Image Recognition AI Camera Market Recent Innovations, Applications, Growth Analysis and Forecast Till 2026

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Image Recognition AI Camera Market Share, Size
and Analysis Report 2022-2026 Artificial
Intelligence (AI) has become the heart of
technology world over the past decade, and
investments are flooding AI-based application
segments since. Image recognition has been one of
the most attractive areas of application that
continues to be fuelled by the spiralling
significance of security worldwide. A new ongoing
research by Fairfield Market Research digs deeper
into the global image recognition AI camera
market to uncover the facts and provide market
growth forecast. With the rise of break-through
innovations like selfdriving cars, and autonomous
robots, image recognition AI camera is likely to
gain prominence for performing critically
important tasks. Get Sample Copy of Image
Recognition AI Camera Market https//www.fairfiel
dmarketresearch.com/report/image-recognition-ai-ca
mera- market/request-sample There has been a lot
of interest growing around AI-enabled
accident-avoidance systems in line with the surge
in demand for futuristic vehicle safety features,
and applications. This also will significantly
encourage adoption of image recognition AI camera
in future, says the report. With several
governments emphasising enhanced AI capabilities
to elevate prospects of multiple verticals from
healthcare and automotive, to transportation, the
scope for growth of image recognition AI camera
market is likely to grow stronger. The report
points to an influx of revenue generation
opportunities residing in applications like
security and surveillance, vehicular safety,
pedestrian recognition, and biometric
scanning. Ecommerce Expansion Acts as a Growth
Stimulator Ecommerce companies are likely to
unlock multiple windows of opportunity as the
technology holds massive potential to facilitate
management of customer interfaces and store
inventories, product placement and marketing, and
shelf recognition. The technology of image
recognition is also gaining traction in functions
like online searching and shopping of products.
The COVID-19 pandemic that has proven to be a
tremendous booster to ecommerce industry has also
elevated the growth outlook of image recognition
AI camera technology. High Capital Investment
Impedes Market Growth Expensive installation
costs associated with image recognition systems
will remain a longstanding challenge facing rapid
market expansion. Moreover, dearth of technical
expertise is likely to restrict availability, and
adoption across a majority of emerging economies.
Some of the recognised, and sought-after vendor
solutions available on the market include
Microsoft Emotion API, Microsoft Computer Vision
API, Google Cloud Vision
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API, Amazon Rekognition, and IBM Watson Visual
Recognition. However, high installation price
point of these solutions continues to make them
inviable for small-sized enterprises, which
limits adoption. Considerably high costs involved
in training AI enablers further restrict
deployment in retail, and ecommerce. Besides AI,
development of other involved technologies like
machine learning (ML), deep learning, face and
gesture recognition, and computer vision demand
massive investments. Several businesses thus,
though willing to adopt such next-gen
technology-enabled security solutions, remain
challenged due to budget constraints. North
America Remains Dominant While AI has penetrated
deeper as a next-gen technology across industries
in developed western countries, it continues to
work to the advantage of image recognition AI
camera market players as well. Greater adoption
of mobile application security solutions,
especially in North America, is expected to
favour the growth of image recognition AI camera
market in the region. across all industries which
will likely to enhance the growth of the market.
On the other side, developing regional markets
are likely to benefit from growing demand for
critical security applications, and consecutively
soaring sales of AI-enabled security solutions,
and image recognition featured security
products. Leading Participants in Image
Recognition AI Camera Landscape Google LLC.,
Honeywell International Inc., Apple Inc.,
Qualcomm Technologies, Inc., Hitachi, Ltd., NEC
Corporation, Fujitsu Ltd., Slyce, Samsung
Electronics, LG Electronics, Huawei Technology,
Xiaomi Inc., Nikon Corporation, and HuddleCamHD
are some of the top players accounting for
notable revenue generation in global image
recognition AI camera market. Key companies are
likely to prefer strategic acquisitions for
expansion in target markets. For More Information
of Image Recognition AI Camera Market Visit
https//www.fairfieldmarketresearch.com/report/ima
ge-recognition-ai-camera-market About
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