AI Image Recognition Market is expected to reach US $ 8.04 Bn by 2029, at a CAGR of 24.82% during the forecast period.
AI Image Recognition Market Overview:
The AI Image Recognition Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the AI Image Recognition Market, as well as the reasons for variations in the industry’s growth between regions.
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Market Scope:
After market engineering, which involved market statistics calculations, market size estimates, market forecasts, market breakdowns, and data triangulation, a significant amount of primary research was conducted to acquire data and verify and validate key figures. Throughout the market engineering process, top-down and bottom-up strategies, as well as various data triangulation processes, were frequently used to conduct market estimating and forecasting for the overall market segments and sub-segments detailed in this research. In order to give crucial information throughout the report, extensive qualitative and quantitative analysis is conducted on all data gathered during the market engineering process.
Dynamics:
The process of identifying and detecting an object or feature in a digital image or video is known as AI image recognition. In recent years, the field of image recognition has received a lot of praise. The Image Recognition System makes use of user-exchanged data from social networks, apps, and webpages. It makes use of a system that employs artificial intelligence to recognise positions, people, objects, structures, logos, and numerous factors in photos. Numerous systems, including smart photo libraries, targeted advertising, surveillance systems, toll booth control, and factory automation systems, make use of this concept.The increase in the use of high-bandwidth data services in the retail and BFSI sectors is responsible for the rise in demand for image recognition.
Segmentation:
by Product
Cloud-based
On-Premises
by Type
Hardware
Software
Services
by Application
Education
Gaming
Healthcare
Government
Aerospace & Defense
Media & Entertainment
Retail
Banking Financial Services and Insurance
Others
by End-User
Augmented Reality
Scanning & Imaging
Security & Surveillance
Marketing & Advertising
Image Search
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Key Players:
Market revenue is computed using primary and secondary research, while market leaders are identified using primary and secondary research. Key thought leaders and subject matter experts from the industry, including CEOs and marketing executives, as well as seasoned front-line workers, were interviewed in-depth for the main study. As part of the primary study, extensive interviews with significant thought leaders and business professionals, including CEOs and marketing executives and seasoned front-line staff, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. To determine market shares, growth rates, and breakdowns of the worldwide market, secondary data is used. These calculations are then cross-checked against primary data.
The biggest players in the AI Image Recognition Market are as follows:
1.IBM Corporation
2.Imagga Technologies Ltd
3.Amazon Web Services, Inc
4.Qualcomm
5.Google LLC
6.Microsoft Corporation
7.Trax Technology Solutions Pte Ltd
8.NEC Corporation
9.LTUTech
10.Ricoh Company, Ltd
11.Catchoom Technologies S.L
12.Intel Corporation
13.Honeywell International Inc
14.Hitachi, Ltd
15.Intelligence Retail
16.Slyce Acquisition Inc
17.Blippar Ltd
18.Wikitude GmbH
19.Attrasoft, Inc
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the AI Image Recognition Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
Key Questions Answered in the AI Image Recognition Market Report are:
- In 2022, which segment held the highest proportion of the AI Image Recognition Market?
- What is the AI Image Recognition Market’s competitive landscape?
- What are the primary Dynamics assisting AI Image Recognition Market growth?
- Which region has the most market share in the AI Image Recognition Market?
- What will be the AI Image Recognition Market’s CAGR throughout the projected period (2023-2029)?
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