Press release
Image Recognition Market 2018 to 2023 Global Market Size, Status, Analysis and Forecast
In the era of fast moving technological advancement where visual content is continuously replacing the conventional technology of textual solutions, technologies such as image recognition, facial recognition and 3D object recognition are building a very strong layout for providing superior solutions in the area such as security and surveillance, automotive safety, automatic driving and assistance, forensics and police investigations, biometric scanning appliances, healthcare and e-commerce etc.
Various businesses have started recognizing the benefits of collecting the information from images digitally. This digital information can help to enhance customer experience and offer various new ways to approach customers. The rising sophistication of image recognition technologies is expected to grow at a fast pace. In most of the regions of the world, due to the increase in the tech savvy people many new players are focusing towards incorporating Image Recognition technologies in their products.
The growing demand of the virtual market and other stimulation products is creating a huge market potential for image recognition products.
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Key players
The global competitors in gesture recognition sector are Jestec (LTU Technologies) (Japan), Honeywell (U.S.), Toshiba (Japan), Itraff Technology (Poland), Sharp Vision Software (U.S.), Qualcomm Technologies (U.S.), Panasonic (Japan), NEC (Japan), Hitachi(Japan), Catchoom and others.
Industry News
In Sep 2016, HONEYWELL announces key enhancement in video surveillance portfolio
In Feb 2016, Toshiba Launches New Line-up of Image Recognition Processors for Monocular Cameras
In Feb 2013, Panasonic Develops Technology for Highly Sensitive Image Sensors Using Micro Color Splitters
Market Segmentation
Segmentation by Solution: Facial Recognition, Barcode/ quick response code recognition, Sensors, Object Recognition, Optical Object Recognition, and Pattern Recognition.
Segmentation by Deployment: On premises, On demand
Segmentation by Component: Hardware, Software.
Segmentation by Application Areas: BFSI, IT and Telecom, healthcare, hospitality, retail industry, automobile, aerospace, defense and SME organizations among others.
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