Image recognition Market SWOT Analysis 2019 by Emerging Technologies, Latest trends, Innovations and Competitive Outlook with leading key players Attrasoft, Inc., Catchoom Technologies S.L., Google Inc., Hitachi, Ltd., Honeywell International Inc., Key In

Image recognition 2019 Report published by Worldwide Market Report is the best guideline for users in Image recognition Industry. This study is the valuable source of current market Status, Trends and Dynamics. This study predicts the growth opportunities of Image recognition Market in upcoming years on the basis of 5 years historical research of Key Industy.

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Market Overview:
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. It uses a technology that detects places, people, items, buildings, logos, and different variables in pictures with the help of artificial intelligence.

Growing usage of image recognition applications, rising demand for security applications and products enabled with image recognition functions, technology acceptance by several companies across different verticals and rising use of high bandwidth data services are some of the factors driving the market growth. The growing sophistication of image recognition technologies is providing ample of growth opportunities in several fields.

The fields of security and surveillance, defense, automatic automobiles, financial services, health care, and education are also deriving many definitive benefits from advancements in image recognition. A variety of image recognition software products and services are being employed by companies for enhancing many industry-specific business processes. As such, the global market for image recognition is witnessing expansion at an exponential rate.

Market Trends And Opportunities:
The rising sophistication of image recognition technologies is creating a plethora of growth opportunities in several fields. In the field of digital shopping, e-commerce companies can easily target the rising number of users shopping online from their smartphones or other mobile computing devices. This expanding group of potential consumers can be attracted by making the digital space more interactive and making everything easily searchable, and thus purchasable. The market also has a huge scope of development in the field of health care, where the rapid adoption of electronic health records and remote health care practices are boosting the scope of utilization of various image recognition products and services.

Key Players:
Some of the key players in the market include Attrasoft, Inc., Catchoom Technologies S.L., Google Inc., Hitachi, Ltd., Honeywell International Inc., Key Innovator, LTU Technologies, NEC Corporation, Qualcomm Incorporated., Slyce Inc. and Wikitude GmbH.

Market regional Outlook:
The North American region generated the highest revenue in 2016 and is anticipated to dominate the market from 2017 to 2025. The growth of the segment can be attributed to rising integration of image recognition and mobile computing platforms in the field of digital shopping and e-commerce.

The Asia Pacific region is expected to witness prominent growth with a highest CAGR over the forecast period. Increasing applications of facial recognition in security and surveillance systems in China is projected to drive market growth in the region.

The Europe market is expected to witness significant growth over the forecast period. Surging advancements in automobile obstacle detection technologies are expected to fuel adoption of image recognition in the region’s automobile sector.

Market Segmentation:
By Deployment Mode
On premise
Cloud

By Component
Hardware
Software
Service

By Industry Vertical
IT & Telecom
BFSI
Healthcare
Retail
Government
Media & Entertainment
Transportation & Logistics
Manufacturing
Others

By Technology
Object Detection
QR/Barcode Recognition
Facial Recognition
Pattern Recognition
Optical Character Recognition

By Application
Scanning & Imaging
Security & Surveillance
Image Search
Augmented Reality
Marketing & Advertising

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