Industry Analysis | Face Recognition Solution Might Be A New Trend


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.


The epidemic overtake 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, system 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 grasp customers’ attraction at interaction and make face payment seems more interesting.

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 double influence of market demand and technical support, the huge market potential of face payment will be stimulated.

Under such circumstance, 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.


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.

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