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The global Image Recognition Market is expected to experience significant growth due to the increasing use of high-quality cameras in smartphones and the rising demand for security applications. The market is driven by the integration of AI capabilities with image recognition solutions and the growing demand for big data analytics. However, high development costs and data privacy concerns may hinder market growth. The software segment is expected to grow at the highest CAGR, driven by the application of artificial intelligence and computer vision technologies in image recognition software.
