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Digital asset management market size was valued at $1,928 million in 2016, and is projected to reach at $5,287 million by 2023, growing at a CAGR of 13.7% from 2017 to 2023.
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Image Recognition Market GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2018- 2025 KNOW MORE
CURRENT AND FUTURE MARKET SCENARIO • The global image recognition market was valued at $17,911 million in 2017. • The global image recognition marketis projected to reach $86,001 million by 2025. • The global image recognition market registering a CAGR of 21.8%from 2018 to 2025. • By deployment mode, the cloud segment is expected to exhibit significant growth in the global image recognition market during the forecast period • By application, the augmented reality segment is expected to exhibit significant growth in the global image recognition market during the forecast period.
FACTORS CONTRIBUTING TO MARKET GROWTH • Growing use of image recognition applications • Technological advancements in facial recognition technology • Growing demand for security applications and products enabled with image recognition functions • Supportive regulations that mandate the use of image recognition solutions For more detail: Click Here
Digital Asset Management Market Segmentation • By Component • IT & Telecom • BFSI • Healthcare • Retail • Government • BY Deployment Mode • On premise • Cloud • By Component • Hardware • Software • Service
The service segment is expected to grow at the highest CAGR during the forecast period. The IT segment dominated the digital asset management market with around 40% market share in 2016
GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • U.S. led, in terms of expenditure on digital asset management solutions and services in 2016. • North America was the highest contributor in the overall digital asset management market in 2016, however, in terms of growth, the market in Asia-Pacific is estimated to grow at the highest rate.
LEADING MARKET PLAYERS • ADAM SOFTWARE NV • ADOBE SYSTEMS INCORPORATED • COGNIZANT TECHNOLOGY SOLUTIONS CORP • EMC CORPORATION • HEWLETT-PACKARD (HP) • IBM CORPORATION • NORTHPLAINS SYSTEMS • OPENTEXT CORPORATION • ORACLE CORPORATION • WIDEN ENTERPRISES
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