(PharmaNewsWire.Com, May 05, 2017 ) According to Publisher, the Global Image Recognition Market accounted for $15.91 billion in 2016 and is expected to reach $43.57 billion by 2022 growing at a CAGR of 18.2% from 2016 to 2022. Growing usage of image recognition applications, rising demand for security applications and products enabled with image recognition functions, technology acceptance by several companies across different verticals and rising use of high bandwidth data services are some of the factors driving the market growth. The growing sophistication of image recognition technologies is providing ample of growth opportunities in several fields.
The existence of several IT companies in Asia Pacific makes it one of the most vital regional markets of the global image recognition market. The region also takes the top spot when it comes to the e-commerce sector and the utilization of smartphones which are two major end users of Image Recognition technology. Moreover, presence of companies top companies such as Google, Twitter, Facebook, International Business Machines (IBM) Corporation, Apple, etc., obviously makes North America the leading regional market for image recognition.
Some of the key players in the market include Attrasoft, Inc., Catchoom Technologies S.L., Google Inc., Hitachi, Ltd., Honeywell International Inc., Key Innovator, LTU Technologies, NEC Corporation, Qualcomm Incorporated., Slyce Inc. and Wikitude GmbH.
Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -France -Italy -UK -Spain -Rest of Europe -Asia Pacific -Japan -China -India -Australia -New Zealand -Rest of Asia Pacific -Rest of the World -Middle East -Brazil -Argentina -South Africa -Egypt
Company Profiling 12.1 Attrasoft, Inc. 12.2 Catchoom Technologies S.L. 12.3 Google Inc. 12.4 Hitachi, Ltd. 12.5 Honeywell International Inc. 12.6 Key Innovator 12.7 LTU Technologies 12.8 NEC Corporation 12.12 Qualcomm Incorporated. 12.10 Slyce Inc. 12.11 Wikitude GmbH
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