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Asia-Pacific AI in Image Recognition Market: Market Size, Share and Forecast 2019-2025

Asia-Pacific AI in Image Recognition Market: Market Size, Share and Forecast 2019-2025

Submitted by • January 24, 2020 www.omrglobal.com

Asia-Pacific AI in image recognition market is estimated to grow significantly at a CAGR of more than 29% during the forecast period. The major countries which will contribute to the market include China, India, and Japan. China is the biggest player in AI in the image recognition market. The market in the region is largely driven by the investment from the AI companies and a significant rise to the big data. A large amount of data generation enables AI systems to create more sophisticated insights, thus, offering companies to reduce costs, scale operations, improve productivity and enhance more targeted products and services to consumers. Owing to the increasing popularity of social media platforms in the region, image data has been growing significantly, which in turn is driving the demand for AI-based image recognition platforms in the region.

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