PRN: Image Recognition Market 2016-2020 - Technology, Component, Application, Deployment Type, Industry Vertical Analysis of the $29 Billion Industry

24/mar/2016 12.10.14 PR Newswire Turismo Contatta l'autore

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Image Recognition Market 2016-2020 - Technology, Component, Application, Deployment Type, Industry Vertical Analysis of the $29 Billion Industry

 
[24-March-2016]
 

DUBLIN, March 24, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/lkqwn7/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 rising adoption of smartphones among users will help the image recognition market grow significantly

The author forecasts 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%. Smartphones and gadgets equipped with cameras have pushed this technology. Online shoppers search for clothing or accessories by simply taking a picture of the garment, color, print, or texture they like. This photo is then uploaded to an app that searches an inventory of products to find the similar items, products, or items with the help of image recognition technology. The speedy growth of social media is also driving the image recognition market.

Asia-Pacific (APAC) is expected to become one of the major adopters of image recognition techniques by 2020

APAC is growing at a higher rate in comparison to other regions. Moreover, countries in the region, mainly Australia, China, and India, are prominently adopting technologies and solutions within the organizations for increasing profits along with customer satisfaction. Moreover, it is being used for marketing and promotional activities in many leading Asian newspapers and magazines.

Also, advertising agencies in Japan, such as Hakuhodo and Dentsu, have combined image recognition software with time and GPS from smartphones to link with the consumers and provide them with the product information by creating platforms/apps such as Kokoku Plus, Gaziru, and Scan It. Furthermore, the adoption of emerging technologies and the economic growth of countries such as India and China are driving the adoption of image recognition.

The companies profiled in this report include:

- Qualcomm Technologies

- NEC Corporation

- Google, Inc.

- LTU Technologies

- Catchoom Technologies S.L.

- Honeywell International, Inc.

- Hitachi Ltd.

- SLYCE Holding, Inc

- WIkitude Gmbh

- Attrasoft, Inc

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Image Recognition Market Analysis, By Technology

8 Image Recognition Market Analysis, By Component

9 Image Recognition Market Analysis, By Application

10 Image Recognition Market Analysis, By Deployment Type

11 Image Recognition Market Analysis, By Industry

12 Geographic Analysis

13 Competitive Landscape

14 Company Profiles

15 Innovator Company Profiles

16 Other Developments

17 Appendix

For more information visit http://www.researchandmarkets.com/research/lkqwn7/image_recognition

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com

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