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Image Recognition Market worth USD 53.0 Billion by 2025 | Latest Innovation, Advance Technology, Top Companies

01-13-2021 06:00 PM CET | IT, New Media & Software

Press release from: ReportsnReports

Image Recognition Market worth USD 53.0 Billion by 2025 | Latest

According to Market Study Report, Image Recognition Market provides a comprehensive analysis of the Image Recognition Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The global image recognition market size is expected to grow from an estimated value of USD 26.2 billion in 2020 to USD 53.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.1 % from 2020 to 2025. This report spread across 243 Pages, Profiling 18 Companies and Supported with 247 Tables and 45 figures are now available in this research.

Top Companies Profiled in the Image Recognition Market:
• IBM (US)
• Google (US)
• Qualcomm (US)
• Microsoft (US)
• AWS (US)
• NEC Corporation(Japan)
• Trax (Singapore)
• Partium(Austria)
• LTU Tech (France)
• Vispera(Turkey)
• Blippar(UK)
• Clarifai(US)
• Wikitude (Austria)
• Huawei (China)
• Honeywell (US)
• Hitachi (Japan)
• Toshiba (Japan)
• Oracle (US)

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Services for the image recognition market include implementation, deployment, product upgrades, maintenance, and consulting. Increase in the adoption of image recognition software has led to the growth of such services, which help the companies to increase overall revenue and enhance performance.

This segment includes image sensors integrated with cameras. Hardware is an integral part of image recognition technology market. Many companies like IBM and Qualcomm provide their company made sensors which help detect products, shelf life and even trends. For instance, Qualcomm offers the Vision Intelligence 400 platform that is built with powerful image processing and ML for smart camera products; it performs face detection, face recognition, product classification, and license plate recognition.

Competitive Landscape of Image Recognition Market:
1 Introduction
2 Market Evaluation Framework
3 Revenue Analysis Of Leading Players
4 Historical Revenue Analysis
5 Ranking Of Key Players In Market, 2020

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Reason to access this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall image recognition market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.

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