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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Image Recognition Market Analysis
Based on component, the market can be divided into software, hardware, and services. On the basis of deployment mode, the market is bifurcated into cloud and on-premises. By technique, the image recognition market is categorised into barcode recognition, facial recognition, and object recognition, among others. On the basis of end use, the market is segmented into BFSI, IT and telecom, healthcare, retail, transportation and logistics, and manufacturing, among others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global image recognition market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- NEC Corporation
- Hitachi, Ltd.
- Attrasoft, Inc.
- Honeywell International Inc.
- Partium Technologies GmbH
- 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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