Global Image Recognition Technology Market accounted for US$ 25.32 billion in 2020 and is estimated to be US$ 145.81 billion by 2030 and is anticipated to register a CAGR of 10.40%.
Because computerized face recognition involves the measurement of a human's physiological characteristics face recognition systems are categorized as biometrics.
Although the accuracy of face recognition systems as a biometric technology is less than iris recognition and fingerprint recognition, it's widely adopted thanks to its contactless process.The report “Global Image Recognition Technology Market, By Type (Object Detection, QR/Barcode Recognition, Facial Recognition, Pattern Recognition, and Optical Character Recognition), By Application (IT & Telecom, BFSI, Healthcare, Retail, Government, Media & Entertainment, Transportation & Logistics, Manufacturing, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”Key Highlights:In Aug 2021, Augmented Reality (AR) technology firm, Geenee Inc., has recently announced the launch of ‘Geenee WebAR Builder’, a no-code creation platform that makes it possible for creators and brands to publish AR content to the web in a matter of minutes.In April 2020, Microsoft partnered with Coca-Cola.
Hence, retailers are quickly adapting to the new era of AI and image recognition to deliver next level customer experience.
Image recognition technology is assisting manufacturers, retailers, and marketers to know their market and react dynamically.Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Image Recognition Technology Market, By Type (Object Detection, QR/Barcode Recognition, Facial Recognition, Pattern Recognition, and Optical Character Recognition), By Application (IT & Telecom, BFSI, Healthcare, Retail, Government, Media & Entertainment, Transportation & Logistics, Manufacturing, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”To know the upcoming trends and insights prevalent in this market, click the link below:https://www.prophecymarketinsights.com/market_insight/Global-Image-Recognition-Technology-Market-3594Key Market Insights from the report:Global Image Recognition Technology Market accounted for US$ 25.32 billion in 2020 and is estimated to be US$ 145.81 billion by 2030 and is anticipated to register a CAGR of 10.40%.
The Global Image Recognition Technology Market report segments the market on the basis of type, application and region.Based on type, the Global Nerve Stimulators Market is segmented into the Object Detection, QR/Barcode Recognition, Facial Recognition, Pattern Recognition, and Optical Character Recognition.Based on Application, the Global Nerve Stimulators Market is segmented into IT & Telecom, BFSI, Healthcare, Retail, Government, Media & Entertainment, Transportation & Logistics, Manufacturing, and Others.By region, the Global Nerve Stimulators Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.