New York, NY -- (SBWIRE) -- 11/22/2018 -- Image recognition technology is the process of identifying and detecting an object or a feature in a digital image or video. The field of image recognition has gained widespread acclaims in the past few years. Image recognition system uses the data shared by users through various platforms such as social networks, apps, and websites. It uses a technology that detects places, people, items, buildings, logos, and different variables in pictures with the help of artificial intelligence. This concept is used in many applications such as smart photo libraries, targeted advertising, security surveillance, toll booth monitoring, and systems for factory automation
According to this study, over the next five years the Image Recognition Technology Market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Image Recognition Technology business, shared in Chapter 3.

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Major Market Players
- IBM Corporation
- Imagga Technologies
- Amazon Web Services
- Qualcomm Incorporated
- Google
- Microsoft Corporation
- NEC Corporation
- LTU technologies
- Catchoom Technologies
- Intel Corporation

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Segmentation by product type: breakdown data from 2013 to 2018, in Section 2.3; and forecast to 2023 in section 10.7.
- Object Detection
- QR/Barcode Recognition
- Pattern Recognition
- Optical Character Recognition
Segmentation by application: breakdown data from 2013 to 2018, in Section 2.4; and forecast to 2023 in section 10.8.
- IT & Telecom
- BFSI
- Healthcare
- Retail
- Government
- Media & Entertainment
- Transportation & Logistics
- Manufacturing
- Others

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Research objectives
To study and analyze the global Image Recognition Technology market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Image Recognition Technology market by identifying its various sub-segments.
Focuses on the key global Image Recognition Technology players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Image Recognition Technology with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Image Recognition Technology sub-markets, with respect to key regions (along with their respective key countries).

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