Image Recognition Market List of Data Sources, Abbreviations, Executive Summary Forecast 2014-2025

Image Recognition Market List of Data Sources, Abbreviations,
Executive Summary Forecast 2014-2025
“Image Recognition Market is anticipated to reach USD 77.69 billion by 2025.
The market is anticipated to witness a healthy growth rate in the years to
come. Image recognition implies technique for processing, sympathizing,
acquiring, and scrutinizing images.”
Image Recognition Market is anticipated to reach USD 77.69 billion by 2025. The market is anticipated to
witness a healthy growth rate in the years to come. Image recognition implies technique for processing,
sympathizing, acquiring, and scrutinizing images. To generate symbolic or numerical information from the real
world the image recognition gathers high-dimensional data. It uses disentangling of representational data from
image data using replica formed with the help of statistics, physics, learning theory, and geometry. On the other
hand, the high price of raw material as well as maintenance will be restraining factors for global image
recognition market. In addition, high cost of ownership of the image recognition tools is one of the reasons
hampering the market growth in the years to come. It is anticipated to grow at a significant CAGR of 19.2% in
the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market may be explored by techniques, applications, components, deployment mode, verticals, and
geography. Image Recognition Market may be explored by techniques as Facial Recognition, QR/Barcode
Recognition, Object Recognition, Optical Character Recognition, and Pattern Recognition. The “object
recognition” segment dominated the market in 2016 and it is anticipated to lead the market during the
forthcoming period due to high acceptance of image recognition devices in the retail segment as it supports
detection of an item without using barcodes. It also permits marketers to increase insights to help them and
connect with their customers by tracing objects from photos shared by customers on social media.
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Image Recognition Market may be explored by application as Augmented Reality, Scanning & Imaging, Image
Search, Marketing & Advertising Security, and Surveillance. The “Marketing & advertising” segment dominated
the Image Recognition Market in 2016 and anticipated to lead the market during the forthcoming period. Image
Recognition Market may be explored by components as Software, Service, and Hardware. The “software”
segment dominated the “components” section in the Image Recognition Market in 2016 and expected to lead
the market during the forthcoming period. This development is characterized by the growing use of devices
enabled with image recognition capabilities such as scanners and smartphones.
The market may be explored by deployment mode as On-Premise, and Cloud. Also, the market explored by
Vertical as Media & Entertainment, Automobile & Transportation, BFSI, Healthcare, Retail & E-commerce,
Telecom & IT, Government, and Others. The media and entertainment segment dominated Image Recognition
Market in 2016 and expected to continue with the same during the forthcoming period; which could be ascribed
to the ability of image recognition technology in removing commercial insights from images published on social
media.
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North America accounted for the major share of the market and will continue to rule the roost in the forecast
period due to increasing incorporation of image recognition and mobile computing platform in the field of digital
shopping and e-commerce. North America is followed by Asia-Pacific and Europe. Some of the key players that
fuel the growth of the Image Recognition Industry include Honeywell, LTU Technologies, catchoom, Itraff
Technology, Panasonic Corporation, Hitachi Ltd, Toshiba, NEC Corporation, Wikitude Gmbh and Qualcomm
Technologies. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures
in order to boost the inorganic growth of the industry.
Market Segment:
Image Recognition Technique Outlook (Revenue, USD Million, 2014 - 2025)
• QR/Barcode Recognition
• Object Recognition
• Facial Recognition
• Pattern Recognition
• Optical Character Recognition
Image Recognition Application Outlook (Revenue, USD Million, 2014 - 2025)
• Augmented Reality
• Scanning & Imaging

• Security & Surveillance
• Marketing & Advertising
• Image Search
Image Recognition Component Outlook (Revenue, USD Million, 2014 - 2025)
• Hardware
• Software
• Service
Image Recognition Deployment Mode Outlook (Revenue, USD Million, 2014 - 2025)
• On-Premise
• Cloud
Image Recognition Vertical Outlook (Revenue, USD Million, 2014 - 2025)
• Retail & E-commerce
• Media & Entertainment
• BFSI
• Automobile & Transportation
• Telecom & IT
• Government
• Healthcare
• Others
Image Recognition Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• India
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