Image Recognition Market Projected to Register 21.8% CAGR to 2025 | IBM Corporation, Imagga Technologies, Amazon Web Services, Qualcomm Incorporated, Google, Microsoft Corporation, NEC Corporation, Intel Corporation

Image Recognition Market

Image recognition technology detects and identifies objects and features in a digital image and works with the help of various types of algorithms, such as pattern matching and gradient matching, optical character recognition, and face recognition. It has numerous applications such as publishing, traffic management, advertising, e-commerce, and security. Image recognition system uses the data shared by users through various platforms such as social networks, apps, and websites. It uses a technology that detects places, people, items, buildings, logos, and various variables in image with the help of artificial intelligence. Companies are using huge digital data to bring better and niftier facilities to customers. Image recognition is used to perform several machine-based visual tasks, which include performing image content search and guiding autonomous robots, labeling the content of images with meta-tags, self-driving cars, and accident avoidance systems, and others. The market is driven by factors such as ongoing technological advancements in image recognition and rise in demand for image recognition applications in media, retail, and marketing. The global image recognition market was valued at $17,911 million in 2017, and is projected to reach $86,001 million by 2025, growing at a CAGR of 21.8% from 2018 to 2025.

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Key Players of Image Recognition Market:
IBM Corporation, Imagga Technologies, Amazon Web Services, Qualcomm Incorporated, Google, Microsoft Corporation, NEC Corporation, LTU technologies, Catchoom Technologies S.L., and Intel Corporation.

Global Image Recognition Market Analysis to 2025 is a specialized and in-depth study of the Image Recognition industry with a focus on the global market trend. The report aims to provide an overview of global Image Recognition Market with detailed market segmentation by product/application and geography. Image Recognition Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period.

The global image recognition market is segmented based on deployment mode, component, industry verticals, technology, applications, and regions. Based on deployment mode, the market is bifurcated into cloud and on premise. In terms of component, the market is categorized into hardware, software, and service. In terms of industry vertical, the market is classified into IT & telecom, BFSI, healthcare, retail, government, media & entertainment, transportation & logistics, manufacturing, and others. Based on technology, the market is segmented into object detection, QR/barcode recognition, facial recognition, pattern recognition, and optical character recognition. Based on application, scanning & imaging, security & surveillance, image search, augmented reality, marketing & advertisement. Based on the region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Benefits:

  1. The study provides an in-depth analysis of the global image recognition market and current & future trends to elucidate the imminent investment pockets.
  2. Information about key drivers, restraints, and opportunities and their impact analyses on the market is provided.
  3. Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the global image recognition industry.
  4. The quantitative analysis of the global image recognition market from 2017 to 2025 is provided to determine the market potential.

Table of Contents:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Image Recognition Market, By Deployment Mode
Chapter 5 Image Recognition Market, By Component
Chapter 6 Image Recognition Market, By Industry Vertical
Chapter 7 Image Recognition Market, By Technology
Chapter 8 Image Recognition Market, By Application
Chapter 9 Image Recognition Market, By Region
Chapter 10 Company Profiles

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