Key Findings
The Europe image recognition market is expected to project a steady growth and a CAGR of 20.22% during the forecast period, 2019-2027. The increasing applications of machine vision systems in inspection and industrial automation, and rising adoption of image recognition, are the factors estimated to drive the market growth.

Market Insights
The market for image recognition in the European region is studied through the markets situated across the regions of Russia, France, Germany, Spain, Italy, the United Kingdom, and the Rest of Europe. There is a high demand for image recognition in regions like the United Kingdom, in the domain of law enforcement, along with the increasing usage of augmented reality by various players in the market region. At the same time, the research and development in various domains, and the subsequent applications of image recognition in areas ranging from defense to banking, benefiting the market in regions like Germany, France, and Spain. The increasing creation and consumption of data have resulted in the use of big analytics, which aids in the increased use of image recognition in sectors like banking, healthcare, traffic safety, etc.

Competitive Insights
The increasing use of data analysis has culminated in huge investments by the big names in the market. Catchoom Technologies, NEC Corporation, LTU Technologies, Amazon Web Services Inc., Honeywell International Inc., Qualcomm Technologies, Inc., etc. are some of the companies operating in the market.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments