Image Recognition Market to Signify Strong Growth by 2022-2028

The Image Recognition Market size is expected to grow at an annual average of 14% during 2022-2028. Image recognition technology is the process of identifying and detecting objects or features in a digital image or video. The field of image recognition has received widespread acclaim over the past few years. Image recognition systems use data shared by users through various platforms, including social networks, apps, and websites. It uses technology to detect various variables of places, people, items, buildings, logos, and photos with the help of artificial intelligence.

Company Profile

• IBM Corporation
• Imagga Technologies Ltd.
• Amazon Web Services, Inc.
• Qualcomm Incorporated
• Google LLC
• Microsoft Corporation
• NEC Corporation
• LTU technologies

Market Segmentation

By Deployment Mode:

• Cloud
• On-premises

By Application

• Scanning and Imaging
• Security and Surveillance
• Image Search
• Augmented Reality
• Marketing and Advertising

By Component:

• Hardware
• Software
• Services

Scope of the Report

The research study analyzes the Image Recognition Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Image Recognition Market Report

1. What was the Image Recognition Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Image Recognition Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Image Recognition Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Image Recognition Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Image Recognition
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Image Recognition
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Image Recognition Market.