Global Image Recognition Market size was valued at USD 38.02 Bn in 2022 and is expected to reach USD 117.56 Bn by 2029, at a CAGR of 17.5% over the forecast period.
Image Recognition Market Overview
The Image Recognition Market’s overview concentrates on particular market features, such as industry competition. The research includes detailed market revenue forecasts for the global, regional, segment, and national levels. One of the report’s main features is the sales forecasts for each region and industry.
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Image Recognition Market Report Scope and Research Methodology
To gather market data, the study’s approach used primary and secondary research methods. The researchers would have had access to first-hand market data through the use of primary research methodologies including surveys, interviews, and market observations, which is typically advantageous. The researchers may have used secondary research methods, such as industry studies, business websites, and news articles, to obtain background information and market statistics.
A market-focused and commercial analysis that considers the market’s revenue, financial status, portfolio, technological improvements, and mergers and acquisitions is utilised in the study to investigate the Image Recognition market. In order to help stakeholders, investors, and market participants develop investment and marketing strategies, this strategy helps to provide a comprehensive picture of the market.
Image Recognition Market Regional Insights
The research provides a comprehensive analysis of the industry’s growth, constraints, opportunities, and rivalry in all areas. North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the regions into which the market is divided. Together with their corresponding market projections, the research offers a thorough synopsis of the top nations in each area.
Image Recognition Market Segmentation
by Technology
Traditional Image Recognition
Deep Learning-Based Image Recognition
by Application
Object recognition
Facial recognition
Scene recognition
Optical character recognition (OCR)
Gesture recognition
Code Recognition
by Industry Vertical
Retail and E-commerce
Healthcare
Security and Surveillance
Entertainment and Media
Manufacturing and Industrial
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Image Recognition Market Key Players
North America:
1. Google (United States)
2. Amazon (United States)
3. Microsoft (United States)
4. Facebook (United States)
5. IBM (United States)
6. NVIDIA (United States)
7. Intel (United States)
8. Honeywell (United States)
9. Cognex (United States)
10. Qualcomm (United States)
Asia-Pacific:
11. SenseTime (China)
12. Hikvision (China)
13. NEC (Japan)
14. Zebra Medical Vision (Israel)
15. ViSenze (Singapore)
16. Blippar (Singapore)
17. Catchoom (Spain)
18. Slyce (Canada
Europe:
19. LTU Technologies (France)
20. Movidius (Ireland, acquired by Intel)
21. VSCO (Visual Supply Company, United Kingdom)
22. Trax (United Kingdom)
23. Vuforia (PTC, United Kingdom)
24. ImageVision (Sweden)
25. Verkada (United Kingdom)
Others:
26. Clarifai
27. Deep 6 AI
28. Pinterest
29. Snap
30. ImageWare Systems
Key questions answered in the Automotive Relay Market are:
What is Image Recognition?
What are the recent industry trends that can be implemented to generate additional revenue streams for Image Recognition Market?
Which factors are the lucrative opportunities for the Image Recognition market growth?
How is the intervention from regulatory authority is shaping the Image Recognition Market?
What growth strategies are the players considering to increase their presence in Image Recognition Market?
Who held the largest market share in Image Recognition Market?
What is the Image Recognition market size of the dominating region?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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