Image Recognition Market Research and Forecast Report 2023-2028

1. Global Image Recognition Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Image Recognition Market Research Report: The latest report by IMARC, titled “Image Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global image recognition market reached a value of US$ 35.2 Billion in 2022. 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 market/requestsample Free Sample Report: https://www.imarcgroup.com/image-recognition-

4. Report Description and Highlights 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. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 89.3 Billion by 2028, exhibiting a CAGR of 16.7% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: 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 • Security and Surveillance • Image Searching • Augmented Reality

6. Report Description and Highlights Report Description • Marketing and Advertising • Others Breakup by Deployment Type: • On-premises • Cloud-based Breakup by End Use Industry: • BFSI • Media and Entertainment • IT and Telecom • Government • Healthcare • Transportation and Logistics • Others Breakup by Region: • North America • United States • Canada

7. Report Description and Highlights Report Description • Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description 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 View Full Report with TOC & List of Figure: https://www.imarcgroup.com/image-recognition-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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