AI Image Recognition Market is expected to reach US $ 8.04 Bn by 2029, at a CAGR of 24.82% during the forecast period.

Market Overview

The AI Image Recognition Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the Market can grow considerably within the forecasted period i.e., 2022 to 2029.

The report provides AI Image Recognition Market drivers and restraints. The report helps in recognizing the drivers that are driving the Market growth and discovering ways to use these drivers as strengths. Restraints can help you to identify characteristics that are restraining the Market and help you identify them and decrease or improve them before they become an issue. Opportunities are created by external components like changes in the Market, and new consumer trends. This will help you to understand elements that will influence your potential to take advantage of your opportunities. Challenges could create hurdles for your business. The report helps you to identify challenges and ways to encounter them depending on the Market scenario.

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Market Scope

The report provides overall Market insights for manufacturers, suppliers, distributors, and investors in the global AI Image Recognition Market. The information and data provided in the report may be used by all stakeholders, students, consulting firms, research institutes, industry professionals, journalists, business researchers, etc. in the global AI Image Recognition Market.

The report also includes factors like Market segmentation, CAGR (Compound Annual Growth Rate), Year-on-Year growth (percent), Porter's five force model, absolute USD potential, and expected Market cost structure.

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AI Image Recognition Segmentation Analysis

by Product

• Cloud-based
• On-Premises

by Type

• Hardware
• Software
• Services

by Application

• Education
• Gaming
• Healthcare
• Government
• Aerospace & Defense
• Media & Entertainment
• Retail
• Banking Financial Services and Insurance
• Others

by End-User

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

The global AI image recognition market is divided into segments based on region, deployment, offering, industrial vertical, and application. Due to the growing use of cloud-based image processing solutions to secure sensitive data and support businesses' marketing efforts, cloud-based deployment is anticipated to account for a significant portion of the market during the forecast period in 2021 and is expected to maintain its dominance over the forecast period. increased use of cloud-based solutions across a variety of industries. For instance, deep learning-powered Amazon Rekognition provides highly accurate facial search and facial analysis capabilities that may be utilised for a variety of user verification and public safety use cases for face identification, analysis, and comparison. 

AI Image Recognition Key Players

• IBM Corporation
• Imagga Technologies Ltd
• Amazon Web Services, Inc
• Qualcomm
• Google LLC
• Microsoft Corporation
• Trax Technology Solutions Pte Ltd
• NEC Corporation
• LTUTech
• Ricoh Company, Ltd
• Catchoom Technologies S.L
• Intel Corporation
• Honeywell International Inc
• Hitachi, Ltd
• Intelligence Retail
• Slyce Acquisition Inc
• Blippar Ltd
• Wikitude GmbH
• Attrasoft, Inc

Regional Analysis

The study delves into the AI Image Recognition Market in depth, segmenting it into regions. For the analysis, a review of the provincial Market involved with the objective Market, as well as results related to the objective Market, is provided. The review evaluates the Market in North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East on a local and country-by-country basis. The Market in each region is thoroughly investigated, enabling for the identification of regional Market trends, restrictions, and development opportunities.

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Key Questions answered in the Market Report are:

• What is Market?
• What is the forecast period of the Market?
• What is the competitive scenario of the Market?
• Which region held the largest Market share in the Market?
• What are the opportunities for the Market?
• What factors are affecting the Market growth?
• Who are the key players of the Market?
• Which company held the largest share in the Market?
• What will be the CAGR of the Market during the forecast period?
• What key trends are likely to emerge in the Market in the coming years?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by AI Image Recognition
• Landscape- Leading key players and other prominent key players.

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