Image recognition is the ability of software to identify places, logos, objects, people, and other variable in images. Smartphones and tablets equipped with cameras have pushed this technology from mainly industrial applications. It can also be used to initiate a search. The large volume of digital data is being used by companies to deliver better and smarter services to the people accessing it. It is widely applicable in insurance, media & entertainment, retail & consumer goods, IT & telecom, government, healthcare, transportation & logistics. Increasing use of image recognition applications may act as a major driver in the growth of image recognition market. On the other side, high cost of installation of image recognition systems may hinder the market.
The Global Image Recognition Market accounted for USD 16.2 billion, growing at a CAGR of 20.3% during the forecast to 2026. This rise in market value can be attributed to the growth in geriatric population and different diseases.
Top Competitors: Image Recognition Market
Some of the major players of the global image recognition market are Qualcomm Technologies, NEC India, Google, JASTEC Co., Catchoom, Honeywell International, Hitachi, Slyce, Wikitude GmbH, Attrasoft, itraff, Apple,Facebook, Twitter, Inc, Google, and others.
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This Image Recognition market research report gives a detailed synopsis on the study of the industry and its impacting on the market environment. Also, with the market statistics covered in the report, it has become easy to get global perspective for international business. With this market report, businesses can acquire details about market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product. What is more, emerging product trends, major drivers, challenges and opportunities in the market are identified and analysed exactly while generating this Image Recognition report.
Major Market Drivers & Restraints:
- Increasing use of image recognition applications
- Increasing demand for security applications and products enabled with image recognition functions
- Technology acceptance by various companies in different verticals
- Increasing use of high bandwidth data services
- High cost of installation of image recognition systems
Table of Content:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Image Recognition Market Landscape
Part 04: Global Image Recognition Market Sizing
Part 05: Global Image Recognition Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
And More…. Get Detailed TOC @ https://databridgemarketresearch.com/toc/?dbmr=global-image-recognition-market
Market Segmentation: Image Recognition Market
- By Technology (Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition);
- By Component (Hardware, Software, Services);
- By Application Deployment Type; Industry – Industry Trends and Forecast to 2026
Company Share Analysis: Image Recognition Market
The report for image recognition market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendor’s strengths and opportunities against present market challenges, measure provider’s ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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