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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
NEC Corporation was established in 1899 and is headquartered in Tokyo in Japan. It is a Japanese information technology and electronics company that deals with the manufacture of products related to 5G, healthcare, computers, and other network products. They also provide solutions for society which promote efficiency, safety, and security.
Hitachi, Ltd. founded in 1910 is based out of Tokyo, Japan. It manufactures and provides its customers with construction machinery, smart life and eco-friendly systems, information and telecommunication systems, automotive systems, power systems and various other products for consumer and industrial use. It aims at creating a society that is sustainable with the help of data and technology.
Attrasoft, Inc. was founded in 2001 with headquarters in Georgia in the United States. Attrasoft, Inc. specialises in artificial intelligence and deep learning, developing software that can learn and adapt to user needs. Its range of products help with image recognition, single site image search engine, object detection within an image, video object detection, surveillance video analysis, and image tagging, among others.
Other market players include Honeywell International Inc., and Partium Technologies GmbH, among others.
Image Recognition Market Report Snapshots
Image Recognition Market Share
Image Recognition Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for image recognition reached a value of more than USD 34.33 billion in 2023.
The market is expected to grow at a CAGR of 14.80% between 2024 and 2032.
The major market drivers are adoption of advanced technology, increasing demand from a wider range of end users, and growing need for safety and surveillance.
The key trends of the market are usage in manufacturing for quality control, image and video tagging for easier analysis, and increasing applications in healthcare for faster diagnoses and improved prognoses.
Key players in the image recognition market include NEC Corporation, Hitachi, Ltd., Attrasoft, Inc., Honeywell International Inc., and Partium Technologies GmbH, among others.
Image recognition is a process by which an object or a feature such as actions, objects, or writings are identified in still images or in video.
The key advantages of image recognition are that it improves efficiency, saves manual efforts, reduces errors, can operate all hours, and can be customised as needed.
The primary components of image recognition are software, hardware, and services.
The various techniques in image recognition are barcode recognition, facial recognition, and object recognition, among others.
The key end uses of image recognition are BFSI, IT and telecom, healthcare, retail, transportation and logistics, and manufacturing, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124