European Ai In Image Recognition Market: Industry Trends, Market Size, Competitive Analysis and Forecast - 2019-2025
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A major restraint to the market is the future implementation of strict government regulations over the usage of facial recognition data in order to maintain the privacy of the citizens. By the implementation of the law, the citizen will get information about when and how their data were used. Belgium, UK, Sweden are among the countries which can take this kind of action in the near future.
The market is segmented on the basis of product type and end-user. Based on the product type, the market is bifurcated into hardware and software. The market for software is growing owing to the increasing demand for highly accurate facial analysis on video and images. Based on end-user, the market is segmented into automotive, BFSI, healthcare, security, and retail. Growing adoption of image recognition software for security as well as customer identification is the most common factor contributing to the growth of the BFSI segment.
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European Ai In Image Recognition Market-Segmentation
By Product Type
European Ai In Image Recognition Market-Regional
• Rest of Asia-Pacific
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