The global image recognition market is expected to grow from USD 3.5 billion in 2018 to USD 12.2 billion by 2030, at a CAGR of 18.6% during the forecast period. The growth of this market can be attributed to the increasing demand for image recognition solutions in various industries such as BFSI, media and entertainment, retail and consumer goods, IT and telecom, government, healthcare transportation and logistics among others.
The code recognition segment is expected to account for the largest share of the global image recognition market during the forecast period owing to its wide application across various industries such as BFSI (e-commerce), media & entertainment (digital content), retail & consumer goods (product identification) among others.
Some Of The Growth Factors Of This Market:
- Image recognition is being used in various industries such as healthcare, retail, and manufacturing to improve efficiency and accuracy.
- Image recognition technology has been used in the medical field for diagnosis and treatment of diseases such as cancer, diabetes, and Parkinson's disease.
- Retailers are using image recognition technology to identify products on shelves so that they can be reordered when needed or removed from the shelves if they are not selling well enough to justify their space on the shelf or if they have expired dates that need to be checked more often than other products on the shelf due to safety concerns about food items with expiration dates coming up soon after purchase date (e.g., milk).
- Manufacturing companies are using image recognition technology for quality control purposes by identifying defective parts before they reach customers or end up in finished goods that will be sold later on down the line.
Industry Growth Insights published a new data on “Image Recognition Market”. The research report is titled “Image Recognition Market research by Types (Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition), By Applications (BFSI, Media & Entertainment, Retail & Consumer Goods, IT & Telecom, Government, Healthcare, Transportation & Logistics, Others), By Players/Companies Qualcomm, NEC, Google, LTU Technologies, Catchoom Technologies, Honeywell, Hitachi, Slyce, Wikitude, Attrasoft”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Image Recognition Market Research Report
By Type
Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition
By Application
BFSI, Media & Entertainment, Retail & Consumer Goods, IT & Telecom, Government, Healthcare, Transportation & Logistics, Others
By Companies
Qualcomm, NEC, Google, LTU Technologies, Catchoom Technologies, Honeywell, Hitachi, Slyce, Wikitude, Attrasoft
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Image Recognition Market Report Segments:
The global Image Recognition market is segmented on the basis of:
Types
Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Media & Entertainment, Retail & Consumer Goods, IT & Telecom, Government, Healthcare, Transportation & Logistics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Qualcomm
- NEC
- Google
- LTU Technologies
- Catchoom Technologies
- Honeywell
- Hitachi
- Slyce
- Wikitude
- Attrasoft
Highlights of The Image Recognition Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Code Recognition
- Digital Image Processing
- Facial Recognition
- Object Recognition
- Pattern Recognition
- Optical Character Recognition
- By Application:
- BFSI
- Media & Entertainment
- Retail & Consumer Goods
- IT & Telecom
- Government
- Healthcare
- Transportation & Logistics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Image Recognition Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Image recognition is the ability of a computer to identify objects in an image.
Some of the major companies in the image recognition market are Qualcomm, NEC, Google, LTU Technologies, Catchoom Technologies, Honeywell, Hitachi, Slyce, Wikitude, Attrasoft.
The image recognition market is expected to register a CAGR of 18.6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Image Recognition Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Image Recognition Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Image Recognition Market - Supply Chain
4.5. Global Image Recognition Market Forecast
4.5.1. Image Recognition Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Image Recognition Market Size (000 Units) and Y-o-Y Growth
4.5.3. Image Recognition Market Absolute $ Opportunity
5. Global Image Recognition Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Image Recognition Market Size and Volume Forecast by Type
5.3.1. Code Recognition
5.3.2. Digital Image Processing
5.3.3. Facial Recognition
5.3.4. Object Recognition
5.3.5. Pattern Recognition
5.3.6. Optical Character Recognition
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Image Recognition Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Image Recognition Market Size and Volume Forecast by Application
6.3.1. BFSI
6.3.2. Media & Entertainment
6.3.3. Retail & Consumer Goods
6.3.4. IT & Telecom
6.3.5. Government
6.3.6. Healthcare
6.3.7. Transportation & Logistics
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Image Recognition Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Image Recognition Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Image Recognition Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Image Recognition Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Image Recognition Demand Share Forecast, 2019-2029
9. North America Image Recognition Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Image Recognition Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Image Recognition Market Size and Volume Forecast by Application
9.4.1. BFSI
9.4.2. Media & Entertainment
9.4.3. Retail & Consumer Goods
9.4.4. IT & Telecom
9.4.5. Government
9.4.6. Healthcare
9.4.7. Transportation & Logistics
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Image Recognition Market Size and Volume Forecast by Type
9.7.1. Code Recognition
9.7.2. Digital Image Processing
9.7.3. Facial Recognition
9.7.4. Object Recognition
9.7.5. Pattern Recognition
9.7.6. Optical Character Recognition
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Image Recognition Demand Share Forecast, 2019-2029
10. Latin America Image Recognition Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Image Recognition Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Image Recognition Market Size and Volume Forecast by Application
10.4.1. BFSI
10.4.2. Media & Entertainment
10.4.3. Retail & Consumer Goods
10.4.4. IT & Telecom
10.4.5. Government
10.4.6. Healthcare
10.4.7. Transportation & Logistics
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Image Recognition Market Size and Volume Forecast by Type
10.7.1. Code Recognition
10.7.2. Digital Image Processing
10.7.3. Facial Recognition
10.7.4. Object Recognition
10.7.5. Pattern Recognition
10.7.6. Optical Character Recognition
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Image Recognition Demand Share Forecast, 2019-2029
11. Europe Image Recognition Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Image Recognition Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Image Recognition Market Size and Volume Forecast by Application
11.4.1. BFSI
11.4.2. Media & Entertainment
11.4.3. Retail & Consumer Goods
11.4.4. IT & Telecom
11.4.5. Government
11.4.6. Healthcare
11.4.7. Transportation & Logistics
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Image Recognition Market Size and Volume Forecast by Type
11.7.1. Code Recognition
11.7.2. Digital Image Processing
11.7.3. Facial Recognition
11.7.4. Object Recognition
11.7.5. Pattern Recognition
11.7.6. Optical Character Recognition
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Image Recognition Demand Share, 2019-2029
12. Asia Pacific Image Recognition Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Image Recognition Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Image Recognition Market Size and Volume Forecast by Application
12.4.1. BFSI
12.4.2. Media & Entertainment
12.4.3. Retail & Consumer Goods
12.4.4. IT & Telecom
12.4.5. Government
12.4.6. Healthcare
12.4.7. Transportation & Logistics
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Image Recognition Market Size and Volume Forecast by Type
12.7.1. Code Recognition
12.7.2. Digital Image Processing
12.7.3. Facial Recognition
12.7.4. Object Recognition
12.7.5. Pattern Recognition
12.7.6. Optical Character Recognition
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Image Recognition Demand Share, 2019-2029
13. Middle East & Africa Image Recognition Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Image Recognition Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Image Recognition Market Size and Volume Forecast by Application
13.4.1. BFSI
13.4.2. Media & Entertainment
13.4.3. Retail & Consumer Goods
13.4.4. IT & Telecom
13.4.5. Government
13.4.6. Healthcare
13.4.7. Transportation & Logistics
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Image Recognition Market Size and Volume Forecast by Type
13.7.1. Code Recognition
13.7.2. Digital Image Processing
13.7.3. Facial Recognition
13.7.4. Object Recognition
13.7.5. Pattern Recognition
13.7.6. Optical Character Recognition
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Image Recognition Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Image Recognition Market: Market Share Analysis
14.2. Image Recognition Distributors and Customers
14.3. Image Recognition Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Qualcomm
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NEC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Google
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LTU Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Catchoom Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Honeywell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Slyce
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wikitude
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Attrasoft
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
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