Asia-Pacific Image Recognition Market is Expected to Grow With a CAGR of 19.9% in the Forecast Period of 2020 to 2027

Asia-Pacific Image Recognition Market is growing with significant CAGR owing to increased adoption of facial recognition technology. The rising demand for improved security solution having capacity to manage the facility surveillance is driving the market growth. In addition, growing adoption of the digital transaction at e-commerce platform is augmenting the market growth

Image recognition market has shown an exceptional penetration in Asia-Pacific. Growing inclination towards online shopping has boosted the demand of solution in e-commerce sector. In countries such as India, China, Japan and others rising digitalization in banking sectors is creating huge opportunity for the Image recognition market.

Image Recognition Market Scenario

According to Data Bridge Market Research market leader is NVIDIA Corporation which accounts an estimated market share around 10% to 18% in Asia-Pacific region. The company has gained outstanding sale through their wide presence in Asian countries. NVIDIA Corporation is a provider of hardware, services and software products for the global market.

Asia-Pacific Image Recognition Market Trends Impacting the Market

Now the question is which other countries and regions NVIDIA Corporation, Intel Corporation and NEC Corporation are targeting? Data Bridge market research has forecast a large growth in Asia-Pacific image recognition market and the market leaders are targeting India and Australia to be their next revenue pockets for 2020.

The image recognition market is becoming more competitive every year with companies such as NVIDIA Corporation, Intel Corporation and NEC Corporation as they are the market leaders for image recognition. The Research for Markets new reports highlights the major growth factors and opportunities in the image recognition market.

Scope of the Image recognition Market

Country based analysis of image recognition market is further analyzed based on further segmentation. On the basis of component, the market is segmented into hardware, software and services. On the basis of deployment model, the market is segmented into cloud and on premises. On the basis of operating system, the market is segmented into computers, smartphones, tablets, drones and others. On the basis of technology, the market is segmented into facial recognition, object recognition, pattern and gradient recognition, code recognition, QR/ barcode recognition and optical character recognition. On the basis of application, the market is segmented into facial recognition, image search, scanning and imaging, security and surveillance, marketing and advertising, augmented reality, industrial automation and inspection, visual geolocation and others. On the basis of end user, Asia-Pacific image recognition market is segmented into banking, financial services and insurance (BFSI), IT and telecommunication, government, retail and e-commerce, automotive, healthcare and life sciences, media and entertainment, transportation and logistics, manufacturing, construction education, gaming and others.

To know more about the study

Key Pointers Covered in Image Recognition Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Impact of COVID 19
  • Market Trend Analysis
  • Market Development Factors
  • Recent Developments for Market Competitors
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Panasonic i-PRO Sensing Solutions Co., Ltd.
  • Ricoh
  • NEC Corporation
  • Qualcomm Technologies, Inc.
  • IBM Corporation
  • Amazon Web Services, Inc. (Subsidiary of, Inc.)
  • Microsoft
  • Google (A Subsidiary of Alphabet Inc.)
  • Intel Corporation
  • Hitachi Information & Telecommunication Engineering, Ltd.
  • Micron Technology, Inc.
  • NVIDIA Corporation
  • Honeywell International Inc.

Above are the key players covered in the report, to know about more and exhaustive list of image recognition companies, contact us:

Research Methodology: Asia-Pacific Image Recognition Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Retailers, Banks, E-commerce platforms, Hospitals and Warehouses among others
  • Supply Side: Software Developer, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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