Pune, India, Dec. 21, 2021 (GLOBE NEWSWIRE) — The global image recognition market size is projected to reach USD 86.32 billion by 2027, exhibiting a CAGR of 17.6% during the forecast period. Active adoption of facial recognition technologies to screen people amid the current COVID-19 pandemic is ensuring stable growth of the market, observes Fortune Business Insights™ in its report, titled “Image Recognition Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Technology (Code Recognition, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition), By Application (Scanning and Imaging, Security and Surveillance, Image Search, Augmented Reality, Marketing and Advertising), By Deployment (On-Premise, Cloud), By End User (BFSI, Media and Entertainment, Retail and Consumer Goods, IT and Telecommunication, Government, Healthcare, Transportation and Logistics, and Others), and Regional Forecast, 2020-2027”.
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With social distancing measures being aggressively imposed by most countries, governments and private sector organizations are rapidly deploying face recognition tools to screen and identify individuals. In India, for instance, Arvi, a health tech start-up, introduced contactless thermal scanning kiosks in June 2020, which use facial recognition tools…
