Report forecasts image recognition market to double by 2020

Research firm MarketsandMarkets recently forecasted that the image recognition market is expected to more than double worldwide to $30 billion. Markets and Markets details these findings in its new report, “Image Recognition Market by Technology (Pattern Recognition), by Component (Hardware, Software, Service), by Application (Marketing and Advertising), by Deployment Type (On-Premises and Cloud), by Industry Vertical and by Region – Global Forecast To 2022“. Image recognition technology, which recognizes and processes data patterns both online and in real life, is

Gesture and touch-less sensing market worth $22.04B by 2020: report

The total market for gesture recognition and touch-less sensing is expected to reach $22.04 billion by 2020 at a 30.91% CAGR until 2020. This, according to newly-published research in the MarketsandMarkets catalogue.   According to the report, “Gesture Recognition & Touch-Less Sensing Market by Technology (2D, 3D, Ultrasonic, IR, Capacitive), Product (Biometric, Sanitary Equipment), Application (Healthcare, Consumer Electronics, Automotive), Geography (Americas, EMEA & APAC) – Global Forecasts and Analysis to 2013 – 2020,” this newly-projected market growth comes as an

Physical security market to reach $85.51 billion in 2018

New research suggests the physical security market, which has been valued at $55.59 billion in 2013, will grow to $85.51 billion in 2018, representing a CAGR of 9% from 2013 to 2018. According to the report, Physical Security Market By Products (Video surveillance, Access Control, Biometrics, Intrusion Detection, Security Systems), Services (Remote Management, Technical Support, Security Consulting) Worldwide Market Forecasts and Analysis (2013 – 2018), government organizations and large enterprises are actively adopting new security technologies – which includes biometrics