Global Image Recognition Market 2014-2018

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Published : Jul-2014
No. of Pages : 66

Report Description

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Image recognition is a technology used to acquire, analyze and understand images to detect and distinguish images from one another. It is also used to identify and detect an object or a feature in a digital image or video. This technology is used for access control in high-security areas, private and public buildings, and in intelligent buildings where a person’s identity and permission rights are compulsory. It is also available as an integrated technology into smartphones applications and used in different application areas such as to make mobile payments, do online shopping and retailing through a high-quality visual environment.

TechNavio’s analysts forecast the Global Image Recognition market will grow at a CAGR of 42.91 percent during the period 2013-2018.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Image Recognition market for the period 2013-2018. To calculate the market size, the report considers revenue generated from the sales of image recognition solutions in the global market.

The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. It provides a geographical segmentation of the markets for the year 2013 and discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Key Regions

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Key Vendors

  • Catchoom
  • Honeywell
  • Itraff Technology
  • LTU Technologies

Other Prominent Vendors

  • Blipper
  • Hitachi
  • NEC
  • Panasonic
  • Qualcomm Technologies
  • Sharp Vision Software
  • Toshiba
  • Wikitude

Key Market Driver

  • Need for Advanced Security in the Government Sector.
  • For a full, detailed list, view our report.

Key Market Challenge

  • Lack of Accuracy.
  • For a full, detailed list, view our report.

Key Market Trend

  • Emergence of Advanced Devices.
  • For a full, detailed list, view our report.

Key Questions Answered in this Report

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Table of Contents

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings

04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology

05. Introduction

06. Market Description
06.1 Types of Image Recognition Solutions
06.1.1 Optical Character Recognition
06.1.2 Pattern and Gradient Matching
06.1.3 Object recognition
06.1.4 Barcode Recognition
06.1.5 Facial recognition
06.2 Image Recognition Market by Deployment Model
06.3 Application Areas of Image Recognition
06.4 Advantages of Image Recognition

07. Market Landscape
07.1 Market Overview
07.2 Market Size and Forecast
07.3 Five Forces Analysis

08. Geographical Segmentation
08.1 Global Image Recognition Market by Geographical Segmentation 2013
08.2 Global Image Recognition Market by Geographical Segmentation 2013-2018
08.3 Image Recognition Market in the North America
08.3.1 Market Size and Forecast
08.4 Image Recognition Market in the Europe
08.4.1 Market Size and Forecast
08.5 Image Recognition Market in the APAC Region
08.5.1 Market Size and Forecast
08.6 Image Recognition Market in the MEA Region
08.6.1 Market Size and Forecast
08.7 Image Recognition Market in the Latin America
08.7.1 Market Size and Forecast

09. Market Attractiveness
09.1 Market Attractiveness of the Global Image Recognition Market by Geographical

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Trends and their Impact

17. Vendor Landscape
17.1 Competitive Scenario
17.2 List of Major Vendors
17.3 Other Prominent Vendors

18. Key Vendor Analysis
18.1 Catchoom
18.1.1 Business Overview
18.1.2 Key Information
18.1.3 SWOT Analysis
18.2 Honeywell
18.2.1 Business Overview
18.2.2 Business Segmentation
18.2.3 Key Information
18.2.4 SWOT Analysis
18.3 Itraff Technology
18.3.1 Business Overview
18.3.2 Product Offerings
18.3.3 Key Information
18.3.4 SWOT Analysis
18.4 LTU Technologies
18.4.1 Business Overview
18.4.2 Product Offerings
18.4.3 Key Information
18.4.4 SWOT Analysis
19. Key Developments

20. Key Insights

21. Other Reports in this Series

List of Exhibits

Exhibit 1: Market Research Methodology
Exhibit 2: Types of Image Recognition Solutions
Exhibit 3: Image Recognition Market by Deployment Model
Exhibit 4: Image Recognition Market by Applications
Exhibit 5: Overview of Image Recognition Market
Exhibit 6: Global Image Recognition Market 2013-2018 (US$ billion)
Exhibit 7: Global Image Recognition Market by Geographical Segmentation 2013
Exhibit 8: Global Image Recognition Market by Geographical Segmentation 2013-2018
Exhibit 9: Image Recognition Market in the North America 2013-2018 (US$ billion)
Exhibit 10: Image Recognition Market in the Europe 2013-2018 (US$ billion)
Exhibit 11: Image Recognition Market in the APAC Region 2013-2018 (US$ billion)
Exhibit 12: Image Recognition Market in the MEA Region 2013-2018 (US$ billion)
Exhibit 13: Image Recognition Market in the Latin America 2013-2018 (US$ billion)
Exhibit 14: Market Attractiveness of the Global Image Recognition Market by Geographical
Exhibit 15: Honeywell: Business Segmentation
Exhibit 16: Itraff Technology: Product Offering
Exhibit 17: LTU: Product Offerings

Press Release

TechNavio Announces the Publication of its Research Report - Global Image Recognition Market 2014-2018

TechNavio recognizes the following companies as the key players in the Global Image Recognition Market : Catchoom, Honeywell , Itraff Technology, LTU Technologies, Blipper, Hitachi, NEC , Panasonic, Qualcomm Technologies, Sharp Vision Software, Toshiba , Wikitude

Commenting on the report, an analyst from TechNavio’s team said: “Retailers are expected to begin using image recognition technology within the next few years to enhance in-store customer service by enabling shoppers to scan an item with an app. The usage of image recognition apps in the Retail industry helps to reduce operational and customer support costs along with reducing the need for human resources in many retail environments. For instance, if someone walks into a large retail shoe store, instead of waiting for the sales associate, a person could use her/his smartphone camera to scan the shoe with the help of the mobile app powered by image recognition technology and the augmented reality app will pull up the current inventory of the shoe ”

According to the report, the growth of the Global Image Recognition market is driven by several factors. One of the major drivers in the market is the need for advanced security in the Government sector. Government departments such as intelligence, defense, finance, and military are the major adopters and users of image recognition technology.

Further, the report states that the global Image Recognition market is curtailed by some serious challenges. The lack of accuracy is one of the major challenges in this market. Image recognition systems may make errors in the identification process because of factors such as aging, changes brought about by plastic surgery, and the non-permanent makeup of the people whose images are stored in the database.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Filed in: Information Technology
Publisher : Infiniti Research Limited
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