The report provides comprehensive coverage of the Image recognition market scenario for the current period and forecast timeline of 2020-2027. The Image recognition market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.

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. The advent of cloud media services and increase in number of mobile devices is fueling market growth to a significant extent. Deployment and preference for cloud-based services has increased to a significant extent due to the COVID-19 pandemic. The major benefits of cloud as a platform in the market are its easy scalability and ease of sharing already collected images and data between all devices.

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The key companies studied in the report are:

IBM Corporation, Qualcomm, Honeywell, Toshiba, Microsoft, Huawei, Oracle, NEC Corporation, Catchoom, and Slyce.

The report studies the historical data of the Image recognition market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Image recognition industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Image recognition market.

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The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • The report provides a forecast of market drivers, restraints, and future opportunities for the Image recognition market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

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

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

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