AI Image Recognition Market Overview:
The AI Image Recognition Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the AI Image Recognition Market , as well as the reasons for variations in the industry’s growth in various locations.
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Market Scope:
This research study makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and databases, to discover and collect excerpts acceptable for this study.
The market for AI image recognition is anticipated to grow at a CAGR of 24.82% from 2017 to 2029, reaching US$ 8.04 billion.
Segmentation:
The global AI image recognition market is divided into segments based on region, deployment, offering, industrial vertical, and application. Due to the growing use of cloud-based image processing solutions to secure sensitive data and support businesses’ marketing efforts, cloud-based deployment is anticipated to account for a significant portion of the market during the forecast period in 2021 and is expected to maintain its dominance over the forecast period. increased use of cloud-based solutions across a variety of industries. For instance, deep learning-powered Amazon Rekognition provides highly accurate facial search and facial analysis capabilities that may be utilised for a variety of user verification and public safety use cases for face identification, analysis, and comparison.
Key Players:
The entire method entails an examination of the key market players’ financial reports. Following the assessment of the overall market size, the market was segmented into several divisions and sub-segments and validated by key industry professionals and marketing executives. The biggest players in the AI Image Recognition Market are as follows:
• IBM Corporation
• Imagga Technologies Ltd
• Amazon Web Services, Inc
• Qualcomm
• Google LLC
• Microsoft Corporation
• Trax Technology Solutions Pte Ltd
• NEC Corporation
• LTUTech
• Ricoh Company, Ltd
• Catchoom Technologies S.L
• Intel Corporation
• Honeywell International Inc
• Hitachi, Ltd
• Intelligence Retail
• Slyce Acquisition Inc
• Blippar Ltd
• Wikitude GmbH
• Attrasoft, Inc
Regional Analysis:
The regional description of the AI Image Recognition Market analysis also contains individual market influencing variables and changes in market regulations that affect current and future market trends. Current and future trends are reviewed to evaluate the overall market potential and to identify profitable trends to get a more solid footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on AI Image Recognition Market :
End-user industries where AI Image Recognition Market are utilized had a drop in growth from January 2020 to May 2020 in some countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant fall in the revenues of businesses operating in these industries and, as a result, in demand for AI Image Recognition Market manufacturers, impacting the AI Image Recognition Market ‘s growth in 2020. With lockdowns and an increase in COVID-19 instances throughout the world, end-user business demand for AI Image Recognition Market has declined dramatically.
Key Questions Answered in the AI Image Recognition Market Report are:
- Which segment had the largest share in the AI Image Recognition Market in 2021?
- What is the competitive landscape of the AI Image Recognition Market ?
- Which are the key drivers aiding the AI Image Recognition Market growth?
- Which region has the maximum share in the AI Image Recognition Market ?
- What will be the CAGR of the AI Image Recognition Market during the forecast period (2021-2027)?
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