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Image Recognition Market by Technology (Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Pattern Recognition, and Optical Character Recognition), by Component (Hardware, Software, and Services), by Application (Scanning & Imaging, Security & Surveillance, Image Search, Augmented Reality, and Marketing & Advertising), by Deployment (On-Premises and Cloud), and by Industry Vertical (BFSI, Media & Entertainment, Retail & Consumer Goods, IT & Telecom, Government, Healthcare, Transportation & Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 23-May-2019 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-1001 Status : Published

Global image recognition market expected to reach approximately USD 39.87 billion by 2025, at a CAGR of around 18.3% between 2019 and 2025. Image recognition technology is used in various applications including advertising, automation of factory and malls, security surveillance, monitoring purpose, etc., which is the primary growth factor of the global image recognition market.

Description

The report covers a forecast and an analysis of the image recognition market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the image recognition market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities and threats to the image recognition market on a global level.

To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Image Recognition Market

The study provides a decisive view of the image recognition market by segmenting it based on technology, component, application, deployment, industry vertical, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.

Some key players of the global image recognition market are Google, Honeywell International, Hitachi, LTU Technologies, Slyce, NEC Corporation, Qualcomm Incorporated, Catchoom, Wikitude, and Tetrasoft.

This report segments the global image recognition market into:

Global Image Recognition Market: Technology Analysis

  • Code Recognition
  • Digital Image Processing
  • Facial Recognition
  • Object Recognition
  • Pattern Recognition
  • Optical Character Recognition

Global Image Recognition Market: Component Analysis

  • Hardware
  • Software
  • Services

Global Image Recognition Market: Application Analysis

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

Global Image Recognition Market: Deployment Analysis

  • On-Premises
  • Cloud

Global Image Recognition Market: Industry Vertical Analysis

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

Global Image Recognition Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Image Recognition Market, 2015-2025 (USD Billion)
    • 2.2. Global Image Recognition Market: Snapshot
  •  
  • Chapter 3. Image Recognition Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Image Recognition Market Drivers: Impact Analysis
    • 3.3. Market Restraints
    • 3.4. Opportunities
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market Attractiveness Analysis, by Technology
      • 3.6.2. Market Attractiveness Analysis, by Component
      • 3.6.3. Market Attractiveness Analysis, by Application
      • 3.6.4. Market Attractiveness Analysis, by Deployment
      • 3.6.5. Market Attractiveness Analysis, by Industry Vertical
      • 3.6.6. Market Attractiveness Analysis, by Region
  •  
  • Chapter 4. Global Image Recognition Market - Competitive Landscape
    • 4.1. Company Market Share, 2018 (Subject To Data Availability)
      • 4.1.1. Global Image Recognition Market: Company Market Share, 2018
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Launch
      • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.2.4. Research and Development and Regional Expansion
    • 4.3. Portfolio
  •  
  • Chapter 5. Global Image Recognition Market - Technology Analysis
    • 5.1. Global Image Recognition Market: Category Overview
      • 5.1.1. Global Image Recognition Market Revenue Share, by Technology, 2018 and 2025
    • 5.2. Code Recognition
      • 5.2.1. Global Image Recognition Market for Code Recognition, 2015-2025 (USD Billion)
    • 5.3. Digital Image Processing
      • 5.3.1. Global Image Recognition Market for Digital Image Processing, 2015-2025 (USD Billion)
    • 5.4. Facial Recognition
      • 5.4.1. Global Image Recognition Market for Facial Recognition, 2015-2025 (USD Billion)
    • 5.5. Object Recognition
      • 5.5.1. Global Image Recognition Market for Object Recognition, 2015-2025 (USD Billion)
    • 5.6. Pattern Recognition
      • 5.6.1. Global Image Recognition Market for Pattern Recognition, 2015-2025 (USD Billion)
    • 5.7. Optical Character Recognition
      • 5.7.1. Global Image Recognition Market for Optical Character Recognition, 2015-2025 (USD Billion)
  •  
  • Chapter 6. Global Image Recognition Market - Application Analysis
    • 6.1. Global Image Recognition Market: Application Overview
      • 6.1.1. Global Image Recognition Market Revenue Share, by Application, 2018 and 2025
    • 6.2. Scanning & Imaging
      • 6.2.1. Global Image Recognition Market for Scanning & Imaging, 2015-2025 (USD Billion)
    • 6.3. Security & Surveillance
      • 6.3.1. Global Image Recognition Market for Security & Surveillance, 2015-2025 (USD Billion)
    • 6.4. Image Search
      • 6.4.1. Global Image Recognition Market for Image Search, 2015-2025 (USD Billion)
    • 6.5. Augmented Reality
      • 6.5.1. Global Image Recognition Market for Augmented Reality, 2015-2025 (USD Billion)
    • 6.6. Marketing & Advertising
      • 6.6.1. Global Image Recognition Market for Marketing & Advertising, 2015-2025 (USD Billion)
  •  
  • Chapter 7. Global Image Recognition Market - Component Analysis
    • 7.1. Global Image Recognition Market: Component Overview
      • 7.1.1. Global Image Recognition Market Revenue Share, by Component, 2018 and 2025
    • 7.2. Hardware
      • 7.2.1. Global Image Recognition Market for Hardware, 2015-2025 (USD Billion)
    • 7.3. Software
      • 7.3.1. Global Image Recognition Market for Software, 2015-2025 (USD Billion)
    • 7.4. Services
      • 7.4.1. Global Image Recognition Market for Services, 2015-2025 (USD Billion)
  •  
  • Chapter 8. Global Image Recognition Market - Industry Vertical Analysis
    • 8.1. Global Image Recognition Market: Category Overview
      • 8.1.1. Global Image Recognition Market Revenue Share, by Industry Category, 2018 and 2025
    • 8.2. BFSI
      • 8.2.1. Global Image Recognition Market for BFSI, 2015-2025 (USD Billion)
    • 8.3. Media & Entertainment
      • 8.3.1. Global Image Recognition Market for Media & Entertainment, 2015-2025 (USD Billion)
    • 8.4. Retail & Consumer Goods
      • 8.4.1. Global Image Recognition Market for Retail & Consumer Goods, 2015-2025 (USD Billion)
    • 8.5. IT & Telecom
      • 8.5.1. Global Image Recognition Market for IT & Telecom, 2015-2025 (USD Billion)
    • 8.6. Government
      • 8.6.1. Global Image Recognition Market for Government, 2015-2025 (USD Billion)
    • 8.7. Healthcare
      • 8.7.1. Global Image Recognition Market for Healthcare, 2015-2025 (USD Billion)
    • 8.8. Transportation & Logistics
      • 8.8.1. Global Image Recognition Market for Transportation & Logistics, 2015-2025 (USD Billion)
    • 8.9. Others
      • 8.9.1. Global Image Recognition Market for Others, 2015-2025 (USD Billion)
  •  
  • Chapter 9. Global Image Recognition Market - Deployment Analysis
    • 9.1. Global Image Recognition Market: Deployment Overview
      • 9.1.1. Global Image Recognition Market Revenue Share, by Deployment, 2018 and 2025
    • 9.2. On-Premises
      • 9.2.1. Global Image Recognition Market for On-Premises, 2015-2025 (USD Billion)
    • 9.3. Cloud
      • 9.3.1. Global Image Recognition Market for Cloud, 2015-2025 (USD Billion)
  •  
  • Chapter 10. Global Image Recognition Market - Regional Analysis
    • 10.1. Global Image Recognition Market: Regional Overview
      • 10.1.1. Global Image Recognition Market Revenue Share, by Region, 2018 and 2025
    • 10.2. North America
      • 10.2.1. North America Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
      • 10.2.2. North America Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
      • 10.2.3. North America Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
      • 10.2.4. North America Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
      • 10.2.5. North America Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.2.6. The U.S.
        • 10.2.6.1. The U.S. Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.2.6.2. The U.S. Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.2.6.3. The U.S. Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.2.6.4. The U.S. Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.2.6.5. The U.S. Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.2.7. Rest of North America
        • 10.2.7.1. Rest of North America Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.2.7.2. Rest of North America Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.2.7.3. Rest of North America Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.2.7.4. Rest of North America Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.2.7.5. Rest of North America Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
    • 10.3. Europe
      • 10.3.1. Europe Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
      • 10.3.2. Europe Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
      • 10.3.3. Europe Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
      • 10.3.4. Europe Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
      • 10.3.5. Europe Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.3.6. UK
        • 10.3.6.1. UK Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.3.6.2. UK Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.3.6.3. UK Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.3.6.4. UK Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.3.6.5. UK Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.3.7. France
        • 10.3.7.1. France Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.3.7.2. France Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.3.7.3. France Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.3.7.4. France Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.3.7.5. France Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.3.8. Germany
        • 10.3.8.1. Germany Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.3.8.2. Germany Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.3.8.3. Germany Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.3.8.4. Germany Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.3.8.5. Germany Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.3.9. Rest of Europe
        • 10.3.9.1. Rest of Europe Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.3.9.2. Rest of Europe Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.3.9.3. Rest of Europe Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.3.9.4. Rest of Europe Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.3.9.5. Rest of Europe Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
    • 10.4. Asia Pacific
      • 10.4.1. Asia Pacific Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
      • 10.4.2. Asia Pacific Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
      • 10.4.3. Asia Pacific Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
      • 10.4.4. Asia Pacific Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
      • 10.4.5. Asia Pacific Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.4.6. China
        • 10.4.6.1. China Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.4.6.2. China Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.4.6.3. China Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.4.6.4. China Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.4.6.5. China Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.4.7. Japan
        • 10.4.7.1. Japan Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.4.7.2. Japan Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.4.7.3. Japan Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.4.7.4. Japan Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.4.7.5. Japan Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.4.8. India
        • 10.4.8.1. India Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.4.8.2. India Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.4.8.3. India Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.4.8.4. India Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.4.8.5. India Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.4.9. Rest of Asia Pacific
        • 10.4.9.1. Rest of Asia Pacific Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.4.9.2. Rest of Asia Pacific Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.4.9.3. Rest of Asia Pacific Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.4.9.4. Rest of Asia Pacific Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.4.9.5. Rest of Asia Pacific Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
    • 10.5. Latin America
      • 10.5.1. Latin America Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
      • 10.5.2. Latin America Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
      • 10.5.3. Latin America Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
      • 10.5.4. Latin America Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
      • 10.5.5. Latin America Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.5.6. Brazil
        • 10.5.6.1. Brazil Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.5.6.2. Brazil Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.5.6.3. Brazil Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.5.6.4. Brazil Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.5.6.5. Brazil Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
      • 10.5.7. Rest of Latin America
        • 10.5.7.1. Rest of Latin America Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
        • 10.5.7.2. Rest of Latin America Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
        • 10.5.7.3. Rest of Latin America Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
        • 10.5.7.4. Rest of Latin America Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
        • 10.5.7.5. Rest of Latin America Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
    • 10.6. The Middle East and Africa
      • 10.6.1. The Middle East and Africa Image Recognition Market Revenue, by Technology, 2015-2025 (USD Billion)
      • 10.6.2. The Middle East and Africa Image Recognition Market Revenue, by Application, 2015-2025 (USD Billion)
      • 10.6.3. The Middle East and Africa Image Recognition Market Revenue, by Component, 2015-2025 (USD Billion)
      • 10.6.4. The Middle East and Africa Image Recognition Market Revenue, by Deployment, 2015-2025 (USD Billion)
      • 10.6.5. The Middle East and Africa Image Recognition Market Revenue, by Industry Vertical, 2015-2025 (USD Billion)
  •  
  • Chapter 11. Company Profile
    • 11.1. Google
      • 11.1.1. Overview
      • 11.1.2. Financials
      • 11.1.3. Type portfolio
      • 11.1.4. Business strategy
      • 11.1.5. Recent developments
    • 11.2. Honeywell International
      • 11.2.1. Overview
      • 11.2.2. Financials
      • 11.2.3. Type portfolio
      • 11.2.4. Business strategy
      • 11.2.5. Recent developments
    • 11.3. Hitachi
      • 11.3.1. Overview
      • 11.3.2. Financials
      • 11.3.3. Type portfolio
      • 11.3.4. Business strategy
      • 11.3.5. Recent developments
    • 11.4. LTU Technologies
      • 11.4.1. Overview
      • 11.4.2. Financials
      • 11.4.3. Type portfolio
      • 11.4.4. Business strategy
      • 11.4.5. Recent developments
    • 11.5. Slyce
      • 11.5.1. Overview
      • 11.5.2. Financials
      • 11.5.3. Type portfolio
      • 11.5.4. Business strategy
      • 11.5.5. Recent developments
    • 11.6. NEC Corporation
      • 11.6.1. Overview
      • 11.6.2. Financials
      • 11.6.3. Type portfolio
      • 11.6.4. Business strategy
      • 11.6.5. Recent developments
    • 11.7. Qualcomm Incorporated
      • 11.7.1. Overview
      • 11.7.2. Financials
      • 11.7.3. Type portfolio
      • 11.7.4. Business strategy
      • 11.7.5. Recent developments

Methodology

Free Analysis

Image recognition is a software device that is used to recognize the place, object, writing, actions, machine-based tasks, etc. Image recognition mainly includes camera and artificial intelligence, which helps to complete the process of image recognition. The image-based virtual tasks and barcode scanning are two primary tasks performed by the image recognition software device. Furthermore, self-driven cars and handling robot systems also use the image recognition system.

Image recognition technology is used in various applications including advertising, automation of factory and malls, security surveillance, monitoring purpose, etc., which is the primary growth factor of the global image recognition market. Several key players are working on image recognition software to develop their own software application that has advanced security features and data surveillance. Key players, such as Google, Facebook, etc., are investing majorly in advancing their research and development activities related to image recognition technology, which is also fuelling this global market. However, technological issues and the lack of awareness about image recognition system may restrain the global image recognition market.

Global Image Recognition Market

The global image recognition market is divided based on technology, component, application, deployment, and industry vertical. By technology, the global image recognition market includes code recognition, digital image processing, facial recognition, object recognition, pattern recognition, and optical character recognition. The facial recognition segment is predicted to account for a significant share of the global market, due to its various applications for non-law and law enforcement. For example, west Australia implemented digital image processing on the purchase of alcoholic beverages by individuals. The component segment of the market includes hardware, services, and software. By industry vertical, the global image recognition market is classified into BFSI, media and entertainment, retail and consumer goods, IT and telecom, government, healthcare, transportation and logistics, and others. The media and entertainment segment accounted for a dominant share in the global market in 2018. Cloud and on-premises comprise the deployment segment of the market. By application, the global image recognition market is classified as scanning & imaging, security and surveillance, image search, augmented reality, and marketing and advertising. The security and surveillance segment accounted for the dominant market share, owing to the technological benefits like security and protection of virtual data and forensic identification.

By geography, the North American image recognition market is projected to grow substantially over the forecast time period, owing to the growing use of image recognition in malls, e-commerce platforms, and government work and increasing investments made for technological developments.

Some key players of the global image recognition market are Google, Honeywell International, Hitachi, LTU Technologies, Slyce, NEC Corporation, Qualcomm Incorporated, Catchoom, Wikitude, and Tetrasoft.

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