NEW YORK, November 21, 2022 /PRNewswire/ — The AI Image Recognition Market should grow by $3.56 billion over the period 2021-2026, growing at a CAGR of 22.37% over the forecast period, according to Technavio. The market is fragmented and the degree of fragmentation will accelerate over 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 Technology, Wikitude GmbH and Xilinx Inc. are some of the major market players. 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 wide geographical presence, large production facilities and large market shares. Intense competition among manufacturers poses a risk to their businesses. High product differentiation among manufacturers intensifies competition in the market. Therefore, to thrive in such a competitive environment, it becomes imperative for manufacturers to differentiate their product offerings through a clear and unique value proposition.
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Samsung Electronics Co.Ltd. : The company offers artificial image recognition that uses machine learning to understand images, read handwriting, and create valuable image metadata with industry-leading prediction accuracy.
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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 video.
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Vispera Information Technology: The company offers software solutions based on artificial intelligence as well as specialization in deep learning models used to understand unstructured image, video, text and audio data.
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AI Image Recognition Market 2022-2026: Segmentation
Learn about additional trends impacting the future of the market and the
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AI Image Recognition Market 2022-2026: Scope
Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources. Our AI Image Recognition Market report covers the following areas:
Advances in medical imaging, falling hardware costs and increased investment in image recognition will provide immense opportunities for growth. However, growing concerns over data privacy and security might hamper the growth of the market. To make the most of the opportunities, sellers in the market should focus more on 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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Market CAGR over the forecast period 2022-2026
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Detailed information on the factors that will contribute to the growth of the AI Image Recognition market over the next five years
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Estimation of the AI Image Recognition market size and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the AI image recognition market
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Market Competitive Landscape Analysis and Detailed Vendor Information
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Comprehensive details of the factors that will challenge the growth of the AI Image Recognition Market vendors
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Scope of the AI Image Recognition Market |
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Report cover |
Details |
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Page number |
120 |
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base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 22.37% |
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Market Growth 2022-2026 |
$3.56 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
21.27 |
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Regional analysis |
North America, APAC, Europe, South America, Middle East and Africa |
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Successful market contribution |
60% North America |
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Main consumer countries |
United States, China, Japan, Germany and United Kingdom |
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Competitive landscape |
Leading Companies, Competitive Strategies, Consumer Engagement Reach |
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Profiled Key Companies |
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 Technology, Wikitude GmbH and Xilinx Inc. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, and Status Analysis market for the forecast period. |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Contents
1. 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 Supplier Landscape
10 Vendor Analysis
11 Appendix
About Technavio
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.
With more than 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.
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