The global image recognition market size is expected to reach USD 80.29 Billion at a steady CAGR of 15.3% in 2028, according to latest analysis by Emergen Research. Other factors include growing demand for face recognition in tablets, smartphones, and personal computers due to technological advancements. Increasing budgets for homeland security and defense spending by government in countries such as China, Russia, and India is also contributing to growth of the market to a significant extent. In February 2020, Department of Homeland Security officials detailed the use of facial recognition technologies by the administration across the U.S. To date, over 43.7 million individuals have been scanned at border crossings, outbound ships, and elsewhere by various systems. Facial recognition identified 252 persons attempting to use a combined 75 U.S. travel documents belonging to someone else, around 7% under the age of 18 and 20% of who had criminal records.

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Table of Contents:

• Chapter 1 includes an introduction of the global Image Recognition market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
• Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
• Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
• In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
• Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.

Key players in the market include:

IBM Corporation, Qualcomm, Honeywell, Toshiba, Microsoft, Huawei, Oracle, NEC Corporation, Catchoom, and Slyce.

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Emergen Research has segmented the global image recognition market on the basis of component, application, deployment mode, technique, industry vertical, and region:

• Component Outlook (Revenue, USD Billion; 2018–2028)
• Hardware
• Software
• Services

• Application Outlook (Revenue, USD Billion; 2018–2028)
• Security and Surveillance
• Scanning and Imaging
• Augmented Reality
• Image Search
• Marketing and Advertising

• Deployment Mode Outlook (Revenue, USD Billion; 2018–2028)
• On-premises
• Cloud

• Technique Outlook (Revenue, USD Billion; 2018–2028)
• Object Recognition
• QR/ Barcode Recognition
• Pattern Recognition
• Facial Recognition
• Optical Character Recognition

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Valuable Market Insights:

• The report highlights the latest trends observed in the consumption pattern of each regional segment.
• Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
• The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Image Recognition market.
• The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

Regional Segmentation

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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