The Image Recognition Market is estimated to grow from $9.65 billion in 2014 to $25.65 billion by 2019 at a Compound Annual Growth Rate (CAGR) of 21.6% from 2014 to 2019. NA is the biggest market for image recognition solutions while other regions such as APAC and MEA are expected to increase with high CAGRs.
Methodology: MarketsandMarkets has comprehensively divided the Image Recognition Market by types: Optical Character Recognition (OCR), pattern and gradient matching, object recognition, barcode/QR code recognition, facial recognition; by components: hardware, software, and services; by deployment: on-premise and on-demand; by applications: security and surveillance, marketing and promotional activities, content management, advanced driving assistance, quality control and inventory management, scanning and imaging, m-commerce, and others; by verticals: government and defense, Banking, Financial services, and Insurance (BFSI), healthcare and life sciences, manufacturing/industrial units, consumer goods and retail, IT and telecommunication, transport and logistics and others; by regions: North America (NA), Europe (EU), Asia-Pacific (APAC), Latin America (LA) and Middle East and Africa (MEA).
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