The face is the most essential part of the human body, and because of its distinctive traits, it is crucial for recognizing people. Facial recognition technology (FRT) is one of the most successful and fascinating technologies of the modern times. The world is moving towards contactless FRT after the COVID-19 pandemic. Due to its contactless biometric characteristics, FRT is becoming quite popular worldwide. Businesses are replacing conventional fingerprint scanners with artificial intelligence—based FRT, opening up enormous commercial prospects. Security and surveillance, authentication/access control systems, digital healthcare, photo retrieval, etc., are some sectors where its use has become essential. In the present communication, we presented the global adoption of FRT, its rising trend in the market, utilization of the technology in various sectors, its challenges and rising concerns with special reference to India and worldwide.