Global Marketing study on Image Recognition

Posted on Oct 3 2022 4:50 AM

"The report covers the latest opportunities in the global market. It also highlights significant developments in the portfolio of top key players. "

[180 Pages Report] The global “Image Recognition Market is expected to rise with an impressive CAGR and generate the highest revenue by 2029. Fortune Business Insights™ in its latest report published this information. The report is titled Image Recognition Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Technology (Code Recognition, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition), By Application (Scanning and Imaging, Security and Surveillance, Image Search, Augmented Reality, Marketing, and Advertising), By Deployment (On-Premise, Cloud), By End User and Regional Forecast, 2020-2027 The report discusses research objectives, research scope, methodology, timeline, and challenges during the entire forecast period.

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Report Highlights:

  • A comprehensive overview of the Image Recognition Market
  • Significant factors boosting, restricting, challenging, and providing an opportunity to the industry
  • Key insights and major industry developments
  • Significant players functioning in the Image Recognition Market
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends

Report Details:

Image Recognition Market CAGR (2019-2027)
Market Size 2027 86.32 billion
Market Size 2019 23.82 billion


What Information does this report contain?

  • Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2029. 
  • Expert analysis: Industry, governing, innovation, and technological trends; factors impacting development; drawbacks, SWOT.
  • 6-7 year performance forecasts major segments covering applications, top products, and geographies.
  • Competitive landscape reporting: Image Recognition Market leaders and important players, competencies, and capacities of these companies in terms of production as well as sustainability and prospects.

Covid-19 Scenario:

  • The Covid-19 pandemic favored the growth of the market due to a rise in the shift toward the adoption of technologies since most businesses implemented the work-from-home culture.
  • Digital transformation and industry 4.0 had boosted the demand for the Image Recognition Market. Moreover, the players were forced to deploy multiple new and agile approaches to improve the consumer experience.

Available Customizations

With the given market data, Fortune Business Insights offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

  • The product matrix provides detailed product information and comparison

Geographic Analysis

  • Further breakdown of the North American Image Recognition Market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

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Who are the Major Image Recognition Market Vendors?

  • Amazon Web Services (AWS) Inc.
  • Google LLC
  • IBM Corporation
  • Microsoft Corporation
  • NVidia Corporation
  • Honeywell International Inc.
  • Qualcomm Technologies, Inc.
  • Honeywell International, Inc.
  • Hitachi, Ltd.
  • LTU technologies
  • NEC Corporation

Increasing Number of Bans on Facial Recognition Tools to Limit Market Growth

Chief among the factors limiting the image recognition market growth is the growing clamor around the world to ban the use of facial identification technologies. Such technologies, according to many experts, erode privacy, incite racial and cultural biases, and can be easily misused by those in power. Citing these dangers of image recognition technologies, activists, policymakers, and ordinary citizens around the world are demanding that these technologies need to be discarded. For example, Democrats in the US introduced the ‘Facial Recognition and Biometric Technology Moratorium Act’ in June 2020 to ban the use of facial recognition tools by federal law enforcement agencies. Tech companies are responding on similar lines. In Europe, the European Union is mulling a ban on facial recognition in public places for five years.  These governmental measures are likely to inhibit the growth of this market in the coming years.

Secondary Research:

This research study extensively used secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

The primary research process interviewed various sources from both the supply and demand sides to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Estimation of Market Size

The total size of the Image Recognition Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub-segments. The following research methodologies were used to calculate market size:

Extensive secondary research was used to identify the industry’s key players.

The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.

All percentage shares split, and breakdowns were calculated using secondary sources and confirmed using primary sources.

Frequently Asked Questions?

  • What is the Image Recognition Market size?
  • What is the CAGR for the Image Recognition Market Size industry?
  • What are the segments covered in the Image Recognition Market report?
  • Who are the key players in the Image Recognition Market?
  • Which region is more attractive for vendors in the Image Recognition Market?
  • What are the key markets for Image Recognition Market Size?
  • What are the key factors driving the growth of the Image Recognition Market Size industry?
  • Which segment has the largest share in the Image Recognition Market?

Key Points from TOC:

1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4. Key Insights

4.1 Global Statistics — Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario — Key Countries

4.5 Recent Industry Developments — Partnerships, Mergers, and Acquisitions

5. Global Image Recognition Market Analysis, Insights, and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis — By Product Type

5.3. Market Analysis — By Distribution Channel

5.4. Market Analysis — By Countries/Sub-regions


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