DUBLIN--(BUSINESS WIRE)--The "Image Recognition - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
Image Recognition market worldwide is projected to grow by US$56.8 Billion, driven by a compounded growth of 20.1%.
Hardware, one of the segments analyzed and sized in this study, displays the potential to grow at over 19.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$42.7 Billion by the year 2025, Hardware will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 21.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$2.1 Billion to the region's size and clout in the next 5 to 6 years. Over US$2.7 Billion worth of projected demand in the region will come from Rest of Europe markets.
In Japan, Hardware will reach a market size of US$3.2 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 19.7% over the next couple of years and add approximately US$9.9 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- Attrasoft, Inc.
- Catchoom Technologies SL
- Google LLC
- Hitachi Ltd.
- Honeywell International, Inc.
- Ltu Technologies
- NEC Corporation
- Qualcomm, Inc.
- Slyce Acquisition Inc.
- Wikitude GmbH
For more information about this report visit https://www.researchandmarkets.com/r/7xayzg