Image Recognition Market Size, Share: Emerging Technologies, Sales Revenue, Key Players Analysis, Development

Image recognition technology, powered by machine learning, has been embedded in several fields, such as self-driving vehicles, automated image organization of visual websites, and face identification on social networking websites. One of the most popular applications of image identification is social media monitoring, as visual listening and visual analytics are the essential factors of digital marketing.

MARKET SCOPE

The "Global Image Recognition Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the image recognition market with detailed market segmentation by component, technology, application, industry vertical and geography. The report provides key statistics on the market status of the leading image recognition market players and offers key trends and opportunities in the market

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The Key Players in The Global Market Are: 

Amazon Web Services
Catchoom
Clarifai Inc
Google Inc.
GUMGUM INC.
IBM Corporation
NEC Corporation
Qualcomm Incorporated.
Slyce Inc.
Wikitude GmbH

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The report segments the global Market as follows:

Based on component, the global image recognition market is segmented into software, services
On the basis of technology, the market is segmented into QR/barcode recognition, facial recognition, object recognition, optical character recognition, pattern recognition
Based on application, the market is bifurcated into security and surveillance, scanning and imaging, marketing and advertising, others
Based on industry vertical, the market is bifurcated into retail and consumer goods, media and entertainment, automotive, healthcare, public services, others

MARKET DYNAMICS

Drivers:

Increasing need for image recognition in the automotive industry.
Rising demand for security applications and products enabled with image recognition functions.
Increasing use of high bandwidth data services

Restraints:

High installation cost of image recognition solutions.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The image recognition market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

According to the Regional Segmentation the Voice Biometrics Market provides the Information covers following regions:

North America
South America
Asia & Pacific
Europe
MEA (Middle East and Africa)

Purchase a copy of Image Recognition Market research report @ https://www.theinsightpartners.com/buy/TIPRE00002818/?utm_source=openPR&utm_medium=10642

IMPACT OF COVID-19 ON IMAGE RECOGNITION MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities

Essential points covered in Image Recognition Market report are:-

What will the market size and the growth rate be in 2028?
What are the key growth stimulants of Image Recognition Market?
What are the key market trends impacting Image Recognition Market valuation?
What are the challenges to market proliferation?
Who are the key vendors in the Image Recognition Market?
Which are the leading companies contributing to Image Recognition Market valuation?
What was the market share held by each region in 2028?
What is the estimated growth rate and valuation of Image Recognition Market in 2028?

Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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This release was published on openPR.