Image Recognition Market Growth, Demand and Challenges of the Key Industry Players 2024-32

The global image recognition market size reached US$ 41.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 145.9 Billion by 2032, exhibiting a growth rate (CAGR) of 14.7% during 2024-2032.

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1. Global Image Recognition Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

2. About IMARC Group IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. Across the six major continents and 100+ countries, we work alongside our business partners as one team with a common ambition to achieve unparalleled results, gain a competitive edge, and transform industries. IMARC Group excels in understanding its clients’ business priorities and delivering tailored solutions that drive meaningful outcomes. Our client base spans over 3,000 organizations in the private, public, and social sectors, ranging from high-growth startups to Fortune 500 companies. We provide a comprehensive suite of market entry and expansion services. Our offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. These services are designed to assist companies in evaluating market opportunities, setting up new entities, navigating regulatory landscapes, boosting brand visibility, analyzing competitors, and optimizing procurement strategies.

3. Report Highlight and Description According to the latest report by IMARC Group, titled  "Image Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"  the  global image recognition market size reached US$ 41.1 Billion in 2023. Image recognition refers to the technology that is generally used to identify objects and entities variables in the form of an image. It is a computer-operated vision technology that gathers, process, and analyze data from the real world. Additionally, it involves the utilization of supervised learning, deep learning algorithms and neural network techniques to identify the subject of the picture. It works by assigning a single and high-level label to an image by interpreting and analyzing the image's pixel patterns. As a result, it is extensively used to performing several machine-based visual tasks, such as image content search, labeling the content of images with meta-tags and guiding autonomous robots. Request for a PDF sample of this report: https://www.imarcgroup.com/image-recognition-market/requestsample

4. Report Description Global Image Recognition Market Trends : The global market is primarily driven by the increasing demand from the automotive sector. This is supported by the widespread integration of accident-avoidance systems in vehicles and the introduction of self-driving cars. Along with this, numerous leading players are heavily investing in the deployment of advanced image recognition systems for face identification on social media networks, which is creating a positive market outlook. In addition to this, the extensive utilization of these solutions by law enforcement agencies and airport authorities for facial recognition is providing an impetus to the market. Furthermore, continual technological advancements in image recognition solutions, including the integration of artificial intelligence (AI) and cloud computing, are impacting the market favorably. Other factors, including rapid digitization and urbanization, the growing incidences of geopolitical conflicts and terrorism activities, continuous improvements in the information technology (IT) sector and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market growth. Looking forward, the market is anticipated to reach a value of US$ 145.9 Billion by 2032, exhibiting a CAGR of 14.7% during 2024-2032. View Report TOC, Figures and Tables : https://www.imarcgroup.com/image-recognition-market

5. Report Segmentation Breakup by Component: Hardware Software Services   Breakup by Technology: Object Detection QR/Barcode Recognition Facial Recognition Pattern Recognition Optical Character Recognition Others Breakup by Application: Scanning and Imaging

6. Report Segmentation Security and Surveillance Image Searching Augmented Reality Marketing and Advertising Others Breakup by Deployment Type: On-premises Cloud-based Breakup by End Use Industry: BFSI Media and Entertainment

7. Report Segmentation IT and Telecom Government Healthcare Transportation and Logistics Others Breakup by Region: North America Asia-Pacific Europe Latin America Middle East and Africa

8. Competitive Landscape with Key Players Amazon Web Services Inc. (Amazon.com Inc.) Attrasoft Inc. Google LLC (Alphabet Inc.) Hitachi Ltd. Honeywell International Inc. International Business Machines Corporation Microsoft Corporation NEC Corporation Qualcomm Technologies Inc. (Qualcomm Incorporated) Slyce Inc. Wikitude GmbH.

9. Key Questions Answered in the Report

10. Key Questions Answered in the Report

11. Table of Contents 1    Preface 2    Scope and Methodology     2.1    Objectives of the Study     2.2    Stakeholders     2.3    Data Sources         2.3.1    Primary Sources         2.3.2    Secondary Sources     2.4    Market Estimation         2.4.1    Bottom-Up Approach         2.4.2    Top-Down Approach     2.5    Forecasting Methodology 3    Executive Summary 4    Introduction     4.1    Overview     4.2    Key Industry Trends 5    Global Image Recognition Market     5.1    Market Overview     5.2    Market Performance     5.3    Impact of COVID-19   5.4    Market Forecast 6     Market Breakup by Component 6.1 Hardware 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Software 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Services 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Technology        

12. Table of Contents 7.1 Object Detection 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 QR/Barcode Recognition 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Facial Recognition 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Pattern Recognition 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Optical Character Recognition 7.5.1 Market Trends 7.5.2 Market Forecast 7.6 Others 7.6.1 Market Trends 7.6.2 Market Forecast 8 Market Breakup by Application 8.1 Scanning and Imaging 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Security and Surveillance 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Image Searching 8.3.1 Market Trends 8.3.2 Market Forecast For more information, visit : https://www.imarcgroup.com/image-recognition-market/toc

13. Partial List of Clients

14. Partial List of Clients

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