Press release
Germany AI In Image Recognition Market is estimated to grow significantly at a CAGR of over 28% during the forecast period.
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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
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Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
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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.
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