The global image recognition market size is expected to reach USD 80.29 Billion at a steady CAGR of 15.3% in 2028, according to latest analysis by Emergen Research. Image recognition applications include targeted advertising, smart photo libraries, accessibility for the visually impaired, media interactivity, and enhanced research capabilities. Google, Microsoft, Facebook, Pinterest, and Apple are investing in resources and research into image recognition and related applications. Improper data storage, security breaches, and misuse of facial recognition data are some of the primary concerns related to image recognition technology, which could limit adoption in several areas.

Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry's growth. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables.

Major Players/Manufacturers profiled in the report are:

IBM Corporation, Qualcomm, Honeywell, Toshiba, Microsoft, Huawei, Oracle, NEC Corporation, Catchoom, and Slyce.

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Emergen Research has recently published a new research report on global Image recognition market that provides key insights into profit margin, industry chain analysis, recent developments and advancements, growth opportunities, year-on-year growth along with SWOT analysis, Porter’s Five Forces analysis, and PESTEL analysis. It covers key statistical data including historical and current market size, market share, and revenue growth with organized representation such as tables, charts, graphs, and other pictorial representations. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and global position in the market.

To obtain all-inclusive information on forecast analysis of global Image recognition market, request a PDF brochure here @ https://www.emergenresearch.com/industry-report/image-recognition-market

Emergen Research has segmented the global image recognition market on the basis of component, application, deployment mode, technique, industry vertical, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)

• Hardware
• Software
• Services

Application Outlook (Revenue, USD Billion; 2018–2028)

• Security and Surveillance
• Scanning and Imaging
• Augmented Reality
• Image Search
• Marketing and Advertising

Deployment Mode Outlook (Revenue, USD Billion; 2018–2028)

• On-premises
• Cloud

Technique Outlook (Revenue, USD Billion; 2018–2028)

• Object Recognition
• QR/ Barcode Recognition
• Pattern Recognition
• Facial Recognition
• Optical Character Recognition

Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)

• Media & Entertainment
• Healthcare
• Retail & E-commerce
• BFSI
• IT & Telecom
• Automobile & Transportation
• Government
• Others

The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8 year analysis of the Global Image recognition Market
• Critical assessment of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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