Global Image Recognition Market Growth Prospects Studied during the Period until 2022

With the advent of technology, numerous devices and equipment for human assistance are developed year after year. Image recognition is a supreme innovation which is utilized primarily in the field of healthcare and defense. To study in-depth about its global market, a fresh report has been included in the wide database of Market Research Hub (MRH). The research report is titled “Global Image Recognition Sales Market Report 2017”, and offers a precise knowledge about the prime market regions, competitors and growth prospects.

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Image recognition is the process of identifying and sensing an object or a feature in a digital image or video. This advance concept is used in many applications such as systems for factory automation, security surveillance and toll booth monitoring. As per report findings, the global image recognition market is expected to reach a higher value in millions by the end of 2022; this growth is likely to be marked at a double-digit during the forecast period.

The research report starts with the market overview which covers scope and market size comparison by product type for the period 2012-2022. This section focuses to present a clear picture of the different product variations available in the image recognition market. Furthermore, the study displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), along with market share and growth rate of each type. The different product types include; Optical Character Recognition (OCR), Pattern and Gradient Matching, Object Recognition, Barcode/Qr Code Recognition and Facial Recognition. This section also includes a stern evaluation of the major applications/end users. The prime applications of image recognition highlighted in the report are government and defense, banking, financial services and insurance, manufacturing or industrial, healthcare and life sciences, consumer goods and retail, IT and telecommunications, transport and logistics and others.

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Geographically, the global market for image recognition is bifurcated into several regions comprising China, United States, Japan, Europe, Taiwan, and Korea. Each of these regions is studied based on the sales (K Units), revenue (Million USD), market share, and growth rate, with forecast analysis from 2012 to 2022. The final section of the report talks about the global image recognition market competition by top manufacturers/players. The primary players studied in this evaluation are Catchoom, LTU Technologies, Honeywell, Toshiba, Hitachi Ltd, Panasonic Corporation, NEC Corporation, Wikitude Gmbh and Qualcomm Technologies. Details about manufacturing cost analysis, industry chain, and marketing strategy analysis are also enclosed in this intelligent report.

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