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EUROPE Image Recognition Market is growing at 20.22% CAGR through 2027
According to a new market research report launched by Inkwood Research, Europe image recognition market is expected to project a steady growth and a CAGR of 20.22% during the forecast period, 2019-2027.
Published 11 December 2019
KEY FINDINGS
The Europe image recognition market is expected to project a steady growth and a CAGR of 20.22% during the forecast period, 2019-2027. The increasing applications of machine vision systems in inspection and industrial automation, and rising adoption of image recognition, are the factors estimated to drive the market growth.
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MARKET INSIGHTS
The market for image recognition in the European region is studied through the markets situated across the regions of Russia, France, Germany, Spain, Italy, the United Kingdom, and the Rest of Europe. There is a high demand for image recognition in regions like the United Kingdom, in the domain of law enforcement, along with the increasing usage of augmented reality by various players in the market region. At the same time, the research and development in various domains, and the subsequent applications of image recognition in areas ranging from defense to banking, benefiting the market in regions like Germany, France, and Spain. The increasing creation and consumption of data have resulted in the use of big analytics, which aids in the increased use of image recognition in sectors like banking, healthcare, traffic safety, etc.
COMPETITIVE INSIGHTS
The increasing use of data analysis has culminated in huge investments by the big names in the market. Catchoom Technologies, NEC Corporation, LTU Technologies, Amazon Web Services Inc., Honeywell International Inc., Qualcomm Technologies, Inc., etc. are some of the companies operating in the market.
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The Europe image recognition market is expected to project a steady growth and a CAGR of 20.22% during the forecast period, 2019-2027. The increasing applications of machine vision systems in inspection and industrial automation, and rising adoption of image recognition, are the factors estimated to drive the market growth.
Request Free Sample Report for Global Ceramic Matrix Composites Market By Composite Type, Fiber Type, Fiber Material, Application And Geography: https://www.inkwoodresearch.com/reports/europe-image-recognition-market/#request-free-sample
MARKET INSIGHTS
The market for image recognition in the European region is studied through the markets situated across the regions of Russia, France, Germany, Spain, Italy, the United Kingdom, and the Rest of Europe. There is a high demand for image recognition in regions like the United Kingdom, in the domain of law enforcement, along with the increasing usage of augmented reality by various players in the market region. At the same time, the research and development in various domains, and the subsequent applications of image recognition in areas ranging from defense to banking, benefiting the market in regions like Germany, France, and Spain. The increasing creation and consumption of data have resulted in the use of big analytics, which aids in the increased use of image recognition in sectors like banking, healthcare, traffic safety, etc.
COMPETITIVE INSIGHTS
The increasing use of data analysis has culminated in huge investments by the big names in the market. Catchoom Technologies, NEC Corporation, LTU Technologies, Amazon Web Services Inc., Honeywell International Inc., Qualcomm Technologies, Inc., etc. are some of the companies operating in the market.
RELATED REPORTS
EUROPE BIOTECHNOLOGY REAGENTS MARKET FORECAST 2020-2028
EUROPE SAUCES, CONDIMENTS & DRESSINGS MARKET FORECAST 2019-2027
EUROPE MULTIPLEX ASSAY MARKET FORECAST 2019-2027
EUROPE FORKLIFT TRUCK MARKET FORECAST 2020-2028
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