Exclusive Insights on Image Recognition Market Industry Growths, Top Key Player with market Size like NEC Corporation (Japan), Qualcomm (US), Catchoom (Spain), Google Inc. (US), SAC Sirius Advanced Cybernetics GmbH (Germany), Hitachi (Japan), and more

AllTheResearch added a new report on “Image Recognition Market to 2026” Research report provides detailed study data which includes total global revenues in the market with historical analysis, key figures including total revenues, total sales, key segments, drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Image Recognition market. The research report relies on global governing bodies as primary sources of data, with independent analysis of the forecast, and objective estimations of the growth. The study aims to provide global investors with a game-changing decision-making tool covering key fundamentals of the Image Recognition market.

The Image Recognition Market size was valued at US$ 22429.7 Mn in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 18.4% for the forecast period ending 2026 reaching a Market value of US$ XX Mn.

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Key players covered in the Image Recognition Market report include:

  • NEC Corporation (Japan)
  • Qualcomm (US)
  • Catchoom (Spain)
  • Google Inc. (US)
  • SAC Sirius Advanced Cybernetics GmbH (Germany)
  • Hitachi
  • Ltd. (Japan)
  • LTU Tech (France)
  • Ricoh Innovations Corporation (US)
  • Attrasoft Inc. (US)
  • Amazon Web Services Inc. (US)
  • and Pattern Recognition Company GmbH (Germany)

This qualitative and quantitative analysis will include key product offerings, key differentiators, revenue share, market size, market status, and strategies. The report will also cover key agreements, collaborations, and global partnerships soon to change the dynamics of the market on a global scale.

Market Segmentation

The global Image Recognition market is studied with reference to the following segments – product type, application, and region. The product type segment studies the various kinds of product offerings made available by this market. The product application segment studies the various end-users of the global Image Recognition market space, who form its consumer sectors. Finally, the regional segment assesses the market prominence of this market sector in different regional markets across the world.

For product type segment, this report listed the main product type of the Image Recognition market:

  • By Recognition Technology (Digital Image Processing, Object Recognition, Facial Recognition, Optical Character Recognition (OCR), Pattern Recognition, Barcode Recognition, Others)
  • By Component (Hardware, Software, Services)
  • By Deployment (On-Premises, Cloud)

For the end use/application segment, this report focuses on the status and outlook for key applications. End users are also listed:

  • By Application (Security & Surveillance, Scanning & Imaging, Augmented Reality, Marketing & Advertising, Others)
  • By End-use Industry (Media & Entertainment, BFSI, IT & Telecom, Retail, Healthcare, Transportation & Logistics, Government, Others)  

For geography segment, regional supply, application-wise, and type-wise demand, major players, price is presented from 2016 to 2026. This report covers the following regions:

North America

South America

Asia & Pacific

Europe

MEA (the Middle East and Africa) 

This report determines the region among these areas where the global Image Recognition market is the most dominant and studies the reasons for this market dominance and reviews the areas among these, which according to our research, will witness the fastest growth for the global Image Recognition market. The factors driving this growth are discussed and a CAGR for growth may also be approximated. Factors can range from easy acceptance of technology to convenient governmental policies and regulations.

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Impact of Covid-19 on Image Recognition Market:

The utility-owned segment is mainly being driven by increasing financial incentives and regulatory supports from the governments globally. The current utility-owned Image Recognition Market is affected primarily by the COVID-19 pandemic. Most of the projects in China, the US, Germany, and South Korea are delayed, and the companies are facing short-term operational issues due to supply chain constraints and lack of site access due to the COVID-19 outbreak. Asia-Pacific is anticipated to get highly affected by the spread of the COVID-19 because of the pandemic in China, Japan, and India

Effect of COVID-19: Image Recognition Market report investigates the effect of Coronavirus (COVID-19) on the Image Recognition industry. Since December 2019, the COVID-19 infection spread to practically 180+ nations around the world with the World Health Organization pronouncing it a general wellbeing crisis. The worldwide effects of the Covid infection (COVID-19) are now beginning to be felt and will essentially influence the Image Recognition market in 2020 and 2021.

Key questions answered in the report:

  1. What is the growth potential of the Image Recognition market?
  2. Which product segment will grab a lion’s share?
  3. Which regional market will emerge as a leader in the coming years?
  4. Which application segment will grow at a healthy rate?
  5. What are the growth opportunities that may emerge in the Image Recognition industry in the years to come?
  6. What are the key challenges that the global Image Recognition market may face in the future?
  7. Which are the leading companies in the global Image Recognition market?
  8. Which are the key trends positively impacting the market growth?
  9. Which are the growth strategies considered by the players to sustain hold in the global Image Recognition market?

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