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

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    Report

  • 433 Pages
  • June 2023
  • Region: Global
  • Allied Market Research
  • ID: 4744583
Description Jump to:
Image recognition technology is the process of identifying and detecting an object or a feature in a digital image or video. The field of image recognition has gained widespread acclaims in the past few years. 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 different variables in pictures with the help of artificial intelligence.

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.

Table of Contents

Chapter: 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. RESEARCH METHODOLOGY
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools & 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
3.2.3. Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. KEY PLAYER POSITIONING, 2017
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Growing use of image recognition applications
3.5.1.2. Technological advancements in facial recognition technology
3.5.1.3. Growing demand for security applications and products enabled with image recognition functions
3.5.1.4. Supportive regulations that mandate the use of image recognition solutions
3.5.2. Restraints
3.5.2.1. High initial cost of installation
3.5.3. Opportunities
3.5.3.1. Rising demand of image recognition in healthcare industry
Chapter: 4: IMAGE RECOGNITION MARKET, BY DEPLOYMENT MODE
4.1. OVERVIEW
4.2. ON PREMISE
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast, by region
4.2.4. Market analysis by country
4.3. CLOUD
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast, by region
4.3.4. Market analysis by country
Chapter: 5: IMAGE RECOGNITION MARKET, BY COMPONENT
5.1. OVERVIEW
5.2. HARDWARE
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by region
5.2.4. Market analysis by country
5.3. SOFTWARE
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by region
5.3.4. Market analysis by country
5.4. SERVICES
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast, by region
5.4.4. Market analysis by country
Chapter: 6: IMAGE RECOGNITION MARKET, BY INDUSTRY VERTICAL
6.1. OVERVIEW
6.2. IT & TELECOM
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast, by region
6.2.4. Market analysis by country
6.3. BFSI
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast, by region
6.3.4. Market analysis by country
6.4. HEALTHCARE
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast, by region
6.4.4. Market analysis by country
6.5. RETAIL
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast, by region
6.5.4. Market analysis by country
6.6. GOVERNMENT
6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast, by region
6.6.4. Market analysis by country
6.7. MEDIA & ENTERTAINMENT
6.7.1. Key market trends
6.7.2. Key growth factors and opportunities
6.7.3. Market size and forecast, by region
6.7.4. Market analysis by country
6.8. TRANSPORTATION & LOGISTICS
6.8.1. Key market trends
6.8.2. Key growth factors and opportunities
6.8.3. Market size and forecast, by region
6.8.4. Market analysis by country
6.9. MANUFACTURING
6.9.1. Key market trends
6.9.2. Key growth factors and opportunities
6.9.3. Market size and forecast, by region
6.9.4. Market analysis by country
6.10. OTHERS
6.10.1. Key market trends
6.10.2. Key growth factors and opportunities
6.10.3. Market size and forecast, by region
6.10.4. Market analysis by country
Chapter: 7: IMAGE RECOGNITION MARKET, BY TECHNOLOGY
7.1. OVERVIEW
7.2. OBJECT DETECTION
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast, by region
7.2.4. Market analysis by country
7.3. QR/BARCODE RECOGNITION
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast, by region
7.3.4. Market analysis by country
7.4. FACIAL RECOGNITION
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast, by region
7.4.4. Market analysis by country
7.5. PATTERN RECOGNITION
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast, by region
7.5.4. Market analysis by country
7.6. OPTICAL CHARACTER RECOGNITION
7.6.1. Key market trends
7.6.2. Key growth factors and opportunities
7.6.3. Market size and forecast, by region
7.6.4. Market analysis by country
Chapter: 8: IMAGE RECOGNITION MARKET, BY APPLICATION
8.1. OVERVIEW
8.2. SCANNING & IMAGING
8.2.1. Key market trends
8.2.2. Key growth factors and opportunities
8.2.3. Market size and forecast, by region
8.2.4. Market analysis by country
8.3. SECURITY & SURVEILLANCE
8.3.1. Key market trends
8.3.2. Key growth factors and opportunities
8.3.3. Market size and forecast, by region
8.3.4. Market analysis by country
8.4. IMAGE SEARCH
8.4.1. Key market trends
8.4.2. Key growth factors and opportunities
8.4.3. Market size and forecast, by region
8.4.4. Market analysis by country
8.5. AUGMENTED REALITY
8.5.1. Key market trends
8.5.2. Key growth factors and opportunities
8.5.3. Market size and forecast, by region
8.5.4. Market analysis by country
8.6. MARKETING & ADVERTISING
8.6.1. Key market trends
8.6.2. Key growth factors and opportunities
8.6.3. Market size and forecast, by region
8.6.4. Market analysis by country
Chapter: 9: IMAGE RECOGNITION MARKET, BY REGION
9.1. OVERVIEW
9.2. NORTH AMERICA
9.2.1. Key market trends
9.2.2. Key growth factors and opportunities
9.2.3. Market size and forecast
9.2.3.1. Market size and forecast, by deployment mode
9.2.3.2. Market size and forecast, by component
9.2.3.3. Market size and forecast, by industry vertical
9.2.3.4. Market size and forecast, by technology
9.2.3.5. Market size and forecast, by application
9.2.3.6. Market size and forecast, by country
9.2.3.7. U.S.
9.2.3.7.1. Market size and forecast, by deployment mode
9.2.3.7.2. Market size and forecast, by component
9.2.3.7.3. Market size and forecast, by industry vertical
9.2.3.7.4. Market size and forecast, by technology
9.2.3.7.5. Market size and forecast, by application
9.2.3.8. Canada
9.2.3.8.1. Market size and forecast, by deployment mode
9.2.3.8.2. Market size and forecast, by component
9.2.3.8.3. Market size and forecast, by industry vertical
9.2.3.8.4. Market size and forecast, by technology
9.2.3.8.5. Market size and forecast, by application
9.2.3.9. Mexico
9.2.3.9.1. Market size and forecast, by deployment mode
9.2.3.9.2. Market size and forecast, by component
9.2.3.9.3. Market size and forecast, by industry vertical
9.2.3.9.4. Market size and forecast, by technology
9.2.3.9.5. Market size and forecast, by application
9.3. EUROPE
9.3.1. Key market trends
9.3.2. Key growth factors and opportunities
9.3.3. Market size and forecast
9.3.3.1. Market size and forecast, by deployment mode
9.3.3.2. Market size and forecast, by component
9.3.3.3. Market size and forecast, by industry vertical
9.3.3.4. Market size and forecast, by technology
9.3.3.5. Market size and forecast, by application
9.3.3.6. Market size and forecast, by country
9.3.3.7. UK
9.3.3.7.1. Market size and forecast, by deployment mode
9.3.3.7.2. Market size and forecast, by component
9.3.3.7.3. Market size and forecast, by industry vertical
9.3.3.7.4. Market size and forecast, by technology
9.3.3.7.5. Market size and forecast, by application
9.3.3.8. Germany
9.3.3.8.1. Market size and forecast, by deployment mode
9.3.3.8.2. Market size and forecast, by component
9.3.3.8.3. Market size and forecast, by industry vertical
9.3.3.8.4. Market size and forecast, by technology
9.3.3.8.5. Market size and forecast, by application
9.3.3.9. France
9.3.3.9.1. Market size and forecast, by deployment mode
9.3.3.9.2. Market size and forecast, by component
9.3.3.9.3. Market size and forecast, by industry vertical
9.3.3.9.4. Market size and forecast, by technology
9.3.3.9.5. Market size and forecast, by application
9.3.3.10. Italy
9.3.3.10.1. Market size and forecast, by deployment mode
9.3.3.10.2. Market size and forecast, by component
9.3.3.10.3. Market size and forecast, by industry vertical
9.3.3.10.4. Market size and forecast, by technology
9.3.3.10.5. Market size and forecast, by application
9.3.3.11. Russia
9.3.3.11.1. Market size and forecast, by deployment mode
9.3.3.11.2. Market size and forecast, by component
9.3.3.11.3. Market size and forecast, by industry vertical
9.3.3.11.4. Market size and forecast, by technology
9.3.3.11.5. Market size and forecast, by application
9.3.3.12. Rest of Europe
9.3.3.12.1. Market size and forecast, by deployment mode
9.3.3.12.2. Market size and forecast, by component
9.3.3.12.3. Market size and forecast, by industry vertical
9.3.3.12.4. Market size and forecast, by technology
9.3.3.12.5. Market size and forecast, by application
9.4. ASIA-PACIFIC
9.4.1. Key market trends
9.4.2. Key growth factors and opportunities
9.4.3. Market size and forecast
9.4.3.1. Market size and forecast, by deployment mode
9.4.3.2. Market size and forecast, by component
9.4.3.3. Market size and forecast, by industry vertical
9.4.3.4. Market size and forecast, by technology
9.4.3.5. Market size and forecast, by application
9.4.3.6. Market size and forecast, by country
9.4.3.7. China
9.4.3.7.1. Market size and forecast, by deployment mode
9.4.3.7.2. Market size and forecast, by component
9.4.3.7.3. Market size and forecast, by industry vertical
9.4.3.7.4. Market size and forecast, by technology
9.4.3.7.5. Market size and forecast, by application
9.4.3.8. India
9.4.3.8.1. Market size and forecast, by deployment mode
9.4.3.8.2. Market size and forecast, by component
9.4.3.8.3. Market size and forecast, by industry vertical
9.4.3.8.4. Market size and forecast, by technology
9.4.3.8.5. Market size and forecast, by application
9.4.3.9. Japan
9.4.3.9.1. Market size and forecast, by deployment mode
9.4.3.9.2. Market size and forecast, by component
9.4.3.9.3. Market size and forecast, by industry vertical
9.4.3.9.4. Market size and forecast, by technology
9.4.3.9.5. Market size and forecast, by application
9.4.3.10. Singapore
9.4.3.10.1. Market size and forecast, by deployment mode
9.4.3.10.2. Market size and forecast, by component
9.4.3.10.3. Market size and forecast, by industry vertical
9.4.3.10.4. Market size and forecast, by technology
9.4.3.10.5. Market size and forecast, by application
9.4.3.11. Australia
9.4.3.11.1. Market size and forecast, by deployment mode
9.4.3.11.2. Market size and forecast, by component
9.4.3.11.3. Market size and forecast, by industry vertical
9.4.3.11.4. Market size and forecast, by technology
9.4.3.11.5. Market size and forecast, by application
9.4.3.12. South Korea
9.4.3.12.1. Market size and forecast, by deployment mode
9.4.3.12.2. Market size and forecast, by component
9.4.3.12.3. Market size and forecast, by industry vertical
9.4.3.12.4. Market size and forecast, by technology
9.4.3.12.5. Market size and forecast, by application
9.4.3.13. Rest of Asia-Pacific
9.4.3.13.1. Market size and forecast, by deployment mode
9.4.3.13.2. Market size and forecast, by component
9.4.3.13.3. Market size and forecast, by industry vertical
9.4.3.13.4. Market size and forecast, by technology
9.4.3.13.5. Market size and forecast, by application
9.5. LAMEA
9.5.1. Key market trends
9.5.2. Key growth factors and opportunities
9.5.3. Market size and forecast
9.5.3.1. Market size and forecast, by deployment mode
9.5.3.2. Market size and forecast, by component
9.5.3.3. Market size and forecast, by industry vertical
9.5.3.4. Market size and forecast, by technology
9.5.3.5. Market size and forecast, by application
9.5.3.6. Market size and forecast, by country
9.5.3.7. Latin America
9.5.3.7.1. Market size and forecast, by deployment mode
9.5.3.7.2. Market size and forecast, by component
9.5.3.7.3. Market size and forecast, by industry vertical
9.5.3.7.4. Market size and forecast, by technology
9.5.3.7.5. Market size and forecast, by application
9.5.3.8. Middle East
9.5.3.8.1. Market size and forecast, by deployment mode
9.5.3.8.2. Market size and forecast, by component
9.5.3.8.3. Market size and forecast, by industry vertical
9.5.3.8.4. Market size and forecast, by technology
9.5.3.8.5. Market size and forecast, by application
9.5.3.9. Africa
9.5.3.9.1. Market size and forecast, by deployment mode
9.5.3.9.2. Market size and forecast, by component
9.5.3.9.3. Market size and forecast, by industry vertical
9.5.3.9.4. Market size and forecast, by technology
9.5.3.9.5. Market size and forecast, by application
Chapter: 10: COMPANY PROFILES
10.1. AMAZON WEB SERVICES, INC. (AMAZON.COM, INC)
10.1.1. Company overview
10.1.2. Company snapshot
10.1.3. Product portfolio
10.1.4. Business performance
10.1.5. Key strategic moves and developments
10.2. CATCHOOM
10.2.1. Company overview
10.2.2. Product portfolio
10.2.3. Key strategic moves and developments
10.3. GOOGLE (ALPHABET INC.)
10.3.1. Company overview
10.3.2. Company snapshot
10.3.3. Operating business segments
10.3.4. Product portfolio
10.3.5. Business performance
10.3.6. Key strategic moves and developments
10.4. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
10.4.1. Company overview
10.4.2. Company snapshot
10.4.3. Operating business segments
10.4.4. Product portfolio
10.4.5. Business performance
10.4.6. Key strategic moves and developments
10.5. IMAGGA TECHNOLOGIES LTD.
10.5.1. Company overview
10.5.2. Company snapshot
10.5.3. Product portfolio
10.5.4. Key strategic moves and developments
10.6. INTEL CORPORATION
10.6.1. Company overview
10.6.2. Company snapshot
10.6.3. Operating business segments
10.6.4. Product portfolio
10.6.5. Business performance
10.6.6. Key strategic moves and developments
10.7. LTU TECHNOLOGIES
10.7.1. Company overview
10.7.2. Company snapshot
10.7.3. Product portfolio
10.8. MICROSOFT CORPORATION
10.8.1. Company overview
10.8.2. Company snapshot
10.8.3. Operating business segments
10.8.4. Product portfolio
10.8.5. Business performance
10.8.6. Key strategic moves and developments
10.9. NEC CORPORATION
10.9.1. Company overview
10.9.2. Company snapshot
10.9.3. Operating business segments
10.9.4. Product portfolio
10.9.5. Business performance
10.9.6. Key strategic moves and developments
10.10. QUALCOMM TECHNOLOGIES, INC.
10.10.1. Company overview
10.10.2. Company snapshot
10.10.3. Operating business segments
10.10.4. Product portfolio
10.10.5. Business performance
10.10.6. Key strategic moves and developments
List Of Tables
Table 01. Global Image Recognition Market Revenue, By Deployment Mode, 2017-2025($Million)
Table 02. On Premise Image Recognition Solutions Market Revenue, By Region, 2017-2025($Million)
Table 03. Cloud Based Image Recognition Solutions Market Revenue, By Region, 2017-2025($Million)
Table 04. Global Image Recognition Market Revenue, By Component , 2017-2025($Million)
Table 05. Image Recognition Market Revenue For Hardware, By Region, 2017-2025($Million)
Table 06. Image Recognition Market Revenue For Software, By Region, 2017-2025($Million)
Table 07. Image Recognition Market Revenue For Services, By Region, 2017-2025($Million)
Table 08. Global Image Recognition Market Revenue, By Industry Vertical, 2017-2025($Million)
Table 09. Global Image Recognition Market Revenue For It & Telecom , By Region, 2017-2025($Million)
Table 10. Global Image Recognition Market Revenue For Bfsi , By Region, 2017-2025($Million)
Table 11. Global Image Recognition Market Revenue For Healthcare, By Region, 2017-2025($Million)
Table 12. Global Image Recognition Market Revenue For Retail , By Region, 2017-2025($Million)
Table 13. Global Image Recognition Market Revenue For Government , By Region, 2017-2025($Million)
Table 14. Global Image Recognition Market Revenue For Media & Entertainment, By Region, 2017-2025($Million)
Table 15. Global Image Recognition Market Revenue For Transportation & Logistics, By Region, 2017-2025($Million)
Table 16. Global Image Recognition Market Revenue For Manufacturing, By Region, 2017-2025($Million)
Table 17. Global Image Recognition Market Revenue For Others, By Region, 2017-2025($Million)
Table 18. Global Image Recognition Market Revenue, By Technology , 2017-2025($Million)
Table 19. Object Detection Market Revenue, By Region, 2017-2025($Million)
Table 20. Barcode Recognition Market Revenue, By Region, 2017-2025($Million)
Table 21. Facial Recognition Market Revenue, By Region, 2017-2025($Million)
Table 22. Pattern Recognition Market Revenue, By Region, 2017-2025($Million)
Table 23. Optical Character Recognition Market Revenue, By Region, 2017-2025($Million)
Table 24. Global Image Recognition Market Revenue, By Application, 2017-2025($Million)
Table 25. Global Image Recognition Market Revenue For Scanning & Imaging , By Region, 2017-2025($Million)
Table 26. Global Image Recognition Market Revenue For Security & Survelliance, By Region, 2017-2025($Million)
Table 27. Global Image Recognition Market Revenue For Image Search , By Region, 2017-2025($Million)
Table 28. Global Image Recognition Market Revenue For Augmented Reality , By Region, 2017-2025($Million)
Table 29. Global Image Recognition Market Revenue For Marketing & Advertising , By Region, 2017-2025($Million)
Table 30. Image Recognition Market Revenue, By Region, 2017-2025($Million)
Table 31. North America Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 32. North America Image Recognition Solutions Market, By Component, 2017-2025($Million)
Table 33. North America Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 34. North America Image Recognition Market, By Technology, 2017-2025($Million)
Table 35. North America Image Recognition Market, By Application, 2017-2025($Million)
Table 36. North America Image Recognition Market, By Country, 2017-2025($Million)
Table 37. U.S. Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 38. U.S. Image Recognition Market, By Component , 2017-2025($Million)
Table 39. U.S. Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 40. U.S. Image Recognition Market, By Technology, 2017-2025($Million)
Table 41. U.S. Image Recognition Market, By Application, 2017-2025($Million)
Table 42. Canada Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 43. Canada Image Recognition Market, By Component , 2017-2025($Million)
Table 44. Canada Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 45. Canada Image Recognition Market, By Technology, 2017-2025($Million)
Table 46. Canada Image Recognition Market, By Application, 2017-2025($Million)
Table 47. Mexico Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 48. Mexico Image Recognition Market, By Component , 2017-2025($Million)
Table 49. Mexico Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 50. Mexico Image Recognition Market, By Technology, 2017-2025($Million)
Table 51. Mexico Image Recognition Market, By Application, 2017-2025($Million)
Table 52. Europe Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 53. Europe Image Recognition Solutions Market, By Component, 2017-2025($Million)
Table 54. Europe Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 55. Europe Image Recognition Market, By Technology, 2017-2025($Million)
Table 56. Europe Image Recognition Market, By Application, 2017-2025($Million)
Table 57. Europe Image Recognition Market, By Country, 2017-2025($Million)
Table 58. UK Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 59. UK Image Recognition Market, By Component , 2017-2025($Million)
Table 60. UK Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 61. UK Image Recognition Market, By Technology, 2017-2025($Million)
Table 62. UK Image Recognition Market, By Application, 2017-2025($Million)
Table 63. Germany Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 64. Germany Image Recognition Market, By Component , 2017-2025($Million)
Table 65. Germany Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 66. Germany Image Recognition Market, By Technology, 2017-2025($Million)
Table 67. Germany Image Recognition Market, By Application, 2017-2025($Million)
Table 68. France Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 69. France Image Recognition Market, By Component , 2017-2025($Million)
Table 70. France Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 71. France Image Recognition Market, By Technology, 2017-2025($Million)
Table 72. France Image Recognition Market, By Application, 2017-2025($Million)
Table 73. Italy Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 74. Italy Image Recognition Market, By Component , 2017-2025($Million)
Table 75. Italy Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 76. Italy Image Recognition Market, By Technology, 2017-2025($Million)
Table 77. Italy Image Recognition Market, By Application, 2017-2025($Million)
Table 78. Russia Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 79. Russia Image Recognition Market, By Component , 2017-2025($Million)
Table 80. Russia Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 81. Russia Image Recognition Market, By Technology, 2017-2025($Million)
Table 82. Russia Image Recognition Market, By Application, 2017-2025($Million)
Table 83. Rest Of Europe Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 84. Rest Of Europe Image Recognition Market, By Component , 2017-2025($Million)
Table 85. Rest Of Europe Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 86. Rest Of Europe Image Recognition Market, By Technology, 2017-2025($Million)
Table 87. Rest Of Europe Image Recognition Market, By Application, 2017-2025($Million)
Table 88. Asia-Pacific Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 89. Asia-Pacific Image Recognition Solutions Market, By Component, 2017-2025($Million)
Table 90. Asia-Pacific Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 91. Asia-Pacific Image Recognition Market, By Technology, 2017-2025($Million)
Table 92. Asia-Pacific Image Recognition Market, By Application, 2017-2025($Million)
Table 93. Asia-Pacific Image Recognition Market, By Country, 2017-2025($Million)
Table 94. China Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 95. China Image Recognition Market, By Component , 2017-2025($Million)
Table 96. China Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 97. China Image Recognition Market, By Technology, 2017-2025($Million)
Table 98. China Image Recognition Market, By Application, 2017-2025($Million)
Table 99. India Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 100. India Image Recognition Market, By Component , 2017-2025($Million)
Table 101. India Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 102. India Image Recognition Market, By Technology, 2017-2025($Million)
Table 103. India Image Recognition Market, By Application, 2017-2025($Million)
Table 104. Japan Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 105. Japan Image Recognition Market, By Component , 2017-2025($Million)
Table 106. Japan Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 107. Japan Image Recognition Market, By Technology, 2017-2025($Million)
Table 108. Japan Image Recognition Market, By Application, 2017-2025($Million)
Table 109. Singapore Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 110. Singapore Image Recognition Market, By Component , 2017-2025($Million)
Table 111. Singapore Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 112. Singapore Image Recognition Market, By Technology, 2017-2025($Million)
Table 113. Singapore Image Recognition Market, By Application, 2017-2025($Million)
Table 114. Australia Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 115. Australia Image Recognition Market, By Component , 2017-2025($Million)
Table 116. Australia Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 117. Australia Image Recognition Market, By Technology, 2017-2025($Million)
Table 118. Australia Image Recognition Market, By Application, 2017-2025($Million)
Table 119. South Korea Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 120. South Korea Image Recognition Market, By Component , 2017-2025($Million)
Table 121. South Korea Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 122. South Korea Image Recognition Market, By Technology, 2017-2025($Million)
Table 123. South Korea Image Recognition Market, By Application, 2017-2025($Million)
Table 124. Rest Of Asia-Pacific Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 125. Rest Of Asia-Pacific Image Recognition Market, By Component , 2017-2025($Million)
Table 126. Rest Of Asia-Pacific Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 127. Rest Of Asia-Pacific Image Recognition Market, By Technology, 2017-2025($Million)
Table 128. Rest Of Asia-Pacific Image Recognition Market, By Application, 2017-2025($Million)
Table 129. Lamea Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 130. Lamea Image Recognition Solutions Market, By Component, 2017-2025($Million)
Table 131. Lamea Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 132. Lamea Image Recognition Market, By Technology, 2017-2025($Million)
Table 133. Lamea Image Recognition Market, By Application, 2017-2025($Million)
Table 134. Lamea Image Recognition Market, By Country, 2017-2025($Million)
Table 135. Latin America Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 136. Latin America Image Recognition Market, By Component , 2017-2025($Million)
Table 137. Latin America Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 138. Latin America Image Recognition Market, By Technology, 2017-2025($Million)
Table 139. Latin America Image Recognition Market, By Application, 2017-2025($Million)
Table 140. Middle East Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 141. Middle East Image Recognition Market, By Component , 2017-2025($Million)
Table 142. Middle East Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 143. Middle East Image Recognition Market, By Technology, 2017-2025($Million)
Table 144. Middle East Image Recognition Market, By Application, 2017-2025($Million)
Table 145. Africa Image Recognition Market, By Deployment Mode, 2017-2025($Million)
Table 146. Africa Image Recognition Market, By Component , 2017-2025($Million)
Table 147. Africa Image Recognition Market, By Industry Vertical, 2017-2025($Million)
Table 148. Africa Image Recognition Market, By Technology, 2017-2025($Million)
Table 149. Africa Image Recognition Market, By Application, 2017-2025($Million)
Table 150. Amazon Web Services, Inc.: Company Snapshot
Table 151. Amazon Web Services, Inc.: Product Portfolio
Table 152. Catchoom: Company Snapshot
Table 153. Catchoom: Product Portfolio
Table 154. Google Llc: Company Snapshot
Table 155. Google Llc: Operating Segment
Table 156. Google Llc: Product Portfolio
Table 157. International Business Machines Corporation (Ibm): Company Snapshot
Table 158. International Business Machines Corporation (Ibm): Product Category
Table 159. International Business Machines Corporation (Ibm): Product Portfolio
Table 160. Imagga Technologies Ltd.: Company Snapshot
Table 161. Imagga Technologies Ltd.: Product Portfolio
Table 162. Intel Corporation: Company Snapshot
Table 163. Intel Corporation: Product Category
Table 164. Intel Corporation: Product Portfolio
Table 165. Ltu Tech.: Company Snapshot
Table 166. Ltu Tech.: Product Portfolio
Table 167. Microsoft Corporation: Company Snapshot
Table 168. Microsoft Corporation: Operating Segments
Table 169. Microsoft Corporation: Product Portfolio
Table 170. Nec Corporation: Company Snapshot
Table 171. Nec Corporation: Product Category
Table 172. Nec Corporation: Product Portfolio
Table 173. Qualcomm Technologies, Inc.: Company Snapshot
Table 174. Qualcomm Technologies, Inc.: Product Category
Table 175. Qualcomm Technologies, Inc.: Product Portfolio
List of Figures
Figure 01. Global Image Recognition Market, 2017-2025
Figure 02. Image Recognition Market, By Region, 2017-2025
Figure 03. Global Image Recognition Market: Key Players
Figure 04. Global Image Recognition Market Segmentation
Figure 05. Top Impacting Factors
Figure 06. Top Investment Pockets
Figure 07. Top Winning Strategies, By Year, 20152018*
Figure 08. Top Winning Strategies, By Development, 20152018* (%)
Figure 09. Top Winning Strategies, By Company, 20152018*
Figure 10. Bargaining Power Of Supplier
Figure 11. Bargaining Power Of Buyer
Figure 12. Threat Of Substitutes
Figure 13. Threat Of New Entrants
Figure 14. Competitive Rivalry
Figure 15. Image Recognition Market: Key Player Positioning, 2017
Figure 16. Drivers, Restraints, And Opportunities
Figure 17. Comparative Share Analysis Of On Premise Image Recognition Solutions Market, By Country, 2017 & 2025(%)
Figure 18. Comparative Share Analysis Of Cloud Based Image Recognition Solutions Market, By Country, 2017 & 2025(%)
Figure 19. Comparative Share Analysis Of Image Recognition Hardware Market, By Country, 2017 & 2025(%)
Figure 20. Comparative Share Analysis Of Image Recognition Software Market, By Country, 2017 & 2025(%)
Figure 21. Comparative Share Analysis Of Image Recognition Services Market, By Country, 2017 & 2025(%)
Figure 22. Comparative Share Analysis Of Image Recognition Market For It & Telecom, By Country, 2017 & 2025(%)
Figure 23. Comparative Share Analysis Of Image Recognition Market For Bfsi, By Country, 2017 & 2025(%)
Figure 24. Comparative Share Analysis Of Image Recognition Market For Healthcare, By Country, 2017 & 2025(%)
Figure 25. Comparative Share Analysis Of Image Recognition Market For Retail, By Country, 2017 & 2025(%)
Figure 26. Comparative Share Analysis Of Image Recognition Market For Government, By Country, 2017 & 2025(%)
Figure 27. Comparative Share Analysis Of Image Recognition Market For Media & Entertainment, By Country, 2017 & 2025(%)
Figure 28. Comparative Share Analysis Of Image Recognition Market For Transportation & Logistics, By Country, 2017 & 2025(%)
Figure 29. Comparative Share Analysis Of Image Recognition Market For Manufacturing, By Country, 2017 & 2025(%)
Figure 30. Comparative Share Analysis Of Image Recognition Market For Others, By Country, 2017 & 2025(%)
Figure 31. Comparative Share Analysis Of Object Detection Market, By Country, 2017 & 2025(%)
Figure 32. Comparative Share Analysis Of Barcode Recognition Market, By Country, 2017 & 2025(%)
Figure 33. Comparative Share Analysis Of Facial Recognition Market, By Country, 2017 & 2025(%)
Figure 34. Comparative Share Analysis Of Pattern Recognition Market, By Country, 2017 & 2025(%)
Figure 35. Comparative Share Analysis Of Optical Character Recognition Market, By Country, 2017 & 2025(%)
Figure 36. Comparative Share Analysis Of Global Image Recognition Market For Scanning & Imaging, By Country, 2017 & 2025(%)
Figure 37. Comparative Share Analysis Of Global Image Recognition Market For Security & Survelliance, By Country, 2017 & 2025(%)
Figure 38. Comparative Share Analysis Of Global Image Recognition Market For Image Search, By Country, 2017 & 2025(%)
Figure 39. Comparative Share Analysis Of Global Image Recognition Market For Augmented Reality, By Country, 2017 & 2025(%)
Figure 40. Comparative Share Analysis Of Global Image Recognition Market For Marketing & Advertising, By Country, 2017 & 2025(%)
Figure 41. U.S. Image Recognition Market, 2017-2025($Million)
Figure 42. Canada Image Recognition Market, 2017-2025($Million)
Figure 43. Mexico Image Recognition Ma

Executive Summary

According to a new report, 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.

The image recognition market is likely to experience a significant growth rate of 16.5% from 2022-2031 owing to increasing market demand from media and entertainment sector.

Image recognition refers to the process of identifying and categorizing objects, patterns, or features within digital images or photographs using advanced computer vision algorithms and machine learning techniques. It involves analyzing visual data and extracting meaningful information to make sense of the content present in an image. The technology behind image recognition enables computers or systems to understand and interpret visual data in a way similar to human perception. The benefits of image recognition are numerous and extend to various industries and applications. In the field of e-commerce, image recognition allows for improved product search and recommendation systems. It enables users to search for products by uploading images or using visual search, making the shopping experience more intuitive and convenient. Furthermore, in the healthcare sector, image recognition plays a vital role in medical imaging analysis, enabling the early detection of diseases such as cancer or abnormalities in X-rays, MRIs, and CT scans. It enhances the accuracy and efficiency of diagnosis, assisting healthcare professionals in providing timely and effective treatments. Moreover, in the automotive industry, image recognition technology is crucial for advanced driver assistance systems (ADAS) and autonomous vehicles. It enables vehicles to detect and recognize traffic signs, pedestrians, and other objects on the road, contributing to improved safety and accident prevention. In addition, image recognition also finds applications in security and surveillance systems. It aids in facial recognition, allowing for secure access control and identification purposes. It can also assist in monitoring and analyzing video footage for identifying potential threats or suspicious activities. Therefore, the advantages of image recognition technology include enhanced efficiency, accuracy, automation, and improved decision-making based on visual data. It has the potential to transform industries and create new opportunities by leveraging the power of computer vision and machine learning algorithms.

The image recognition market is driven by several factors that shape its growth, as well as certain restraints that can hinder its progress. In addition, the market presents numerous opportunities for further development. One of the major drivers of the image recognition market is the increasing adoption of artificial intelligence (AI) and machine learning technologies. AI-powered image recognition systems provide advanced capabilities, including improved accuracy, real-time analysis, and the ability to handle large datasets. This drives the demand for image recognition solutions across various industries, such as retail, healthcare, automotive, and security. Another major driver is the rising need for enhanced security and surveillance systems. Image recognition technology plays a crucial role in facial recognition, object detection, and behavior analysis, contributing to improved safety measures in public spaces, airports, and other high-security areas. The growing concerns regarding security threats and the need for efficient monitoring drive the demand for image recognition solutions. Furthermore, the proliferation of smartphones and the integration of image recognition capabilities in mobile applications also drive market growth. Visual search, augmented reality (AR), and social media filters are some examples of image recognition applications that enhance user experiences and drive consumer demand. However, the image recognition market faces certain restraints, such as privacy concerns and regulatory challenges. The use of facial recognition technology, in particular, has raised privacy concerns and sparked debates regarding data protection and ethical implications. Stricter regulations and policies may impact the adoption and deployment of image recognition systems, particularly in public spaces.

On the contrary, the image recognition market presents several opportunities. The increasing use of image recognition in healthcare, including medical imaging analysis and telemedicine, opens up avenues for growth. Additionally, the automotive industry's focus on ADAS and self-driving vehicles creates opportunities for image recognition technology to enable object detection, pedestrian recognition, and lane departure warnings. Moreover, the integration of image recognition with Internet of Things (IoT) devices and the development of edge computing capabilities offer new possibilities. Real-time analysis and decision-making at the edge enhance efficiency and reduce latency, making image recognition applicable in scenarios like smart homes, industrial automation, and smart cities. Therefore, the major drivers of the image recognition market include AI adoption, security needs, and smartphone integration, while privacy concerns and regulatory challenges act as restraints. The opportunities lie in healthcare, automotive, IoT integration, and edge computing applications.

The image recognition market is segmented on the basis of component, deployment mode, technology, application, industry vertical, and region. Based on component, it is segmented into hardware, software and services. By deployment mode, it is segmented into on-premise and cloud. According to technology, it is segmented into object recognition, QR/barcode recognition, facial recognition, pattern recognition, and optical character recognition. Based on application, it is segmented into scanning & imaging, security & surveillance, image search, augmented reality, and marketing & advertising. By industry vertical, it is segmented 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 Market Insights

  • By component, the hardware segment led the image recognition market in terms of revenue in 2022.
  • By deployment mode, the on-premise segment accounted for the highest Image recognition market share in 2022.
  • By application, the security and surveillance segment accounted for the highest Image recognition market share in 2022.
  • By technology, the object recognition segment accounted for the highest Image recognition market share in 2022.
  • By industry vertical, the media and entertainment segment accounted for the highest Image recognition market share in 2022.
  • By region, North America generated the highest revenue in 2022.

Companies Mentioned

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

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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