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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Image Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global image recognition market grew at a CAGR of around 22% during 2014-2019. Image recognition refers to a technological solution used for identifying objects, people, places and actions in images. It utilizes machine vision technologies with predefined algorithms and artificial intelligence (AI) to interpret a matrix of numerical values in a digital image. The algorithm maps out a pattern or relationship in subsequent images to improve the accuracy of the results. Some of the commonly used algorithms include Principal Component Analysis (PCA), Scale-invariant Feature Transform (SIFT) and Speeded Up Robust Features (SURF). These technologies are also used for performing machine-based visual tasks, such as labeling contents of images with meta-tags, performing image content search and guiding self-driving cars, autonomous robots and accident avoidance systems.

Rapid digitization across industries, along with the widespread adoption of AI-based systems, are among the key factors driving the growth of the market. Furthermore, the increasing utilization of image recognition technologies for digital marketing applications is providing a thrust to the market growth. E-commerce service providers integrate their application’s programming interface with the image recognition tools to assist with the monitoring of return on investment (RoI) and enhancing brand productivity. Additionally, various technological advancements, such as the improvements in AI, big data and machine learning (ML) systems, are acting as other growth-inducing factors. This enables law enforcement agencies to run visual analytics for biometric scanning machines, pedestrian recognition and vehicle tracking. Other factors, including significant improvements in the information technology (IT) infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market further. Looking forward, IMARC Group expects the global image recognition market to continue its strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global image recognition market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, component, technology, application, deployment type and end use industry.

Breakup by Component:

  • Hardware
  • Software
  • Services
     

Breakup by Technology:

  • Object Detection
  • QR/Barcode Recognition
  • Facial Recognition
  • Pattern Recognition
  • Optical Character Recognition
  • Others
     

Breakup by Application:

  • Scanning and Imaging
  • Security and Surveillance
  • Image Searching
  • Augmented Reality
  • Marketing and Advertising
  • Others
     

Breakup by Deployment Type:

  • On-premises
  • Cloud-based
     

Breakup by End Use Industry:

  • BFSI
  • Media and Entertainment
  • IT and Telecom
  • Government
  • Healthcare
  • Transportation and Logistics
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Attrasoft Inc., Google LLC (Alphabet Inc.), Hitachi Ltd., Honeywell International Inc., International Business Machines Corporation, Microsoft Corporation, NEC Corporation, Qualcomm Technologies Inc. (Qualcomm Incorporated), Slyce Inc. and Wikitude GmbH.

Key Questions Answered in This Report:

  • How has the global image recognition market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global image recognition market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the deployment type?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global image recognition market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Image Recognition Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Technology
    7.1    Object Detection
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    QR/Barcode Recognition
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Facial Recognition
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Pattern Recognition
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Optical Character Recognition
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Application
    8.1    Scanning and Imaging
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Security and Surveillance
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Image Searching
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Augmented Reality
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Marketing and Advertising
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Deployment Type
    9.1    On-premises
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Cloud-based
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by End Use Industry
    10.1    BFSI
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Media and Entertainment
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    IT and Telecom
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Government
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Healthcare
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Transportation and Logistics
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Others
        10.7.1 Market Trends
        10.7.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Amazon Web Services Inc. (Amazon.com Inc.)
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
           16.3.1.3 SWOT Analysis
        16.3.2    Attrasoft Inc.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Google LLC (Alphabet Inc.)
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
           16.3.3.3 SWOT Analysis
        16.3.4    Hitachi Ltd.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
           16.3.4.3 Financials 
           16.3.4.4 SWOT Analysis
        16.3.5    Honeywell International Inc.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
           16.3.5.3 Financials 
           16.3.5.4 SWOT Analysis
        16.3.6    International Business Machines Corporation
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio 
           16.3.6.3 Financials 
           16.3.6.4 SWOT Analysis
        16.3.7    Microsoft Corporation
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials 
           16.3.7.4 SWOT Analysis
        16.3.8    NEC Corporation
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
           16.3.8.3 Financials 
           16.3.8.4 SWOT Analysis
        16.3.9    Qualcomm Technologies Inc. (Qualcomm Incorporated)
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
        16.3.10    Slyce Inc.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio 
        16.3.11    Wikitude GmbH
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio 
           16.3.11.3 Financials

List of Figures

Figure 1: Global: Image Recognition Market: Major Drivers and Challenges
Figure 2: Global: Image Recognition Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Image Recognition Market: Breakup by Component (in %), 2019
Figure 4: Global: Image Recognition Market: Breakup by Technology (in %), 2019
Figure 5: Global: Image Recognition Market: Breakup by Application (in %), 2019
Figure 6: Global: Image Recognition Market: Breakup by Deployment Type (in %), 2019
Figure 7: Global: Image Recognition Market: Breakup by End Use Industry (in %), 2019
Figure 8: Global: Image Recognition Market: Breakup by Region (in %), 2019
Figure 9: Global: Image Recognition Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 10: Global: Image Recognition (Hardware) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Image Recognition (Hardware) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Image Recognition (Software) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Image Recognition (Software) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Image Recognition (Services) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Image Recognition (Services) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Image Recognition (Object Detection) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Image Recognition (Object Detection) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Image Recognition (QR/Barcode Recognition) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Image Recognition (QR/Barcode Recognition) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Image Recognition (Facial Recognition) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Image Recognition (Facial Recognition) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Image Recognition (Pattern Recognition) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Image Recognition (Pattern Recognition) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Image Recognition (Optical Character Recognition) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Image Recognition (Optical Character Recognition) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Image Recognition (Other Technologies) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Image Recognition (Other Technologies) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Image Recognition (Scanning and Imaging) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Image Recognition (Scanning and Imaging) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Image Recognition (Security and Surveillance) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Image Recognition (Security and Surveillance) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Image Recognition (Image Searching) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Image Recognition (Image Searching) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Global: Image Recognition (Augmented Reality) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Image Recognition (Augmented Reality) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Image Recognition (Marketing and Advertising) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Image Recognition (Marketing and Advertising) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Global: Image Recognition (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Global: Image Recognition (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Global: Image Recognition (On-premises) Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Global: Image Recognition (On-premises) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Global: Image Recognition (Cloud-based) Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Global: Image Recognition (Cloud-based) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Global: Image Recognition (BFSI) Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Global: Image Recognition (BFSI) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Global: Image Recognition (Media and Entertainment) Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Global: Image Recognition (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Global: Image Recognition (IT and Telecom) Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Global: Image Recognition (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Global: Image Recognition (Government) Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Global: Image Recognition (Government) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Global: Image Recognition (Healthcare) Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Global: Image Recognition (Healthcare) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Global: Image Recognition (Transportation and Logistics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Global: Image Recognition (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Global: Image Recognition (Other End Use Industries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Global: Image Recognition (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: North America: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: North America: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: United States: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: United States: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Canada: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Canada: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Asia Pacific: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Asia Pacific: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: China: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: China: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Japan: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Japan: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: India: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: India: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: South Korea: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: South Korea: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Australia: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Australia: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Indonesia: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Indonesia: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Others: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: Others: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Europe: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: Europe: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Germany: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: Germany: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: France: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: France: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: United Kingdom: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 87: United Kingdom: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 88: Italy: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 89: Italy: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 90: Spain: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 91: Spain: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 92: Russia: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 93: Russia: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 94: Others: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 95: Others: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 96: Latin America: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 97: Latin America: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 98: Brazil: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 99: Brazil: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 100: Mexico: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 101: Mexico: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 102: Others: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 103: Others: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 104: Middle East and Africa: Image Recognition Market: Sales Value (in Million US$), 2014 & 2019
Figure 105: Middle East and Africa: Image Recognition Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 106: Global: Image Recognition Industry: SWOT Analysis
Figure 107: Global: Image Recognition Industry: Value Chain Analysis
Figure 108: Global: Image Recognition Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Image Recognition Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Image Recognition Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 3: Global: Image Recognition Market Forecast: Breakup by Technology (in Million US$), 2020-2025
Table 4: Global: Image Recognition Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Image Recognition Market Forecast: Breakup by Deployment Type (in Million US$), 2020-2025
Table 6: Global: Image Recognition Market Forecast: Breakup by End Use Industry (in Million US$), 2020-2025
Table 7: Global: Image Recognition Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 8: Global: Image Recognition Market Structure
Table 9: Global: Image Recognition Market: Key Players

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