The Asia-Pacific image recognition market is expected to gain market growth in the forecast period of 2021 to 2028. 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.
With IMAGE RECOGNITION MARKET marketing report, businesses can think about the scene of how the market is going to act upon in the forecast years by gaining details on market definition, classifications, applications, and engagements. Moreover, it analyses ICT industry by product type, by equipment type, by price category e.g. discount, mainstream, or premium etc., by distribution channel, by application and by geography. The overviews, SWOT analysis, and strategies of each vendor covered in IMAGE RECOGNITION MARKET research report provide understanding about the market forces and how those can be exploited to create future opportunities.
Image recognition market Scope & Size:
- 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.
- On the basis of application, the Asia-Pacific image recognition market is segmented into image search, scanning and imaging, security and surveillance, marketing and advertising, and augmented reality. In 2021, security and surveillance are expected to dominate the market as image recognition is majorly used at financial institutions, commercial and private places to maintain high security. These factors play an important role in dominating the market in the application segment.
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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?
Market Analysis and Size: Image recognition market
- 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.
Image recognition market - Regional Level Analysis
- The countries covered in the Asia-Pacific Image Recognition market report are Australia, Indonesia, Taiwan, Thailand, Singapore, Vietnam, and the Rest of Asia-Pacific.
Image recognition market - Share Analysis:
- The Asia-Pacific image recognition market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus on the Asia-Pacific image recognition market.
Key player - Image recognition market
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
- Blippar
- Wikitude GmbH
- Trigo
- Ricoh
- Honeywell International Inc.
- TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
- Qualcomm Technologies, Inc.
- Hitachi Information & Telecommunication Engineering, Ltd.
- Amazon Web Services, Inc among others.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Image recognition market Share by Product & Procedure type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-image-recognition-market
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