Image Recognition Technology Market International Trends: Growth Prospects and Forecasts 2020 – 2025
According to an extensive report by Decisive Markets Insights, the Image Recognition Technology Market is expected to register market value of around USD xx billion for the forecast period 2020 – 2025, at compounded annual growth rate of X.X %, compared to its earlier projected value of USD xx billion. The CAGR is calculated for the year 2019 – 2025. The major geographies with potential business are North America, Europe and Asia Pacific. The report focuses the market trends through macro and micro economic perspective. Key suppliers are adopting different strategies through advertisements in both digital and traditional platform to attract customers. The report does an extensive research to determine the market trends on the basis of product types and usage areas. Cultural and Social aspects have been evaluated as well for a close observation of demand and supply chain. Raw materials are easily available in the market therefore the challenges are mainly focused on the finances and government regulations. Of course, the strategies of the competitors in the market cannot be denied.
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Image Recognition Technology Market Classification: Product Types, Application Areas and Key Geographies
The geographical boundaries included for classification based on type and application are; North America, Europe, Asia Pacific and Rest of the World (RoW).
These geographies have been further divided as
- North America (the US, Canada and Mexico)
- Europe (UK, France, Germany, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, South Korea, Taiwan, Singapore and Rest of Asia Pacific
- Rest of the World (South and Central America, Middle East and Africa)
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Segmentation and Scope of the Image Recognition Technology Market
Market segments of the global market have been provided below to understand the bi-furcation of the market. The market segments help the reader to understand the market from all the aspects.
Companies Operating in the Image Recognition Technology Market –
IBM Corporation, LTU technologies, Qualcomm Incorporated, Imagga Technologies, NEC Corporation, Amazon Web Services, Intel Corporation, Microsoft Corporation, Google, Catchoom Technologies
Market by Type
Object Detection, QR/Barcode Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition
Market by Application
IT & Telecom, BFSI, Healthcare, Retail, Government, Media & Entertainment, Transportation & Logistics, Manufacturing
By Geography –
Benefits of the Full Report: An Outline
- Market size and forecast: 2020 to 2025
- CAGR: 2020 to 2025, estimating 2019 as the base year
- Details of the main competitors in the market
- Supply side and the demand side mapped to accurately assess the market
- Application of data triangulation research methods apart from primary and secondary data
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