Image Recognition Market Analysis By Component (Hardware, Software, Services) By Deployment (On-Premises, On-Demand) By Application (Transportation, IT, Industrial, Healthcare, BFSI, Government) And Forecasts, 2014 To 2020
The image recognition market is poised for growth over the forecast period owing to the emergence of technologically advanced identification systems as a predominant alternative for card-based recognition systems. Business process digitization has forced vendors to choose distributed and economical solutions. Development of hand vein pattern, voice and facial pattern recognition technologies is expected to spur market growth over the forecast period. For More Information on "Image Recognition Market Research Reports" visit
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recognition-market
Additionally, widespread adoption of password and pin-based recognition systems is also expected to drive the image recognition market. Image recognition systems can also be deployed in various fields such as advertising, pedestrian recognition, security & surveillance, e-commerce, vehicular safety and biometric scanning machines. Smartphone proliferation with increased focus on R&D has led to the development of highly integrated products with higher accuracy. Surging demand for advanced surveillance systems for safety & security by civil agencies and government sector is expected to positively impact the image recognition market growth.
The technology can also be used in different application areas such as online shopping, retail and mobile payments through a high-quality visual environment. Retail segment is expected to exhibit high growth over the forecast period, which h can be attributed to increasing implementation in order to enhance in-store customer services with a mobile app. However, increased data sensitivity and associated risks of shared data may pose a challenge to market growth.North America emerges as the most dominant regional market in 2013; Asia Pacific is expected to exhibit high growth over the next six years. Growing trend towards egovernance is expected to drive the regional image recognition market growth.
Major market participants include Qualcomm Technologies, LTU Technologies, Honeywell, Panasonic, Catchroom and Toshiba. Request TOC of “Image Recognition Market Research Reports" visit http://www.grandviewresearch.com/industry-analysis/image-recognitionmarket/request-toc About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Website: Grand View Research Blog Site: http://www.divog.org/