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The global image recognition market is expected to reach $79.80 billion in 2025, from $16.10 billion in 2016, growing at a CAGR of 19.7% from 2017 to 2025. Image recognition is a process, which identifies and detects the object or a feature in a digital image or video. This system is widely used across factory automation, toll booth monitoring, and security & surveillance.
Recently, the adoption of image recognition has grown significantly in the IT, telecom, marketing, and other sectors, as it allows marketers to track real-time trends, which in turn provide them a competitive advantage. Moreover, marketers can monitor customers views for their particular brand and their competitors brands.
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