Image Recognition Market at A Highest CAGR of 20.3% by 2026 With Leading Players Hitachi, Slyce, Wikitude GmbH, Attrasoft, itraff, Apple, Facebook, Twitter, Google, Qualcomm Technologies

Global Image Recognition Market 

It is widely applicable in insurance, media & entertainment, retail & consumer goods, IT & telecom, government, healthcare, transportation & logistics. Increasing the use of image recognition applications may act as a major driver in the growth of the image recognition market. On the other side, the high cost of installation of image recognition systems may hinder the market. Image recognition is the ability of software to identify places, logos, objects, people, and another variable in images. Smartphones and tablets equipped with cameras have pushed this technology from mainly industrial applications. It can also be used to initiate a search.

The Global Image Recognition Market accounted for USD 16.2 billion, growing at a CAGR of 20.3% during the forecast to 2026. This rise in market value can be attributed to the growth in the geriatric population and different diseases.

Influencing players of this market are: Hitachi, Slyce, Wikitude GmbH, Attrasoft, itraff, Apple, Facebook, Twitter, Google, Qualcomm Technologies, NEC India, Google, JASTEC Co., Catchoom, Honeywell International and others.

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The Image Recognition market report is a precise study of the industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. The Image Recognition report makes it effortless to identify the types of consumers, their response and views about particular products, their thoughts for the improvement of a product and appropriate method for the distribution of certain product. The report endows with the abundant insights and business solutions that will help you attain the new horizons of success. Well, for better decision making, sustainable growth, and maximum revenue generation today’s businesses call for such comprehensive market research report.

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Major Market Drivers & Restraints:

  • Increasing use of image recognition applications
  • Increasing demand for security applications and products enabled with image recognition functions
  • Technology acceptance by various companies in different verticals
  • Increasing use of high bandwidth data services
  • High cost of installation of image recognition systems

Table of Content:

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Image Recognition Market Landscape

Part 04: Global Image Recognition Market Sizing

Part 05: Global Image Recognition Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Market Segmentation: Image Recognition Market

  • By Technology (Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition);
  • By Component (Hardware, Software, Services);
  • By Application Deployment Type; Industry – Industry Trends and Forecast to 2026

Company Share Analysis: Image Recognition Market

The report for image recognition market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendor’s strengths and opportunities against present market challenges, measure provider’s ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Reasons to Purchase this Report

  • Current and future of global market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Key insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved


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