Image Recognition Market worth $25.65 Billion by 2019
DALLAS, March 24, 2014 /PRNewswire/ --
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 this report.
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.
Browse Related Reports
Facial Recognition Market [Emotion; Thermal; Mobile; Forensic; 2D; 3D; Cloud-based Facial Recognition]: Global Advancements, Emerging Applications, Business Models, and Worldwide Market Forecasts and Analysis (2013-2018)
Thermal Imaging Market [Surveillance (Airborne, Maritime, Land), Threat Detection, Surveys, Automation, Radiology, ITS, Commercial Security, Personal Vision, Firefighting, R&D, Veterinary, Automotive]: Worldwide Market Forecasts 2013-2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets