Image Recognition Market – Industry Analysis and Forecast (2019-2026)

Global Image Recognition Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of 19.3 % during a forecast period.

Maximize Market Research's latest report, " Image Recognition Market Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Image Recognition Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of 19.3 % during a forecast period.

Image Recognition Market Overview
Image recognition market is segmented by technology, component, application, deployment type, industry verticals, and region. Most vendors have adopted new product launches as the key strategy to enhance their customer experience and product portfolio. Existing players in this market are constantly upgrading and innovating their products to enhance their market share. Additionally, due to the technological advancements in image recognition, key vendors are focusing on launching solutions and services for the next generation.

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Image Recognition Market Major Market Players

• Attrasoft, Inc.
• NEC Corporation
• Google, Inc.
• Catchoom Technologies S.L
• Hitachi, Ltd.
• Honeywell International, Inc.
• LTU Technologies
• Qualcomm Incorporated
• Slyce, Inc.
• Wikitude GmbH
• Toshiba Corporation
• Panasonic Corporation
• iTraff Technology Sp. z o.o.
• IBM Corporation
• Imagga Technologies Ltd.
• Amazon Web Services, Inc.
• Qualcomm Incorporated
• Microsoft Corporation
• Catchoom Technologies S.L.
• Intel Corporation

The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.

Segmentation of Image Recognition Market by Types and Applications:

market, by Technology:

• Code Recognition
• Digital Image Processing
• Facial Recognition
• Object Recognition
• Pattern Recognition
• Optical Character Recognition
market, by Component:

• Hardware
• Software
• Services
market, by Application:

• Scanning Imaging
• Security Surveillance
• Image Search
• Augmented Reality
• Marketing Advertising
market, by Deployment Type:

• On-Premises
• Cloud
market, by Industry Vertical:

• BFSI
• Media Entertainment
• Retail Consumer Goods
• IT Telecom
• Government
• Healthcare
• Transportation Logistics
• Others (Gaming and Education)
market, by Region:

• North America
• Europe
• Asia-Pacific
• Middle East Africa
• Latin America

The report has covered the market size by country (regions) for the Image Recognition market.
Analysis of the Image Recognition Market Share and Competitive Landscape:

This report provides a detailed analysis of the Image Recognition Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.

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