Global Image Recognition Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026

Date : May 2020

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Report ID : 268

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Category : Information Technology

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Report Format:  PDF EXCEL PPT WORD

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.

Global Image Recognition Market Size, 2016-2026, (US$ Mn)

Image Recognition Market

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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