Ai Image Recognition Market
PUBLISHED: 2019 ID: SMRC18864
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Ai Image Recognition Market

Artificial Intelligence (AI) Image Recognition - Global Market Outlook (2018-2027)

4.8 (94 reviews)
4.8 (94 reviews)
Published: 2019 ID: SMRC18864

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global AI Image Recognition Market is accounted for $1.56 billion in 2018 and is expected to reach $9.83 billion by 2027 growing at a CAGR of 22.7% during the forecast period.

Growing AI adoption, increasing use of big data analytics, and declining costs of hardware are crucial factors that are likely to boost the growth of the AI Image Recognition market. However, lack of technical expertise is likely to hamper the profit boundaries.

Image processing & recognition is a part of computer vision and a process to identify places, logos, people, object, building, and several other variables in the image. Further, the process to identify and detect an object or attribute in a digital video or image is also referred to as image processing. The market of AI in image recognition can expand in recent future as there are companies in different sectors such as e-commerce, automotive, healthcare, and gaming are rapidly adopting AI in their image recognition & processing system. It plays an important role in the automotive industry as it is an essential part of autonomous vehicles initiated by Google and Uber. The market of AI in image recognition is segmented on the basis of end-user include retail, automotive, healthcare, security, BFSI, and gaming

Based on end user, the Banking, Financial Services and Insurance (BFSI) segment is likely to have a huge demand due to the presence of firms in the industry relying on the technology for a diverse range of applications, like staying competitive in a continuously evolving market, personalizing communication with customers, and improving the productivity drastically through automation of monotonous tasks (which are major tasks due to the conventional infrastructure in a number of old school financial institutions).

By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the growing need for security solutions due to the advent of the smart homes and smart city initiatives in the developing economies in the region.

Some of the key players in the AI Image Recognition market are the Xilinx Inc, Samsung Electronics, Qualcomm Corp, Nvidia Corporation, Microsoft Corporation, Micron Technologies Inc, Intel Corporation, IBM Corporation, Google LLC, Clarifai Inc, Amazon Web Services (AWS) Inc, and Alphabet Inc.


Types Covered:
• Services
• Hardware
• Software

End Users Covered:
• Security
• Retail
• Healthcare
• Banking, Financial Services and Insurance (BFSI)
• Automotive
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface       
 
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 End User Analysis       
 3.7 Emerging Markets       
 3.8 Futuristic Market Scenario      
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global AI Image Recognition Market, By Type     
 5.1 Introduction       
 5.2 Services        
 5.3 Hardware       
 5.4 Software        
          
6 Global AI Image Recognition Market, By End User     
 6.1 Introduction       
 6.2 Security        
 6.3 Retail        
 6.4 Healthcare       
 6.5 Banking, Financial Services and Insurance (BFSI)    
 6.6 Automotive       
 6.7 Other End Users       
          
7 Global AI Image Recognition Market, By Geography    
 7.1 Introduction       
 7.2 North America       
  7.2.1 US       
  7.2.2 Canada       
  7.2.3 Mexico       
 7.3 Europe        
  7.3.1 Germany       
  7.3.2 UK       
  7.3.3 Italy       
  7.3.4 France       
  7.3.5 Spain       
  7.3.6 Rest of Europe      
 7.4 Asia Pacific       
  7.4.1 Japan       
  7.4.2 China       
  7.4.3 India       
  7.4.4 Australia       
  7.4.5 New Zealand      
  7.4.6 South Korea      
  7.4.7 Rest of Asia Pacific      
 7.5 South America       
  7.5.1 Argentina      
  7.5.2 Brazil       
  7.5.3 Chile       
  7.5.4 Rest of South America     
 7.6 Middle East & Africa      
  7.6.1 Saudi Arabia      
  7.6.2 UAE       
  7.6.3 Qatar       
  7.6.4 South Africa      
  7.6.5 Rest of Middle East & Africa     
          
8 Key Developments        
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 8.2 Acquisitions & Mergers      
 8.3 New Product Launch      
 8.4 Expansions       
 8.5 Other Key Strategies      
          
9 Company Profiling        
 9.1 Xilinx Inc.       
 9.2 Samsung Electronics      
 9.3 Qualcomm Corp.       
 9.4 Nvidia Corporation       
 9.5 Microsoft Corporation      
 9.6 Micron Technologies Inc      
 9.7 Intel Corporation       
 9.8 IBM Corporation       
 9.9 Google LLC       
 9.10 Clarifai Inc.       
 9.11 Amazon Web Services (AWS) Inc.     
 9.12 Alphabet Inc.       


List of Tables         
1 Global AI Image Recognition Market Outlook, By Region (2017-2027) (US $MN)   
2 Global AI Image Recognition Market Outlook, By Type (2017-2027) (US $MN)   
3 Global AI Image Recognition Market Outlook, By Services (2017-2027) (US $MN)   
4 Global AI Image Recognition Market Outlook, By Hardware (2017-2027) (US $MN)   
5 Global AI Image Recognition Market Outlook, By Software (2017-2027) (US $MN)   
6 Global AI Image Recognition Market Outlook, By End User (2017-2027) (US $MN)   
7 Global AI Image Recognition Market Outlook, By Security (2017-2027) (US $MN)   
8 Global AI Image Recognition Market Outlook, By Retail (2017-2027) (US $MN)   
9 Global AI Image Recognition Market Outlook, By Healthcare (2017-2027) (US $MN)   
10 Global AI Image Recognition Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2017-2027) (US $MN) 
11 Global AI Image Recognition Market Outlook, By Automotive (2017-2027) (US $MN)  
12 Global AI Image Recognition Market Outlook, By Other End Users (2017-2027) (US $MN)  
13 North America AI Image Recognition Market Outlook, By Country (2017-2027) (US $MN)  
14 North America AI Image Recognition Market Outlook, By Type (2017-2027) (US $MN)  
15 North America AI Image Recognition Market Outlook, By Services (2017-2027) (US $MN)  
16 North America AI Image Recognition Market Outlook, By Hardware (2017-2027) (US $MN)  
17 North America AI Image Recognition Market Outlook, By Software (2017-2027) (US $MN)  
18 North America AI Image Recognition Market Outlook, By End User (2017-2027) (US $MN)  
19 North America AI Image Recognition Market Outlook, By Security (2017-2027) (US $MN)  
20 North America AI Image Recognition Market Outlook, By Retail (2017-2027) (US $MN)  
21 North America AI Image Recognition Market Outlook, By Healthcare (2017-2027) (US $MN)  
22 North America AI Image Recognition Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2017-2027) (US $MN) 
23 North America AI Image Recognition Market Outlook, By Automotive (2017-2027) (US $MN)  
24 North America AI Image Recognition Market Outlook, By Other End Users (2017-2027) (US $MN) 
25 Europe AI Image Recognition Market Outlook, By Country (2017-2027) (US $MN)   
26 Europe AI Image Recognition Market Outlook, By Type (2017-2027) (US $MN)   
27 Europe AI Image Recognition Market Outlook, By Services (2017-2027) (US $MN)   
28 Europe AI Image Recognition Market Outlook, By Hardware (2017-2027) (US $MN)   
29 Europe AI Image Recognition Market Outlook, By Software (2017-2027) (US $MN)   
30 Europe AI Image Recognition Market Outlook, By End User (2017-2027) (US $MN)   
31 Europe AI Image Recognition Market Outlook, By Security (2017-2027) (US $MN)   
32 Europe AI Image Recognition Market Outlook, By Retail (2017-2027) (US $MN)   
33 Europe AI Image Recognition Market Outlook, By Healthcare (2017-2027) (US $MN)  
34 Europe AI Image Recognition Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2017-2027) (US $MN) 
35 Europe AI Image Recognition Market Outlook, By Automotive (2017-2027) (US $MN)  
36 Europe AI Image Recognition Market Outlook, By Other End Users (2017-2027) (US $MN)  
37 Asia Pacific AI Image Recognition Market Outlook, By Country (2017-2027) (US $MN)  
38 Asia Pacific AI Image Recognition Market Outlook, By Type (2017-2027) (US $MN)   
39 Asia Pacific AI Image Recognition Market Outlook, By Services (2017-2027) (US $MN)  
40 Asia Pacific AI Image Recognition Market Outlook, By Hardware (2017-2027) (US $MN)  
41 Asia Pacific AI Image Recognition Market Outlook, By Software (2017-2027) (US $MN)  
42 Asia Pacific AI Image Recognition Market Outlook, By End User (2017-2027) (US $MN)  
43 Asia Pacific AI Image Recognition Market Outlook, By Security (2017-2027) (US $MN)  
44 Asia Pacific AI Image Recognition Market Outlook, By Retail (2017-2027) (US $MN)   
45 Asia Pacific AI Image Recognition Market Outlook, By Healthcare (2017-2027) (US $MN)  
46 Asia Pacific AI Image Recognition Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2017-2027) (US $MN) 
47 Asia Pacific AI Image Recognition Market Outlook, By Automotive (2017-2027) (US $MN)  
48 Asia Pacific AI Image Recognition Market Outlook, By Other End Users (2017-2027) (US $MN)  
49 South America AI Image Recognition Market Outlook, By Country (2017-2027) (US $MN)  
50 South America AI Image Recognition Market Outlook, By Type (2017-2027) (US $MN)  
51 South America AI Image Recognition Market Outlook, By Services (2017-2027) (US $MN)  
52 South America AI Image Recognition Market Outlook, By Hardware (2017-2027) (US $MN)  
53 South America AI Image Recognition Market Outlook, By Software (2017-2027) (US $MN)  
54 South America AI Image Recognition Market Outlook, By End User (2017-2027) (US $MN)  
55 South America AI Image Recognition Market Outlook, By Security (2017-2027) (US $MN)  
56 South America AI Image Recognition Market Outlook, By Retail (2017-2027) (US $MN)  
57 South America AI Image Recognition Market Outlook, By Healthcare (2017-2027) (US $MN)  
58 South America AI Image Recognition Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2017-2027) (US $MN) 
59 South America AI Image Recognition Market Outlook, By Automotive (2017-2027) (US $MN)  
60 South America AI Image Recognition Market Outlook, By Other End Users (2017-2027) (US $MN) 
61 Middle East & Africa AI Image Recognition Market Outlook, By Country (2017-2027) (US $MN)  
62 Middle East & Africa AI Image Recognition Market Outlook, By Type (2017-2027) (US $MN)  
63 Middle East & Africa AI Image Recognition Market Outlook, By Services (2017-2027) (US $MN) 
64 Middle East & Africa AI Image Recognition Market Outlook, By Hardware (2017-2027) (US $MN) 
65 Middle East & Africa AI Image Recognition Market Outlook, By Software (2017-2027) (US $MN) 
66 Middle East & Africa AI Image Recognition Market Outlook, By End User (2017-2027) (US $MN) 
67 Middle East & Africa AI Image Recognition Market Outlook, By Security (2017-2027) (US $MN)  
68 Middle East & Africa AI Image Recognition Market Outlook, By Retail (2017-2027) (US $MN)  
69 Middle East & Africa AI Image Recognition Market Outlook, By Healthcare (2017-2027) (US $MN) 
70 Middle East & Africa AI Image Recognition Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2017-2027) (US $MN) 
71 Middle East & Africa AI Image Recognition Market Outlook, By Automotive (2017-2027) (US $MN) 
72 Middle East & Africa AI Image Recognition Market Outlook, By Other End Users (2017-2027) (US $MN) 

 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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