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Image Recognition Market Analysis by Component, by Application by Deployment Mode, and by Region - Global Forecast to 2029

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    Report

  • 136 Pages
  • August 2022
  • Region: Global
  • Quintana Research and Consulting
  • ID: 5651454
The image recognition market size is estimated to be USD 28.5% million in 2021 and is expected to witness a CAGR of 17.3% during the forecast period 2022-2029. The growing market for effective and lucrative retail execution procedures that conform to compliance regulations factors contributing to the market growth. However, increasing cost of installation of image recognition services is expected to hinder the growth.

By Component

Based on component, the market is divided into software, hardware, and services. In 2021, the service segment accounted for the highest revenue share due to the increasing use of image processing software for a wide range of applications including picture editing, computer graphics, and medical imaging.

By Application

On the basis of application, the market is segregated into security & surveillance, scanning & imaging, marketing & advertising, image search, and augmented reality. In 2021, the marketing & advertising segment accounted for the highest revenue share owing to the top social media platforms integrating AI-powered picture recognition technology to enhance user experience and let marketers position advertising that is appropriate to the current context. However, many companies embraced technology to enhance existing marketing initiatives with cutting-edge branding, advertising, and client contact are supporting the market growth.

By Deployment Mode

Based on deployment mode, the market is bifurcated into on-premises and cloud. In 2021, the cloud segment accounted for the highest revenue share due to its rising popularity in industries including journalism, banking, insurance (BFSI), government, entertainment, and financial services, where centralised monitoring is necessary.

Regional Markets

In 2021, North America region accounted for the highest revenue in the image recognition market and is expected to maintain its dominance during the forecast period. This is attributed to the presence of key market players and growing adoption of new technologies.

Competitor Insights

Some of the key players operating in the image recognition market are IBM (US), Google (US), Qualcomm (US), Microsoft (US), AWS (US), Trax (Singapore),NEC Corporation (Japan), Catchoom (Spain), Slyce (US), LTU Tech (France), Vispera(Turkey), Blippar(UK), Clarifai(US), Wikitude (Austria), Huawei (China), Honeywell (US), Toshiba (Japan), Oracle (US), Trigo(Israel), INFFRD (US), AIRY3D(Canada), Standard Cognition (US), Unispectral LTD (Israel), Snap2Insight(US), restb.ai(Spain), Vize by Ximilar(Czech Republic), Mirror that Lock (US).

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including component, application, and deployment mode from 2021 to 2029.

Segmentation: Image Recognition Market Report 2021-2029

Product (Revenue, USD Million)

  • Software
  • Hardware
  • Services

By Application (Revenue, USD Million)

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

By Deployment Mode (Revenue, USD Million)

  • On-premises
  • Cloud

By Region (Revenue, USD Million)

North America

  • U.S
  • Canada

Europe

  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM

Middle East & Africa

  • South Africa
  • GCC
  • Rest of MEA

Table of Contents

1. Research Methodology
1.1.Study Objectives
1.2.Study Scope
1.3.Research Assumptions
1.4.Research Framework
1.4.1.Research Models
1.4.1.1.Bottom-up Approach
1.4.1.2.Top-down Approach
1.4.1.3.Data Triangulation
1.4.2.Data Procurement
1.4.2.1.Internal Database
1.4.2.2.Secondary Research
1.4.2.3.Purchased Database
1.4.2.4.Primary Research
1.4.3.Data Analysis
1.4.3.1.Data Validation
1.4.3.2.Market Size Estimation
1.4.3.3.Market Forecast Model
1.4.4.Quality Assessment
2. Introduction: Image Recognition
3. Executive Summary
3.1.Global Market Scenario
3.2.Segment Market Scenario
3.3.Geographic Market Scenario
3.4.COVID-19 Impact
3.5.Competitive Landscape
4. Market Dynamics
4.1.Market Drivers
4.1.1.Driver 1
4.1.2.Driver 2
4.1.3.Driver 3
4.1.4.Driver 4
4.1.5.Driver 5
4.2. Market Restraint
4.2.1.Restraint 1
4.2.2.Restraint 2
4.2.3.Restraint 3
4.2.4.Restraint 4
4.3.Market Opportunities
4.3.1.Opportunity 1
4.3.2.Opportunity 2
4.3.3.Opportunity 3
4.3.4.Opportunity 4
4.4.Market Trends
4.4.1.Trend 1
4.4.2.Trend 2
4.4.3.Trend 3
4.4.4.Trend 4
4.5.Market Challenges
4.5.1.Challenge 1
4.5.2.Challenge 2
4.5.3.Challenge 3
4.5.4.Challenge 4
5. Market Environment Analysis
5.1.Porter’s 5 Forces Analysis
5.2.PESTEL Analysis
5.3.Value Chain Analysis
5.4.SWOT Analysis
5.5.Benchmark
6. COVID-19 Impact Analysis: Image Recognition Market
6.1.COVID-19: Overview
6.2.COVID-19 Impact on the Global Market
6.3.COVID-19 Impact on the Regional Markets
7. Market Analysis by Component
7.1.Software
7.1.1.Software Market Forecast, 2021-2029 (USD Million)
7.2.Hardware
7.2.1.Hardware Market Forecast, 2021-2029 (USD Million)
7.3.Services
7.3.1.Services Market Forecast, 2021-2029 (USD Million)
8. Market Analysis by Application
8.1.Security & Surveillance
8.1.1.Security & Surveillance Market Forecast, 2021-2029 (USD Million)
8.2.Scanning & Imaging
8.2.1.Scanning & Imaging Market Forecast, 2021-2029 (USD Million)
8.3.Marketing and Advertising
8.3.1.Marketing and Advertising Market Forecast, 2021-2029 (USD Million)
8.4.Image Search
8.4.1.Image Search Market Forecast, 2021-2029 (USD Million)
8.5.Augmented Reality
8.5.1.Augmented Reality Market Forecast, 2021-2029 (USD Million)
9. Market Analysis by Deployment Mode
9.1.On-premises
9.1.1.On-premises Market Forecast, 2021-2029 (USD Million)
9.2.Cloud
9.2.1.Cloud Market Forecast, 2021-2029 (USD Million)
10. Regional Market Analysis
10.1.Regional Market Trends
10.2.Regional Market: Comparative Analysis
11. North America Image Recognition Market
11.1.North America Image Recognition Market
11.1.1.North America Market Size and Forecast, 2021-2029 (USD Million)
11.1.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
11.1.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
11.1.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
11.2.U.S. Image Recognition Market
11.2.1.U.S. Market Size and Forecast, 2021-2029 (USD Million)
11.2.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
11.2.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
11.2.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
11.3.Canada Image Recognition Market
11.3.1.Canada Market Size and Forecast, 2021-2029 (USD Million)
11.3.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
11.3.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
11.3.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
12. Europe Image Recognition Market
12.1.Europe Image Recognition Market
12.1.1.Europe Market Size and Forecast, 2021-2029 (USD Million)
12.1.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
12.1.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
12.1.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
12.2.Germany Image Recognition Market
12.2.1.Germany Market Size and Forecast, 2021-2029 (USD Million)
12.2.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
12.2.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
12.2.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
12.3.UK Image Recognition Market
12.3.1.UK Market Size and Forecast, 2021-2029 (USD Million)
12.3.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
12.3.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
12.3.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
12.4.France Image Recognition Market
12.4.1.France Market Size and Forecast, 2021-2029 (USD Million)
12.4.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
12.4.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
12.4.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
12.5.Spain Image Recognition Market
12.5.1.Spain Market Size and Forecast, 2021-2029 (USD Million)
12.5.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
12.5.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
12.5.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
12.6.Italy Image Recognition Market
12.6.1.Italy Market Size and Forecast, 2021-2029 (USD Million)
12.6.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
12.6.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
12.6.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
12.7.Rest of Europe Image Recognition Market
12.7.1.Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
12.7.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
12.7.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
12.7.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
13. Asia Pacific Image Recognition Market
13.1.Asia Pacific Image Recognition Market
13.1.1.Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
13.1.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
13.1.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
13.1.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
13.2.Japan Image Recognition Market
13.2.1.Japan Market Size and Forecast, 2021-2029 (USD Million)
13.2.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
13.2.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
13.2.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
13.3.China Image Recognition Market
13.3.1.China Market Size and Forecast, 2021-2029 (USD Million)
13.3.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
13.3.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
13.3.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
13.4.India Image Recognition Market
13.4.1.India Market Size and Forecast, 2021-2029 (USD Million)
13.4.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
13.4.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
13.4.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
13.5.South Korea Image Recognition Market
13.5.1.South Korea Market Size and Forecast, 2021-2029 (USD Million)
13.5.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
13.5.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
13.5.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
13.6.Australia Image Recognition Market
13.6.1.Australia Market Size and Forecast, 2021-2029 (USD Million)
13.6.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
13.6.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
13.6.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
13.7.Rest of Asia Pacific Image Recognition Market
13.7.1.Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
13.7.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
13.7.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
13.7.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
14. Latin America Image Recognition Market
14.1.Latin America Image Recognition Market
14.1.1.Latin America Market Size and Forecast, 2021-2029 (USD Million)
14.1.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
14.1.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
14.1.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
14.2.Brazil Image Recognition Market
14.2.1.Brazil Market Size and Forecast, 2021-2029 (USD Million)
14.2.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
14.2.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
14.2.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
14.3.Mexico Image Recognition Market
14.3.1.Mexico Market Size and Forecast, 2021-2029 (USD Million)
14.3.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
14.3.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
14.3.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
14.4.Argentina Image Recognition Market
14.4.1.Argentina Market Size and Forecast, 2021-2029 (USD Million)
14.4.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
14.4.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
14.4.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
14.5.Rest of Latin America Image Recognition Market
14.5.1.Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
14.5.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
14.5.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
14.5.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
15. MEA Image Recognition Market
15.1.MEA Image Recognition Market
15.1.1.MEA Market Size and Forecast, 2021-2029 (USD Million)
15.1.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
15.1.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
15.1.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
15.2.GCC Image Recognition Market
15.2.1.GCC Market Size and Forecast, 2021-2029 (USD Million)
15.2.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
15.2.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
15.2.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
15.3.South Africa Image Recognition Market
15.3.1.South Africa Market Size and Forecast, 2021-2029 (USD Million)
15.3.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
15.3.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
15.3.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
15.4.Rest of MEA Image Recognition Market
15.4.1.Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
15.4.1.1.Market Size and Forecast by Component, 2021-2029 (USD Million)
15.4.1.2.Market Size and Forecast by Application, 2021-2029 (USD Million)
15.4.1.3.Market Size and Forecast byDeployment Mode, 2021-2029 (USD Million)
16. Competitor Analysis
16.1.Market Share Analysis, 2021 & 2029
16.2.Competitive Mapping
16.3.Key Players Market Place Analysis
16.4.Major Recent Developments
17. Company Profiles
17.1.IBM (US)
17.1.1.Company Snapshot
17.1.2.Company Overview
17.1.3.Financials
17.1.4.Application Benchmarking
17.1.5.Recent Developments
17.2.Google (US)
17.2.1.Company Snapshot
17.2.2.Company Overview
17.2.3.Financials
17.2.4.Application Benchmarking
17.2.5.Recent Developments
17.3.Qualcomm (US)
17.3.1.Company Snapshot
17.3.2.Company Overview
17.3.3.Financials
17.3.4.Application Benchmarking
17.3.5.Recent Developments
17.4.Microsoft (US)
17.4.1.Company Snapshot
17.4.2.Company Overview
17.4.3.Financials
17.4.4.Application Benchmarking
17.4.5.Recent Developments
17.5. AWS (US)
17.5.1.Company Snapshot
17.5.2.Company Overview
17.5.3.Financials
17.5.4.Application Benchmarking
17.5.5.Recent Developments
17.6.Trax (Singapore)
17.6.1.Company Snapshot
17.6.2.Company Overview
17.6.3.Financials
17.6.4.Application Benchmarking
17.6.5.Recent Developments
17.7. NEC Corporation (Japan)
17.7.1.Company Snapshot
17.7.2.Company Overview
17.7.3.Financials
17.7.4.Application Benchmarking
17.7.5.Recent Developments
17.8.Catchoom (Spain)
17.8.1.Company Snapshot
17.8.2.Company Overview
17.8.3.Financials
17.8.4.Application Benchmarking
17.8.5.Recent Developments
17.9.Slyce (US)
17.9.1.Company Snapshot
17.9.2.Company Overview
17.9.3.Financials
17.9.4.Application Benchmarking
17.9.5.Recent Developments
17.10.LTU Tech (France)
17.10.1.Company Snapshot
17.10.2.Company Overview
17.10.3.Financials
17.10.4.Application Benchmarking
17.10.5.Recent Developments
17.11.Vispera(Turkey)
17.11.1.Company Snapshot
17.11.2.Company Overview
17.11.3.Financials
17.11.4.Component Benchmarking
17.11.5.Recent Developments
17.12.Blippar(UK)
17.12.1.Company Snapshot
17.12.2.Company Overview
17.12.3.Financials
17.12.4.Component Benchmarking
17.12.5.Recent Developments
17.13.Clarifai(US)
17.13.1.Company Snapshot
17.13.2.Company Overview
17.13.3.Financials
17.13.4.Component Benchmarking
17.13.5.Recent Developments
17.14.Wikitude (Austria)
17.14.1.Company Snapshot
17.14.2.Company Overview
17.14.3.Financials
17.14.4.Component Benchmarking
17.14.5.Recent Developments
17.15.Huawei (China)
17.15.1.Company Snapshot
17.15.2.Company Overview
17.15.3.Financials
17.15.4.Component Benchmarking
17.15.5.Recent Developments
17.16.Others Prominent Players
18. Conclusion & Recommendations

Companies Mentioned

A selection of companies mentioned in this report includes:

  • IBM (US)
  • Google (US)
  • Qualcomm (US)
  • Microsoft (US)
  • AWS (US)
  • Trax (Singapore),NEC Corporation (Japan)
  • Catchoom (Spain)
  • Slyce (US)
  • LTU Tech (France)
  • Vispera(Turkey)
  • Blippar(UK)
  • Clarifai(US)
  • Wikitude (Austria)
  • Huawei (China)
  • Honeywell (US)
  • Toshiba (Japan)
  • Oracle (US)
  • Trigo(Israel)
  • INFFRD (US)
  • AIRY3D(Canada)
  • Standard Cognition (US)
  • Unispectral LTD (Israel)
  • Snap2Insight(US)
  • restb.ai(Spain)
  • Vize by Ximilar(Czech Republic)
  • Mirror that Lock (US).