FACIAL RECOGNITION IN CHINA
In the most-watched country on the planet, facial recognition algorithms and technologies play a big role. Technological development is already such that, more than identifying people passing through a place, some cameras are already able to identify their feelings by the way they walk and their facial expressions.
Want to understand a little more about how these technologies work in China? Take a look at our infographic!
- The size of the face recognition market in China and worldwide
- The main uses of these technologies (Public security, epidemiological control)
- The biggest Chinese players in this industry and how they operate internationally
- And much more!
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China accounts for $630 million of the global facial recognition market, valued at $4.4 billion
42% of the use of facial recognition in China is aimed at controlling people's access to public spaces
By 2024, this market could reach a valuation of more than US$1.4 billion
Despite all this, China is not alone in benefiting from its facial recognition companies. This technology is exported around the world, including to Brazil, and is also used by fintech companies and digital banks to fight financial fraud and suspicious transactions, for example.
Huawei is the most active company in the field of facial recognition in the world, with Artificial Intelligence technologies aimed at surveillance present in 50 countries, against 15 for the Chinese Hikvision and 14 for the Japanese NEC.
Inova China is a hub solely dedicated to building bridges of innovation between China and Brazil. We offer the tools and insights for a successful strategy. To learn more, contact us!
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