Image Recognition Market size was valued at USD 45.21 Billion in 2023 and the total Image Recognition revenue is expected to grow at a CAGR of 15.5% from 2024 to 2030, reaching nearly USD 123.97 Billion by 2030
Global Image Recognition Market Overview:
The Global Image Recognition market research provides a comprehensive insight into the competition, including the market share and company profiles of the world's biggest rivals. The research scope covers a comprehensive examination of the Global Image Recognition Market, as well as the causes for variances in the industry's growth across a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Drivers:
In our most recent analysis, we discovered key drivers shaping the Global Image Recognition market landscape. Technological breakthroughs are resulting in unparalleled efficiencies, while altering customer preferences toward drive Global Image Recognition market demand. Regulatory developments and global economic trends are also important in shaping strategic decisions across the business. Furthermore, an increased emphasis on environmental sustainability is encouraging innovation and altering product offerings. These drivers highlight the transformative prospects within Global Image Recognition market. Directing stakeholders toward educated and proactive strategies for long-term success.
Segmentation:
by Component
Hardware
Software
Service
by Deployment Type
On-premise
Cloud
by Technology
Object Recognition
QR/Barcode Recognition
Facial Recognition
Pattern Recognition
Optical Character Recognition
by Application
Scanning and Imaging
Security and Surveillance
Image Search
Augmented Reality
Marketing and Advertising
by Industry Vertical
IT and Telecom
BFSI
Healthcare
Retail and E-commerce
Government
Media and Entertainment
Transportation and Logistics
Manufacturing
Others
Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Global Image Recognition market are as follows:
1. Pix4D SA (Switzerland)
2. Koninklijke Philips N.V. (Netherlands)
3. Agisoft (Russia)
4. PhotoModeler Technologies (Vancouver)
5. Vi3DIM TECHNOLOGIES (Israel)
6. 3DHISTECH Ltd (Europe)
7. Intel Corporation (United States)
8. FARO Technologies Inc. (United States)
9. Thermo Fisher (United States)
10. Autodesk Inc (United States)
11. GE (United States)
12. Quorum Technologies Inc (United States)
13. Capturing Reality s.r.o. (United States)
14. BENTLEY SYSTEMS (United States)
15. Skyline Software Systems Inc. (United States)
16. Matterport (California)
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Global Image Recognition market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Global Image Recognition Market:
End-user industries where Global Image Recognition are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Global Image Recognition manufacturers, harming the Global Image Recognition market's growth in 2020. End-user business demand for Global Image Recognition has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
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Key Questions Answered in the Global Image Recognition Market Report are:
- In 2021, which segment accounted for the most share of the Global Image Recognition market?
- What is the competitive landscape of the Global Image Recognition market?
- What are the key factors influencing Global Image Recognition market growth?
- In the Global Image Recognition market, which region has the most market share?
- What will be the CAGR of the Global Image Recognition market during the forecast period (2022-2027)?
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