The global image recognition market size is expected to reach USD 80.29 Billion at a steady CAGR of 15.3% in 2028, according to latest analysis by Emergen Research. In February 2020, Department of Homeland Security officials detailed the use of facial recognition technologies by the administration across the U.S. To date, over 43.7 million individuals have been scanned at border crossings, outbound ships, and elsewhere by various systems. 

Furthermore, application of Porters Five Forces Analysis to determine the status of various aspects such as the capability of both the suppliers and customers, threats posed by different substitutes, the intensity of competition and promising new vendors makes the study a valuable resource. The researchers behind the market intelligence report examine the weaknesses, strengths, opportunities, and restraints expected to shape the progress of the image recognition market for the forecast period, 2020 to 2028. The market intelligence report includes detailed statistics on market segmentation based on product value, application, classification, and sale.



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Key companies operating in the Image recognition market include:

IBM Corporation, Qualcomm, Honeywell, Toshiba, Microsoft, Huawei, Oracle, NEC Corporation, Catchoom, and Slyce.

The Global Image recognition Report is a panoramic study of the overall Image recognition market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Image recognition market. The report provides a detailed analysis of the key factors of the Image recognition market that are expected to have a positive impact on the growth of the Image recognition industry.

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Emergen Research has segmented the global image recognition market on the basis of component, application, deployment mode, technique, industry vertical, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)
Hardware
Software
Services
Application Outlook (Revenue, USD Billion; 2018–2028)
Security and Surveillance
Scanning and Imaging
Augmented Reality
Image Search
Marketing and Advertising
Deployment Mode Outlook (Revenue, USD Billion; 2018–2028)
On-premises
Cloud
Technique Outlook (Revenue, USD Billion; 2018–2028)
Object Recognition
QR/ Barcode Recognition
Pattern Recognition
Facial Recognition
Optical Character Recognition
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
Media & Entertainment
Healthcare
Retail & E-commerce
BFSI
IT & Telecom
Automobile & Transportation
Government
Others
Regional Analysis:

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

Key regions in the market include:

North America
U.S., Canada

Europe
U.K., Italy, Germany, France, Rest of EU

Asia Pacific
India, Japan, China, South Korea, Australia. Rest of APAC

Latin America
Chile, Brazil, Argentina, Rest of Latin America

Middle East & Africa
Saudi Arabia, U.A.E., South Africa, Rest of MEA

Key Questions Addressed in the Report:

Who are the leading players in the Image recognition industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Image recognition?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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