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Industry Analysis | Face Recognition Solution Might Be A New Trend

Aug. 03, 2020

Face recognition technology is relatively mature nowadays after it experienced five stages include technology introduction, market introduction, technology improvement, initial application, and used in various industries. At present, face recognition technology has been widely used in government, bank, payment, catering, retail, security, e-commerce, and other fields.


Industry Analysis | Face Recognition Solution Might Be A New Trend


The epidemic overtakes not only promotes the development of facial temperature measurement products but also stimulates relevant solutions implementation. It can reflect a phenomenon that customers no longer solely focus on the advantage, accuracy, and error rate of face recognition algorithm, but pay more attention to complete solution. 

 

In other words, customers are more concerned about whether relevant face recognition products, systems, and platform can ultimately meet their actual requirements. Furthermore, they will tend to think about what benefit or transformation this solution would bring to their business.

                                                     

For example, face payment has attracted customers' attention due to its advantages of non-contact, convenience, and quickness at present. In addition, it has a certain market demand as it deeply grasps customers’ attraction at interaction and makes face payment seems more interesting.


Industry Analysis | Face Recognition Solution Might Be A New Trend


On the other hand, with the continuous development of biometric technology and 5G technologies, the application and popularization of face payment will speed up. Under the double influence of market demand and technical support, the huge market potential of face payment will be stimulated.

 

Under such circumstances, companies that can provide complete face payment solutions will dominate the face recognition market in advance. There are many application scenes for face payment, including face payment + transportation, face payment + catering, face payment + medical treatment, face payment+ social benefit, etc. It is presenting its own possibility and infinite development potential in various fields.


Industry Analysis | Face Recognition Solution Might Be A New Trend


As the first face payment terminal provider in China, Telpo has been lucky to be published at Nilson report twice with its payment products. Nowadays, Telpo has successively launched a series of face payment, face access control, face attendance and other solutions. If you are interested, welcome to contact us.

 

Tag: face recognition, face recognition solution, 5g, face payment, facial temperature measurement

Company Introduction: Telpo is solidly located in the smart terminal industry forefront as it sticks to technology-driven and market demand-oriented. With keen market insight, Telpo has developed smart payment, smart community, smart retail, smart restaurant, face recognition temperature measurement, government election, and other scene applications to build a "cloud + terminal" brand and complete solution. Based on the rich and successful ODM experiences, Telpo satisfies customers in both the technology and business field.

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