The Face Recognition Device Market Is Growing Rapidly_ Taigewang Technology

In August 2018, the data released by the international authoritative research organization Gen market insights showed that with more and more industries and companies accepting face recognition technology, the demand potential of global face recognition equipment has been greatly stimulated. In 2017, the global face recognition equipment market value was US $1.07 billion, and will reach US $7.17 billion by the end of 2025, with a growth rate of 26.8% from 2018 to 2025. The large-scale commercial application of face recognition is inseparable from the development and accumulation of face recognition technology. Taking the Chinese market as an example, the monitoring data of prospective industry research institute show that the number of face recognition patent applications in China generally showed an upward trend from 2007 to 2017, reaching a new historical peak. Especially after 2014, the number of face recognition patent applications increased significantly; By 2017, the number of face recognition patent applications had reached 2847. The improvement of face recognition accuracy means that users will get a better experience in specific scenes, and the low efficiency in unit working hours will be greatly improved. For example, customers in bank scenes will get a better experience, and the ineffective workload of front-line police personnel in the field of public security will be greatly reduced. Benefiting from the improvement of face recognition performance, the number of front-end products that can be processed simultaneously by the security back-end processing system platform has also increased significantly. This in turn has greatly stimulated the product upgrading of front-end HD acquisition and detection devices, the expansion of overall market demand, and the growth of storage devices. Most domestic traditional security companies benefit from this, and half of the overall revenue for several consecutive years is contributed by the revenue of hardware camera products. In addition, with the in-depth development of domestic safe city and smart city projects, the high-definition of urban monitoring has been further popularized, and the number of cameras has increased on a large scale, which greatly reduces the obstacles of face recognition in data acquisition and improves the quality of face recognition. The combination of face recognition and monitoring technology has been reused in the judicial system, which meets the urgent needs of the public security system for urban monitoring, fugitive pursuit, blacklist investigation and other functions, which will help popularize face recognition technology.