FB pixel

Top performing developers steady in updated NIST facial recognition 1:N test results

Market poised for dramatic growth
Top performing developers steady in updated NIST facial recognition 1:N test results
 

The latest edition of the U.S. National Institute of Standard and Technology’s (NIST’s) Face Recognition Vendor Test (FRVT) 1:N report, dated April 28, shows continued improvement among newly-submitted algorithms not just in biometric accuracy, but also size and speed.

Algorithms from SenseTime and CloudWalk sit atop the overall leaderboard, followed by Paravision and Idemia. The lowest error rate in each category was also recorded by one of the above four, except for the Border at 10 or more years category, which an NEC algorithm had the lowest error rate for.

Hangzhuo AIlu Network Information Technology is the only developer that submitted a facial recognition algorithm for the first time, but HyperVerge, Qnap Security and RealNetworks (which makes SAFR) also returned to the benchmark.

Following a February change to the FRVT API, NIST shows false negative identification rates (FNIR) in blue for algorithms detecting faces and producing templates from multiple faces in a single image, which the Idemia and HyperVerge algorithms are examples of.

Market forecast to reach $22.5B by 2032

The global market for facial recognition is forecast by Future Market Insights to grow from $5.2 billion this year to $22.5 billion by 2032, a compound annual growth rate of 15.7 percent. Emerging security camera technologies and deployments in public spaces by governments are expected to lead the growth.

Other areas of technical advances expected to drive growth include 3D imaging and cloud-based solutions.

Related technologies like face detection for intelligent signage are also expected to register significant gains.

Biometric software is expected to grow at an even faster rate than the overall facial recognition market, as are law enforcement applications.

Related Posts

Article Topics

 |   |   |   |   |   |   |   |   |   |   |   | 

Latest Biometrics News

 

Japan introduces new rules on biometric data in APPI amendment bill

Amendments are coming to Japan’s Act on the Protection of Personal Information (APPI). The country’s cabinet has approved a bill…

 

Signzy integrates biometric KYC with Velocity FinCrime fraud, AML monitoring

Identity verification and regtech company Signzy has secured a deal to integrate its Know Your Customer (KYC) technology with Velocity…

 

Suprema launches access control reader for high-volume QR code entry

The new XPass Q2 access control reader from Suprema reflects the role QR codes have taken as a standard credential…

 

Synthetic identity fraud soared 8X in 2025: LexisNexis

Theft using synthetic identities now accounts for 11 percent of all reported fraud, making it the fastest-growing fraud type worldwide,…

 

Global Development Network launches $50K DPI inclusivity research grants

The Global Development Network (GDN) has launched a new research initiative for national teams to assess how inclusive their countries’…

 

UK’s OfDIA assigns international digital identity standards role as DVS ‘backbone’

One of the key principles driving digital identity is that, in keeping with the shape of the digital world, it…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis and Buyer's Guides

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events