Image recognition Market Analysis, Forecasts Research, Top Manufacturers and Outlook 2028
Image recognition Market includes an exhaustive analysis of their product profiles to explore the products and applications.
SURREY, BC, CANADA, October 20, 2021 /EINPresswire.com/ — The global image recognition market size is expected to reach USD 80.29 Billion at a steady CAGR of 15.3% in 2028, according to latest analysis by Emergen Research. Increasing usage of smartphones globally and rising adoption of Virtual Reality (VR) and Augmented Reality (AR) are key factors driving growth of the global image recognition market.
Image recognition applications include targeted advertising, smart photo libraries, accessibility for the visually impaired, media interactivity, and enhanced research capabilities. Google, Microsoft, Facebook, Pinterest, and Apple are investing in resources and research into image recognition and related applications. Improper data storage, security breaches, and misuse of facial recognition data are some of the primary concerns related to image recognition technology, which could limit adoption in several areas.
The report relies on advanced primary and secondary research methodologies to assess information. The data for the study is gathered from reliable and trustworthy sources, ensuring the authenticity and accuracy of the research study. We also employ qualitative and quantitative analysis to deliver a comprehensive and all-encompassing research study on the global Image recognition market. The report also comprises of SWOT analysis, PESTLE analysis, and Porter’s Five Forces Model analysis, to offer the reader with a complete and all-inclusive study of crucial segments of the global Image recognition market.
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North America accounted for largest revenue share in 2020 due to high level of integration of AI in e-commerce and digital shopping. Companies in the region are quick to adopt advanced technologies such as AI, deep learning, and cloud-based technologies, which is propelling growth of the market.
Key players in the market include IBM Corporation, Qualcomm, Honeywell, Toshiba, Microsoft, Huawei, Oracle, NEC Corporation, Catchoom, and Slyce.
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
The global Image recognition market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one that’s better than others.
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Report Objectives
Examine the size of the global Image recognition market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Image recognition market.
Explore the underlying dynamics of the global Image recognition market.
Highlight significant trends of the global Image recognition market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Image recognition market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Image recognition market.
Forecast the market size and share of all segments and regions in the global landscape.
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Emergen Research has segmented the global image recognition market on the basis of component, application, deployment mode, technique, industry vertical, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Hardware
Software
Services
Application Outlook (Revenue, USD Billion; 2018–2028)
Security and Surveillance
Scanning and Imaging
Augmented Reality
Image Search
Marketing and Advertising
Deployment Mode Outlook (Revenue, USD Billion; 2018–2028)
On-premises
Cloud
Technique Outlook (Revenue, USD Billion; 2018–2028)
Object Recognition
QR/ Barcode Recognition
Pattern Recognition
Facial Recognition
Optical Character Recognition
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
Media & Entertainment
Healthcare
Retail & E-commerce
BFSI
IT & Telecom
Automobile & Transportation
Government
Others
Regional Outlook (Revenue, USD Billion; 2017-2028)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The study aims to provide a forecast of the growth of the Image recognition market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis. The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2028
Chapter 3. Key Insights
Chapter 4. Image recognition Market Segmentation & Impact Analysis
4.1. Image recognition Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Stringent environmental regulations
4.2.2.2. Rising need to reduce bacterial or algal contamination in water systems
4.2.2.3. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
4.2.3.1. Fluctuating prices of raw material
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Image recognition Market By Type Insights & Trends, Revenue (USD Billion)
Chapter 6. Image recognition Market By Application Insights & Trends Revenue (USD Billion)
Chapter 7. Image recognition Market By End-use Insights & Trends, Revenue (USD Billion)
Chapter 8. Image recognition Market Regional Outlook
Continued…
Eric Lee
Emergen Research
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