Image Recognition Market Categorizes the Global Market by Method as OCR, Object, Pattern Matching, Facial, by Application as Security & Surveillance, Quality Control & Inventory Management, Advertising, Scanning & Imaging & by geography.
Dallas, TX -- (SBWIRE) -- 01/09/2015 -- The report "Image Recognition Market [Method (OCR, Object, Pattern Matching, Barcode/ QR, Facial), Application (Security & Surveillance, Quality Control & Inventory Management, Advertising, Scanning & Imaging, m-Commerce)] - Worldwide Market Forecast (2014-2019)" defines and divides the image recognition market into various sub segments along with a detailed analysis and forecasting of segment-wise revenues. It also explains the drivers and restraints for this market and identifies the opportunities, challenges, and ongoing trends.
Browse more than 72 market data tables with 16 figures spread through 187 pages and in-depth TOC on "Image Recognition Market"
Early buyers will receive 10% customization on the report.
Download PDF @ http://www.marketsandmarkets.com/pdfdownload.asp?id=222404611
Today, the image recognition solutions are not only fulfilling basic human requirements, such as purchasing numerous products through smartphone-based applications, but are also providing state-of-the-art technology facilitated equipment for sensitive layouts such as defense, airports, immigration, and customs departments. Also, the Intelligent Character Recognition (ICR) technology is used in sorting and enumerating important files for organizational purposes. It helps in accessing a particular document with ease and saving time.
MarketsandMarkets has comprehensively divided the image recognition market by types: Optical Character Recognition (OCR), pattern and gradient matching, object recognition, barcode/QR code recognition, facial recognition; by components: hardware, software, and services; by deployment: on-premise and on-demand; by applications: security and surveillance, marketing and promotional activities, content management, advanced driving assistance, quality control and inventory management, scanning and imaging, m-commerce, and others; by verticals: government and defense, Banking, Financial services, and Insurance (BFSI), healthcare and life sciences, manufacturing/industrial units, consumer goods and retail, IT and telecommunication, transport and logistics and others; by regions: North America (NA), Europe (EU), Asia-Pacific (APAC), Latin America (LA) and Middle East and Africa (MEA).
MarketsandMarkets believes that there is a lack of user awareness and a few technological quality issues in the image recognition market. These challenges are restraining businesses and customers from implementing image recognition technology to support a broad spectrum of applications, such as security and surveillance, marketing and promotional activities, content management, advanced driving assistance, quality control and inventory management, scanning and imaging, and m-commerce.
The image recognition market is estimated to grow from $9.65 billion in 2014 to $25.65 billion by 2019 at a Compound Annual Growth Rate (CAGR) of 21.6% from 2014 to 2019. NA is the biggest market for image recognition solutions while other regions such as APAC and MEA are expected to increase with high CAGRs.
Inquiry before Buying
Browse Related Reports
Casino Management Systems (CMS) Market [Management Systems, Analytics (Predictive, Video),Security and Surveillance (Video Surveillance, Access Control, Alarm Systems)] - Global Advancements, Worldwide Market Forecasts & Analysis (2013-2018)
Parking Management Market by Solution (Parking Software, On-Street Parking, Off-Street Parking, Access Control, Security and Surveillance Parking Fee and Revenue Management, Parking Enforcement and Permit Management) – Global forecast to 2019
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info-graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252