Market Research Report
Global Image Recognition Market Research and Forecast, 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||801128|
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|Global Image Recognition Market Research and Forecast, 2019-2025|
|Published: February 27, 2019||Content info:||
Global Image Recognition Market Size, Share & Trends Analysis Report by Application (Augmented Reality, Marketing, Security, Image Search, and Others), by End-User (Retail Sector, Telecom & IT, BFSI, Media & Entertainment, Healthcare, and Others) and Forecast, 2019 - 2025
Image recognition is based on the neural architecture search technology. Neural architecture search is being widely used in machine learning technology. Neural architecture search develops an artificial neural network to assist the automatic machine operations. The image recognition technique works on some steps which include gathering and organized data followed by building a predictive model and then use it to process image recognition for other objects or images. Some of the widely adopted applications of image recognition include face recognition locks in smart devices, payment through face identification, tagging facilities in social media network, augmented reality applications and various other fields. E-commerce is the fastest emerging industry in the retail sector. In order to ease customer services, e-commerce companies are rapidly adopting image recognition technology. The adoption rate is quite significant in the gaming and automotive industry as well. The increasing efforts of countries in government services and healthcare sector is augmenting the market growth at the global level.
Global image recognition market is segmented on the basis of end-user into the retail sector, telecom & IT, BFSI, media & entertainment, healthcare, and others. By application, the market is segregated into augmented reality, marketing, security, image search, and others. Due to the growing number of applications of augmented reality, the segment is estimated to grow with a considerable rate during the forecast period.
Moreover, on the basis of geography, the global image recognition market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia- Pacific is the fastest growing region due to active efforts of market players for expansion and equivalent participation of government in the adoption of advanced technologies such as image recognition for various applications. North America is reported to have a dominant share of the global image recognition market.
Global image recognition market comprises of various companies such as Nvidia Corp., Panasonic Corp., Wikitude GmbH, Microsoft Corp., Google, LLC, Amazon Web Services, Inc., IBM Corp., Hitachi Ltd., Honeywell International, Inc., and others. Strengthening the service portfolio of applications based on image recognition is one of the key strategies for market players. Companies are targeting potential market players to expand their operational capabilities. Emerging economies such as India, China, and various European countries are being developed rapidly in software technologies. The companies are focused on technological advancement in data mining with the help of artificial intelligence (AI) and big data. Integration of advanced technologies with image recognition is strengthening the portfolio of the market players. Companies are following a collaborative partnership with industry player to grow the client base.
The market study of the global image recognition market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for ICT companies, research organizations, companies working on advanced technology, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.