Image Recognition Market, By Deployment, By End User, By Component, By Technology, By Geography

Description

Global image recognition market is estimated to be valued at US$ 46.11 Bn in 2024 and is expected to reach US$ 124.90 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 15.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	46.11 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	15.30%	2031 Value Projection:	124.90 Bn

Figure. Image Recognition Market Share (%), By Region 2024

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

Product Code: CMI7505

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
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