TMCnet News

AI Image Recognition Market to grow by USD 3.56 Billion by 2026, Evolving Opportunities with Samsung Electronics Co. Ltd, Slyce Acquisition Inc., Vispera information technologies - Technavio
[November 21, 2022]

AI Image Recognition Market to grow by USD 3.56 Billion by 2026, Evolving Opportunities with Samsung Electronics Co. Ltd, Slyce Acquisition Inc., Vispera information technologies - Technavio


NEW YORK, Nov. 21, 2022 /PRNewswire/ -- The AI image recognition market is projected to grow by USD 3.56 billion during 2021-2026, progressing at a CAGR of 22.37% during the forecast period, according to Technavio. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Amazon.com Inc., Clarifai Inc., Hitachi Ltd., Honeywell International Inc., International Business Machines Corp., Intel Corp., LTU TECH, Micron Technology Inc., Microsoft Corp., NEC Corp., NVIDIA Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Slyce Acquisition Inc., Vispera information technologies, Wikitude GmbH, and Xilinx Inc. are some of the major market participants. Request a Free Sample Report.

AI Image Recognition Market 2022-2026: Vendor Analysis

The global AI image recognition market is characterized by the presence of various regional and international players. These manufacturers have a vast geographical presence, large production facilities, and significant market shares. The intense competition among manufacturers poses a risk to their operations. High product differentiation among manufacturers intensifies the competition in the market. Hence, to thrive in such a competitive environment, it becomes imperative for manufacturers to differentiate their product offerings through a clear and unique value proposition.

  • Samsung Electronics Co. Ltd.: The company offers artificial image recognition which uses machine learning to understand images, read handwriting and build valuable image metadata with industry-leading prediction accuracy.
  • Slyce Acquisition Inc.: The company offers artificial image recognition in the form of pre-trained and customizable computer vision capabilities to extract information and insights from images and videos.
  • Vispera information technologies: The company offers artificial intelligence-powered software solutions along with specialization in deep learning models used for understanding unstructured image, video, text and audio data.


To find additional highlights on the growth strategies adopted by vendors and their
product offerings, Read Free Sample Report.

AI Image Recognition Market 2022-2026: Segmentation
  • By End-user
    • BFSI 
      • The BFSI industry is a significant contributor to AI image recognition, with companies in the sector relying on the technology for a wide range of applications, including personalizing customer communications, remaining competitive in a market that is constantly changing, and dramatically increasing productivity through automation of tedious tasks. The market is anticipated to have significant growth during the forecast period due to the increasing significance of image processing and recognition applications of AI in the BFSI sector.
    • Automotive
    • Retail
    • Security
    • Others
  • By Geography
    • North America
      • North America will account for 60% of market growth. The US is the primary market for AI image recognition in North America. The market in this region will grow more slowly than the markets in South America, APAC, and MEA. The increasing R&D spending on AI technology by the public and private sectors will support the expansion of the AI image recognition market in North America. T
    • APAC
    • Europe
    • South America
    • Middle East And Africa

Learn more about the additional trends impacting the future of the market and the
positive and negative consequences on the businesses, Buy a sample report.

AI Image Recognition Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our AI image recognition market report covers the following areas:

The advances in the medical imaging field, declining costs of hardware, and increased investments in the image recognition field will offer immense growth opportunities. However, growing concerns regarding data privacy and security might hamper the market growth. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

AI Image Recognition Market 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist AI image recognition market growth during the next five years
  • Estimation of the AI image recognition market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the AI image recognition market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of AI image recognition market vendors

Get lifetime access to our Technavio Insights! Subscribe to our "Basic Plan" billed
annually at USD 5000
.

Related Reports:

Global Social Media Management Software Market by Deployment and Geography - Forecast and Analysis 2022-2026: The report extensively covers the social media management software market segmentation by deployment (cloud-based and on-premises) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). 

Women Health App Market by Type and Geography - Forecast and Analysis 2022-2026: The report extensively covers the women health app market segmentation by type (menstrual health, fitness and nutrition, pregnancy tracking, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).





AI Image Recognition Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 22.37%

Market growth 2022-2026

$3.56 billion

Market structure

Fragmented

YoY growth (%)

21.27

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 60%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alphabet Inc., Amazon.com Inc., Clarifai Inc., Hitachi Ltd., Honeywell International Inc., International Business Machines Corp., Intel Corp., LTU TECH, Micron Technology Inc., Microsoft Corp., NEC Corp., NVIDIA Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Slyce Acquisition Inc., Vispera information technologies, Wikitude GmbH, and Xilinx Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Table of Content

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments 
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user 
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 BFSI - Market size and forecast 2021-2026
    • Exhibit 28: Chart on BFSI - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on BFSI - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on BFSI - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on BFSI - Year-over-year growth 2021-2026 (%)
  • 5.4 Automotive - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
  • 5.5 Retail - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Retail - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Retail - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Retail - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Retail - Year-over-year growth 2021-2026 (%)
  • 5.6 Security - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Security - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Security - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Security - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Security - Year-over-year growth 2021-2026 (%)
  • 5.7 Others - Market size and forecast 2021-2026
    • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by End-user 
    • Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 52: Chart on Geographic comparison
    • Exhibit 53: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 APAC - Market size and forecast 2021-2026
    • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 97: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 99: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 100: Matrix on vendor position and classification
  • 10.3 Alphabet Inc. 
    • Exhibit 101: Alphabet Inc. - Overview
    • Exhibit 102: Alphabet Inc. - Business segments
    • Exhibit 103: Alphabet Inc. - Key news
    • Exhibit 104: Alphabet Inc. - Key offerings
    • Exhibit 105: Alphabet Inc. - Segment focus
  • 10.4 Amazon.com Inc. 
    • Exhibit 106: Amazon.com Inc. - Overview
    • Exhibit 107: Amazon.com Inc. - Business segments
    • Exhibit 108: Amazon.com Inc. - Key news
    • Exhibit 109: Amazon.com Inc. - Key offerings
    • Exhibit 110: Amazon.com Inc. - Segment focus
  • 10.5 Clarifai Inc. 
    • Exhibit 111: Clarifai Inc. - Overview
    • Exhibit 112: Clarifai Inc. - Product / Service
    • Exhibit 113: Clarifai Inc. - Key offerings
  • 10.6 International Business Machines Corp. 
    • Exhibit 114: International Business Machines Corp. - Overview
    • Exhibit 115: International Business Machines Corp. - Business segments
    • Exhibit 116: International Business Machines Corp. - Key offerings
    • Exhibit 117: International Business Machines Corp. - Segment focus
  • 10.7 Intel Corp. 
    • Exhibit 118: Intel Corp. - Overview
    • Exhibit 119: Intel Corp. - Business segments
    • Exhibit 120: Intel Corp. - Key news
    • Exhibit 121: Intel Corp. - Key offerings
    • Exhibit 122: Intel Corp. - Segment focus
  • 10.8 Micron Technology Inc. 
    • Exhibit 123: Micron Technology Inc. - Overview
    • Exhibit 124: Micron Technology Inc. - Business segments
    • Exhibit 125: Micron Technology Inc. - Key offerings
    • Exhibit 126: Micron Technology Inc. - Segment focus
  • 10.9 Microsoft Corp. 
    • Exhibit 127: Microsoft Corp. - Overview
    • Exhibit 128: Microsoft Corp. - Business segments
    • Exhibit 129: Microsoft Corp. - Key news
    • Exhibit 130: Microsoft Corp. - Key offerings
    • Exhibit 131: Microsoft Corp. - Segment focus
  • 10.10 NVIDIA Corp. 
    • Exhibit 132: NVIDIA Corp. - Overview
    • Exhibit 133: NVIDIA Corp. - Business segments
    • Exhibit 134: NVIDIA Corp. - Key news
    • Exhibit 135: NVIDIA Corp. - Key offerings
    • Exhibit 136: NVIDIA Corp. - Segment focus
  • 10.11 Qualcomm Inc. 
    • Exhibit 137: Qualcomm Inc. - Overview
    • Exhibit 138: Qualcomm Inc. - Business segments
    • Exhibit 139: Qualcomm Inc. - Key news
    • Exhibit 140: Qualcomm Inc. - Key offerings
    • Exhibit 141: Qualcomm Inc. - Segment focus
  • 10.12 Samsung Electronics Co. Ltd. 
    • Exhibit 142: Samsung Electronics Co. Ltd. - Overview
    • Exhibit 143: Samsung Electronics Co. Ltd. - Business segments
    • Exhibit 144: Samsung Electronics Co. Ltd. - Key news
    • Exhibit 145: Samsung Electronics Co. Ltd. - Key offerings
    • Exhibit 146: Samsung Electronics Co. Ltd. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 147: Inclusions checklist
    • Exhibit 148: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 149: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 150: Research methodology
    • Exhibit 151: Validation techniques employed for market sizing
    • Exhibit 152: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 153: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-image-recognition-market-to-grow-by-usd-3-56-billion-by-2026--evolving-opportunities-with-samsung-electronics-co-ltd-slyce-acquisition-inc-vispera-information-technologies---technavio-301681651.html

SOURCE Technavio


[ Back To TMCnet.com's Homepage ]