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China AI Facial Recognition Market | Analysis 2019-2032

China AI Facial Recognition Market Analysis, Size, and Forecast by Component, Deployment Model, Technology, and End Users: 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: AI42252  | Publication: May 2024  |  US$925  |  

China AI Facial Recognition Market Snapshot

China AI Facial Recognition Market

  • The China AI facial recognition market is forecasted to reach US$ 685.0 Million in 2024, with an expected Compound Annual Growth Rate (CAGR) of 12.7% from 2024 to 2032.
  • In China, the leading segment by is projected to be hardware with a market value of US$ 848.0 Million in 2032.
  • By end user, 32.1% of the total market size in the Chinese AI facial recognition market is expected to be contributed by IT and Telecom end user by 2032.
  • Throughout the forecast period, the healthcare sector is expected to experience the most rapid expansion in terms of revenue generation, with a 14.0% Compound Annual Growth Rate (CAGR).

China AI Facial Recognition Industry Coverage

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Component

Hardware

Software

Service

Deployment Model

Cloud-based

On-premise

Technology

Object Recognition

Facial Recognition

Optical Character Recognition (OCR)

Pattern Recognition

Action Recognition

End Users

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other
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