The global image recognition market was valued at USD 22,429.7 million in 2018 and is expected to reach USD xx million by 2026, growing at a CAGR of 18.4% during the forecast period.
Image recognition is a method for collecting, processing, and scrutinizing images. Image recognition gathers a huge amount of data from the real world to generate symbolic or numerical information. The growth of the image recognition market is primarily driven by the increasing application of facial recognition in the financial industry and growing demand for security applications integrated with image recognition functions. Moreover, an upsurge in the usage of big data analytics across every industry vertical where image recognition plays a vital role is expected to create opportunities for the global image recognition market over the forecast period. However, the high installation cost of image recognition systems is expected to impede the growth of the global market over the forecast period.
Image Recognition Market Segmentation |
|
| By Recognition Technology | 1. Digital Image Processing |
| 2. Object Recognition | |
| 3. Facial Recognition | |
| 4. Optical Character Recognition (OCR) | |
| 5. Pattern Recognition | |
| 6. Barcode Recognition | |
| 7. Others | |
| By Component | 1. Hardware |
| 2. Software | |
| 3. Services | |
| By Deployment | 1. On-Premises |
| 2. Cloud | |
| By Application | 1. Security & Surveillance |
| 2. Scanning & Imaging | |
| 3. Augmented Reality | |
| 4. Marketing & Advertising | |
| 5. Others | |
| By End-use Industry | 1. Media & Entertainment |
| 2. BFSI | |
| 3. IT & Telecom | |
| 4. Retail | |
| 5. Healthcare | |
| 6. Transportation & Logistics | |
| 7. Government | |
| 8. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France, Italy, Spain and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India, South Korea, Southeast Asia and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The barcode recognition segment is estimated to dominate the market throughout the forecast period
Based on the recognition technology, the global image recognition market has been segmented into digital image processing, object recognition, facial recognition, optical character recognition (OCR), pattern recognition, barcode recognition, and others. The barcode recognition segment is expected to dominate the market during the forecast period. The barcode recognition technology involves the interpretation and identification of optical information regarding the object or product. Barcodes are usually represented as parallel lines or 2-dimensional square boxes. These are mainly used in cosmetic products, groceries, utensils, recreational materials, refreshment drinks, and accessories.
Based on applications, the security & surveillance segment is expected to grow at a CAGR of around xx% throughout the forecast period
Based on applications, the image recognition market has been segmented into security & surveillance, scanning & imaging, augmented reality, marketing & advertising, and others. The security & surveillance segment is expected to grow at a CAGR of around xx% during the forecast period. The image recognition technology is mainly integrated into devices that are used for content management, security & surveillance, car parking, and driver assistance. This technology is also being used in advertising and branding, where organizations are providing progressive marketing solutions to their customers which help a company in retaining its customers. Image recognition technology provides these solutions to industries and this is driving the global market.
North America to dominate the image recognition market throughout the forecast period
North America accounted for nearly xx% share of the global image recognition market in 2018 and is estimated to dominate the market throughout the forecast period. The growth of this region is due to the growing adoption of image recognition services in the retail & financial sector in the US and other countries of the region. Moreover, there is a high acceptance rate of growing technologies and continuous technological innovations in this region, which are some of the major factors that are expected to drive the growth of the North America image recognition market during the forecast period. Rising number of users of smartphones and other gadgets which are integrated with applications dedicated to image recognition is one of the major factors in accentuating the growth of the market for image recognition in North American region.
Company Profiles and Competitive Intelligence:
The major players operating in the global image recognition market are NEC Corporation (Japan), Qualcomm (US), Catchoom (Spain), Google Inc. (US), SAC Sirius Advanced Cybernetics GmbH (Germany), Hitachi, Ltd. (Japan), LTU Tech (France), Ricoh Innovations Corporation (US), Attrasoft, Inc. (US), Amazon Web Services Inc. (US), and Pattern Recognition Company GmbH (Germany), among others.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Image Recognition Market, 2016-2026, (US$ Mn)
2.1 Market Snapshot: Global Image Recognition Market
2.2 Market Dynamics
2.3 Global Image Recognition Market, by Segment, 2018
2.3.1 Global Image Recognition Market, by Recognition Technology, 2018, (US$ Mn)
2.3.2 Global Image Recognition Market, by Component, 2018, (US$ Mn)
2.3.3 Global Image Recognition Market, by Deployment, 2018, (US$ Mn)
2.3.4 Global Image Recognition Market, by Application, 2018, (US$ Mn)
2.3.5 Global Image Recognition Market, by End-use Industry, 2018, (US$ Mn)
2.3.6 Global Image Recognition Market, by Region, 2018 (US$ Mn)
2.4 Premium Insights
2.4.1 Image Recognition Market In Developed Vs. Developing Economies, 2018 vs 2026
2.4.2 Global Image Recognition Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Increasing applications of facial recognition from the financial industry
3.2.2 Growing demand for security applications integrated with image recognition functions
3.3 Market Restraints
3.3.1 High installation cost of image recognition system
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 Upsurge in the usage of big data analytics across every industry vertical
3.4.2 Opportunity 2
3.5 Industry Value Chain Analysis
3.5.1 Analyst’s Views
3.6 Industry SWOT Analysis
Chapter 4 Global Image Recognition Market, by Recognition Technology
4.1 Market Overview, by Recognition Technology
4.1.1 Global Image Recognition Market, by Recognition Technology, 2016-2026 (US$ Mn)
4.1.2 Incremental Opportunity, by Recognition Technology, From 2018-2026
4.2 Digital Image Processing
4.2.1 Global Image Recognition Market, by Digital Image Processing, 2016-2026, (US$ Mn)
4.3 Object Recognition
4.3.1 Global Image Recognition Market, by Object Recognition, 2016-2026, (US$ Mn)
4.4 Facial Recognition
4.4.1 Global Image Recognition Market, by Facial Recognition, 2016-2026, (US$ Mn)
4.5 Optical Character Recognition (OCR)
4.5.1 Global Image Recognition Market, by Optical Character Recognition (OCR), 2016-2026, (US$ Mn)
4.6 Pattern Recognition
4.6.1 Global Image Recognition Market, by Pattern Recognition, 2016-2026, (US$ Mn)
4.7 Barcode Recognition
4.7.1 Global Image Recognition Market, by Barcode Recognition, 2016-2026, (US$ Mn)
4.8 Others
4.8.1 Global Image Recognition Market, by Others, 2016-2026, (US$ Mn)
Chapter 5 Global Image Recognition Market, by Component
5.1 Market Overview, by Component
5.1.1 Global Image Recognition Market, by Component, 2016-2026 (US$ Mn)
5.1.2 Incremental Opportunity, by Component, From 2018-2026
5.2 Hardware
5.2.1 Global Image Recognition Market, by Hardware, 2016-2026, (US$ Mn)
5.3 Software
5.3.1 Global Image Recognition Market, by Software, 2016-2026, (US$ Mn)
5.4 Services
5.4.1 Global Image Recognition Market, by Services, 2016-2026, (US$ Mn)
Chapter 6 Global Image Recognition Market, by Deployment
6.1 Market Overview, by Deployment
6.1.1 Global Image Recognition Market, by Deployment, 2016-2026 (US$ Mn)
6.1.2 Incremental Opportunity, by Deployment, From 2018-2026
6.2 On-Premises
6.2.1 Global Image Recognition Market, by On-Premises, 2016-2026, (US$ Mn)
6.3 Cloud
6.3.1 Global Image Recognition Market, by Cloud, 2016-2026, (US$ Mn)
Chapter 7 Global Image Recognition Market, by Application
7.1 Market Overview, by Application
7.1.1 Global Image Recognition Market, by Application, 2016-2026 (US$ Mn)
7.1.2 Incremental Opportunity, by Application, From 2018-2026
7.2 Security & Surveillance
7.2.1 Global Image Recognition Market, by Security & Surveillance, 2016-2026, (US$ Mn)
7.3 Scanning & Imaging
7.3.1 Global Image Recognition Market, by Scanning & Imaging, 2016-2026, (US$ Mn)
7.4 Augmented Reality
7.4.1 Global Image Recognition Market, by Augmented Reality, 2016-2026, (US$ Mn)
7.5 Marketing & Advertising
7.5.1 Global Image Recognition Market, by Marketing & Advertising, 2016-2026, (US$ Mn)
7.6 Others
7.6.1 Global Image Recognition Market, by Others, 2016-2026, (US$ Mn)
Chapter 8 Global Image Recognition Market, by End-use Industry
8.1 Market Overview, by End-use Industry
8.1.1 Global Image Recognition Market, by End-use Industry, 2016-2026 (US$ Mn)
8.1.2 Incremental Opportunity, by End-use Industry, From 2018-2026
8.2 Media & Entertainment
8.2.1 Global Image Recognition Market, by Media & Entertainment, 2016-2026, (US$ Mn)
8.3 BFSI
8.3.1 Global Image Recognition Market, by BFSI, 2016-2026, (US$ Mn)
8.4 IT & Telecom
8.4.1 Global Image Recognition Market, by IT & Telecom, 2016-2026, (US$ Mn)
8.5 Retail
8.5.1 Global Image Recognition Market, by Retail, 2016-2026, (US$ Mn)
8.6 Healthcare
8.6.1 Global Image Recognition Market, by Healthcare, 2016-2026, (US$ Mn)
8.7 Transportation & Logistics
8.7.1 Global Image Recognition Market, by Transportation & Logistics, 2016-2026, (US$ Mn)
8.8 Government
8.8.1 Global Image Recognition Market, by Government, 2016-2026, (US$ Mn)
8.9 Others
8.9.1 Global Image Recognition Market, by Others, 2016-2026, (US$ Mn)
Chapter 9 Global Image Recognition Market, by Region
9.1 Market Overview, by Region
9.1.1 Global Image Recognition Market, by Region, 2016-2026, (US$ Mn)
9.2 Attractive Investment Opportunity, by Region, 2018
9.3 North America Image Recognition Market
9.3.1 North America Image Recognition Market, by Recognition Technology, 2016-2026 (US$ Mn)
9.3.2 North America Image Recognition Market, by Component, 2016-2026 (US$ Mn)
9.3.1 North America Image Recognition Market, by Deployment, 2016-2026 (US$ Mn)
9.3.2 North America Image Recognition Market, by Application, 2016-2026 (US$ Mn)
9.3.3 North America Image Recognition Market, by End-use Industry, 2016-2026 (US$ Mn)
9.3.4 United States Country Profile
9.3.4.1 United States Image Recognition Market, 2016-2026 (US$ Mn)
9.3.5 Canada Country Profile
9.3.5.1 Canada Image Recognition Market, 2016-2026 (US$ Mn)
9.4 Europe Image Recognition Market
9.4.1 Europe Image Recognition Market, by Recognition Technology, 2016-2026 (US$ Mn)
9.4.2 Europe Image Recognition Market, by Component, 2016-2026 (US$ Mn)
9.4.3 Europe Image Recognition Market, by Deployment, 2016-2026 (US$ Mn)
9.4.4 Europe Image Recognition Market, by Application, 2016-2026 (US$ Mn)
9.4.5 Europe Image Recognition Market, by End-use Industry, 2016-2026 (US$ Mn)
9.4.6 United Kingdom Country Profile
9.4.6.1 United Kingdom Image Recognition Market, 2016-2026 (US$ Mn)
9.4.7 Germany Country Profile
9.4.7.1 Germany Image Recognition Market, 2016-2026 (US$ Mn)
9.4.8 France Country Profile
9.4.8.1 France Image Recognition Market, 2016-2026 (US$ Mn)
9.4.9 Italy Country Profile
9.4.9.1 Italy Image Recognition Market, 2016-2026 (US$ Mn)
9.4.10 Spain Country Profile
9.4.10.1 Spain Image Recognition Market, 2016-2026 (US$ Mn)
9.4.11 Rest of Europe
9.4.11.1 Rest of Europe Image Recognition Market, 2016-2026 (US$ Mn)
9.5 Asia Pacific Image Recognition Market
9.5.1 Asia Pacific Image Recognition Market, by Recognition Technology, 2016-2026 (US$ Mn)
9.5.2 Asia Pacific Image Recognition Market, by Component, 2016-2026 (US$ Mn)
9.5.3 Asia Pacific Image Recognition Market, by Deployment, 2016-2026 (US$ Mn)
9.5.4 Asia Pacific Image Recognition Market, by Application, 2016-2026 (US$ Mn)
9.5.5 Asia Pacific Image Recognition Market, by End-use Industry, 2016-2026 (US$ Mn)
9.5.6 China Country Profile
9.5.6.1 China Image Recognition Market, 2016-2026 (US$ Mn)
9.5.7 Japan Country Profile
9.5.7.1 Japan Image Recognition Market, 2016-2026 (US$ Mn)
9.5.8 India Country Profile
9.5.8.1 India Image Recognition Market, 2016-2026 (US$ Mn)
9.5.9 South Korea Country Profile
9.5.9.1 South Korea Image Recognition Market, 2016-2026 (US$ Mn)
9.5.10 Southeast Asia
9.5.10.1 Southeast Asia Image Recognition Market, 2016-2026 (US$ Mn)
9.5.11 Rest of Asia Pacific
9.5.11.1 Rest of Asia Pacific Image Recognition Market, 2016-2026 (US$ Mn)
9.6 Latin America Image Recognition Market
9.6.1 Latin America Image Recognition Market, by Recognition Technology, 2016-2026 (US$ Mn)
9.6.2 Latin America Image Recognition Market, by Component, 2016-2026 (US$ Mn)
9.6.3 Latin America Image Recognition Market, by Deployment, 2016-2026 (US$ Mn)
9.6.4 Latin America Image Recognition Market, by Application, 2016-2026 (US$ Mn)
9.6.5 Latin America Image Recognition Market, by End-use Industry, 2016-2026 (US$ Mn)
9.6.6 Brazil Country Profile
9.6.6.1 Brazil Image Recognition Market, 2016-2026 (US$ Mn)
9.6.7 Mexico Country Profile
9.6.7.1 Mexico Image Recognition Market, 2016-2026 (US$ Mn)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Image Recognition Market, 2016-2026 (US$ Mn)
9.7 Middle East & Africa Image Recognition Market
9.7.1 Middle East & Africa Image Recognition Market, by Recognition Technology, 2016-2026 (US$ Mn)
9.7.2 Middle East & Africa Image Recognition Market, by Component, 2016-2026 (US$ Mn)
9.7.3 Middle East & Africa Image Recognition Market, by Deployment, 2016-2026 (US$ Mn)
9.7.4 Middle East & Africa Image Recognition Market, by Application, 2016-2026 (US$ Mn)
9.7.5 Middle East & Africa Image Recognition Market, by End-use Industry, 2016-2026 (US$ Mn)
9.7.6 GCC
9.7.6.1 GCC Image Recognition Market, 2016-2026 (US$ Mn)
9.7.7 Rest of Middle East & Africa
9.7.7.1 Rest of Middle East & Africa Image Recognition Market, 2016-2026 (US$ Mn)
Chapter 10 Competitive Intelligence
10.1 Introduction
10.2 Players Evaluated During the Study
10.3 Market Players Present in Market Life Cycle
10.4 Top 5 Players Comparison
10.5 Market Positioning of Key Players, 2018
10.6 Market Players Mapping
10.6.1 By Recognition Technology
10.6.2 By Component
10.6.1 By Deployment
10.6.2 By Application
10.6.3 By End-use Industry
10.6.4 By Region
10.7 Strategies Adopted by Key Market Players
10.8 Recent Developments in the Market
10.8.1 Mergers & Acquisitions, Partnership, New Product Developments
10.9 Operational Efficiency Comparison by Key Players
Chapter 11 Company Profiles
11.1 NEC Corporation
11.1.1 NEC Corporation Overview
11.1.2 Key Stakeholders/Person in NEC Corporation
11.1.3 NEC Corporation Products Portfolio
11.1.4 NEC Corporation Financial Overview
11.1.5 NEC Corporation News/Recent Developments
11.2 Qualcomm
11.2.1 Qualcomm Overview
11.2.2 Key Stakeholders/Person in Qualcomm
11.2.3 Qualcomm Products Portfolio
11.2.4 Qualcomm Financial Overview
11.2.5 Qualcomm News/Recent Developments
11.3 Catchoom
11.3.1 Catchoom Overview
11.3.2 Key Stakeholders/Person in Catchoom
11.3.3 Catchoom Products Portfolio
11.3.4 Catchoom Financial Overview
11.3.5 Catchoom News/Recent Developments
11.4 Google Inc.
11.4.1 Google Inc. Overview
11.4.2 Key Stakeholders/Person in Google Inc.
11.4.3 Google Inc. Products Portfolio
11.4.4 Google Inc. Financial Overview
11.4.5 Google Inc. News/Recent Developments
11.5 SAC Sirius Advanced Cybernetics GmbH
11.5.1 SAC Sirius Advanced Cybernetics GmbH Overview
11.5.2 Key Stakeholders/Person in SAC Sirius Advanced Cybernetics GmbH
11.5.3 SAC Sirius Advanced Cybernetics GmbH Products Portfolio
11.5.4 SAC Sirius Advanced Cybernetics GmbH Financial Overview
11.5.5 SAC Sirius Advanced Cybernetics GmbH News/Recent Developments
11.6 Hitachi, Ltd.
11.6.1 Hitachi, Ltd. Overview
11.6.2 Key Stakeholders/Person in Hitachi, Ltd.
11.6.3 Hitachi, Ltd. Products Portfolio
11.6.4 Hitachi, Ltd. Financial Overview
11.6.5 Hitachi, Ltd. News/Recent Developments
11.7 LTU Tech
11.7.1 LTU Tech Overview
11.7.2 Key Stakeholders/Person in LTU Tech
11.7.3 LTU Tech Products Portfolio
11.7.4 LTU Tech Financial Overview
11.7.5 LTU Tech News/Recent Developments
11.8 Ricoh Innovations Corporation
11.8.1 Ricoh Innovations Corporation Overview
11.8.2 Key Stakeholders/Person in Ricoh Innovations Corporation
11.8.3 Ricoh Innovations Corporation Products Portfolio
11.8.4 Ricoh Innovations Corporation Financial Overview
11.8.5 Ricoh Innovations Corporation News/Recent Developments
11.9 Attrasoft, Inc.
11.9.1 Attrasoft, Inc. Overview
11.9.2 Key Stakeholders/Person in Attrasoft, Inc.
11.9.3 Attrasoft, Inc. Products Portfolio
11.9.4 Attrasoft, Inc. Financial Overview
11.9.5 Attrasoft, Inc. News/Recent Developments
11.10 Pattern Recognition Company GmbH
11.10.1 Pattern Recognition Company GmbH Overview
11.10.2 Key Stakeholders/Person in Pattern Recognition Company GmbH
11.10.3 Pattern Recognition Company GmbH Products Portfolio
11.10.4 Pattern Recognition Company GmbH Financial Overview
11.10.5 Pattern Recognition Company GmbH News/Recent Developments
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