The Asia-Pacific Image Recognition Market is forecasted to grow at a CAGR of 19.5% with factors such as growing adoption of smartphones and growing demands for cloud-based IR solutions which can act as a major factor for the market's growth.
The image recognition market has shown an exceptional penetration in countries such as Australia as the growing demands for cloud-based IR solutions and growing importance for security solutions across the aforementioned region.
According the Data Bridge Market Research, the market in Australia has the highest market share and the market leader is Huawei Technologies Co. Ltd., which accounts for an estimated market share of approximately 11.31% in the Asia-Pacific market. The company has gained outstanding sales by providing image recognition products and entering partnerships that strengthen its product portfolio.
Now the question is which other regions Huawei Technologies Co., Ltd., Hitachi Information & Telecommunication Engineering, Ltd., and Honeywell International Inc. are targeting? Data Bridge Market Research has forecast the large growth in Australia image recognition market and the market leaders are targeting Indonesia and Taiwan for their next pocket revenue in 2021.
The Asia-Pacific image recognition market is becoming more competitive every year with Huawei Technologies Co., Ltd., TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Hitachi Information & Telecommunication Engineering, Ltd., Honeywell International Inc., TRAX IMAGE RECOGNITION, Google, among others as they are the market leaders for image recognition. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Asia-Pacific image recognition market.
For more analysis on the Asia-Pacific image recognition market, requests for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-image-recognition-market
All country-based analysis of the Asia-Pacific image recognition market is further analyzed based on maximum granularity into further segmentation. On the basis of offering, the Asia-Pacific image recognition market is segmented into hardware, software, and services. On the basis of the deployment model, the Asia-Pacific image recognition market is segmented into cloud and on-premise. On the basis of technology, the Asia-Pacific image recognition market is segmented into facial recognition, object recognition, pattern recognition, QR/barcode recognition, and optical character recognition. On the basis of application, the Asia-Pacific image recognition market is segmented into image search, scanning and imaging, security and surveillance, marketing and advertising, augmented reality. On the basis of end use, the Asia-Pacific image recognition market is segmented into BFSI, IT and telecommunication, government, retail and e-commerce, automobile and transportation, healthcare, media and entertainment, and others.
To know more about the study https://www.databridgemarketresearch.com/reports/asia-pacific-image-recognition-market
Key Market Competitors Covered in the Report
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed 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 inquiry.
The key research methodology used by the 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 timeline 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.
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