Image Recognition Market 2020 - Indepth Market Analysis Base on COVID 19 Impact and Growth Opportunities in Future, Report

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Image Recognition Market
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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 Rake Research Analyst
Allied Market Research
 
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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.

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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.
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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

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KEYSTROKE DYNAMICS MARKET SEGMENTATION

• By Organization Size
• Large Enterprises
• SMBs

• By Application
• Scanning Imaging
• Security Surveillance
• Image Search
• Augmented Reality
• Marketing Advertising

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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.
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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.

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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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A Report Titled Image Recognition Market Global
Opportunity Analysis and Industry Forecast, 2018
- 2025 has been recently published by Allied
Market Research. It makes an In-depth Analysis of
current trends, drivers, and restraining factors
that affect Financial Ratios relevant to the
industry. Company profiles for key vendors in
business builds a comprehensive picture of
profitable opportunities from Stakeholders
Perspective. To Know More About Image Recognition
Market Global Opportunity Analysis and Industry
Forecast, 2018 - 2025 https//www.alliedmarketrese
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