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The global image recognition market was valued at $17,911 million in 2017, and is projected to reach $86,001 million by 2025, growing at a CAGR of 21.8% from 2018 to 2025.
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KEYSTROKE DYNAMICS MARKET ANALYST REVIEW The augmented reality segment is expected to grow at the highest CAGR during the forecast period owing to its increased adoption in powering augmented reality applications, such as crowd behavior monitoring and augmented reality advertising Rachita RakeResearch Analyst Allied Market Research
CURRENT AND FUTURE SCENARIO OF MARKET • The global image recognition market was valued at $17,911 million in 2017. • The global image recognition market is projected to reach $86,001 million by 2025. • The global image recognition market growing at a CAGR of 21.8% from 2018 to 2025. • The cloud segment is expected to exhibit significant growth in the global image recognition market during the forecast period. • In 2017, the services segment accounted for the highest revenue in the component category. • The retail segment generated the highest revenue in 2017. • The object detection generated the highest revenue in 2017.
TOP IMPACTING FACTORS TO MARKET GROWTH Rise in popularity of media cloud services, technological advancements in facial recognition technology, the surge in mobile devices equipped with cameras and increase in demand for security applications and products that are enabled with image recognition functions, majorly supplement the growth of the market. However, the high cost of installation of image recognition systems is expected to hamper the market growth. Based on the component, the services segment dominated the global image recognition market in 2017 and is expected to continue this trend during the forecast period owing to the growth in demand for managed network security services as well as media cloud services. In 2017, the retail segment was the highest contributor to the global image recognition market and is projected to remain dominant during the forecast period. However, the healthcare segment is expected to witness the highest growth, as the adoption of image recognition solutions has increased in imaging examinations to prevent diagnostic errors, and enable sustained productivity.
KEYSTROKE DYNAMICS MARKET SEGMENTATION • By Deployment Mode • On premise • Cloud • By Component • Hardware • Software • By Industry Vertical • IT &Telecom • BFSI • Healthcare • Retail • By Technology • Object Detection • QR/Barcode Recognition • Facial Recognition • Pattern Recognition • Optical Character Recognition
KEYSTROKE DYNAMICS MARKET SEGMENTATION • By Organization Size • Large Enterprises • SMBs • By Application • Scanning & Imaging • Security & Surveillance • Image Search • Augmented Reality • Marketing & Advertising Get PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/5075
By application, the augmented reality segment is expected to exhibit significant growth in the global image recognition market during the forecast period. Based on industry vertical, the retail segment generated the highest revenue in 2017.
GEOGRAPHICAL OVERVIEW • Based on region, global keystroke dynamics market analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Based on region, North America accounted for the highest revenue among the other regions, in 2017. • Based on region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period. Press Release: https://www.alliedmarketresearch.com/press-release/image-recognition-market.html
DOMINATING MARKET PLAYERS PROFILED IN THE STUDY • IBM Corporation • Imagga Technologies Ltd. • Amazon Web Services, Inc. • Qualcomm Incorporated • Google LLC • Microsoft Corporation • NEC Corporation • LTU technologies • Catchoom Technologies S.L. • Intel Corporation
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