The global image recognition market size is expected to reach USD 80.29 Billion at a steady CAGR of 15.3% in 2028, The advent of cloud media services and increase in number of mobile devices is fueling market growth to a significant extent. Deployment and preference for cloud-based services has increased to a significant extent due to the COVID-19 pandemic. The major benefits of cloud as a platform in the market are its easy scalability and ease of sharing already collected images and data between all devices.
The report on global image recognition market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focussing on for the estimated period. The research further holds vital information on the size of market and data on the prominent leaders' product owners have to compete with, in the coming years. Assessments of the broad strengths, as well as weaknesses too, add value to the overall research. Products details not only cover the popular applications and its performance, but it also unveils certain trends and value of specific products within specific regions.
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Key companies profiled in the report include:
IBM Corporation, Qualcomm, Honeywell, Toshiba, Microsoft, Huawei, Oracle, NEC Corporation, Catchoom, and Slyce.
The Global Image recognition Market research report is a detailed document outlining the recent advancements and developments in the Image recognition business sphere considering 2019 as the base year and 2020-2028 as the forecast timeline. The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.
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The report further divides the Image recognition market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Image recognition market.
Emergen Research has segmented the global image recognition market on the basis of component, application, deployment mode, technique, industry vertical, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
- Security and Surveillance
- Scanning and Imaging
- Augmented Reality
- Image Search
- Marketing and Advertising
Deployment Mode Outlook (Revenue, USD Billion; 2018–2028)
Technique Outlook (Revenue, USD Billion; 2018–2028)
- Object Recognition
- QR/ Barcode Recognition
- Pattern Recognition
- Facial Recognition
- Optical Character Recognition
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- Media Entertainment
- Retail E-commerce
- IT Telecom
- Automobile Transportation
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Image recognition market?
What are the key product types and applications of the Image recognition industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Image recognition market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Image recognition Market by 2028?
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