Image Recognition Market
On the other hand, the high cost of raw material is the main reason hampering the growth of
global image recognition market. Further, high value for maintenance is also one of the
significant reasons that are restraining the growth of the global market. On top of this, the
high cost of ownership of the image recognition tools is one of the reasons that are
decreasing the growth of the market.
Global Image Recognition Market: Segmentation
Based on technology, the global image recognition market is mainly classified as optical
character recognition, pattern recognition, facial recognition, code recognition, digital image
processing, object recognition, and others.
On the basis of components, the global market is segmented into software, hardware,
services, and others.
Based on applications, the global market for image recognition is bifurcated into scanning
and imaging, security and surveillance, augmented reality, marketing and advertising, image
search, and others.
On the basis of application, the global market is divided into healthcare, homeland security
and defense, nuclear power plants, industrial applications, environmental monitoring,
academic research, and others.
Based on deployment types, the global market for image recognition is classified into on-
premises and cloud.
On the basis of verticals, the global market is segmented into transportation and logistics,
media and entertainment, telecommunication and IT, banking, financial services, and