Image Recognition Market Size, Share, Opportunities, And Trends By Component (Hardware, Software, Services), By End Users (Communication and Technology, BFSI, Media and Entertainment, Healthcare, Retail, Transportation & Logistics, Others), And Geography - Forecasts From 2025 To 2030

Image Recognition Market is projected to grow at a CAGR of 11.52% between 2025 to 2030.

The growth of the image recognition market is being fuelled by the rapid growth of communication and technology and consumer electronics industries worldwide which are opening doors to immense growth opportunities for next-generation technologies. Huge investments into research and development across these industries are accelerating technological advancements and innovation. As this continues, new technologies like image recognition are being incorporated into solutions in order to expand the capabilities and value these solutions offer to the customers. This is a major factor driving the market growth for image recognition technology. Growing disposable incomes across many regions are increasing the demand for technology-intensive solutions among people. This is also increasing the adoption of image recognition technology, among many other advanced technologies, thus boosting the market growth.

DRIVERS
Rapid growth of end-user industries
Rising investments in R&D

RESTRAINTS
Large storage requirement for multi-media data

INDUSTRY UPDATE
In 2017, Brandatch launched Brandwatch Image Insight, an image-recognition platform.
In 2018, Sotheby acquired Thread Genius to build its image recognition and recommendation technology.

The major players profiled in the Image Recognition market include Qualcomm Incorporated, NEC Corporation, Google Inc., LTU Tech, Catchoom Technologies S.L., Hitachi Ltd, Slyce Inc., Wikitude GmbH, and Attrasoft Inc.

Segmentation

The image recognition market has been analyzed through the following segments:

By Component
Hardware
Software
Services

By End-User Industry
Communication and Technology
BFSI
Retail
Government
Media and Entertainment
Healthcare
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
United Kingdom
Germany
France
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
Australia
India
Others

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. IMAGE RECOGNITION MARKET BY COMPONENT
5.1. Hardware
5.2. Software
5.3. Services
6. IMAGE RECOGNITION MARKET BY END-USER INDUSTRY
6.1. Communication and Technology
6.2. BFSI
6.3. Retail
6.4. Government
6.5. Media and Entertainment
6.6. Healthcare
6.7. Others
7. IMAGE RECOGNITION MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. United Kingdom
7.3.2. Germany
7.3.3. France
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. Australia
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investmentss and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Qualcomm Incorporated
9.2. NEC Corporation
9.3. Google Inc.
9.4. LTU Tech
9.5. Catchoom Technologies S.L.
9.6. Hitachi Ltd
9.7. Slyce Inc.
9.8. Wikitude GmbH
9.9. Attrasoft Inc.
LIST OF FIGURES
LIST OF TABLES

Qualcomm Incorporated
NEC Corporation
Google Inc.
LTU Tech
Catchoom Technologies S.L.
Hitachi Ltd
Slyce Inc.
Wikitude GmbH
Attrasoft Inc.