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The European AI in image recognition market is estimated to grow at a CAGR of over 27% during the forecast period. Europe has a huge potential for the growth of AI owing to an advanced economy and significant investment.
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Orion Market Research European AI in Image Recognition Market, Size, Share, Analysis Report & Forecast to 2025 To Market: https://www.omrglobal.com/request-sample/european-ai-in-image-recognition-market Request a Sample of our Report on European AI in Image Recognition Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404
The European AI in image recognition market is estimated to grow at a CAGR of over 27% during the forecast period. Europe has a huge potential for the growth of AI owing to an advanced economy and significant investment. The EU launched its research and innovation program as Horizon 2020 in 2014. It has nearly $105 billion in funding available for 7 years (2014-2020). It will consist of around $800 million funding for robotics and around $2.5 billion investment is expected from the industry. Significant funding for AI is also provided in Horizon 2020. Around $140 million is for Human Brain Project, $285 million for big data & data analytics, $25 million for IoT pilot on autonomous vehicle and AI-on-Demand Platform individually. (Get 15% Discount on Buying this Report) A full Report of European AI in Image Recognition Market at: https://www.omrglobal.com/industry- reports/european-ai-in-image-recognition-market A major restraint to the market is the future implementation of strict government regulations over the usage of facial recognition data in order to maintain the privacy of the citizens. By the implementation of the law, the citizen will get information about when and how their data were used. Belgium, UK, Sweden are among the countries which can take this kind of action in the near future. 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. To Request a Sample of our Report Market: https://www.omrglobal.com/request-sample/european-ai-in-image-recognition-market on European AI in Image Recognition European AI in Image Recognition Market Segmentation By Product Type •Hardware •Software By End-User •Automotive •Banking, financial services and insurance (BFSI) •Healthcare •Security •Retail Regional Analysis •UK •Germany •Italy •Spain •France Rest of Europe
Company Profiles •CellmatiQ GmbH •Cortexica Vision Systems, Ltd. •FiveAI Ltd. •Fujitsu Ltd. •Google, LLC •IBM Corp. •Intel Corp. •Microsoft Corp. •MotionsCloud UG •NVIDIA Corp. •Pattern Recognition Company GmbH •PEAT GmbH •Pixelabs Reasons to Buying From us – 1. We cover more than 15 major industries, further segmented into more than 90 sectors. 2. More than 120 countries are for analysis. 3. Over 100+ paid data sources mined for investigation. 4. Our expert research analysts answer all your questions before and after purchasing your report. For https://www.omrglobal.com/report-customization/european-ai-in-image-recognition-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. More Customized Data, Request for Report Customization @ For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 7803040404