The image recognition market is experiencing
high growth owing to increasing demand for security as well as the availability
of image recognition technology powered products. Further, rising internet
penetration coupled with high acceptance of social media is propelling the
image recognition market growth. Moreover, the rising inclination of diverse
industry verticals towards high bandwidth data services as well as machine
learning has resulted in the bolstering the demand for image recognition
market. However, high installation cost may hamper the image recognition market
growth to a certain extent.
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| Image Recognition |
Some of the
key players influencing the Image Recognition market are Google Inc., NEC
Corporation, LTU Technologies, Hitachi, Ltd., Honeywell International Inc.,
Qualcomm Incorporated., Catchoom Technologies S.L.,Wikitude GmbH, Slyce Inc.,
and Attrasoft, Inc. among others.
The report
aims to provide an overview of the global Image Recognition market with
detailed market segmentation by component, technology, application, industry
and geography. The global image recognition market is expected to witness high
growth during the forecast period. The report includes key statistics on the
market status of the leading market players and offers key trends and
opportunities in the market. On the
basis of the component the market is segmented as software, hardware, and
services. On the basis of application the market is divided into identity
management, law enforcement, border security, others.
The Image Recognition market research report
offers a detailed overview of the industry including both qualitative and
quantitative information. It also provides market size and forecast till 2027
for overall Image Recognition market with respect to five major regions,
namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa
(MEA) and South America (SAM). The market by each region is later sub-segmented
by respective countries and segments. The report covers the analysis and
forecast of 16 countries globally along with the current trend and
opportunities prevailing in the region.
Source: The Insight Partners
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