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One of the most important applications of computer vision is face recognition and face detection. For many internet companies like Facebook and Google, face detection and recognition is one of the most important modules in artificial intelligence systems. Facebook has also started training its face and image recognition models on hashtags.
Earlier this year, Apple introduced face ID for its iPhone X. They have developed proprietary technology and knowledge bases that have excelled in detecting faces. Last year even Samsung launched its device named Galaxy Note7, the first gadget to feature Iris recognition for popular devices. Face detection is also doing wonders for companies working in the biometric identification systems. They have applications in the sectors that range from banking, healthcare to travel and retail.
Reportedly, the face recognition market was around $3.85 billion in 2017 and will most probably grow to $9.78 billion by 2023 at a CAGR of 16.81% during this period. The report also says that the Asia Pacific is the fastest growing region during the forecasted period.


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