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Facilities Such as Airport, Immigration & Smartphone Applications Drive the Image Recognition Market
Today, mobile devices, especially smartphones, are taking computing technologies to a whole new level, and with trending mobile applications facilitated with cloud-based image recognition solutions, business environments such as retailing, for instance, are getting powerfully digitalized. This smartphone and image recognition technology-based retailing function is called mobile commerce or m-commerce which reduces human efforts significantly in the whole purchasing transaction.
Conventionally, enterprises such as retail and consumer goods depended notably on human resources, such as sales associates and customer care executives, for efficient functioning. However, ever since the advent of image recognition solutions, the technology is continuously being upgraded and integrated with tools such as Augmented Reality (AR) platform for developing mobile applications to convert retail activities into an easy to use, consumer friendly, and time saving experience.
Similarly, other related recognition technologies find major applications in enterprise content management which evolved from manually storing documents in files and folders to better storage systems such as floppy discs and Compact Discs (CDs), later in the computer age. Enterprise content management involves enumerating and sorting a firmís imperative content, mostly information in the form of documents. Optical Character Recognition (OCR) technology and Intelligent Character Recognition (ICR) technology enable the structured sorting of such information. Other verticals such as healthcare and life sciences and transport and logistics also have a high growth rate in the image recognition market.
Image Recognition Market [Method (OCR, Object, Pattern Matching, Barcode/ QR, Facial), Application (Security & Surveillance, Quality Control & Inventory Management, Advertising, Scanning & Imaging, m-Commerce)] - Worldwide Market Forecast (2014-2019)
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