 2031 | 280.499676545574 USD Million |
| 2032 | 312.654209625579 USD Million |
Data Source: Wantstats Repository
Market Dynamics
South America is seeing a slow but steady increase in facial technology adoption. The growth of jobs in this field can be attributed to the proliferation of facial recognition in airports, government agencies and commercial buildings. Brazil and Argentina are the main partners of the facial recognition industry in South America. The integration of facial recognition into smartphones and other consumer electronics has also contributed to its adoption in Central and South America. Consumers benefit from the convenience of using facial recognition as a secure biometric authentication method. By simply scanning their faces, they can unlock their devices, make secure transactions, and access various services.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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