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.
AI Image Recognition Market 2022-2026: Segmentation
Learn more about the additional trends impacting the future of the market and the
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
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Table of Content
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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.
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