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Image Recognition Market 2021–2028: Business Oppor

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  1. The global image recognition market size is expected to reach USD 80.29 Billion at a steady CAGR of 15.3% in 2028, according to the latest analysis by Emergen Research. The increasing usage of smartphones globally and the rising adoption of Virtual Reality (VR) and Augmented Reality (AR) are key factors driving the growth of the global image recognition market.
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  3. The market for Image Recognition is thoroughly examined in the Global Image Recognition Market Research Report and Forecast to 2028, which also includes market size and share, current and future trends, and the most recent technological developments. The research provides a complete forecast through 2028 as well as insight into the regional and global competitive landscape of the Image Recognition market. The new study offers up-to-date details on the COVID-19 pandemic's effects on the market for Image Recognition. It examines how the outbreak changed the political climate and judicial system in each location. Along with providing a present and future, it also examines the economic instability and supply chain disruptions brought on by the disease.
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  5. Other factors include the growing demand for face recognition on tablets, smartphones, and personal computers due to technological advancements. Increasing budgets for homeland security and defense spending by governments in countries such as China, Russia, and India is also contributing to the growth of the market to a significant extent. In February 2020, Department of Homeland Security officials detailed the use of facial recognition technologies by the administration across the U.S. To date, over 43.7 million individuals have been scanned at border crossings, outbound ships, and elsewhere by various systems. Facial recognition identified 252 persons attempting to use a combined 75 U.S. travel documents belonging to someone else, around 7% of whom were under the age of 18 and 20% of whom had criminal records.
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  7. Claim Your FREE Sample Copy with Table of content @ https://www.emergenresearch.com/request-sample/549
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  9. Competitive Landscape:
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  11. The latest study provides an insightful analysis of the broad competitive landscape of the global Image recognition market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Image recognition market and pinpoint the fundamental growth trends.
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  13. The leading market contenders listed in the report are:
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  15. IBM Corporation, Qualcomm, Honeywell, Toshiba, Microsoft, Huawei, Oracle, NEC Corporation, Catchoom, and Slyce
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  17. Global Image recognition Market Highlights:
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  19. Regional demand estimation and forecast
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  21. Product Mix Matrix
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  23. R&D Analysis
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  25. Cost-Benefit Analysis
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  27. Pre-commodity pricing volatility
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  29. Supply chain optimization analysis
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  31. Technological updates analysis
  32.  
  33. Raw Material Sourcing Strategy
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  35. Competitive Analysis
  36.  
  37. Mergers & Acquisitions
  38.  
  39. Location Quotients Analysis
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  41. Carbon Footprint Analysis
  42.  
  43. Patent Analysis
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  45. Vendor Management
  46.  
  47. Key Parameters Analyzed in This Section:
  48.  
  49. Company Profiles
  50.  
  51. Gross Revenue
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  53. Profit margins
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  55. Product sales trends
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  57. Product pricing
  58.  
  59. Industry Analysis
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  61. Sales & distribution channels
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  63. Regional Segmentation:
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  65. North America
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  67. Latin America
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  69. Europe
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  71. Middle East & Africa
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  73. Asia Pacific
  74.  
  75. Key Points Covered in This Section:
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  77. Regional contribution
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  79. Estimated revenue generation
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  81. Vital data and information about the consumption rate in all the leading regional segments
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  83. An expected rise in market share
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  85. Forecast growth in the overall consumption rate
  86.  
  87. To Visit Full Study of Image recognition Market Research Report @ https://www.emergenresearch.com/industry-report/image-recognition-market
  88.  
  89. Some Key Highlights in the Report
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  91. The software segment accounted for largest revenue share in 2020 due to a sudden and rapid increase in adoption of image recognition software in computer graphics, medical imaging, and photo editing, among others. Rapidly growing trends of industry automation and Industry 4.0 are driving adoption of image recognition software, and the trend is expected to continue over the forecast period.
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  93. Image recognition or tracking is used in augmented reality to track, detect, and augment 2D images. Image tracking is dependent on advanced computer vision technology to track and augment images. Jack Daniels augmented reality app turns whisky bottles into pop-out storybooks. The free app uses a tablet or smartphone camera to recognize the sticker on the bottle and unfolds the whole manufacturing process of the drink in a matching black and white pop-up book.
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  95. Image recognition is an important tool in autonomous vehicles used by Uber and Google. The technology detects road signs and obstacles through sensors in front of a vehicle and identifies these with the help of this technology. Computer vision systems powered by deep learning are trained with thousands of images of humans, road signs, and obstacles on the road under different weather and lighting conditions. The intelligence of the system continues to increase as new information is fed in.
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  97. North America accounted for largest revenue share in 2020 due to high level of integration of AI in e-commerce and digital shopping. Companies in the region are quick to adopt advanced technologies such as AI, deep learning, and cloud-based technologies, which is propelling growth of the market.
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  99. Market Overview:
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  101. The report bifurcates the Image recognition market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
  102.  
  103. Segments Covered in this report are:
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  105. Component Outlook (Revenue, USD Billion; 2018-2028)
  106.  
  107. Hardware
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  109. Software
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  111. Services
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  113. Application Outlook (Revenue, USD Billion; 2018-2028)
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  115. Security and Surveillance
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  117. Scanning and Imaging
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  119. Augmented Reality
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  121. Image Search
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  123. Marketing and Advertising
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  125. Deployment Mode Outlook (Revenue, USD Billion; 2018-2028)
  126.  
  127. On-premises
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  129. Cloud
  130.  
  131. Get An Impressive Discount On This Report @ https://www.emergenresearch.com/request-discount/549
  132.  
  133. Key reasons to buy the Global Image recognition Market report:
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  135. The latest report comprehensively studies the global Image recognition market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
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  137. The report offers an insightful analysis of the regional outlook of the market.
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  139. It offers a detailed account of the end-use applications of the products services offered by this industry.
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  141. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
  142.  
  143. Request Customization as per your specific requirement @ https://www.emergenresearch.com/request-for-customization/549
  144.  
  145. Thank you for reading our report. If you have any requests for customization of the latest report, kindly get in touch with us. Our team will assist you and ensure the report is designed as per your requirements.
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  193. About Us:
  194.  
  195. Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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  197. Contact Us:
  198.  
  199. Eric Lee
  200.  
  201. Corporate Sales Specialist
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  203. Emergen Research | Web: www.emergenresearch.com
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  205. Direct Line: +1 (604) 757-9756
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  207. E-mail: sales@emergenresearch.com
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  209. Visit for More Insights: https://www.emergenresearch.com/insights
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  211. Explore Our Custom Intelligence services | Growth Consulting Services
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