Edison, NJ -- (SBWire) -- 04/02/2019 --Image recognition refers to recognition of people, objects, texts, places and others images using a camera in tandem with artificial intelligence. It is used to in various operations such as guiding robots, self-driving cars, security applications and others. Deep machine learning is required for this technology. As automation being the new norms across industries, the need for security is at fore, there would be huge demand for image recognition system during forecasted period.
According to Market Analyst at AMA, the Global Image Recognition market may see a growth rate of 18.7%
Advance Market Analytics recently introduced Image Recognition Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2024. Image Recognition Market explores effective study on varied sections of Industry like opportunities, size, growth, technology, demand and trend of high leading players. It also provides market key statistics on the status of manufacturers, a valuable source of guidance, direction for companies and individuals interested in the industry.
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Major Key Players in This Report Include,
Sharp Vision Software (United States), Catchoom (Spain), Hitachi (Japan), Itraff Technology (Poland), Wikitude (Austria), Blipper (United Kingdom) and Toshiba (Japan)
The report focuses on Global Image Recognition Market major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the market development trends and marketing channels are analyzed.
On the basis of geography, the market of Image Recognition has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by End Users, the sub-segment i.e. Banking, Financial Services & Insurance (BFSI) will boost the Image Recognition market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
The research methodology used to estimate and forecast the Image Recognition Market began with capturing data from the key vendors' revenue and market size of the individual segments through secondary sources, industry associations, and trade journals, such as the World Analytics Association and the Cloud Native Computing Foundation. The bottom-up procedure was employed to arrive at the overall market size of the market from the individual segments. After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through primary research by conducting extensive interviews with the key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub segments.
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Strategic Points Covered in Table of Content of Image Recognition Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Image Recognition market
Chapter 2: Exclusive Summary – the basic information of the Image Recognition Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Image Recognition
Chapter 4: Presenting the Image Recognition Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Image Recognition market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Image Recognition Market is a valuable source of guidance for individuals and companies.
Data Sources & Methodology
The primary sources involves the industry experts from the Image Recognition Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
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Image Recognition Market: Comprehensive Study Explores Huge Growth in Future: Sharp Vision Software, Catchoom, Hitachi, Itraff Technology, Wikitude
Image Recognition Comprehensive Study by Type (Optical Character Recognition, Pattern and Gradient Matching, Object recognition, Barcode Recognition, Facial recognition), Application (Augmented Reality, Scanning & Imaging, Security & Surveillance, Marketing & Advertising, Image Search, Others), End Users (Banking, Financial Services & Insurance (BFSI), Consumer Goods and Retail, Telecommunications and IT, Healthcare, Media and Entertainment, Government, Education, Others), Deployment Type (On-Premises, Cloud), Technology (Code Recognition, Digital Image Processing, Facial Recognition, Pattern Recognition, Optical Character Recognition), Component (Software, Hardware, Service, Managed Services, Professional Services, Training, support and maintenance Services) Players and Region - Global Market Outlook to 2024