Image Recognition Market, By Deployment (On-Premise and Cloud), By End User (BFSI, Media and Entertainment, Retail and E-commerce, IT and Telecom, Government, Healthcare, Transportation and Logistics, and Others), By Component (Software, Hardware, Impleme

Image Recognition Market, By Deployment (On-Premise and Cloud), By End User (BFSI, Media and Entertainment, Retail and E-commerce, IT and Telecom, Government, Healthcare, Transportation and Logistics, and Others), By Component (Software, Hardware, Implementation, Services, Consulting and Training, and Maintenance and Support), By Technology (Security and Surveillance, Scanning and Imaging, Augmented Reality, Image Search, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)


Image recognition refers to the process of identifying and detecting objects, locations and concepts within digital images. Recent advancements in deep learning and machine learning have enabled faster and more accurate image recognition. Image recognition market has witnessed significant growth over the past few years, due to growing adoption of image recognition techniques across various end-use industries such as retail, healthcare, automotive and transportation. Rising need for quality inspection and automation also boosts demand for image recognition systems globally.

Market Dynamics

Image recognition market growth is driven by several factors such as increasing penetration of AI and machine learning technologies, growth of digitalization across industries, rising need for automation and quality control. However, high implementation costs and concerns around data privacy and security can hamper the market growth. Adoption of cloud-based image recognition solutions and integration of image recognition in IoT devices and embedded systems presents tremendous opportunities for market players.

Key Features of the Study
  • This report provides in-depth analysis of the global image recognition market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global image recognition market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Amazon Web Services, V7Labs, NEC Corporation, NVIDIA Corporation, Slyce Acquisition Inc., and Clarifai Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • Global image recognition market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global image recognition market
Market Segmentation

By Deployment Insights (Revenue, USD Bn, 2019 - 2031)
  • On-Premise
  • Cloud
  • By End User Insights (Revenue, USD Bn, 2019 - 2031)
  • BFSI
  • Media and Entertainment
  • Retail and E-commerce
  • IT and Telecom
  • Government
  • Healthcare
  • Transportation and Logistics
  • Others
  • By Component Insights (Revenue, USD Bn, 2019 - 2031)
  • Software
  • Hardware
  • Implementation
  • Services
  • Consulting and Training
  • Maintenance and Support
  • By Technology Insights (Revenue, USD Bn, 2019 - 2031)
  • Security and Surveillance
  • Scanning and Imaging
  • Augmented Reality
  • Image Search
  • Others
  • Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • Amazon Web Services (AWS) Inc.
  • V7Labs
  • NEC Corporation
  • NVIDIA Corporation
  • Slyce Acquisition Inc.
  • Clarifai, Inc.
  • Google LLC
  • Blippar Ltd.
  • Toshiba Corporation
  • Huawei Cloud


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Image Recognition Market, By Deployment
Image Recognition Market, By End User
Image Recognition Market, By Component
Image Recognition Market, By Technology
Image Recognition Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
Key Developments
Industry Trends
4. Image Recognition Market, By Deployment, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
On-Premise
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
Cloud
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
5. Image Recognition Market, By End User, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
BFSI
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Media and Entertainment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Retail and E-commerce
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
IT and Telecom
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Government
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Transportation and Logistics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Image Recognition Market, By Component, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Hardware
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Software
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Implementation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Consulting and Training
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Maintenance and Support
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Image Recognition Market, By Technology, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Security and Surveillance
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Scanning and Imaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Augmented Reality
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Image Search
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
8. Image Recognition Market, By Region, 2019 - 2031, (USD Bn)
Introduction
Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
Market Y-o-Y Growth Analysis (%), 2020 - 2031, (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Deployment, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Deployment, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Deployment, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Deployment, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Deployment, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Deployment, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Component, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
South Africa
North Africa
Central Africa
9. Competitive Landscape
Amazon Web Services (AWS) Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
V7Labs
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
NEC Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
NVIDIA Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Slyce Acquisition Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Clarifai, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Google LLC
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Blippar Ltd.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Toshiba Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Huawei Cloud
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
10. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. References and Research Methodology
References
Research Methodology
About us
*Browse 32 market data tables and 28 figures on 'Image Recognition Market' - Global forecast to 2031

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