Image Recognition Market Report by Component (Hardware, Software, Services), Technology (Object Detection, QR/Barcode Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition, and Others), Application (Scanning and Imaging, Secu

Image Recognition Market Report by Component (Hardware, Software, Services), Technology (Object Detection, QR/Barcode Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition, and Others), Application (Scanning and Imaging, Security and Surveillance, Image Searching, Augmented Reality, Marketing and Advertising, and Others), Deployment Type (On-premises, Cloud-based), End Use Industry (BFSI, Media and Entertainment, IT and Telecom, Government, Healthcare, Transportation and Logistics, and Others), and Region 2024-2032


The global image recognition market size reached US$ 41.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 145.9 Billion by 2032, exhibiting a growth rate (CAGR) of 14.7% during 2024-2032.

Image recognition refers to a technological solution used for identifying objects, people, places and actions in images. It utilizes machine vision technologies with predefined algorithms and artificial intelligence (AI) to interpret a matrix of numerical values in a digital image. The algorithm maps out a pattern or relationship in subsequent images to improve the accuracy of the results. Some of the commonly used algorithms include Principal Component Analysis (PCA), Scale-invariant Feature Transform (SIFT) and Speeded Up Robust Features (SURF). These technologies are also used for performing machine-based visual tasks, such as labeling contents of images with meta-tags, performing image content search and guiding self-driving cars, autonomous robots and accident avoidance systems.

Image Recognition Market Trends:

Rapid digitization across industries, along with the widespread adoption of AI-based systems, are among the key factors driving the growth of the market. Furthermore, the increasing utilization of image recognition technologies for digital marketing applications is providing a thrust to the market growth. E-commerce service providers integrate their application’s programming interface with the image recognition tools to assist with the monitoring of return on investment (RoI) and enhancing brand productivity. Additionally, various technological advancements, such as the improvements in AI, big data and machine learning (ML) systems, are acting as other growth-inducing factors. This enables law enforcement agencies to run visual analytics for biometric scanning machines, pedestrian recognition and vehicle tracking. Other factors, including significant improvements in the information technology (IT) infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global image recognition market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, technology, application, deployment type and end use industry.

Breakup by Component:
  • Hardware
  • Software
  • Services
Breakup by Technology:
  • Object Detection
  • QR/Barcode Recognition
  • Facial Recognition
  • Pattern Recognition
  • Optical Character Recognition
  • Others
Breakup by Application:
  • Scanning and Imaging
  • Security and Surveillance
  • mage Searching
  • Augmented Reality
  • Marketing and Advertising
  • Others
Breakup by Deployment Type:
  • On-premises
  • Cloud-based
Breakup by End Use Industry:
  • BFSI
  • Media and Entertainment
  • T and Telecom
  • Government
  • Healthcare
  • Transportation and Logistics
  • Others
Breakup by Region:
  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Attrasoft Inc., Google LLC (Alphabet Inc.), Hitachi Ltd., Honeywell International Inc., International Business Machines Corporation, Microsoft Corporation, NEC Corporation, Qualcomm Technologies Inc. (Qualcomm Incorporated), Slyce Inc. and Wikitude GmbH.

Key Questions Answered in This Report

1. How big is the global image recognition market?

2. What is the expected growth rate of the global image recognition market during 2024-2032?

3. What are the key factors driving the global image recognition market?

4. What has been the impact of COVID-19 on the global image recognition market?

5. What is the breakup of the global image recognition market based on the component?

6. What is the breakup of the global image recognition market based on the technology?

7. What is the breakup of the global image recognition market based on the application?

8. What is the breakup of the global image recognition market based on the deployment type?

9. What is the breakup of the global image recognition market based on the end use industry?

10. What are the key regions in the global image recognition market?

11. Who are the key players/companies in the global image recognition market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Image Recognition Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Object Detection
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 QR/Barcode Recognition
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Facial Recognition
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Pattern Recognition
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Optical Character Recognition
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Application
8.1 Scanning and Imaging
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Security and Surveillance
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Image Searching
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Augmented Reality
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Marketing and Advertising
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Deployment Type
9.1 On-premises
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Cloud-based
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End Use Industry
10.1 BFSI
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Media and Entertainment
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 IT and Telecom
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Government
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Healthcare
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Transportation and Logistics
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Others
10.7.1 Market Trends
10.7.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Amazon Web Services Inc. (Amazon.com Inc.)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 SWOT Analysis
16.3.2 Attrasoft Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Google LLC (Alphabet Inc.)
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 SWOT Analysis
16.3.4 Hitachi Ltd.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Honeywell International Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 International Business Machines Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Microsoft Corporation
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 NEC Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Qualcomm Technologies Inc. (Qualcomm Incorporated)
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Slyce Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Wikitude GmbH
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials

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