Image recognition technology detects and identifies objects and features in a digital image and works with the help of various types of algorithms, such as pattern matching and gradient matching, optical character recognition, and face recognition. It has numerous applications such as publishing, traffic management, advertising, e-commerce, and security. Image recognition system uses the data shared by users through various platforms such as social networks, apps, and websites. It uses a technology that detects places, people, items, buildings, logos, and various variables in image with the help of artificial intelligence. Companies are using huge digital data to bring better and niftier facilities to customers. Image recognition is used to perform several machine-based visual tasks, which include performing image content search and guiding autonomous robots, labeling the content of images with meta-tags, self-driving cars, and accident avoidance systems, and others.
The market is driven by factors such as ongoing technological advancements in image recognition and rise in demand for image recognition applications in media, retail, and marketing. However, high product cost coupled with image recognition system act as major deterrents to the market growth. Furthermore, surge in need for using data analytics is believed to create significant demand for the image recognition market. Besides, rise in adoption of facial recognition access systems as compared to card systems in residences and industries provide opportunities for the growth of the market.
Major Key Players of the Image Recognition Market are:IBM Corporation, Imagga Technologies Ltd., Amazon Web Services, Inc., Qualcomm Incorporated, Google LLC, Microsoft Corporation, NEC Corporation, LTU technologies, Catchoom Technologies S.L., and Intel Corporation.
Read More @ http://www.sbwire.com/press-releases/image-recognition-market-to-register-unwavering-growth-during-to-2025-ibm-imagga-technologies-aws-1287761.htm
The market is driven by factors such as ongoing technological advancements in image recognition and rise in demand for image recognition applications in media, retail, and marketing. However, high product cost coupled with image recognition system act as major deterrents to the market growth. Furthermore, surge in need for using data analytics is believed to create significant demand for the image recognition market. Besides, rise in adoption of facial recognition access systems as compared to card systems in residences and industries provide opportunities for the growth of the market.
Major Key Players of the Image Recognition Market are:IBM Corporation, Imagga Technologies Ltd., Amazon Web Services, Inc., Qualcomm Incorporated, Google LLC, Microsoft Corporation, NEC Corporation, LTU technologies, Catchoom Technologies S.L., and Intel Corporation.
Read More @ http://www.sbwire.com/press-releases/image-recognition-market-to-register-unwavering-growth-during-to-2025-ibm-imagga-technologies-aws-1287761.htm
No comments:
Post a Comment