Global AI Image Recognition Market to Reach $8.8 Billion by 2030
The global market for AI Image Recognition estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$8.8 Billion by 2030, growing at a CAGR of 20.2% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 21.1% CAGR and reach US$4.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 20.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $588.9 Million, While China is Forecast to Grow at 19.2% CAGR
The AI Image Recognition market in the U.S. is estimated at US$588.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 19.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.6% CAGR.Select Competitors (Total 14 Featured) -
- Amazon Web Services, Inc.
- Clarifai, Inc.
- Google LLC
- IBM Corporation
- Intel Corporation
- Micron Technology, Inc.
- Microsoft Corporation
- NVIDIA Corporation
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- Xilinx Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon Web Services, Inc.
- Clarifai, Inc.
- Google LLC
- IBM Corporation
- Intel Corporation
- Micron Technology, Inc.
- Microsoft Corporation
- NVIDIA Corporation
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- Xilinx Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 182 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 2 Billion |
Forecasted Market Value ( USD | $ 8.8 Billion |
Compound Annual Growth Rate | 20.3% |
Regions Covered | Global |