Press release
Germany AI In Image Recognition Market is estimated to grow significantly at a CAGR of over 28% during the forecast period.
Germany AI In Image Recognition Market is estimated to grow significantly at a CAGR of over 28% during the forecast period. Germany is the fourth-largest economy globally and largest in Europe. The country is expected to be the largest player in AI in image recognition in the region. The dominance of Germany in the market is high usage of technology in the automotive, BFSI and security. Germany is a major automotive manufacturing hub globally and the sector contributes 15-20% of the total economy of the country. The major automotive manufacturer which are headquartered in Germany includes BMW, MAN, Daimler AG, and Volkswagen. Along with OEM, the country has a well-renowned supplier base that supplies its products across the globe. The growing automotive industry may also contribute to the demand for AI in image recognition technology owing to the increasing demand for connected cars and ADAS.To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/germany-ai-in-image-recognition-market
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.
A number of startups are working on image recognition technology in the country. Chatshopper is a startup in the country which is working to make search conversational in the fashion industry. The company has introduced the bot Emma which can send the product suggestions based on the shopping requests. Another startup is MotionsCloud which provides a claims solution for P&C insurers in order to streamline and automate claims processes. By the use of software, the claim cycle has been reduced to hours from days and the claim expenses can be reduced up to 75%. For this, the company is integrating mobile, AI image recognition, and video-enabled technologies into the system.
A full report of Germany Ai In Image Recognition Market is available at: https://www.omrglobal.com/industry-reports/germany-ai-in-image-recognition-market
Germany Ai In Image Recognition Market-Segmentation
By Product Type
• Hardware
• Software
By End-User
• Automotive
• BFSI
• Healthcare
• Security
• Retail
Company Profiles
• CellmatiQ GmbH
• Fujitsu Ltd.
• Google, LLC
• IBM Corp.
• Microsoft Corp.
• MotionsCloud UG
• Pattern Recognition Company GmbH
• PEAT GmbH
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/germany-ai-in-image-recognition-market
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +1 646-755-7667, +91 780-304-0404
Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Germany AI In Image Recognition Market is estimated to grow significantly at a CAGR of over 28% during the forecast period. here
News-ID: 1896093 • Views: …
More Releases from Orion Market Reports
Module Power Supply Market to see Huge Growth by 2031
The Module Power Supply Market is experiencing substantial growth, fueled by increasing demand for efficient, compact, and reliable power solutions across a wide range of industries. These power supplies, which convert electrical power to a suitable form for specific applications, are essential in sectors like telecommunications, automotive, medical devices, and consumer electronics. With technological advancements and rising energy efficiency needs, the market is expected to continue expanding, driven by innovations…
Plasma Spray Guns Market to see Rapid Growth by 2031
The Plasma Spray Guns Market is witnessing significant growth, driven by the rising demand for surface coating and thermal spray applications across industries such as aerospace, automotive, manufacturing, and electronics. Plasma spray guns are widely used for depositing coatings on substrates to enhance their properties, including wear resistance, corrosion resistance, and thermal protection. As industries continue to focus on improving product performance and durability, the plasma spray gun market is…
Plasma Surface Treatment Machine Market Will Generate Record Revenue by 2031
The Plasma Surface Treatment Machine Market is witnessing significant growth as industries increasingly adopt plasma surface treatment technology for enhancing the properties of materials. Plasma surface treatment machines are used to modify the surface characteristics of materials like metals, plastics, and ceramics, offering improvements in adhesion, corrosion resistance, and wear resistance. As the demand for advanced surface treatments rises across automotive, electronics, packaging, and manufacturing sectors, the market for plasma…
Plasma Torch Market Value Projected to Expand by 2031
The Plasma Torch Market is experiencing rapid growth, driven by the increasing demand for high-precision cutting and welding technologies in industries such as manufacturing, automotive, aerospace, and construction. Plasma torches are essential tools in thermal cutting applications, offering fast and accurate cuts on various materials, including metals, plastics, and composites. With advancements in plasma cutting technology and the growing need for energy-efficient solutions, the market for plasma torches continues to…
More Releases for Germany
Robot End Effector Market Size in 2023 To 2029 | Schunk (Germany), Schmalz (Germ …
The report offers a detailed measurement of the drivers, development, and prospects that have a direct impact on the Robot End Effector market. The market study contains an in-depth analysis of the international Robot End Effector Market based on the key boundaries that encompass the drivers, sales inquiry, market limits & share. The report further highlights assessing the market size of four key regions, namely North America, Europe, Asia-Pacific, and…
Germany Agriculture Market, Germany Agriculture Industry, Germany Agriculture Da …
Agriculture is important sector for the Germany’s food security and also a provider of jobs. More than half of country’s national territory is used for farming. Approximately 1 million people currently work part-time or full-time in agricultural holdings. Key agricultural products include milk, cereals, potatoes, barley, cabbages, pork, beef, poultry, wheat, and sugar beets. In some regions fruits & vegetables, wine and other horticultural products play a significant role. Agricultural…
High Voltage System Market 2020: Top Key Players Are Bosch (Germany), Continenta …
High Voltage System Market Overview:
Research report on The High Voltage System Market by ‘Market Growth Insight’ covers deep analysis on key factors that directly influence the market growth including impact of COVID-19. The report is a thorough study of drivers, opportunities, restraints, challenges, and risks associated with the High Voltage System market to help the players plan their growth activities and strategies carefully, while considering these crucial factors. The High…
Product Engineering Services Market Outlook 2024 By Key Players: Accenture PLC(G …
Product Engineering Services Market reports report offers a comprehensive evaluation of the global market analysis (2019-2024). This 94 pages research study involves the extensive use of both primary interviews and secondary research data sources. The report consists of market share, size, CAGR, industry analysis, go to market strategy, SWOT analysis, sales, revenue, key players, information on products and application, competitive insights, value chain, and macroeconomic analysis etc.
The product engineering is…
High Voltage System Market Scenario Highlighting Major Drivers & Trends, 2019 †…
High Voltage System Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation…
Global Contrast Sensor Market 2025 | BALLUFF(Germany), CONTRINEX(Swizerland), Di …
Researchmoz added Most up-to-date research on "Global Contrast Sensor Market Insights, Forecast to 2025" to its huge collection of research reports.
The Contrast Sensor market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the…
