Today, image recognition solutions are not only fulfilling basic human requirements, such as purchasing numerous products through smartphone-based applications, but are also providing state-of-the-art technology facilitated equipment for sensitive layouts such as defense, airports, immigration, and customs departments. Also, the Intelligent Character Recognition (ICR) technology is used in sorting and enumerating important files for organizational purposes. It helps in accessing a particular document with ease and saving time.
MarketsandMarkets believes that there is a lack of user awareness and a few technological quality issues in the image recognition market. These challenges are restraining businesses and customers from implementing image recognition technology to support a broad spectrum of applications, such as security and surveillance, marketing and promotional activities, content management, advanced driving assistance, quality control and inventory management, scanning and imaging, and m-commerce.
For the full version of this report, please visit the Markets & Markets website.
