Image Recognition Market size was valued at USD 38.02 Bn in 2022 and is expected to reach USD 117.56 Bn by 2029, at a CAGR of 17.5% over the forecast period.

Image Recognition Market Overview:

The purpose of this study is to provide an in-depth analysis of the Image Recognition Market by segments, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Image Recognition industry. The study also provides a thorough examination of the market's value chain.

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Image Recognition Market Scope:

The research method used to assess and forecast the Image Recognition market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Image Recognition market.

Image Recognition Market Segmentation:

by Technology
Traditional Image Recognition
Deep Learning-Based Image Recognition

by Application
Object recognition
Facial recognition
Scene recognition
Optical character recognition (OCR)
Gesture recognition
Code Recognition

by Industry Vertical
Retail and E-commerce
Healthcare
Security and Surveillance
Entertainment and Media
Manufacturing and Industrial

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Image Recognition Market Key Players:

North America:
1. Google (United States)
2. Amazon (United States)
3. Microsoft (United States)
4. Facebook (United States)
5. IBM (United States)
6. NVIDIA (United States)
7. Intel (United States)
8. Honeywell (United States)
9. Cognex (United States)
10. Qualcomm (United States)
Asia-Pacific:
11. SenseTime (China)
12. Hikvision (China)
13. NEC (Japan)
14. Zebra Medical Vision (Israel)
15. ViSenze (Singapore)
16. Blippar (Singapore)
17. Catchoom (Spain)
18. Slyce (Canada
Europe:
19. LTU Technologies (France)
20. Movidius (Ireland, acquired by Intel)
21. VSCO (Visual Supply Company, United Kingdom)
22. Trax (United Kingdom)
23. Vuforia (PTC, United Kingdom)
24. ImageVision (Sweden)
25. Verkada (United Kingdom)
Others:
26. Clarifai
27. Deep 6 AI
28. Pinterest
29. Snap
30. ImageWare Systems

Regional Analysis:

Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.

COVID-19 Impact Analysis on Image Recognition Market: The detailed review of COVID-19 impact on the Image Recognition market based on import, suppliers, ket players have also been included in the Image Recognition market report.

Key Questions Answered in the Image Recognition Market Report are:

Which segment had the largest share in the Image Recognition market?

How is the competitive landscape of the Image Recognition market?

Which are the key factors impacting the Image Recognition market growth?

Which region has the maximum share in the Image Recognition market?

What will be the CAGR of the Image Recognition market during the forecast period (2021-2027)?

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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