Face recognition, also known as portrait recognition and face recognition, is a biometric technology for identity recognition based on human facial feature information. It mainly uses cameras or cameras to collect images or video streams containing faces, automatically detect and track faces in the images, and then carry out a series of related technologies for the detected faces. With the improvement of artificial intelligence technology and the needs of national security market, the market scale of domestic face recognition industry is increasing year by year.

How much room for development is there in China's face recognition market

With the development of science and technology, artificial intelligence has been paid more and more attention all over the world, and face recognition, as a sub category, has gradually been widely used in the market. Due to its accurate identification of human beings, the domestic market has gradually increased the attention and application promotion of face recognition technology. In addition, the introduction of relevant favorable policies of our government also provides political and legal support for the development of face recognition technology. The future development potential of face recognition technology in China is good.

According to the in-depth research on China’s face recognition industry and market investment risk consulting report 2019-2023 issued by xinsijie Industrial Research Center, the scale of China’s face recognition market has always maintained an increasing trend since 2014. By 2018, the scale of China’s face recognition market reached 3 billion yuan, an increase of about 25 percentage points over the previous year. China’s face recognition market still has great development potential in the future.

With the increasing maturity of face recognition technology, the market demand will be released and the application scenarios will gradually expand. At present, China’s face recognition technology is widely used in smart phones, airport and railway station identity authentication, enterprise access control and attendance and other scenarios. With the further maturity of technical conditions in the future, the application scope of China’s face recognition technology will be further expanded. In addition, due to the continuous promotion of domestic smart city related projects, the number of cameras in the city has increased on a large scale, the security monitoring market has developed rapidly, and the quality of face recognition has been improved. According to these reasons, it is expected that the scale of China’s face recognition market will still maintain a growth rate of more than 20% in the next five years.

New thinking industry analysts said that in recent years, with the rapid development of China’s artificial intelligence technology in China, more and more enterprises began to pay attention to the development of face recognition market. Automatic recognition technologies such as face recognition have gradually become a new development trend in biometric technology. At present, face recognition technology is widely used in smart city, finance, education, social security, people’s livelihood and security. In the future, with the continuous development and improvement of technology, China’s face recognition market will be further developed.

Source: new thinking world

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