IT Industry Today
North America Image Recognition Market is growing at 18.39% CAGR through 2027
According to a new market research report launched by Inkwood Research, the market for image recognition in North America is projected to garner a CAGR of 18.39% during the forecasted period of 2019-2027.
Published 11 December 2019
KEY FINDINGS
The market for image recognition in North America is projected to garner a CAGR of 18.39% during the forecasted period of 2019-2027. The rising number of smartphone and electronic gadgets users using image recognition applications, and increasing adoption and application of drones in various domains, are the factors expected to propel the market growth.
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MARKET INSIGHTS
The image recognition market in North America is assessed based on the regional markets of the United States and Canada. The focus on technology in the healthcare sector has grown over the years in the United States, and the subsequent investments for the integration of new technology, has boosted the regional market growth. The healthcare and retail segments in the region have been benefiting from these technologies, thereby fueling the market growth. Increasing uses of image-recognition systems is seen in Canada, along with rising demands for facial recognition in sectors like business, all of which contribute to the growth of the market. Facial recognition finds its applications and demands both, in the United States and Canada. The North American region is considered to be the dominating region in the image recognition market.
COMPETITIVE INSIGHTS
The innovations, acquisitions, and partnerships by the players in the market paved the way for market growth. Some of the major companies in the region are LTU Technologies, Google LLC., Qualcomm Technologies, Inc., NEC Corporation, Honeywell International Inc., Amazon Web Services, Inc., Hitachi Ltd., etc.
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The market for image recognition in North America is projected to garner a CAGR of 18.39% during the forecasted period of 2019-2027. The rising number of smartphone and electronic gadgets users using image recognition applications, and increasing adoption and application of drones in various domains, are the factors expected to propel 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/north-america-image-recognition-market/#request-free-sample
MARKET INSIGHTS
The image recognition market in North America is assessed based on the regional markets of the United States and Canada. The focus on technology in the healthcare sector has grown over the years in the United States, and the subsequent investments for the integration of new technology, has boosted the regional market growth. The healthcare and retail segments in the region have been benefiting from these technologies, thereby fueling the market growth. Increasing uses of image-recognition systems is seen in Canada, along with rising demands for facial recognition in sectors like business, all of which contribute to the growth of the market. Facial recognition finds its applications and demands both, in the United States and Canada. The North American region is considered to be the dominating region in the image recognition market.
COMPETITIVE INSIGHTS
The innovations, acquisitions, and partnerships by the players in the market paved the way for market growth. Some of the major companies in the region are LTU Technologies, Google LLC., Qualcomm Technologies, Inc., NEC Corporation, Honeywell International Inc., Amazon Web Services, Inc., Hitachi Ltd., etc.
RELATED REPORTS
NORTH AMERICA BIOTECHNOLOGY REAGENTS MARKET FORECAST 2020-2028
NORTH AMERICA SAUCES, CONDIMENTS & DRESSINGS MARKET FORECAST 2019-2027
NORTH AMERICA MULTIPLEX ASSAY MARKET FORECAST 2019-2027
NORTH AMERICA FORKLIFT TRUCK MARKET FORECAST 2020-2028
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