Global Image Recognition Market Size study, by Components (Hardware, software, services), by Application (Scanning and Imaging, Security and Surveillance, Image Search), by deployment mode (cloud, On-premises) and Regional Forecasts 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Image Recognition market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Image Recognition market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Global Image Recognition Market is valued approximately at USD 22.76 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 15.1% over the forecast period 2020-2027. Image recognition is the ability of the software that identifies images, places, objects, writings and others. It performs various tasks such as self-driving cars, image content search, labeling the content of images with meta-tags, and guiding autonomous robots. Principally image recognition follows machine learning technique which needs deep understanding of algorithms. Rise in the adoption of artificial intelligence, due to rise of cyber-attacks in industries such as manufacturing, financial service, insurance and BFSI industries. There was a sharp increase of cyber-attacks during 2010-2018 period, 40,000 and above cases were registered in just five days according to the Maharashtra state police and NDTV. For instance, according to Statista report the?global AI software market?is expected to grow approximately 54 percent year-on-year in year 2020 reaching a forecast size of 22.6 billion U.S. dollars. Therefore, this factor may strengthen the adoption for Image Recognition Market across the globe. Moreover, various businesses are shifting towards digitization to transform the business processes around the world, are also some of the key factors responsible for the CAGR of the market during the forecast period. However, the high cost involved in manufacturing Image Recognition devices is one of the factors that restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Image Recognition Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to adoption of technology at faster rate in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing increase in merging of artificial intelligence with image recognition,
Major market player included in this report are:
- Google Inc.
- Hitachi, Ltd.
- Honeywell International Inc
- NEC Corporation
- Qualcomm Technologies, Inc.
- Slyce Acquisition Inc.
- Wikitude GmbH.
- NEC Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Scanning and Imaging
- Security and Surveillance
- Image Search
By Deployment mode
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Market Behavior/ Level of Risk and Opportunity
End Industry Behavior/ Opportunity Assessment
Expected Industry Recovery Timeline
Business Impact Horizon
Opening of Economy by Q3 2020
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Image Recognition Market Report:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Image Recognition Market, by Region, 2018-2027 (USD Billion)
1.2.2. Image Recognition Market, by Components, 2018-2027 (USD Billion)
1.2.3. Image Recognition Market, by Application, 2018-2027 (USD Billion)
1.2.4. Image Recognition Market, by Deployment mode, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Image Recognition Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Image Recognition Market Dynamics
3.1. Image Recognition Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Image Recognition Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Image Recognition Market, by Components
5.1. Market Snapshot
5.2. Global Image Recognition Market by Components, Performance – Potential Analysis
5.3. Global Image Recognition Market Estimates & Forecasts by Components 2017-2027 (USD Billion)
5.4. Image Recognition Market, Sub Segment Analysis
Chapter 6. Global Image Recognition Market, by Application
6.1. Market Snapshot
6.2. Global Image Recognition Market by Application, Performance – Potential Analysis
6.3. Global Image Recognition Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Image Recognition Market, Sub Segment Analysis
6.4.1. Scanning and Imaging
6.4.2. Security and Surveillance
6.4.3. Image Search
Chapter 7. Global Image Recognition Market, by Deployment Mode
7.1. Market Snapshot
7.2. Global Image Recognition Market by Deployment Mode, Performance – Potential Analysis
7.3. Global Image Recognition Market Estimates & Forecasts by Deployment mode 2017-2027 (USD Billion)
7.4. Image Recognition Market, Sub Segment Analysis
Chapter 8. Global Image Recognition Market, Regional Analysis
8.1. Image Recognition Market, Regional Market Snapshot
8.2. North America Image Recognition Market
8.2.1. U.S. Image Recognition Market
18.104.22.168. Components breakdown estimates & forecasts, 2017-2027
22.214.171.124. Application breakdown estimates & forecasts, 2017-2027
126.96.36.199. Deployment Mode breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Image Recognition Market
8.3. Europe Image Recognition Market Snapshot
8.3.1. U.K. Image Recognition Market
8.3.2. Germany Image Recognition Market
8.3.3. France Image Recognition Market
8.3.4. Spain Image Recognition Market
8.3.5. Italy Image Recognition Market
8.3.6. Rest of Europe Image Recognition Market
8.4. Asia-Pacific Image Recognition Market Snapshot
8.4.1. China Image Recognition Market
8.4.2. India Image Recognition Market
8.4.3. Japan Image Recognition Market
8.4.4. Australia Image Recognition Market
8.4.5. South Korea Image Recognition Market
8.4.6. Rest of Asia Pacific Image Recognition Market
8.5. Latin America Image Recognition Market Snapshot
8.5.1. Brazil Image Recognition Market
8.5.2. Mexico Image Recognition Market
8.6. Rest of The World Image Recognition Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
188.8.131.52. Key Information
184.108.40.206. Financial (Subject to Data Availability)
220.127.116.11. Product Summary
18.104.22.168. Recent Developments
9.2.2. Google Inc.
9.2.4. Hitachi, Ltd.
9.2.5. Honeywell International Inc
9.2.7. NEC Corporation
9.2.8. Qualcomm Technologies, Inc.
9.2.9. Slyce Acquisition Inc.
9.2.10. Wikitude GmbH.
9.2.11. NEC Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.3. Market Estimation
10.2. Research Attributes
10.3. Research Assumption
……..and view more in complete table of Contents
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