AI in Image Recognition

Global Artificial Intelligence (AI) in Image Recognition Market Size, Share & Trends Analysis Report by End-User (Automotive, BFSI (Banking Financial Services and Insurance), Healthcare, Security and Retail), by Product Type (Hardware and Software) and Forecast, 2019-2025Image processing & recognition is a part of computer vision and a process to identify places, logos, people, object, building, and several other variables in the image. Further, the process to identify and detect an object or attribute in a digital video or image is also referred to as image processing. The market of AI in image recognition can expand in recent future as there are companies in different sectors such as e-commerce, automotive, healthcare, and gaming are rapidly adopting AI in their image recognition & processing system. It plays an important role in the automotive industry as it is an essential part of autonomous vehicles initiated by Google and Uber. The market of AI in image recognition is segmented on the basis of end-user include retail, automotive, healthcare, security, BFSI, and gaming.

On the basis of product type, the market is segmented into hardware and software. The hardware segment in AI in image recognition is dominated by smartphones and scanners. There is also the need for security applications and products with innovative technologies such as surveillance cameras and face recognition which is driving the growth of the market. Government is also taking initiatives to promote AI in image recognition solutions in order to revolutionize different sectors and increase productivity. The market of the AI in image recognition and processing is also segmented based on region into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America includes the US and Canada and is expected to have a significant share attributed to high adoption of advanced technology. Furthermore, Asia-Pacific includes China, India, Japan which is expected to grow due to government initiatives to support digitalization.

There are various companies involved in the AI in image recognition market such as Clarifai, Inc., NVIDIA Corp., Qualcomm Corp., Microsoft Corp., Google, LLC, IBM Corp., among various others. These companies are providing different software or services solution to the consumers for AI in image recognition. There are companies like Procter & Gamble Co. and Aether, Inc. signed an agreement to innovate new products and this enables them to expand individual market share. The restraint of the market is that organizations are still lacking behind in implementing the latest technology such as AI in their business and there can be a shortage of skilled labors. This is expected to hinder the growth of the market during the forecast period.

Research Methodology
The market study of the global AI in image recognition market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
• Financial reports of companies involved in the market
• Authentic public databases such as the Eurostat and others
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog
The report is intended for the service provider, companies, research, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation:
1. Global AI in image recognition Market Research and Analysis by End-User
2. Global AI in image recognition Market Research and Analysis by Product Type

The Report Covers:
• Comprehensive research methodology of the global AI in image recognition market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Insights about market determinants which are stimulating the global AI in image recognition market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.