Global Image Recognition Market Report 2016-2022 - Market to grow from USD 12.49 Billion in 2015 to USD 29.98 Billion by 2020

Dublin, March 23, 2016 -- Research and Markets (http://www.researchandmarkets.com/research/qcfrt5/image_recognition) has announced the addition of the "Image Recognition Market by Technology, by Component, by Application, by Deployment Type, by Industry Vertical and by Region - Global Forecast To 2022" report to their offering.

The global image recognition market to grow from USD 12.49 Billion in 2015 to USD 29.98 Billion by 2020, at a CAGR of 19.1%

The base year considered for the study is 2014 and the market size has been projected from 2015 to 2020. One of the major factors driving this market is the growing usage of social media. The usage of social media among employees and customers for various purposes such as shopping, image search, and data sharing has increased the focus of the organizations toward image recognition technology usage in social media.

Image recognition has gained traction globally in the past few decades. Gamification involves techniques that define the content within the image and identify the content stored or sorted in the images. Moreover, these solutions are also used to secure data and digital documents of organization by implementing pattern recognition technology and code recognition technology to access documents. Image recognition software helps in promoting e-commerce and applications related to consumer goods. It also helps marketers in creating new opportunities to increase their market share. The report segments the image recognition market into technology, components, applications, deployment types, verticals, and regions.

Major players in the image recognition ecosystem were identified across regions, their offerings, and, distribution channels; the regional presence has been studied through in-depth discussions. The average revenue generated by these companies segmented by region was used to arrive at the overall image recognition market size.

Scope of the Report:

The report segments the image recognition market on the following basis.

On the basis of technology:
- Pattern Recognition
- Optical Character Recognition
- Code Recognition
- Facial Recognition
- Object Recognition
- Digital Image Processing

On the basis of component:
- Hardware
- Software
- Services

On the basis of applications:
- Security and Surveillance
- Scanning and Imaging
- Marketing and Advertising
- Augmented Reality
- Image Search

On the basis of deployment types:
- On-Premises
- Cloud

On the basis of verticals:
- BFSI
- Healthcare
- Government
- IT and Telecom
- Retail and Consumer Goods
- Media and Entertainment
- Transportation and Logistics
- Others (Education and Gaming)

Companies Mentioned

- Attrasoft, Inc
- Catchoom Technologies S.L.
- Google, Inc.
- Hitachi Ltd.
- Honeywell International, Inc.
- LTU Technologies
- NEC Corporation
- Qualcomm Technologies
- SLYCE Holding, Inc
- WIkitude Gmbh

For more information visit http://www.researchandmarkets.com/research/qcfrt5/image_recognition

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