ICT Industry Reports

Rise in online gaming, introduction of driverless cars, increased usage of social media platforms to drive the growth of Global Image Recognition Market through 2026. According to TechSci Research report,  “ Global  Image Recognition Market  By Component (Software, Hardware, Services), By Technology (Digital Image Processing, Code Recognition, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition), By Deployment (On Premise, On Cloud), By Application (Scanning and Imaging, Security and Surveillance, Image Search, Augmented Reality, Marketing and Advertisement), By End User (IT & Telecom, Government, Retail, Automobile, Healthcare, Media & Entertainment, BFSI, Others), By Region, Competition, Forecast & Opportunities,  2016-2026 ” , the global image recognition market was valued at USD27.764 billion in 2020 and is expected to grow at a CAGR of 17.59% during the forecast period owing to the rise of online gaming, introdu...

Rise in online gaming, introduction of driverless cars, increased usage of social media platforms to drive the growth of Global Image Recognition Market through 2026. According to TechSci Research report,  “ Global  Image Recognition Market  By Component (Software, Hardware, Services), By Technology (Digital Image Processing, Code Recognition, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition), By Deployment (On Premise, On Cloud), By Application (Scanning and Imaging, Security and Surveillance, Image Search, Augmented Reality, Marketing and Advertisement), By End User (IT & Telecom, Government, Retail, Automobile, Healthcare, Media & Entertainment, BFSI, Others), By Region, Competition, Forecast & Opportunities,  2016-2026 ” , the global image recognition market was valued at USD27.764 billion in 2020 and is expected to grow at a CAGR of 17.59% during the forecast period owing to the rise of online gaming, introdu...

According to TechSci Research,  The global image recognition market was valued at USD27.764 billion in 2020 and is projected to reach USD73.344 billion by 2026. Rising  usage of advanced driver assistance systems, introduction of visual search engines, increasing need for content moderation on social media and other online platforms, and introduction of smart farming techniques in the agriculture industry to identify plant diseases, worms, and other insects, etc.  are expected to positively influence the global image recognition market in the coming years . The increased use of image recognition systems in the retail and healthcare industries are further expected to drive growth in the industry. However, concerns related to the training model generalization, comprehensive scene understanding, and automated network engineering might affect the growth in the industry in the forecast period. Global image recognition market can be segmented into component, technology, deploy...