Image Recognition Technology Market Latest Trends, Technological Advancement, Driving Factors and Forecast to 2027 | IBM Corporation, Imagga Technologies, Amazon Web Services, Qualcomm Incorporated, Google, Microsoft Corporation

The Image Recognition Technology Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.

The COVID-19 impact assessment included in this report makes it highly distinctive from other market reports of the same category. Researchers have drawn a major focus on the significant impact of the COVID-19 pandemic on the Image Recognition Technology Market. This section depicts the pandemic’s effects on the global economic scenario, which have further impacted the Image Recognition Technology business sphere. The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements for the market’s potential downturn. The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends. Therefore, the report broadly assesses the comprehensive impact of the pandemic on the overall growth of the Image Recognition Technology Market, besides offering a future COVID-19 impact assessment.

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Competitive Landscape

The report presents a holistic investigation of the Image Recognition Technology business mechanism and growth-oriented approaches undertaken by the leading companies operating in this market. The report highlights the numerous strategic initiatives, such as new business deals and collaborations, mergers & acquisitions, joint ventures, product launches, and technological up-gradation, implemented by the leading market contenders to set a firm foot in the market. Hence, this section is inclusive of the company profiles of the key players, total revenue accumulation, product sales, profit margins, product pricing, sales & distribution channels, and industry analysis.

Market segments by Top Manufacturers:

IBM Corporation, Imagga Technologies, Amazon Web Services, Qualcomm Incorporated, Google, Microsoft Corporation, NEC Corporation, LTU technologies, Catchoom Technologies

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Market split by Product can be divided into:

• Object Detection
• QR/Barcode Recognition
• Pattern Recognition
• Optical Character Recognition

Market split by Application can be divided into:

• IT & Telecom
• BFSI
• Healthcare
• Retail
• Government
• Media & Entertainment
• Transportation & Logistics
• Manufacturing

Key Points of the Geographical Analysis:

• Data and information related to the consumption rate in each region
• The estimated increase in the consumption rate
• The expected growth rate of the regional markets
• Proposed growth of the market share of each region
• Geographical contribution to market revenue

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Key Highlights of the Image Recognition Technology Market Report:

• R&D Analysis
• Raw Material Sourcing Strategy
• Product Mix Matrix
• Supply chain optimization analysis
• Vendor Management
• Location Quotients Analysis
• Regional demand estimation and forecast
• Pre-commodity pricing volatility
• Technological advancements
• Carbon Footprint Analysis
• Competitive Analysis
• Patent Analysis
• Mergers & Acquisitions
• Cost-Benefit Analysis

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