Global Image Recognition Market to Grow at 42.91% CAGR by 2018 Forecasts a New Research Report at Sandlerresearch.org
Dallas, Texas (PRWEB) August 15, 2014 -- Retailers are expected to begin using image recognition technology within the next few years to enhance in-store customer service by enabling shoppers to scan an item with an app. The usage of image recognition apps in the Retail industry helps to reduce operational and customer support costs along with reducing the need for human resources in many retail environments. For instance, if someone walks into a large retail shoe store, instead of waiting for the sales associate, a person could use her/his smartphone camera to scan the shoe with the help of the mobile app powered by image recognition technology and the augmented reality app will pull up the current inventory of the shoe.
Analysts forecast the Global Image Recognition market will grow at a CAGR of 42.91 percent during the period 2013-2018. According to the report, the growth of the Global Image Recognition market is driven by several factors. One of the major drivers in the market is the need for advanced security in the Government sector. Government departments such as intelligence, defense, finance, and military are the major adopters and users of image recognition technology.
This report covers the present scenario and the growth prospects of the Global Image Recognition market for the period 2013-2018. To calculate the market size, the report considers revenue generated from the sales of image recognition solutions in the global market.
The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. It provides a geographical segmentation of the markets for the year 2013 and discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
The report recognizes the following companies as the key players in the Global Image Recognition Market : Catchoom, Honeywell , Itraff Technology, LTU Technologies, Blipper, Hitachi, NEC , Panasonic, Qualcomm Technologies, Sharp Vision Software, Toshiba , Wikitude.
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Key Market Driver
• Need for Advanced Security in the Government Sector.
• For a full, detailed list, view our report.
Key Market Challenge
• Lack of Accuracy.
• For a full, detailed list, view our report.
Key Market Trend
• Emergence of Advanced Devices.
• For a full, detailed list, view our report.
Key Questions Answered in this Report
• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Types of Image Recognition Solutions
Exhibit 3: Image Recognition Market by Deployment Model
Exhibit 4: Image Recognition Market by Applications
Exhibit 5: Overview of Image Recognition Market
Exhibit 6: Global Image Recognition Market 2013-2018 (US$ billion)
Exhibit 7: Global Image Recognition Market by Geographical Segmentation 2013
Exhibit 8: Global Image Recognition Market by Geographical Segmentation 2013-2018
Exhibit 9: Image Recognition Market in the North America 2013-2018 (US$ billion)
Exhibit 10: Image Recognition Market in the Europe 2013-2018 (US$ billion)
Exhibit 11: Image Recognition Market in the APAC Region 2013-2018 (US$ billion)
Exhibit 12: Image Recognition Market in the MEA Region 2013-2018 (US$ billion)
Exhibit 13: Image Recognition Market in the Latin America 2013-2018 (US$ billion)
Exhibit 14: Market Attractiveness of the Global Image Recognition Market by Geographical
Exhibit 15: Honeywell: Business Segmentation
Exhibit 16: Itraff Technology: Product Offering
Exhibit 17: LTU: Product Offerings
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Key Regions
• US
• Canada
Key Vendors
• 3M Cogent Inc.
• Cross Match Technologies Inc.
• NEC Corp.
• Safran SA
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About US:
Sandlerresearch.org (http://www.sandlerresearch.org/) is an online market research store for research reports on multiple industries. These reports provide market analysis, trends and opportunities and forecast about industries that helps to make a right decision for the business.
Ritesh Tiwari, Sandlerresearch.org, http://www.sandlerresearch.org/, +1 (888) 391-5441, [email protected]
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