Stocks TradingCharts.com

stocks prices, charts & quotes

Free Stock Prices, Charts & Stock Price Quotes

Search
Symbol Search Browse Symbols My Charts Menu
QUICK QUOTE
QUICK CHART
F.A.Questions Suggestion Box Advertising Info Commodity Charts Forex Markets

Stocks & Financial News

Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts

Germany AI In Image Recognition Market is estimated to grow significantly at a CAGR of over 28% during the forecast period.

Jan 14, 2020 (Heraldkeepers) --
Germany AI In Image Recognition Market is estimated to grow significantly at a CAGR of over 28% during the forecast period. Germany is the fourth-largest economy globally and largest in Europe. The country is expected to be the largest player in AI in image recognition in the region. The dominance of Germany in the market is high usage of technology in the automotive, BFSI and security.

Germany is a major automotive manufacturing hub globally and the sector contributes 15-20% of the total economy of the country. The major automotive manufacturer which are headquartered in Germany includes BMW, MAN, Daimler AG, and Volkswagen. Along with OEM, the country has a well-renowned supplier base that supplies its products across the globe. The growing automotive industry may also contribute to the demand for AI in image recognition technology owing to the increasing demand for connected cars and ADAS.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/germany-ai-in-image-recognition-market

The market is segmented on the basis of product type and end-user. Based on the product type, the market is bifurcated into hardware and software. The market for software is growing owing to the increasing demand for highly accurate facial analysis on video and images. Based on end-user, the market is segmented into automotive, BFSI, healthcare, security, and retail. Growing adoption of image recognition software for security as well as customer identification is the most common factor contributing to the growth of the BFSI segment.

A number of startups are working on image recognition technology in the country. Chatshopper is a startup in the country which is working to make search conversational in the fashion industry. The company has introduced the bot Emma which can send the product suggestions based on the shopping requests. Another startup is MotionsCloud which provides a claims solution for P&C insurers in order to streamline and automate claims processes. By the use of software, the claim cycle has been reduced to hours from days and the claim expenses can be reduced up to 75%. For this, the company is integrating mobile, AI image recognition, and video-enabled technologies into the system.

A full report of Germany Ai In Image Recognition Market is available at: https://www.omrglobal.com/industry-reports/germany-ai-in-image-recognition-market

Germany Ai In Image Recognition Market-Segmentation

By Product Type

-- Hardware

-- Software

By End-User

-- Automotive

-- BFSI

-- Healthcare

-- Security

-- Retail

Company Profiles

-- CellmatiQ GmbH

-- Fujitsu Ltd.

-- Google, LLC

-- IBM Corp.

-- Microsoft Corp.

-- MotionsCloud UG

-- Pattern Recognition Company GmbH

-- PEAT GmbH

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/germany-ai-in-image-recognition-market

Media Contact:

Company Name: Orion Market Reports

Contact Person: Mr. Anurag Tiwari

Email: info@orionmarketreports.com

Contact no: +1 646-755-7667, +91 780-304-0404

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.