Global Image Recognition Market Outlook by Application, Technology and Region Forecasted to Grow by 2024

Report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.


Albany, NY -- (SBWIRE) -- 04/28/2017 -- Image recognition refers to technologies that identify places, logos, people, objects, buildings, and several other variables in images. The market is driven by the expanding group of potential consumers that can be attracted by making the digital space more interactive and making everything easily searchable, and eventually purchasable. For a detailed instinct of the image recognition market, Market Research Reports Search Engine (MRRSE) has recently added an analyzed report titled as "Image Recognition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024" to its flourishing database. The provided report is a thorough overview of the present state of the image recognition market and its future perspective that is forecasted to grow at a steady rate for the time period 2016-2024.

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It is seen that various companies have employed different image recognition software products and services for enhancing many industry-specific business processes. In the era of digital shopping, e-commerce companies can easily target the rising number of users shopping online from their smartphones or other mobile computing devices. As such due to these various circumstances, the global market for image recognition is witnessing expansion at an exponential rate. The fields of security and surveillance, financial services, health care, defense, automatic automobiles, and education are also deriving many definitive benefits from advancements in image recognition.

The report has segmented the market of image recognition by the application in end-user sectors that includes, automatic vehicles, e-commerce, smartphones, health care, wearable devices, academia/government, media, financial services, gaming, education, libraries, and archives. The global image recognition market can be segmented into on-premise and cloud-based products and services by the mode of deployment. On the regional outlook, the market is segmented by analyzing the present and future perspective of various regions including North America, Latin America, Western Europe, Eastern Europe and Asia Pacific. North America being the leading market due to the presence of leading companies such as Google, Twitter, Facebook, International Business Machines (IBM) Corporation, Apple, etc. Asia-Pacific being the emerging market due to the presence of various IT companies.

The research is completed through detailed analysis and is a reliable source of data on Market segments & sub-segments, market trends & dynamics, supply & demand, market size, current trends/opportunities/challenges, competitive landscape, technological breakthroughs and value chain & stakeholder analysis. It is a comprehensive evaluation of market by in-depth analysis through primary and secondary research and completed by every facet of the market including various regional market, technology, trends and applications.

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