AI Image Recognition Market Growth, Demand, Revenue, Major Players, and Future Outlook 2029

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 purpose of this study is to provide a thorough examination of the  AI Image Recognition market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the AI Image Recognition market’s growth. The study also offers a comprehensive analysis of the market’s value chain.

Market Scope:

The research method used to assess and anticipate the AI Image Recognition market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the AI Image Recognition market was calculated using the revenue of significant enterprises.

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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 2022 and is expected to maintain its dominance over the forecast period.

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Key Players:

The major players covered in the AI Image Recognition market report are

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:

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on AI Image Recognition Market:

Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the AI Image Recognition market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the AI Image Recognition industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.

Key Questions Answered in the AI Image Recognition Market Report are:

• Which segment grabbed the largest share in the AI Image Recognition market?
• How was the competitive scenario of the AI Image Recognition market in 2020?
• Which are the key factors responsible for the AI Image Recognition market growth?
• Which region held the maximum share in the AI Image Recognition market in 2020?

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