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Image Recognition Market Analysis, Size, Growth rate and Market Forecasts to 2027

The global image recognition market is expected to reach USD 80.07 Billion by 2026, according to a new report by Reports and Data. Image recognition is the process of recognizing and detecting an object or a feature in a digital image or video. Computers utilize machine vision technologies coupled with a camera and artificial intelligence software to realize image recognition.

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Image Recognition Market Analysis, Size, Growth rate and Market Forecasts to 2027

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  1. Image Recognition Market To Reach USD 80.07 Billion By 2027 www.reportsanddata.com

  2. Market Summary Image Recognition Market Size – USD 21.63 billion in 2018, Market Growth - CAGR of 17.7%, Market Trends – Proliferation of Smart Devices The global Image Recognition Market is expected to reach USD 80.07 Billion by 2026, according to a new report by Reports and Data. Image recognition is the process of recognizing and detecting an object or a feature in a digital image or video. Further key findings from the report suggest • By type, object recognition contributed to the largest market share in 2018. Object detection helps in detection and defines objects such as humans, buildings, and cars from digital images and videos and finds use in a wide range of industries. • North America dominated the market in 2018 and is expected to grow at a rate of 17.3% in the forecast period. Advancements in technology and the presence of leading companies in the region are causative of the growth of the market in the region. • By deployment mode, cloud-based deployment dominated the market in 2018 and is expected to grow at a faster rate of 18.0% in the forecast period. • By application, security & surveillance held a significant market share in 2018, owing to the widespread deployment of image recognition in fraud detection. • By industry vertical, media & entertainment contributed to the largest market share in 2018, due to the usage of image recognition to enhance user experience. www.reportsanddata.com

  3. Market Summary Key Players: Google Inc., Hitachi Ltd., Attrasoft Inc., Honeywell International Inc., NEC Corporation, Qualcomm Inc., Catchoom Technologies Inc., Slyce Inc., LTU Technologies, and Intel Corporation, among others. Segmentation: Type Outlook (Revenue, USD Million; 2016-2026) • Object Recognition • Pattern Recognition • Facial Recognition • Barcode/QR Code Recognition • Optical Character Recognition • Others Component Outlook (Revenue, USD Million; 2016-2026) • Software • Services • Hardware www.reportsanddata.com Deployment Mode Outlook (Revenue, USD Million; 2016-2026) • On-Premises Deployment • Cloud-Based Deployment Ask for Sample Report at: https://www.reportsanddata.com/sample-enquiry-form/2182

  4. Market Summary Application Outlook (Revenue, USD Million; 2016-2026) • Augmented Reality • Security & Surveillance • Scanning & Imaging • Image Search • Marketing & Advertising Industry Vertical Outlook (Revenue, USD Million; 2016-2026) • Automotive • BFSI • Retail • IT & Telecom • Media & Entertainment • Healthcare • Government • Transportation & Logistic • Others www.reportsanddata.com Upcoming Related Reports: LiDAR Camera Technology Market Size, Market Statistics and Future Forecasts to 2027 Radar Technology Market Size, Market Status and Future Forecasts to 2027 Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2182

  5. The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. Contact US We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. www.reportsanddata.com John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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