openPR Logo
Press release

Germany AI In Image Recognition Market is estimated to grow significantly at a CAGR of over 28% during the forecast period.

01-14-2020 03:09 PM CET | IT, New Media & Software

Press release from: Orion Market Reports

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 @

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:

Germany Ai In Image Recognition Market-Segmentation

By Product Type
• Hardware
• Software

By End-User
• Automotive
• Healthcare
• Security
• Retail

Company Profiles
• CellmatiQ GmbH
• Fujitsu Ltd.
• Google, LLC
• IBM Corp.
• Microsoft Corp.
• MotionsCloud UG
• Pattern Recognition Company GmbH

For more customized data, request for report customization @

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
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:

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: 255

More Releases from Orion Market Reports

Remicade Biosimilar Market Size & Growth Analysis Report, 2021-2027
Biosimilar can be defined as a type of biological product that is highly similar to an already FDA approved drug, known as reference biological product. (Get 15% Discount on Buying this Report) Get Sample Copy of Remicade Biosimilar Market at: Segment by Type • 100mg/10ml • 500mg/50ml Segment by Application • Blood Disorders • Oncology Diseases By Company • Synthon Pharmaceuticals • LG Life Sciences • Novartis (Sandoz) • Celltrion • Biocon • Hospira • Merck Serono (Merck Group) • Biogen idec Inc A full report of Global Remicade Biosimilar Market is available at: Scope of the Report The research
Skin Graft Blades Market 2021 Growth, COVID Impact, Trends Analysis Report 2027
The skin graft blade is also called a skin knife. The skin graft blade is a surgical instrument used to isolate part of the skin. They are mainly used in the degreasing process to remove skin from patients. (Get 15% Discount on Buying this Report) Get Sample Copy of Skin Graft Blades Market at: Segment by Type • Full-Thickness Skin Grafts • Split-Thickness Skin Grafts Segment by Application • Hospitals • Clinics • Others By Company • De Soutter Medical • Nouvag • AygunSurgicalInstrument • Zimmer • Integra LifeSciences • Humeca • SteadMed Medical • Swann-Morton A full report of Global
Surgical & Operating Microscopes Market Size | COVID-19 Impact Analysis | Foreca …
A surgical/surgical microscope is an instinctively or electrically operated optical tool specifically designed for use in a surgical environment to perform microsurgery. It has a mixture of lenses that provide stereoscopic vision, magnification and an illuminated picture of the surgical site. The surgical microscope is ergonomically designed to provide customers with damage-free surgery. Surgical & Operating Microscopes market size was US$ 1886 million and is forecast to 3562.1 million US in
Syringe Trays Market Trends 2021 | Segmentation, Outlook, Industry Report to 202 …
Syringe trays are made for pharmaceuticals applications using high-quality raw material and high-impact polystyrene with sterilizable, anti-static or conductive properties. (Get 15% Discount on Buying this Report) Get Sample Copy of Syringe Trays Market at: Segment by Material • Polypropylene Syringe Trays • Polyvinyl Chloride Syringe Trays • Polystyrene Syringe Trays • Polyethylene Syringe Trays Segment by Application • Pharmaceuticals • Veterinary • Agriculture • Food By Company • Medline Industries • Tray International • Treiber Trays • East Coast Medical Supply • Avsr Group Of Companies • AdDent Inc • Winner Medical A full report of Global Syringe Trays Market is available at: Scope

All 5 Releases

More Releases for Germany

Luxury Goods in Germany
Luxury goods enjoyed further positive growth in Germany in 2016, with volume and value sales increases seen in all nine categories covered by Publisher. The highest overall growth was seen in the rather young category of luxury portable consumer electronics, while the slowest growth was reported in the rather old-fashioned category of luxury writing instruments and stationery. Ultimately, the current value growth rate registered across luxury goods in 2016 was
Agrochemicals Market in Germany
ReportsWorldwide has announced the addition of a new report title Germany: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Germany: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Packaged Food in Germany
Summary Retail value sales of packaged food continued to grow in Germany in 2016, as was the case in all years of the review period from 2011 to 2016. The last time a decline took place was in the context of the global economic and financial crisis and the following recession in 2010. In the context of the review period as a whole, the 2016 development was slightly below average, although
Laparoscopes Market 2016 - Stryker (USA), Henke-Sass Wolf (Germany ), Aesculap ( …
Laparoscopic surgery uses a special instrument called the laparoscope. The laparoscope is a long, slender device that is inserted into the abdomen through a small incision. It has a camera attached to it that allows the obstetrician–gynecologist (ob-gyn) to view the abdominal and pelvic organs on an electronic screen. If a problem needs to be fixed, other instruments can be used. These instruments usually are inserted through additional small incisions
MBA - Market Germany
The MBA degree is becoming increasingly more important for career opportunities of young professionals and managers in German- speaking countries. Simultaneously, there is a wide variety of MBA programs and it is strenuous to find the exact program desired. Educationconsult is glad to give you a short overview regarding the German MBA-market. Fact sheet 2009: • 72 University and 130 Universities of Applied Sciences (Fachhochschule) in Germany offer traditional Business Degrees (Diplom,
How safe is Germany?
A few weeks ago, alarmist coverage of a fight which took place during a festival in the small town of Mügeln (Saxony) was featured in newspapers throughout Germany. The incident consisted of a violent confrontation between Indians and Germans, resulting in speculation that the fight was racially motivated. Since then the question of whether Germans are racist or xenophobic has once more been the subject of vigorous discussion. However, Germany is