Image Recognition Market research report is a wide-ranging analysis on the study of ICT industry. This industry report aids to establish correlative relationship between the product brand and consumers’ needs and preferences. Further, manufacturer can adjust production according to the conditions of demand which are analysed here. Market research covered in this report helps the management of a firm in planning by providing accurate and up- to-date information about the consumer’s demands, their changing tastes, attitudes, preferences, and buying intentions etc. Image Recognition Market business report also supports to secure economies in the distribution of products and find out the best way of approaching the potential.
Data Bridge Market Research analyses that the market is growing with a CAGR of 19.5% in the forecast period of 2021 to 2028 and is expected to reach USD 30,360.65 million by 2028.
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Market Overview:
- One of the factors which are increasing demand for image recognition across the Asia-Pacific region is the growing adoption of cloud-based image recognition solutions. Growing adoption of security applications, which acts as a driving factor for the growth of the market. The high installation cost of image recognition services can act as a major restraining factor for the market. Increasing demand from government and private sectors for service improvement of the business can be a lucrative opportunity for the market growth. The major challenges in image classification are the challenge for the market growth.
- This image recognition market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Some of the major players operating in the Image Recognition Market are:
- Some of the major players operating in the Asia-Pacific image recognition market are IBM Corporation, Microsoft, Clarifai, Inc, Huawei Technologies Co., Ltd., TRAX IMAGE RECOGNITION, Vispera Information Technologies, Partium.io, LTU Tech, Blippar, Wikitude GmbH, Trigo, Ricoh, Honeywell International Inc., Google, TOSHIBA ELECTRONIC DEVICES STORAGE CORPORATION, Qualcomm Technologies, Inc., Hitachi Information Telecommunication Engineering, Ltd., Amazon Web Services, Inc among others.
Some of the key questions answered in this report:
How has the Image Recognition Market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-16.8 on the Image Recognition Market?
- What are the key regional markets?
- What is the breakup of the market based on the procedure?
- What is the breakup of the market based on the injury location?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Image Recognition Market and who are the key players?
- What is the degree of competition in the industry?
Global Image Recognition Market Scope Size:
The Asia-Pacific image recognition market is segmented on the basis of are offering, technology, deployment, application, and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the Asia-Pacific image recognition market has been segmented into hardware, software, and services. In 2021, hardware is expected to dominate the market. It is the most important element of the image recognition system, including cameras, sensors, and chipsets, among others widely used in the image recognition market.
- On the basis of technology, the Asia-Pacific image recognition market has been segmented into QR/Barcode recognition, object recognition, facial recognition, pattern recognition, optical character recognition. In 2021, facial recognition is expected to dominate the market. It offers many advantages to the customers, such as strengthening security measures in financial institutes and reducing the number of touchpoints.
- On the basis of deployment, the Asia-Pacific image recognition market has been segmented into cloud and on-premise. In 2021, the cloud segment is expected to dominate the market as it offers many advantages such as reduced cost, high scalability for computing and storing data. This ability to quickly access the data allows the business to reduce downtime and effectively increase productivity.
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Image Recognition Market Landscape
Part 04: Global Image Recognition Market Sizing
Part 05: Global Image Recognition Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-image-recognition-market
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