Image recognition technology is the process of identifying and detecting an object or a feature in a digital image or video. It gathers high-dimensional data from the real world in order to create arithmetical or emblematic information. This 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.
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On the basis of geography, Asia Pacific is projected to have considerable market growth during the forecast period, owing to the rapid technological advancements, rising use of mobiles and tablets, increasing applications of face remembrance in security and surveillance systems in China, and the popularity of online streaming in emerging economies, such as China and India.
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Some of the key players in Image Recognition Market include NEC Corporation, Nvidia Corporation, Honeywell International Inc., Amazon Web Services (AWS) Inc., LTU Technologies, Wikitude GmbH, Attrasoft, Inc., Microsoft Corporation, Slyce Inc., Google Inc., Intel Corporation, Hitachi, Ltd., IBM Corporation, Qualcomm Corp., Catchoom Technologies S.L., Samsung Electronics, Toshiba, Micron Technologies Inc, Clarifai Inc., and Xilinx Inc.
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