Image Recognition Market By Component, By Deployment Mode, By Technology, By Application, By Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Image Recognition Market," The image recognition market was valued at $28.3 billion in 2022, and is estimated to reach $126.8 billion by 2032, growing at a CAGR of 16.5% from 2023 to 2032.

Increase in applications of image recognition in the healthcare sector has emerged as a significant driver of the image recognition market, revolutionizing the way medical professionals diagnose and treat patients. With the advancement of technology, image recognition techniques have become increasingly accurate and efficient, allowing healthcare providers to analyze medical images such as X-rays, MRIs, and CT scans with unprecedented precision. Furthermore, increase in automation is acting as a significant driver for the image recognition market, as businesses and industries strive for enhanced efficiency and productivity, automation has become a crucial strategy.

In addition, advancements in deep learning and computer vision significantly contribute toward the growth of the market, thus revolutionizing the way machines perceive and understand visual information. This technology has significantly enhanced image recognition capabilities, enabling systems to accurately identify and categorize objects, scenes, and even subtle details within images. However, data availability hampers the growth of the market due to increase in privacy concerns, legal regulations, and proprietary limitations. Some image data may be protected by privacy laws, making it difficult to access or use for training purposes.

Hence, intellectual property rights or proprietary restrictions may prevent the sharing or utilization of certain data sets, limiting the availability of valuable resources for training image recognition systems. Moreover, the concerns about the security of image databases and the risk of data breaches have further the hampered market growth. On the contrary, technological advancements in cloud computing have revolutionized the image recognition market, providing opportunities for businesses to leverage the power of the cloud for processing, analyzing, and understanding visual data.

The global image recognition market is segmented into component, deployment mode, technology, application, industry vertical, and region. Depending on component, the market is segregated into hardware, software, and services. By deployment mode, it is bifurcated into on-premise and cloud. According to technology, it is categorized into object recognition, QR/barcode recognition, facial recognition, pattern recognition, and optical character recognition. By application, it is fragmented into scanning & imaging, security & surveillance, image search, augmented reality, and marketing & advertising. On the basis of industry vertical, it is categorized into IT & telecom, BFSI, healthcare, retail & e-commerce, government, media & entertainment, transportation & logistics, manufacturing, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in image recognition market such as Amazon Web Services, INC., Catchtoom, Google, IBM, Imagga technologies ltd, Intel Corporation, LTU technologies, Microsoft Corporation, NEC Corporation, and Oracle. These players have adopted various strategies to increase their market penetration and strengthen their position in the image recognition industry.

Key Benefits for Stakeholders

The study provides in-depth analysis of the global image recognition market along with the current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the global image recognition market size are provided in the report.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global image recognition market from 2022 to 2032 is provided to determine the market potential.

Key Market Segments

By Component

Hardware
Software
Service

By Deployment Mode

On-premise
Cloud

By Technology

Object Recognition
QR/Barcode Recognition
Facial Recognition
Pattern Recognition
Optical Character Recognition

By Application

Scanning and Imaging
Security and Surveillance
Image Search
Augmented Reality
Marketing and Advertising

By Industry Vertical

IT and Telecom
BFSI
Healthcare
Retail and E-commerce
Government
Media and Entertainment
Transportation and Logistics
Manufacturing
Others

By Region

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Amazon Web Services, Inc.
Catchtoom
Google LLC
IBM
Imagga Technologies Ltd.
Intel Corporation.
LTU Technologies, Inc.
Microsoft Corporation
NEC CORPORATION
Oracle Corporation.

Product Code: A04713

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Advancements in deep learning and computer vision
  - 3.4.1.2. Increase in applications in the healthcare sector
  - 3.4.1.3. Surge in demand for automation

3.4.2. Restraints
- 3.4.2.1. Low quality data and availability
- 3.4.2.2. Privacy and security concerns

3.4.3. Opportunities
- 3.4.3.1. Technological advancements in cloud computing

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: IMAGE RECOGNITION MARKET, BY COMPONENT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Hardware
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Software
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Service
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: IMAGE RECOGNITION MARKET, BY DEPLOYMENT MODE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. On-premise
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: IMAGE RECOGNITION MARKET, BY TECHNOLOGY

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Object Recognition
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. QR/Barcode Recognition
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Facial Recognition
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Pattern Recognition
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Optical Character Recognition
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country

CHAPTER 7: IMAGE RECOGNITION MARKET, BY APPLICATION

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Scanning and Imaging
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Security and Surveillance
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Image Search
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
7.5. Augmented Reality
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
7.6. Marketing and Advertising
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country

CHAPTER 8: IMAGE RECOGNITION MARKET, BY INDUSTRY VERTICAL

8.1. Overview
- 8.1.1. Market size and forecast
8.2. IT and Telecom
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by region
- 8.2.3. Market share analysis by country
8.3. BFSI
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by region
- 8.3.3. Market share analysis by country
8.4. Healthcare
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by region
- 8.4.3. Market share analysis by country
8.5. Retail and E-commerce
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by region
- 8.5.3. Market share analysis by country
8.6. Government
- 8.6.1. Key market trends, growth factors and opportunities
- 8.6.2. Market size and forecast, by region
- 8.6.3. Market share analysis by country
8.7. Media and Entertainment
- 8.7.1. Key market trends, growth factors and opportunities
- 8.7.2. Market size and forecast, by region
- 8.7.3. Market share analysis by country
8.8. Transportation and Logistics
- 8.8.1. Key market trends, growth factors and opportunities
- 8.8.2. Market size and forecast, by region
- 8.8.3. Market share analysis by country
8.9. Manufacturing
- 8.9.1. Key market trends, growth factors and opportunities
- 8.9.2. Market size and forecast, by region
- 8.9.3. Market share analysis by country
8.10. Others
- 8.10.1. Key market trends, growth factors and opportunities
- 8.10.2. Market size and forecast, by region
- 8.10.3. Market share analysis by country

CHAPTER 9: IMAGE RECOGNITION MARKET, BY REGION

9.1. Overview
- 9.1.1. Market size and forecast By Region
9.2. North America
- 9.2.1. Key trends and opportunities
- 9.2.2. Market size and forecast, by Component
- 9.2.3. Market size and forecast, by Deployment Mode
- 9.2.4. Market size and forecast, by Technology
- 9.2.5. Market size and forecast, by Application
- 9.2.6. Market size and forecast, by Industry Vertical
- 9.2.7. Market size and forecast, by country
  - 9.2.7.1. U.S.
  - 9.2.7.1.1. Key market trends, growth factors and opportunities
  - 9.2.7.1.2. Market size and forecast, by Component
  - 9.2.7.1.3. Market size and forecast, by Deployment Mode
  - 9.2.7.1.4. Market size and forecast, by Technology
  - 9.2.7.1.5. Market size and forecast, by Application
  - 9.2.7.1.6. Market size and forecast, by Industry Vertical
  - 9.2.7.2. Canada
  - 9.2.7.2.1. Key market trends, growth factors and opportunities
  - 9.2.7.2.2. Market size and forecast, by Component
  - 9.2.7.2.3. Market size and forecast, by Deployment Mode
  - 9.2.7.2.4. Market size and forecast, by Technology
  - 9.2.7.2.5. Market size and forecast, by Application
  - 9.2.7.2.6. Market size and forecast, by Industry Vertical
9.3. Europe
- 9.3.1. Key trends and opportunities
- 9.3.2. Market size and forecast, by Component
- 9.3.3. Market size and forecast, by Deployment Mode
- 9.3.4. Market size and forecast, by Technology
- 9.3.5. Market size and forecast, by Application
- 9.3.6. Market size and forecast, by Industry Vertical
- 9.3.7. Market size and forecast, by country
  - 9.3.7.1. UK
  - 9.3.7.1.1. Key market trends, growth factors and opportunities
  - 9.3.7.1.2. Market size and forecast, by Component
  - 9.3.7.1.3. Market size and forecast, by Deployment Mode
  - 9.3.7.1.4. Market size and forecast, by Technology
  - 9.3.7.1.5. Market size and forecast, by Application
  - 9.3.7.1.6. Market size and forecast, by Industry Vertical
  - 9.3.7.2. Germany
  - 9.3.7.2.1. Key market trends, growth factors and opportunities
  - 9.3.7.2.2. Market size and forecast, by Component
  - 9.3.7.2.3. Market size and forecast, by Deployment Mode
  - 9.3.7.2.4. Market size and forecast, by Technology
  - 9.3.7.2.5. Market size and forecast, by Application
  - 9.3.7.2.6. Market size and forecast, by Industry Vertical
  - 9.3.7.3. France
  - 9.3.7.3.1. Key market trends, growth factors and opportunities
  - 9.3.7.3.2. Market size and forecast, by Component
  - 9.3.7.3.3. Market size and forecast, by Deployment Mode
  - 9.3.7.3.4. Market size and forecast, by Technology
  - 9.3.7.3.5. Market size and forecast, by Application
  - 9.3.7.3.6. Market size and forecast, by Industry Vertical
  - 9.3.7.4. Italy
  - 9.3.7.4.1. Key market trends, growth factors and opportunities
  - 9.3.7.4.2. Market size and forecast, by Component
  - 9.3.7.4.3. Market size and forecast, by Deployment Mode
  - 9.3.7.4.4. Market size and forecast, by Technology
  - 9.3.7.4.5. Market size and forecast, by Application
  - 9.3.7.4.6. Market size and forecast, by Industry Vertical
  - 9.3.7.5. Spain
  - 9.3.7.5.1. Key market trends, growth factors and opportunities
  - 9.3.7.5.2. Market size and forecast, by Component
  - 9.3.7.5.3. Market size and forecast, by Deployment Mode
  - 9.3.7.5.4. Market size and forecast, by Technology
  - 9.3.7.5.5. Market size and forecast, by Application
  - 9.3.7.5.6. Market size and forecast, by Industry Vertical
  - 9.3.7.6. Rest of Europe
  - 9.3.7.6.1. Key market trends, growth factors and opportunities
  - 9.3.7.6.2. Market size and forecast, by Component
  - 9.3.7.6.3. Market size and forecast, by Deployment Mode
  - 9.3.7.6.4. Market size and forecast, by Technology
  - 9.3.7.6.5. Market size and forecast, by Application
  - 9.3.7.6.6. Market size and forecast, by Industry Vertical
9.4. Asia-Pacific
- 9.4.1. Key trends and opportunities
- 9.4.2. Market size and forecast, by Component
- 9.4.3. Market size and forecast, by Deployment Mode
- 9.4.4. Market size and forecast, by Technology
- 9.4.5. Market size and forecast, by Application
- 9.4.6. Market size and forecast, by Industry Vertical
- 9.4.7. Market size and forecast, by country
  - 9.4.7.1. China
  - 9.4.7.1.1. Key market trends, growth factors and opportunities
  - 9.4.7.1.2. Market size and forecast, by Component
  - 9.4.7.1.3. Market size and forecast, by Deployment Mode
  - 9.4.7.1.4. Market size and forecast, by Technology
  - 9.4.7.1.5. Market size and forecast, by Application
  - 9.4.7.1.6. Market size and forecast, by Industry Vertical
  - 9.4.7.2. Japan
  - 9.4.7.2.1. Key market trends, growth factors and opportunities
  - 9.4.7.2.2. Market size and forecast, by Component
  - 9.4.7.2.3. Market size and forecast, by Deployment Mode
  - 9.4.7.2.4. Market size and forecast, by Technology
  - 9.4.7.2.5. Market size and forecast, by Application
  - 9.4.7.2.6. Market size and forecast, by Industry Vertical
  - 9.4.7.3. India
  - 9.4.7.3.1. Key market trends, growth factors and opportunities
  - 9.4.7.3.2. Market size and forecast, by Component
  - 9.4.7.3.3. Market size and forecast, by Deployment Mode
  - 9.4.7.3.4. Market size and forecast, by Technology
  - 9.4.7.3.5. Market size and forecast, by Application
  - 9.4.7.3.6. Market size and forecast, by Industry Vertical
  - 9.4.7.4. Australia
  - 9.4.7.4.1. Key market trends, growth factors and opportunities
  - 9.4.7.4.2. Market size and forecast, by Component
  - 9.4.7.4.3. Market size and forecast, by Deployment Mode
  - 9.4.7.4.4. Market size and forecast, by Technology
  - 9.4.7.4.5. Market size and forecast, by Application
  - 9.4.7.4.6. Market size and forecast, by Industry Vertical
  - 9.4.7.5. South Korea
  - 9.4.7.5.1. Key market trends, growth factors and opportunities
  - 9.4.7.5.2. Market size and forecast, by Component
  - 9.4.7.5.3. Market size and forecast, by Deployment Mode
  - 9.4.7.5.4. Market size and forecast, by Technology
  - 9.4.7.5.5. Market size and forecast, by Application
  - 9.4.7.5.6. Market size and forecast, by Industry Vertical
  - 9.4.7.6. Rest of Asia-Pacific
  - 9.4.7.6.1. Key market trends, growth factors and opportunities
  - 9.4.7.6.2. Market size and forecast, by Component
  - 9.4.7.6.3. Market size and forecast, by Deployment Mode
  - 9.4.7.6.4. Market size and forecast, by Technology
  - 9.4.7.6.5. Market size and forecast, by Application
  - 9.4.7.6.6. Market size and forecast, by Industry Vertical
9.5. LAMEA
- 9.5.1. Key trends and opportunities
- 9.5.2. Market size and forecast, by Component
- 9.5.3. Market size and forecast, by Deployment Mode
- 9.5.4. Market size and forecast, by Technology
- 9.5.5. Market size and forecast, by Application
- 9.5.6. Market size and forecast, by Industry Vertical
- 9.5.7. Market size and forecast, by country
  - 9.5.7.1. Latin America
  - 9.5.7.1.1. Key market trends, growth factors and opportunities
  - 9.5.7.1.2. Market size and forecast, by Component
  - 9.5.7.1.3. Market size and forecast, by Deployment Mode
  - 9.5.7.1.4. Market size and forecast, by Technology
  - 9.5.7.1.5. Market size and forecast, by Application
  - 9.5.7.1.6. Market size and forecast, by Industry Vertical
  - 9.5.7.2. Middle East
  - 9.5.7.2.1. Key market trends, growth factors and opportunities
  - 9.5.7.2.2. Market size and forecast, by Component
  - 9.5.7.2.3. Market size and forecast, by Deployment Mode
  - 9.5.7.2.4. Market size and forecast, by Technology
  - 9.5.7.2.5. Market size and forecast, by Application
  - 9.5.7.2.6. Market size and forecast, by Industry Vertical
  - 9.5.7.3. Africa
  - 9.5.7.3.1. Key market trends, growth factors and opportunities
  - 9.5.7.3.2. Market size and forecast, by Component
  - 9.5.7.3.3. Market size and forecast, by Deployment Mode
  - 9.5.7.3.4. Market size and forecast, by Technology
  - 9.5.7.3.5. Market size and forecast, by Application
  - 9.5.7.3.6. Market size and forecast, by Industry Vertical

CHAPTER 10: COMPETITIVE LANDSCAPE

10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Top player positioning, 2022

CHAPTER 11: COMPANY PROFILES

11.1. Amazon Web Services, Inc.
- 11.1.1. Company overview
- 11.1.2. Key Executives
- 11.1.3. Company snapshot
- 11.1.4. Operating business segments
- 11.1.5. Product portfolio
- 11.1.6. Business performance
- 11.1.7. Key strategic moves and developments
11.2. Catchtoom
- 11.2.1. Company overview
- 11.2.2. Key Executives
- 11.2.3. Company snapshot
- 11.2.4. Operating business segments
- 11.2.5. Product portfolio
- 11.2.6. Key strategic moves and developments
11.3. Google LLC
- 11.3.1. Company overview
- 11.3.2. Key Executives
- 11.3.3. Company snapshot
- 11.3.4. Operating business segments
- 11.3.5. Product portfolio
- 11.3.6. Business performance
11.4. IBM
- 11.4.1. Company overview
- 11.4.2. Key Executives
- 11.4.3. Company snapshot
- 11.4.4. Operating business segments
- 11.4.5. Product portfolio
- 11.4.6. Business performance
11.5. Imagga Technologies Ltd.
- 11.5.1. Company overview
- 11.5.2. Key Executives
- 11.5.3. Company snapshot
- 11.5.4. Operating business segments
- 11.5.5. Product portfolio
11.6. Intel Corporation.
- 11.6.1. Company overview
- 11.6.2. Key Executives
- 11.6.3. Company snapshot
- 11.6.4. Operating business segments
- 11.6.5. Product portfolio
- 11.6.6. Business performance
- 11.6.7. Key strategic moves and developments
11.7. LTU Technologies, Inc.
- 11.7.1. Company overview
- 11.7.2. Key Executives
- 11.7.3. Company snapshot
- 11.7.4. Operating business segments
- 11.7.5. Product portfolio
11.8. Microsoft Corporation
- 11.8.1. Company overview
- 11.8.2. Key Executives
- 11.8.3. Company snapshot
- 11.8.4. Operating business segments
- 11.8.5. Product portfolio
- 11.8.6. Business performance
11.9. NEC CORPORATION
- 11.9.1. Company overview
- 11.9.2. Key Executives
- 11.9.3. Company snapshot
- 11.9.4. Operating business segments
- 11.9.5. Product portfolio
- 11.9.6. Business performance
- 11.9.7. Key strategic moves and developments
11.10. Oracle Corporation.
- 11.10.1. Company overview
- 11.10.2. Key Executives
- 11.10.3. Company snapshot
- 11.10.4. Operating business segments
- 11.10.5. Product portfolio
- 11.10.6. Business performance
- 11.10.7. Key strategic moves and developments