Press release
Image Recognition Market Size: $ 15.95 Bn in 2016 to $ 38.92 Bn by 2021
Image Recognition Market
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“Increasing use of image recognition applications is driving the global image recognition market”
The image recognition market is projected to grow from USD 15.95 billion in 2016 to USD 38.92 billion by 2021, ata CAGR of 19.5% between 2016 and 2021.The market for image recognition is growing substantially owing to the increasing adoption of image recognition technology by various industry verticals, such as retail, healthcare, automotive, and defense. Increasing use of high bandwidth data services is one of the most significant drivers influencing the growth of the image recognition market. High cost of installation of image recognition systems is acting as a restraint for the growth of the image recognition market.
“Based on technology, the digital image processing technology segment of the image recognition market is projected to grow at the highest CAGR during the forecast period”
Based on component, the digital image processing segment of the image recognition market is estimated to grow at the highest CAGR during the forecast period. This high growth of the digital image processing segment can be attributed to the increasing use of digital images in various sectors such as retail and healthcare.
Image Recognition Market Analysis, By Technology
Introduction
Code Recognition
Digital Image Processing
Facial Recognition
Object Recognition
Pattern Recognition
Optical Character Recognition
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Fundamentals of Table of Content:
8 Image Recognition Market Analysis, By Component
8.1 Introduction
8.2 Hardware
8.3 Software
8.4 Services
8.4.1 Managed Services
8.4.2 Professional Services
8.4.3 Training, Support, and Maintenance Services
9 Image Recognition Market Analysis, By Application
9.1 Introduction
9.2 Scanning & Imaging
9.3 Security & Surveillance
9.4 Image Search
9.5 Augmented Reality
9.6 Marketing & Advertising
14 Company Profiles
14.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
14.2 Qualcomm Incorporated.
14.3 NEC Corporation
14.4 Google Inc.
14.5 LTU Technologies
14.6 Catchoom Technologies S.L.
14.7 Honeywell International Inc.
14.8 Hitachi, Ltd.
14.9 Slyce Inc.
14.10 Wikitude GmbH
14.11 Attrasoft, Inc.
14.12 Key Innovator
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
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