ASIA PACIFIC IMAGE RECOGNITION MARKET FORECAST 2019-2027

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ASIA PACIFIC IMAGE RECOGNITION MARKET FORECAST 2019-2027

The Asia Pacific image recognition market is projected to record a stable growth at a CAGR of 24.28% during the forecast period. The rising facial recognition applications and the implementation of object and pattern recognition in the retail and commerce sector are the factors influencing the growth of the market. The Asia Pacific has a large presence of IT industries, and companies, along with the launching of new products by key players in the market region, are enhancing the market growth. The phenomenal developments in the e-commerce sector, and surging use of smartphones, aids in the penetration of image recognition in the market.

ASIA PACIFIC IMAGE RECOGNITION MARKET FORECAST 2019-2027

Asia Pacific Image Recognition Market by Deployment (On-Premise, Cloud) by Component (Hardware, Software, Services) by Technology (Object Detection, QR/Barcode Recognition, Facial Recognition, Pattern Recognition, Opical Character Recognition) by Application (Scanning and Imaging, Security and Surveillance, Image Search, Augmented Reality, Marketing and Advertising) by End User (IT and Telecom, BFSI, Healthcare, Retail, Government, Media and Entertainment, Transportation and Logistics, Manufacturing, Others) & by Geography

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The Asia Pacific image recognition market  is projected to record a stable growth at a CAGR of 24.28% during the forecast period. The rising facial recognition applications, and the implementation of object and pattern recognition in the retail and commerce sector, are the factors influencing the growth of the market.

The Asia Pacific has a large presence of IT industries, and companies, along with the launching of new products by key players in the market region, are enhancing the market growth. The phenomenal developments in the e-commerce sector, and surging use of smartphones, aids in the penetration of image recognition in the market. The region of Asia Pacific is assessed based on the economies of the market regions, such as India, China, Japan, Australia, Singapore, South Korea, and the Rest of Asia Pacific. The adoption of facial recognition is on the rise, and thus, is a primary driver of market growth in these regions. The growth of the image recognition market in the Asia Pacific region is almost impossible to contain, as they are increasingly relied upon, due to security solutions, smart city initiatives, and the rise of smart homes. At the same time, there have been heavy investments in image recognition technologies in order to provide consumers with advanced digital experience.

The increasing market growth opportunities are attracting various players to the market. NEC Corporation is a supplier of information and communications technology solutions, such as, mainframes, business personal computers, automated teller machines, optical transmission systems, energy management systems, etc. It operates across various regions in the Asia Pacific and Europe, and has its headquarters in Tokyo, Japan.

 

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC IS THE FASTEST-GROWING MARKET REGION
      • RISING DEMAND FOR FACIAL RECOGNITION AMONG END USERS
      • HIGH ADOPTION OF AUGMENTED REALITY
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWING DEMAND OF IMAGE RECOGNITION IN END-USER VERTICALS
      • TECHNOLOGICAL ADVANCEMENTS IN FACIAL RECOGNITION
      • SUPPORTIVE REGULATIONS AIDS TO MARKET GROWTH
    • MARKET RESTRAINTS
      • LACK OF TECHNICAL PROFICIENCY
      • HIGH COSTS LEVIED ON IMAGE RECOGNITION TECHNOLOGY
      • ESCALATING ISSUES IN DATA PROCESSING AND STORAGE
    • MARKET OPPORTUNITIES
      • GROWING ADOPTION OF IMAGE RECOGNITION IN BFSI SECTOR
      • RISING USAGE OF AI IN IMAGE RECOGNITION
    • MARKET CHALLENGES
      • CONCERNS OVER IMAGE QUALITY
  1. MARKET BY DEPLOYMENT
    • ON-PREMISE
    • CLOUD
  2. MARKET BY COMPONENT
    • HARDWARE
    • SOFTWARE
    • SERVICES
  3. MARKET BY TECHNOLOGY
    • OBJECT DETECTION
    • QR/BARCODE RECOGNITION
    • FACIAL RECOGNITION
    • PATTERN RECOGNITION
    • OPTICAL CHARACTER RECOGNITION
  4. MARKET BY APPLICATION
    • SCANNING & IMAGING
    • SECURITY & SURVEILLANCE
    • IMAGE SEARCH
    • AUGMENTED REALITY
    • MARKETING & ADVERTISING
  5. MARKET BY END USER
    • IT & TELECOM
    • BFSI
    • HEALTHCARE
    • RETAIL
    • GOVERNMENT
    • MEDIA & ENTERTAINMENT
    • TRANSPORTATION & LOGISTICS
    • MANUFACTURING
    • OTHERS
  6. KEY ANALYTICS
    • PORTERS FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • COST
      • COMPANY BACKGROUND & EXPERIENCE
      • EASE OF USE
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  7. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SINGAPORE
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • ATTRASOFT INC.
    • CATCHOOM TECHNOLOGIES S.L.
    • GOOGLE LLC.
    • HITACHI LTD.
    • HONEYWELL INTERNATIONAL INC.
    • LTU TECHNOLOGIES
    • NEC CORPORATION
    • QUALCOMM TECHNOLOGIES, INC.
    • AMAZON WEB SERVICES INC.
    • INTERNATIONAL BUSINESS MACHINE CORPORATION (IBM)
    • SLYCE INC.
    • IMAGGA TECHNOLOGIES LTD.
    • INTEL CORPORATION

 TABLE LIST

TABLE 1: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY DEPLOYMENT, 2019-2027 (IN $ MILLION)

TABLE 3: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY COMPONENT, 2019-2027 (IN $ MILLION)

TABLE 4: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

TABLE 5: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 6: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY END USER, 2019-2027 (IN $ MILLION)

TABLE 7: OPPORTUNITY MATRIX

TABLE 8: VENDOR LANDSCAPE

TABLE 9: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

FIGURES LIST

FIGURE 1: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY DEPLOYMENT, 2018 & 2027 (IN %)

FIGURE 2: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY ON-PREMISE, 2019-2027 (IN $ MILLION)

FIGURE 3: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY CLOUD, 2019-2027 (IN $ MILLION)

FIGURE 4: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

FIGURE 5: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)

FIGURE 6: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY OBJECT DETECTION, 2019-2027 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY QR/BARCODE RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY FACIAL RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY PATTERN RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY OPTICAL CHARACTER RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY SCANNING & IMAGING, 2019-2027 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY SECURITY & SURVEILLANCE, 2019-2027 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY IMAGE SEARCH, 2019-2027 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY AUGMENTED REALITY, 2019-2027 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY MARKETING & ADVERTISING, 2019-2027 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY IT & TELECOM, 2019-2027 (IN $ MILLION)

FIGURE 18: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY BFSI, 2019-2027 (IN $ MILLION)

FIGURE 19: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 20: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)

FIGURE 21: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY GOVERNMENT, 2019-2027 (IN $ MILLION)

FIGURE 22: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY MEDIA & ENTERTAINMENT, 2019-2027 (IN $ MILLION)

FIGURE 23: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY TRANSPORTATION & LOGISTICS, 2019-2027 (IN $ MILLION)

FIGURE 24: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

FIGURE 25: ASIA PACIFIC IMAGE RECOGNITION MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 26: PORTER’S FIVE FORCE ANALYSIS

FIGURE 27: KEY BUYING IMPACT ANALYSIS

FIGURE 28: ASIA PACIFIC IMAGE RECOGNITION MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 29: CHINA IMAGE RECOGNITION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: JAPAN IMAGE RECOGNITION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: INDIA IMAGE RECOGNITION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: SINGAPORE IMAGE RECOGNITION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: SOUTH KOREA IMAGE RECOGNITION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: AUSTRALIA IMAGE RECOGNITION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: REST OF ASIA PACIFIC IMAGE RECOGNITION MARKET, 2019-2027 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SINGAPORE
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
  1. MARKET BY DEPLOYMENT
    • ON-PREMISE
    • CLOUD
  2. MARKET BY COMPONENT
    • HARDWARE
    • SOFTWARE
    • SERVICES
  3. MARKET BY TECHNOLOGY
    • OBJECT DETECTION
    • QR/BARCODE RECOGNITION
    • FACIAL RECOGNITION
    • PATTERN RECOGNITION
    • OPTICAL CHARACTER RECOGNITION
  4. MARKET BY APPLICATION
    • SCANNING & IMAGING
    • SECURITY & SURVEILLANCE
    • IMAGE SEARCH
    • AUGMENTED REALITY
    • MARKETING & ADVERTISING
  5. MARKET BY END USER
    • IT & TELECOM
    • BFSI
    • HEALTHCARE
    • RETAIL
    • GOVERNMENT
    • MEDIA & ENTERTAINMENT
    • TRANSPORTATION & LOGISTICS
    • MANUFACTURING
    • OTHERS

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