Asia-Pacific Image Recognition Market is expected to grow with a CAGR of 19.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
Asia-Pacific image recognition market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Asia-Pacific image recognition market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio and business expansions. For instance, In April, 2019, Honeywell International Inc launched new development for video security and surveillance offering. The solution is developed with the help of Intel Corporation for integrating Intel Vision with the MAXPRO platform to enhance the security solutions. The company strengthened their product portfolio for the market with advanced features offering.
NVIDIA Corporation is the dominating player in Asia-Pacific image recognition market. The other key players existing in the market includes Panasonic i-PRO Sensing Solutions Co., Ltd., CVDM SOLUTIONS SAS dba PLANORAMA, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (A Business Division of TOSHIBA CORPORATION), Ricoh, NEC Corporation, Qualcomm Technologies, Inc., IBM Corporation, Amazon Web Services, Inc. (Subsidiary of Amazon.com, Inc.), Microsoft, Google (A Subsidiary of Alphabet Inc.), Intel Corporation, Hitachi Information & Telecommunication Engineering, Ltd., Micron Technology, Inc., and Honeywell International Inc. among others.
NVIDIA Corporation is headquartered in California, U.S. and was founded in year 1993. Company is engaged into developing new GPU technology based on the deep learning ignited modern AI for various application such as computer, self-driving cars, robots and others. The company offers wide range of product categories such as Autonomous Machines, Cloud & Data Center, Deep Learning & AI, Design & Pro Visualization, Healthcare & Life Sciences, High Performance Computing, Self-driving Cars, Gaming & Entertainment among which Autonomous Machines, Deep Learning & AI is market focussed category. Company operates is their business in two segments such as GPU, Tegra Processor while GPU is market focused segment.
The company has wide global presence across Europe, Americas, Asia, Middle East with its various subsidiaries such as Icera LLC (U.S.), Icera Semiconductor LLC (U.S.), JAH Venture Holdings, Inc. (U.S.), LPN Facilitator LLC (U.S.), NVIDIA ARC GmbH (Germany) and others.
Intel Corporation is headquartered in California, U.S. was founded in 1968. Company offers the cloud, internet of things, memory and programmable solutions and processor technologies for the market, businesses and society. The company operates in data center group, internet of things, non-volatile memory solutions group, Programmable Solutions Group , Client Computing Group out of which Data Center Group is market focused segments. The company offers wide range of product categories such as Systems & Devices, Processors, Boards & Kits, Chipsets, FPGAs and Programmable Devices, Structured ASICs, Power Solutions, Memory & Storage, Server Products, Networking & I/O, Wireless, Software & Services, Intel Gateways, Technologies among which business FPGAs and Programmable Devices is market focussed category.
The company has wide presence across Asia-Pacific, South America, Europe, Middle East and Africa, Asia-Pacific and generates revenue from subsidiaries such as Skype Technologies (U.S.), Citus Data, Inc. (U.S.), Xamarin (U.S.), LinkedIn Corporation (U.S.), FSLogix, Inc. (U.S.) among others.
NEC Corporation is headquartered in Tokyo, Japan was founded in 1899. Company offers the IT solutions for wide range of industries such as retail and services, manufacturing, finance, government organisations and others, hardware, services segments out of which cloud and license is market focused segments. The company offers wide product range such as 5G, Big Data Analytics, Biometric Authentication, Cloud, Display & Digital Signage, Energy, Safety, Smart City, Smart Connectivity among which Biometric Authentication is focused product category.
The company has presence across the globe in Asia-Pacific, Europe, Middle East & Africa, Latin America, North America. The company also generates revenue through subsidiaries such as NEC Solution Innovators (Japan), NEC Fielding (Japan), NEC Platforms, Ltd (Japan), NEC Lighting, Ltd (Japan), Netcracker Technology (U.S,) and others.