Press release
Image Recognition Market Projected to Augment at a Notable CAGR during the Forecast Period until 2024 | Key Players- Toshiba, Hitachi, Panasonic, NEC, Catchoom, Blipper
Image Recognition Market
Global Image Recognition Market Overview:
According to market analysts, Global Image Recognition Market is projected to grow at a high CAGR value from 2019 to 2024.
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Image recognition technology is the process of identifying and detecting an object or a feature in a digital image or video. The field of image recognition has gained widespread acclaims in the past few years. Image recognition system uses the data shared by users through various platforms such as social networks, apps, and websites.
The Image Recognition Market is driven by the rising demand for security applications and products enabled with image recognition functions. The increasing use of high bandwidth data services has fueled the demand for image recognition solutions. Furthermore, high acceptance of image recognition technology by various companies in different sectors such as retail, automotive, healthcare and defense also contributes to the growth of the image recognition market.
The Image Recognition Market is segmented based on Technology, Component, Application, Industry and Regions. On the basis of technology, the market is sub-segmented into code recognition, digital image processing, facial recognition, object recognition, pattern recognition, and optical character recognition. The code recognition technology segment is estimated to lead the image recognition market during the forecast period.
By Industry, The media & entertainment industry segment is estimated to dominate the image recognition market during forecast period owing to the extensive use of image recognition technology by social media.
Regionally, North America is estimated to account for the largest share of the image recognition market in 2016. Significant adoption of new and advanced technologies such as mobile application security solutions and mobile image recognition technology are fueling the growth of image recognition market in this region.
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Key Regions:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
Top global key service provider companies covered in the study include:
1 Toshiba
2 Hitachi
3 Panasonic
4 NEC
5 Catchoom
6 Blipper
7 Itraff Technology and More..
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Key Questions Answered in this Report:
1 How has the Image Recognition market performed so far and how will it perform in the coming years?
2 What are the price trends of Image Recognition?
3 What is the structure of the Image Recognition industry and who are the key players?
4 Who are the key vendors in the global Image Recognition market?
5 What are the latest market trends?
Table of Content:
1 Image Recognition Industry Introduction and Market Overview
2 Industry Chain Analysis
3 Global Image Recognition Market, by Type
4 Image Recognition Market, by Application
5 Global Image Recognition Production, Value ($) by Region (2014-2019)
6 Global Image Recognition Production, Consumption, Export, Import by Regions (2014-2019)
7 Global Image Recognition Market Status and SWOT Analysis by Regions
8 Competitive Landscape
9 Global Image Recognition Market Analysis and Forecast by Type and Application
10 Image Recognition Market Analysis and Forecast by Region
11 New Project Feasibility Analysis
12 Research Finding and Conclusion
13 Appendix
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