Image Recognition Market

Image Recognition Market by Technology (Digital Image Processing, Facial Recognition, Pattern Recognition), Component (Hardware, Software, and Services), Deployment Mode (On-premises & Cloud), Application, Vertical, and Region - Global Forecast to 2025

Report Code: TC 2308 Jan, 2021, by marketsandmarkets.com

[243 Pages Report] MarketsandMarkets forecasts the global image recognition market size to grow from USD 26.2 billion in 2020 to USD 53.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.1 % from 2020 to 2025. Increased in the need for efficient and profitable retail execution processes with adherence to compliance standards is one of the major factors expected to drive the growth of this market.

Image Recognition Market

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Image Recognition Market Dynamics

Driver: Need for efficient and profitable retail execution processes with adherence to compliance standards

Image recognition solutions are revolutionizing the way companies manage customer interactions, market products online and offline, and manage store inventory. Image recognition technology is increasingly being used to search for products online for purchase. For example, Snapchat’s parent company, Snap, is currently working on developing a visual product feature in Snapchat that will leverage image recognition technology and help users to take pictures of products in the real world; and identify, browse, and purchase items on Amazon. With the boom in the e-commerce industry, even more so during the COVID-19 pandemic, entrepreneurs and retailers have realized that conventional strategies of sales promotions, marketing, and visual merchandising will not be sustainable in the industry in the long term. Hence, retailers are quickly adapting to the new era of AI and image recognition to deliver next level customer experience. The use of image recognition for shelf recognition, product placement, and maintaining compliance with merchandising standards is quickly gaining momentum. Image recognition technology is assisting manufacturers, retailers, and marketers to understand their market and react dynamically.

Restraint: High installation cost of image recognition services

The high cost involved in making image recognition systems could be a hindrance to the growth of the market. Most of the enabling technologies, such as face recognition, deep learning, computer vision, AI, ML, and gesture recognition, have huge development costs. Thus, companies that lack financial resources do not opt for image recognition offerings even if they are interested in such solutions to increase productivity. Well-known vendor solutions in the market such as Microsoft Computer Vision API, Microsoft Emotion API, Amazon Rekognition, Google Cloud Vision API, and IBM Watson Visual Recognition are highly priced, making it difficult for small companies to deploy them. The huge cost of implementing image recognition solutions and training AI enablers to execute a specific task will act as a deterrent for small retail and e-commerce businesses; this could prove to be a restraint for image recognition solution vendors during the forecast period.

Opportunity: Accelerating demand for cloud-powered image recognition solutions to aid representatives in smooth retail execution

Major cloud companies such as AWS, Microsoft, and Google are heavily investing in enhancing their image recognition market offerings to optimize in-store and online retail execution. The demand for cloud-based services has soared even more due to the outbreak of COVID-19. Intelligence Retail, a computer vision and AI provider for merchandising solutions, leverages the IBM cloud and analytics solution featuring cutting-edge Graphic Processing Units (GPUs) to help companies drive sales, decrease audit costs, boost performance, and drive customer loyalty. Microsoft is leveraging its Microsoft Azure stack to rapidly process huge data volumes for store shelf management and to empower representatives to gain real-time visibility into the retail execution process. In early 2019, Trax partnered with Google Cloud to leverage Google’s cloud and edge computing technology combined with Trax’s image recognition and ML capabilities to effectively manage in-store inventory and every SKU present on the shelf with actionable real-time insights. In 2019, Salesforce, an American cloud-based CRM company, launched Consumer Goods Cloud to elevate the in-store experience using AI. The Consumer Goods Cloud enables field representatives to ensure optimum shelf stock levels and ensure an image recognition and object detection solution for easy inventory management, and planogram compliance checks. Such organic and inorganic strategies supported by underlying cloud infrastructure would promote the future growth of the image recognition market.

Challenge: COVID-19 impact on supply chain

The COVID-19 outbreak and spread have impacted the world. It has severely affected the global manufacturing vertical due to supply chain disruptions. The pandemic has significantly affected all end users of image recognition. The decline in the production of smartphones and automobiles has resulted in decreased global demand for image sensors. This has led to the less manufacturing of image sensors, thereby acting as a challenge for the market growth.

Image Recognition Market  by Region

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North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global image recognition market, while Asia Pacific (APAC) is likely to grow at the highest CAGR during the forecast period. North America is a major IT hub in terms of technology adoption and IT infrastructure. In terms of market size, North America is a significant contributor to the global image recognition market. The US and Canada are the major contributors to the North American market. Canada and the US are increasingly witnessing the merging of artificial intelligence with image recognition and augmented reality; this is expected to drive market growth in the region. Due to the COVID-19 impact, North America is going through tremendous strain, due to which major countries such as the US and Canada are bearing huge losses. The privacy of customers is mostly being affected during this unprecedented time. In October 2020, countries such as Canada updated their regulations to protect customer privacy. The rise in the integration of AI with image recognition and AR is expected to drive the market growth in the US and Canada.

The United States is home to major AI-based image recognition companies, leading to increasing adoption of the technology across the region. As a result, many companies are making their move towards the US market, intending to develop an assemblage of AI capabilities. There has been a growing demand for image recognition sector in Canada to improve product placements and assist in object identification. Enterprises in the region are most progressive in the adoption of AI, computer vision, deep learning, and the cloud, thereby boosting the growth of the market. This, coupled with the region’s strong financial position, enables significant investments in leading tools and technologies for effective business operations.

Key Market Players

The image recognition market is dominated by a few globally established players such as, IBM (US), AWS (US), Trax (Singapore), Microsoft (US), and Google (US).

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Scope of the Report

Report Metrics

Details

Market size available for years

2014–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD Million)

Segments covered

By Technology ,Component, Service, Type, Deployment Mode, Application, Vertical and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Major companies covered

IBM (US), Google (US), Qualcomm (US), Microsoft (US), AWS (US), Trax (Singapore),NEC Corporation (Japan), Catchoom (Spain), Slyce (US), LTU Tech (France), Vispera(Turkey), Blippar(UK), Clarifai(US), Wikitude (Austria), Huawei (China), Honeywell (US), Toshiba (Japan), Oracle (US), Trigo(Israel), INFFRD (US), AIRY3D(Canada), Standard Cognition (US), Unispectral LTD (Israel), Snap2Insight(US), restb.ai(Spain), Vize by Ximilar(Czech Republic), Mirror that Lock (US)

This research report categorizes the image recognition market to forecast revenues and analyze trends in each of the following submarkets:

By Component:

  • Hardware
  • Software
  • Services

By Application:

  • Scanning and Imaging
  • Security and Surveillance
  • Image Search
  • Augmented Reality
  • Marketing and Advertising

By Deployment Mode:

  • cloud
  • On-premises

By Region:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of APAC
  • MEA
    • Kingdom of Saudi Arabia
    • United Arab Emirates (UAE)
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America

Recent Developments

  1. In June 2020, IBM launched Watson Works, a curated set of products that embed Watson’s AI models and applications to help companies navigate many aspects of the return-to-workplace challenge due to lockdowns put in place to slow the spread of COVID-19.
  2. In April 2020, Microsoft partnered with Coca-Cola. The partnership aims to regulate its business operations on Microsoft Azure cloud and offer rich new digital experiences that will provide innovative solutions. These solutions will aid the Coca-Cola Company achieve new insights from data across the enterprise, enabling a 360-degree view of the business, and increases customer and employee experiences.
  3. In March 2020, Trax acquired Survey.com to combine both companies’ technologies, cater to needs of emerging grocery retailers, and strengthen its position in image recognition in retail market.
  4. In August 2019, AWS enhanced Amazon Rekognition. The enhanced solution provides high accuracy of gender identification and emotion detection; and improved functionality to its face analysis features.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 36)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 1 COVID-19: GLOBAL PROPAGATION
        FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
    1.3 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                 FIGURE 4 FACTORS IMPACTING GLOBAL ECONOMY
                 FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
           1.4.1 MARKET DEFINITION
           1.4.2 INCLUSIONS AND EXCLUSIONS
    1.5 MARKET SCOPE
           1.5.1 MARKET SEGMENTATION
           1.5.2 YEARS CONSIDERED FOR THE STUDY
    1.6 CURRENCY CONSIDERED
        TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2014-2019
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA
        FIGURE 6 IMAGE RECOGNITION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
        FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES OF VENDORS
        FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: ILLUSTRATIVE EXAMPLE OF AMAZON WEB SERVICES
        FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2, BOTTOM UP  (SUPPLY SIDE): COLLECTIVE REVENUE FROM HARDWARE, SOFTWARE,  AND SERVICES
        FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 3, TOP DOWN  (DEMAND SIDE): SHARE OF IMAGE RECOGNITION
    2.4 MARKET FORECAST
        TABLE 2 FACTOR ANALYSIS
    2.5 COMPANY EVALUATION MATRIX METHODOLOGY
        FIGURE 11 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
    2.6 STARTUP/SME EVALUATION MATRIX
        FIGURE 12 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
    2.7 ASSUMPTIONS FOR THE STUDY
    2.8 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 55)
  FIGURE 13 GLOBAL IMAGE RECOGNITION MARKET TO WITNESS HIGH GROWTH DURING FORECAST PERIOD
  FIGURE 14 LEADING SEGMENTS IN MARKET IN 2020
  FIGURE 15 MARKET: REGIONAL SNAPSHOT

4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES IN IMAGE RECOGNITION MARKET
        FIGURE 16 INCREASING TECHNOLOGY DEVELOPMENTS TO BOOST ADOPTION OF IMAGE RECOGNITION SOLUTIONS
    4.2 MARKET, BY SERVICE AND DEPLOYMENT MODE
        FIGURE 17 PROFESSIONAL SERVICES AND ON-PREMISES SEGMENTS TO HOLD HIGHER MARKET SHARES IN 2020
    4.3 MARKET, BY REGION
        FIGURE 18 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.4 MARKET: INVESTMENT SCENARIO
        FIGURE 19 EUROPE AND ASIA PACIFIC TO EMERGE AS BEST MARKETS FOR INVESTMENTS IN NEXT FIVE YEARS

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 60)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IMAGE RECOGNITION MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing need for image recognition in the automotive industry
                    5.2.1.2 Rising demand for security applications and products enabled with image recognition functions
                    5.2.1.3 Increasing use of high bandwidth data services
                    5.2.1.4 Technology advancements to boost the demand for image recognition among CPG and retail companies
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation cost of image recognition solutions
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increase in the demand for big data analytics
                    5.2.3.2 Integration of AI capabilities with image recognition solutions
           5.2.4 CHALLENGES
                    5.2.4.1 Low resolution image size and storage
                    5.2.4.2 COVID-19 impact on supply chain
    5.3 COVID-19-DRIVEN MARKET DYNAMICS
           5.3.1 DRIVERS AND OPPORTUNITIES
           5.3.2 RESTRAINTS AND CHALLENGES
           5.3.3 CUMULATIVE GROWTH ANALYSIS
                 TABLE 3 IMAGE RECOGNITION MARKET: COVID-19 IMPACT
    5.4 VALUE CHAIN
        FIGURE 21 MARKET: VALUE CHAIN
    5.5 ECOSYSTEM
        FIGURE 22 MARKET: ECOSYSTEM
    5.6 AVERAGE SELLING PRICE/PRICING MODEL OF IMAGE RECOGNITION PLAYERS, 2019-2020
        FIGURE 23 AVERAGE SELLING PRICE MODEL OF MARKET, 2019-2020
    5.7 TECHNOLOGY ANALYSIS
    5.8 USE CASES
           5.8.1 USE CASE 1: PLANORAMA
           5.8.2 USE CASE 2: LABSPHERE
           5.8.3 USE CASE 3: CATCHOOM
           5.8.4 USE CASE 4: SNAP2INSIGHT
           5.8.5 USE CASE 5: INFRRD
           5.8.6 USE CASE 6: VISPERA
           5.8.7 USE CASE 7: TRAX
    5.9 REVENUE SHIFT – YC/YCC SHIFT FOR IMAGE RECOGNITION MARKET
        FIGURE 24 MARKET: YC/YCC SHIFT
    5.1 PORTER’S FIVE FORCES ANALYSIS
        FIGURE 25 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.10.1 THREAT OF NEW ENTRANTS
           5.10.2 THREAT OF SUBSTITUTES
           5.10.3 BARGAINING POWER OF SUPPLIERS
           5.10.4 BARGAINING POWER OF BUYERS
           5.10.5 INTENSITY OF COMPETITION RIVALRY

6 IMAGE RECOGNITION MARKET, BY TECHNOLOGY (Page No. - 73)
    6.1 INTRODUCTION
           6.1.1 TECHNOLOGIES: MARKET DRIVERS
           6.1.2 TECHNOLOGIES: COVID-19 IMPACT
                 FIGURE 26 DIGITAL IMAGE PROCESSING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                 TABLE 4 MARKET SIZE, BY TECHNOLOGY, 2014–2019 (USD MILLION)
                 TABLE 5 MARKET SIZE, BY TECHNOLOGY, 2019–2025 (USD MILLION)
    6.2 CODE RECOGNITION
        TABLE 6 CODE RECOGNITION: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
        TABLE 7 CODE RECOGNITION: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
    6.3 DIGITAL IMAGE PROCESSING
        TABLE 8 DIGITAL IMAGE PROCESSING: IMAGE RECOGNITION MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
        TABLE 9 DIGITAL IMAGE PROCESSING: MARKET SIZE,  BY REGION,  2019–2025 (USD MILLION)
    6.4 FACIAL RECOGNITION
        TABLE 10 FACIAL RECOGNITION: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
        TABLE 11 FACIAL RECOGNITION: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
    6.5 OBJECT RECOGNITION
        TABLE 12 OBJECT RECOGNITION: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
        TABLE 13 OBJECT RECOGNITION: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
    6.6 PATTERN RECOGNITION
        TABLE 14 PATTERN RECOGNITION: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
        TABLE 15 PATTERN RECOGNITION: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
    6.7 OPTICAL CHARACTER RECOGNITION
        TABLE 16 OPTICAL CHARACTER RECOGNITION: MARKET SIZE,  BY REGION, 2014–2019 (USD MILLION)
        TABLE 17 OPTICAL CHARACTER RECOGNITION: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)

7 IMAGE RECOGNITION MARKET, BY COMPONENT (Page No. - 82)
    7.1 INTRODUCTION
           7.1.1 COMPONENTS: MARKET DRIVERS
           7.1.2 COMPONENTS: COVID-19 IMPACT
                 FIGURE 27 SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                 TABLE 18 MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                 TABLE 19 MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
    7.2 HARDWARE
        TABLE 20 HARDWARE: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
        TABLE 21 HARDWARE: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
    7.3 SOFTWARE
        TABLE 22 SOFTWARE: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
        TABLE 23 SOFTWARE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    7.4 SERVICES
        TABLE 24 SERVICES: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
        TABLE 25 SERVICES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

8 IMAGE RECOGNITION MARKET, BY SERVICE (Page No. - 87)
    8.1 INTRODUCTION
        FIGURE 28 PROFESSIONAL SERVICES SEGMENT TO GROW AT HIGHER CAGR FROM  2020 TO 2025
           8.1.1 SERVICES: MARKET DRIVERS
           8.1.2 SERVICES: COVID-19 IMPACT
                 TABLE 26 MARKET SIZE, BY SERVICE,  2014–2019 (USD MILLION)
                 TABLE 27 MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
           8.1.3 PROFESSIONAL SERVICES
                 TABLE 28 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
                 TABLE 29 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
                 TABLE 30 PROFESSIONAL SERVICES: MARKET SIZE, BY TYPE,  2014–2019 (USD MILLION)
                 TABLE 31 PROFESSIONAL SERVICES: IMAGE RECOGNITION MARKET SIZE, BY TYPE,  2019–2025 (USD MILLION)
                    8.1.3.1 Integration and deployment
                            TABLE 32 INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 33 INTEGRATION AND DEPLOYMENT MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    8.1.3.2 Support and Maintenance
                            TABLE 34 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 35 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
                    8.1.3.3 Consulting
                            TABLE 36 CONSULTING MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                            TABLE 37 CONSULTING MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
           8.1.4 MANAGED SERVICES
                 TABLE 38 MANAGED SERVICES: IMAGE RECOGNITION MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
                 TABLE 39 MANAGED SERVICES: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)

9 IMAGE RECOGNITION MARKET, BY DEPLOYMENT MODE (Page No. - 95)
    9.1 INTRODUCTION
        FIGURE 29 ON-PREMISES SEGMENT TO HOLD HIGHER MARKET SHARE IN 2020
           9.1.1 DEPLOYMENT MODES: MARKET DRIVERS
           9.1.2 DEPLOYMENT MODES: COVID-19 IMPACT
                 TABLE 40 MARKET SIZE, BY DEPLOYMENT MODE,  2014–2019 (USD MILLION)
                 TABLE 41 MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
    9.2 CLOUD
        TABLE 42 CLOUD: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
        TABLE 43 CLOUD: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
    9.3 ON-PREMISES
        TABLE 44 ON-PREMISES: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
        TABLE 45 ON-PREMISES: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

10 IMAGE RECOGNITION MARKET, BY APPLICATION (Page No. - 100)
     10.1 INTRODUCTION
             10.1.1 APPLICATIONS: MARKET DRIVERS
             10.1.2 APPLICATIONS: COVID-19 IMPACT
                    FIGURE 30 SECURITY AND SURVEILLANCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 46 MARKET SIZE, BY APPLICATION, 2014–2019 (USD MILLION)
                    TABLE 47 MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
     10.2 SCANNING AND IMAGING
          TABLE 48 SCANNING AND IMAGING: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
          TABLE 49 SCANNING AND IMAGING: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
     10.3 SECURITY AND SURVEILLANCE
          TABLE 50 SECURITY AND SURVEILLANCE: IMAGE RECOGNITION MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
          TABLE 51 SECURITY AND SURVEILLANCE: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
     10.4 IMAGE SEARCH
          TABLE 52 IMAGE SEARCH: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
          TABLE 53 IMAGE SEARCH: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
     10.5 AUGMENTED REALITY
          TABLE 54 AUGMENTED REALITY: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
          TABLE 55 AUGMENTED REALITY: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
     10.6 MARKETING AND ADVERTISING
          TABLE 56 MARKETING AND ADVERTISING: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
          TABLE 57 MARKETING AND ADVERTISING: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)

11 IMAGE RECOGNITION MARKET, BY VERTICAL (Page No. - 107)
     11.1 INTRODUCTION
             11.1.1 VERTICALS: MARKET DRIVERS
             11.1.2 VERTICALS: COVID-19 IMPACT
                    FIGURE 31 BFSI VERTICAL TO HOLD HIGHEST MARKET SHARE IN 2020
                    TABLE 58 MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                    TABLE 59 MARKET SIZE, BY VERTICAL,  2019–2025 (USD MILLION)
     11.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
          TABLE 60 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
          TABLE 61 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
     11.3 RETAIL AND CPG
          TABLE 62 RETAIL AND CPG: IMAGE RECOGNITION MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
          TABLE 63 RETAIL AND CPG: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
     11.4 HEALTHCARE
          TABLE 64 HEALTHCARE: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
          TABLE 65 HEALTHCARE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
     11.5 MEDIA AND ENTERTAINMENT
          TABLE 66 MEDIA AND ENTERTAINMENT: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
          TABLE 67 MEDIA AND ENTERTAINMENT: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
     11.6 GOVERNMENT
          TABLE 68 GOVERNMENT: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
          TABLE 69 GOVERNMENT: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
     11.7 TRANSPORTATION AND LOGISTICS
          TABLE 70 TRANSPORTATION AND LOGISTICS: IMAGE RECOGNITION MARKET SIZE,  BY REGION, 2014–2019 (USD MILLION)
          TABLE 71 TRANSPORTATION AND LOGISTICS: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
     11.8 AUTOMOTIVE
          TABLE 72 AUTOMOTIVE: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
          TABLE 73 AUTOMOTIVE: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
     11.9 TELECOMMUNICATIONS
          TABLE 74 TELECOMMUNICATIONS: MARKET SIZE, BY REGION,  2014–2019 (USD MILLION)
          TABLE 75 TELECOMMUNICATIONS: MARKET SIZE, BY REGION,  2019–2025 (USD MILLION)
     11.10 OTHERS
           TABLE 76 OTHERS: MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
           TABLE 77 OTHERS: MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)

12 IMAGE RECOGNITION MARKET, BY REGION (Page No. - 119)
     12.1 INTRODUCTION
          FIGURE 32 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 78 MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
          TABLE 79 MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
     12.2 NORTH AMERICA
             12.2.1 NORTH AMERICA: MARKET DRIVERS
             12.2.2 NORTH AMERICA: IMAGE RECOGNITION VENDOR INITIATIVES AND DEVELOPMENTS
             12.2.3 NORTH AMERICA: COVID-19 IMPACT
             12.2.4 NORTH AMERICA: MARKET REGULATORY LANDSCAPE
                    FIGURE 33 NORTH AMERICA: MARKET SNAPSHOT
                    TABLE 80 NORTH AMERICA: IMAGE RECOGNITION MARKET SIZE, BY TECHNOLOGY,  2014–2019 (USD MILLION)
                    TABLE 81 NORTH AMERICA: MARKET SIZE, BY TECHNOLOGY,  2019–2025 (USD MILLION)
                    TABLE 82 NORTH AMERICA: MARKET SIZE, BY COMPONENT,  2014–2019 (USD MILLION)
                    TABLE 83 NORTH AMERICA: MARKET SIZE, BY COMPONENT,  2019–2025 (USD MILLION)
                    TABLE 84 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                    TABLE 85 NORTH AMERICA: MARKET SIZE, BY SERVICE,  2019–2025 (USD MILLION)
                    TABLE 86 NORTH AMERICA: MARKET SIZE, BY SERVICE TYPE,  2014–2019 (USD MILLION)
                    TABLE 87 NORTH AMERICA: MARKET SIZE, BY SERVICE TYPE,  2019–2025 (USD MILLION)
                    TABLE 88 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE,  2014–2019 (USD MILLION)
                    TABLE 89 NORTH AMERICA: IMAGE RECOGNITION MARKET SIZE, BY DEPLOYMENT MODE,  2019–2025 (USD MILLION)
                    TABLE 90 NORTH AMERICA: MARKET SIZE, BY APPLICATION,  2014–2019 (USD MILLION)
                    TABLE 91 NORTH AMERICA: MARKET SIZE, BY APPLICATION,  2019–2025 (USD MILLION)
                    TABLE 92 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                    TABLE 93 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
                    TABLE 94 NORTH AMERICA: MARKET SIZE, BY COUNTRY,  2014–2019 (USD MILLION)
                    TABLE 95 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
             12.2.5 UNITED STATES
                    TABLE 96 UNITED STATES: IMAGE RECOGNITION MARKET SIZE, BY TECHNOLOGY,  2014–2019 (USD MILLION)
                    TABLE 97 UNITED STATES: MARKET SIZE, BY TECHNOLOGY,  2019–2025 (USD MILLION)
                    TABLE 98 UNITED STATES: MARKET SIZE, BY COMPONENT,  2014–2019 (USD MILLION)
                    TABLE 99 UNITED STATES: MARKET SIZE, BY COMPONENT,  2019–2025 (USD MILLION)
                    TABLE 100 UNITED STATES: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                    TABLE 101 UNITED STATES: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                    TABLE 102 UNITED STATES: MARKET SIZE, BY SERVICE TYPE,  2014–2019 (USD MILLION)
                    TABLE 103 UNITED STATES: MARKET SIZE, BY SERVICE TYPE,  2019–2025 (USD MILLION)
                    TABLE 104 UNITED STATES: IMAGE RECOGNITION MARKET SIZE, BY DEPLOYMENT MODE,  2014–2019 (USD MILLION)
                    TABLE 105 UNITED STATES: MARKET SIZE, BY DEPLOYMENT MODE,  2019–2025 (USD MILLION)
                    TABLE 106 UNITED STATES: MARKET SIZE, BY APPLICATION,  2014–2019 (USD MILLION)
                    TABLE 107 UNITED STATES: MARKET SIZE, BY APPLICATION,  2019–2025 (USD MILLION)
                    TABLE 108 UNITED STATES: MARKET SIZE, BY VERTICAL,  2014–2019 (USD MILLION)
                    TABLE 109 UNITED STATES: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
             12.2.6 CANADA
     12.3 EUROPE
             12.3.1 EUROPE: MARKET DRIVERS
             12.3.2 EUROPE: MARKET VENDOR INITIATIVES AND DEVELOPMENTS
             12.3.3 EUROPE: COVID-19 IMPACT
             12.3.4 EUROPE: MARKET REGULATORY LANDSCAPE
                    TABLE 110 EUROPE: IMAGE RECOGNITION MARKET SIZE, BY TECHNOLOGY,   2014–2019 (USD MILLION)
                    TABLE 111 EUROPE: MARKET SIZE, BY TECHNOLOGY,  2019–2025 (USD MILLION)
                    TABLE 112 EUROPE: MARKET SIZE, BY COMPONENT,  2014–2019 (USD MILLION)
                    TABLE 113 EUROPE: MARKET SIZE, BY COMPONENT,  2019–2025 (USD MILLION)
                    TABLE 114 EUROPE: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                    TABLE 115 EUROPE: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                    TABLE 116 EUROPE: MARKET SIZE, BY SERVICE TYPE,   2014–2019 (USD MILLION)
                    TABLE 117 EUROPE: MARKET SIZE, BY SERVICE TYPE, 2019–2025 (USD MILLION)
                    TABLE 118 EUROPE: IMAGE RECOGNITION MARKET SIZE, BY DEPLOYMENT MODE,  2014–2019 (USD MILLION)
                    TABLE 119 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE,  2019–2025 (USD MILLION)
                    TABLE 120 EUROPE: MARKET SIZE, BY APPLICATION,   2014–2019 (USD MILLION)
                    TABLE 121 EUROPE: MARKET SIZE, BY APPLICATION,  2019–2025 (USD MILLION)
                    TABLE 122 EUROPE: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                    TABLE 123 EUROPE: MARKET SIZE, BY VERTICAL,  2019–2025 (USD MILLION)
                    TABLE 124 EUROPE: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                    TABLE 125 EUROPE: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
             12.3.5 UNITED KINGDOM
                    TABLE 126 UNITED KINGDOM: IMAGE RECOGNITION MARKET SIZE, BY TECHNOLOGY,  2014–2019 (USD MILLION)
                    TABLE 127 UNITED KINGDOM: MARKET SIZE, BY TECHNOLOGY,  2019–2025 (USD MILLION)
                    TABLE 128 UNITED KINGDOM: MARKET SIZE, BY COMPONENT,  2014–2019 (USD MILLION)
                    TABLE 129 UNITED KINGDOM: MARKET SIZE, BY COMPONENT,  2019–2025 (USD MILLION)
                    TABLE 130 UNITED KINGDOM: MARKET SIZE, BY SERVICE,  2014–2019 (USD MILLION)
                    TABLE 131 UNITED KINGDOM: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                    TABLE 132 UNITED KINGDOM: MARKET SIZE, BY SERVICE TYPE,  2014–2019 (USD MILLION)
                    TABLE 133 UNITED KINGDOM: IMAGE RECOGNITION MARKET SIZE, BY SERVICE TYPE,  2019–2025 (USD MILLION)
                    TABLE 134 UNITED KINGDOM: MARKET SIZE, BY DEPLOYMENT MODE,  2014–2019 (USD MILLION)
                    TABLE 135 UNITED KINGDOM: MARKET SIZE, BY DEPLOYMENT MODE,  2019–2025 (USD MILLION)
                    TABLE 136 UNITED KINGDOM: MARKET SIZE, BY APPLICATION,  2014–2019 (USD MILLION)
                    TABLE 137 UNITED KINGDOM: MARKET SIZE, BY APPLICATION,  2019–2025 (USD MILLION)
                    TABLE 138 UNITED KINGDOM: MARKET SIZE, BY VERTICAL,   2014–2019 (USD MILLION)
                    TABLE 139 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
             12.3.6 GERMANY
             12.3.7 FRANCE
             12.3.8 ITALY
             12.3.9 RUSSIA
             12.3.10 REST OF EUROPE
     12.4 ASIA PACIFIC
             12.4.1 ASIA PACIFIC: IMAGE RECOGNITION MARKET DRIVERS
             12.4.2 ASIA PACIFIC: MARKET VENDOR INITIATIVES AND DEVELOPMENTS
             12.4.3 ASIA PACIFIC: COVID-19 IMPACT
             12.4.4 ASIA PACIFIC: MARKET REGULATORY LANDSCAPE
                    FIGURE 34 ASIA PACIFIC: MARKET SNAPSHOT
                    TABLE 140 ASIA PACIFIC: MARKET SIZE, BY TECHNOLOGY, 2014–2019 (USD MILLION)
                    TABLE 141 ASIA PACIFIC: MARKET SIZE, BY TECHNOLOGY,   2019–2025 (USD MILLION)
                    TABLE 142 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                    TABLE 143 ASIA PACIFIC: MARKET SIZE, BY COMPONENT,   2019–2025 (USD MILLION)
                    TABLE 144 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                    TABLE 145 ASIA PACIFIC: MARKET SIZE, BY SERVICE,  2019–2025 (USD MILLION)
                    TABLE 146 ASIA PACIFIC: MARKET SIZE, BY SERVICE TYPE, 2014–2019 (USD MILLION)
                    TABLE 147 ASIA PACIFIC: IMAGE RECOGNITION MARKET SIZE, BY SERVICE TYPE, 2019–2025 (USD MILLION)
                    TABLE 148 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE,  2014–2019 (USD MILLION)
                    TABLE 149 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE,  2019–2025 (USD MILLION)
                    TABLE 150 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2014–2019 (USD MILLION)
                    TABLE 151 ASIA PACIFIC: MARKET SIZE, BY APPLICATION,  2019–2025 (USD MILLION)
                    TABLE 152 ASIA PACIFIC: MARKET SIZE, BY VERTICAL,  2014–2019 (USD MILLION)
                    TABLE 153 ASIA PACIFIC: MARKET SIZE, BY VERTICAL,   2019–2025 (USD MILLION)
                    TABLE 154 ASIA PACIFIC: MARKET SIZE, BY COUNTRY,  2014–2019 (USD MILLION)
                    TABLE 155 ASIA PACIFIC: MARKET SIZE, BY COUNTRY,  2019–2025 (USD MILLION)
             12.4.5 AUSTRALIA
                    TABLE 156 AUSTRALIA: IMAGE RECOGNITION MARKET SIZE, BY TECHNOLOGY,  2014–2019 (USD MILLION)
                    TABLE 157 AUSTRALIA: MARKET SIZE, BY TECHNOLOGY,   2019–2025 (USD MILLION)
                    TABLE 158 AUSTRALIA: MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                    TABLE 159 AUSTRALIA: MARKET SIZE, BY COMPONENT,   2019–2025 (USD MILLION)
                    TABLE 160 AUSTRALIA: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                    TABLE 161 AUSTRALIA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                    TABLE 162 AUSTRALIA: MARKET SIZE, BY SERVICE TYPE, 2014–2019 (USD MILLION)
                    TABLE 163 AUSTRALIA: MARKET SIZE, BY SERVICE TYPE, 2019–2025 (USD MILLION)
                    TABLE 164 AUSTRALIA: MARKET SIZE, BY DEPLOYMENT MODE,  2014–2019 (USD MILLION)
                    TABLE 165 AUSTRALIA: IMAGE RECOGNITION MARKET SIZE, BY DEPLOYMENT MODE,  2019–2025 (USD MILLION)
                    TABLE 166 AUSTRALIA: MARKET SIZE, BY APPLICATION,  2014–2019 (USD MILLION)
                    TABLE 167 AUSTRALIA: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
                    TABLE 168 AUSTRALIA: MARKET SIZE, BY VERTICAL,   2014–2019 (USD MILLION)
                    TABLE 169 AUSTRALIA: MARKET SIZE, BY VERTICAL,   2019–2025 (USD MILLION)
             12.4.6 SOUTH KOREA
             12.4.7 MALAYSIA
             12.4.8 CHINA
             12.4.9 JAPAN
             12.4.10 INDIA
             12.4.11 REST OF ASIA PACIFIC
     12.5 MIDDLE EAST AND AFRICA
             12.5.1 MIDDLE EAST AND AFRICA: IMAGE RECOGNITION MARKET DRIVERS
             12.5.2 MIDDLE EAST AND AFRICA: MARKET VENDOR INITIATIVES AND DEVELOPMENTS
             12.5.3 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
             12.5.4 MIDDLE EAST AND AFRICA: MARKET REGULATORY LANDSCAPE
                    TABLE 170 MIDDLE EAST AND AFRICA: MARKET SIZE,  BY TECHNOLOGY,  2014–2019 (USD MILLION)
                    TABLE 171 MIDDLE EAST AND AFRICA: MARKET SIZE, BY TECHNOLOGY,  2019–2025 (USD MILLION)
                    TABLE 172 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT,  2014–2019 (USD MILLION)
                    TABLE 173 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT,  2019–2025 (USD MILLION)
                    TABLE 174 MIDDLE EAST AND AFRICA: IMAGE RECOGNITION MARKET SIZE, BY SERVICE,  2014–2019 (USD MILLION)
                    TABLE 175 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE,  2019–2025 (USD MILLION)
                    TABLE 176 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE TYPE,  2014–2019 (USD MILLION)
                    TABLE 177 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE TYPE,  2019–2025 (USD MILLION)
                    TABLE 178 MIDDLE EAST AND AFRICA: MARKET SIZE , BY DEPLOYMENT MODE, 2014–2019 (USD MILLION)
                    TABLE 179 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                    TABLE 180 MIDDLE EAST AND AFRICA: MARKET SIZE, BY APPLICATION,  2014–2019 (USD MILLION)
                    TABLE 181 MIDDLE EAST AND AFRICA: MARKET SIZE, BY APPLICATION,  2019–2025 (USD MILLION)
                    TABLE 182 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL,  2014–2019 (USD MILLION)
                    TABLE 183 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL,  2019–2025 (USD MILLION)
                    TABLE 184 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COUNTRY,  2014–2019 (USD MILLION)
                    TABLE 185 MIDDLE EAST AND AFRICA: MARKET SIZE,  BY COUNTRY,  2019–2025 (USD MILLION)
             12.5.5 UNITED ARAB EMIRATES
             12.5.6 KINGDOM OF SAUDI ARABIA
                    TABLE 186 KINGDOM OF SAUDI ARABIA: IMAGE RECOGNITION MARKET SIZE, BY TECHNOLOGY, 2014–2019 (USD MILLION)
                    TABLE 187 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY TECHNOLOGY, 2019–2025 (USD MILLION)
                    TABLE 188 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                    TABLE 189 KINGDOM OF SAUDI ARABIA: MARKET SIZE,  BY COMPONENT, 2019–2025 (USD MILLION)
                    TABLE 190 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY SERVICE,  2014–2019 (USD MILLION)
                    TABLE 191 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY SERVICE,  2019–2025 (USD MILLION)
                    TABLE 192 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY SERVICE TYPE, 2014–2019 (USD MILLION)
                    TABLE 193 KINGDOM OF SAUDI ARABIA: MARKET SIZE,  BY SERVICE TYPE, 2019–2025 (USD MILLION)
                    TABLE 194 KINGDOM OF SAUDI ARABIA: IMAGE RECOGNITION MARKET SIZE, BY DEPLOYMENT MODE, 2014–2019 (USD MILLION)
                    TABLE 195 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                    TABLE 196 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY APPLICATION, 2014–2019 (USD MILLION)
                    TABLE 197 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
                    TABLE 198 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY VERTICAL,  2014–2019 (USD MILLION)
                    TABLE 199 KINGDOM OF SAUDI ARABIA: MARKET SIZE, BY VERTICAL,  2019–2025 (USD MILLION)
             12.5.7 REST OF MIDDLE EAST AND AFRICA
     12.6 LATIN AMERICA
             12.6.1 LATIN AMERICA: IMAGE RECOGNITION MARKET DRIVERS
             12.6.2 LATIN AMERICA: MARKET VENDOR INITIATIVES AND DEVELOPMENTS
             12.6.3 LATIN AMERICA: COVID-19 IMPACT
             12.6.4 LATIN AMERICA: MARKET REGULATORY LANDSCAPE
                    TABLE 200 LATIN AMERICA: MARKET SIZE, BY TECHNOLOGY,  2014–2019 (USD MILLION)
                    TABLE 201 LATIN AMERICA: MARKET SIZE, BY TECHNOLOGY,  2019–2025 (USD MILLION)
                    TABLE 202 LATIN AMERICA: MARKET SIZE, BY COMPONENT,  2014–2019 (USD MILLION)
                    TABLE 203 LATIN AMERICA: MARKET SIZE, BY COMPONENT,  2019–2025 (USD MILLION)
                    TABLE 204 LATIN AMERICA: MARKET SIZE, BY SERVICE,  2014–2019 (USD MILLION)
                    TABLE 205 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                    TABLE 206 LATIN AMERICA: MARKET SIZE, BY SERVICE TYPE,  2014–2019 (USD MILLION)
                    TABLE 207 LATIN AMERICA: IMAGE RECOGNITION MARKET SIZE, BY SERVICE TYPE,  2019–2025 (USD MILLION)
                    TABLE 208 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE,  2014–2019 (USD MILLION)
                    TABLE 209 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE,  2019–2025 (USD MILLION)
                    TABLE 210 LATIN AMERICA: MARKET SIZE, BY APPLICATION,  2014–2019 (USD MILLION)
                    TABLE 211 LATIN AMERICA: MARKET SIZE, BY APPLICATION,  2019–2025 (USD MILLION)
                    TABLE 212 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
                    TABLE 213 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
                    TABLE 214 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2014–2019 (USD MILLION)
                    TABLE 215 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION)
             12.6.5 BRAZIL
                    TABLE 216 BRAZIL: IMAGE RECOGNITION MARKET SIZE, BY TECHNOLOGY,  2014–2019 (USD MILLION)
                    TABLE 217 BRAZIL: MARKET SIZE, BY TECHNOLOGY,  2019–2025 (USD MILLION)
                    TABLE 218 BRAZIL: MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                    TABLE 219 BRAZIL: MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                    TABLE 220 BRAZIL: MARKET SIZE, BY SERVICE, 2014–2019 (USD MILLION)
                    TABLE 221 BRAZIL: MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION)
                    TABLE 222 BRAZIL: MARKET SIZE, BY SERVICE TYPE, 2014–2019 (USD MILLION)
                    TABLE 223 BRAZIL: MARKET SIZE, BY SERVICE TYPE, 2019–2025 (USD MILLION)
                    TABLE 224 BRAZIL: IMAGE RECOGNITION MARKET SIZE, BY DEPLOYMENT MODE,  2014–2019 (USD MILLION)
                    TABLE 225 BRAZIL: MARKET SIZE, BY DEPLOYMENT MODE,  2019–2025 (USD MILLION)
                    TABLE 226 BRAZIL: MARKET SIZE, BY APPLICATION, 2014–2019 (USD MILLION)
                    TABLE 227 BRAZIL: MARKET SIZE, BY APPLICATION, 2019–2025 (USD MILLION)
                    TABLE 228 BRAZIL: MARKET SIZE, BY VERTICAL,  2014–2019 (USD MILLION)
                    TABLE 229 BRAZIL: MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
             12.6.6 REST OF LATIN AMERICA

13 COMPETITIVE LANDSCAPE (Page No. - 183)
     13.1 INTRODUCTION
     13.2 MARKET EVALUATION FRAMEWORK
          FIGURE 35 MARKET EVALUATION FRAMEWORK
     13.3 REVENUE ANALYSIS OF LEADING PLAYERS
          FIGURE 36 IMAGE RECOGNITION MARKET: REVENUE ANALYSIS
     13.4 HISTORICAL REVENUE ANALYSIS
          FIGURE 37 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
     13.5 RANKING OF KEY PLAYERS IN MARKET, 2020

14 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 186)
     14.1 COMPANY EVALUATION MATRIX
             14.1.1 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
                    TABLE 230 EVALUATION CRITERIA
             14.1.2 STAR
             14.1.3 PERVASIVE
             14.1.4 EMERGING LEADERS
             14.1.5 PARTICIPANTS
                    FIGURE 38 IMAGE RECOGNITION MARKET (GLOBAL), COMPANY EVALUATION MATRIX, 2020
     14.2 STRENGTH OF PRODUCT PORTFOLIO
     14.3 BUSINESS STRATEGY EXCELLENCE
     14.4 COMPANY PROFILES
(Business Overview, Solutions Offered, Recent Developments, MNM View, Key Strengths/Right to Win, Strategic Choices Made, Weakness and Competitive Threats and COVID-19-Related Developments)*
             14.4.1 IBM
                    FIGURE 39 IBM: COMPANY SNAPSHOT
             14.4.2 GOOGLE
                    FIGURE 40 GOOGLE: COMPANY SNAPSHOT
             14.4.3 QUALCOMM
                    FIGURE 41 QUALCOMM: COMPANY SNAPSHOT
             14.4.4 MICROSOFT
                    FIGURE 42 MICROSOFT: COMPANY SNAPSHOT
             14.4.5 AMAZON WEB SERVICES
                    FIGURE 43 AWS: COMPANY SNAPSHOT
             14.4.6 TRAX
             14.4.7 NEC CORPORATION
                    FIGURE 44 NEC CORPORATION: COMPANY SNAPSHOT
             14.4.8 PARTIUM
             14.4.9 LTU TECH
             14.4.10 HUAWEI
             14.4.11 HONEYWELL
             14.4.12 HITACHI
             14.4.13 TOSHIBA
             14.4.14 ORACLE
             14.4.15 VISPERA
             14.4.16 BLIPPAR
             14.4.17 WIKITUDE
             14.4.18 CLARIFAI
     14.5 RIGHT TO WIN
     14.6 STARTUP/SME EVALUATION MATRIX, 2020
             14.6.1 PROGRESSIVE COMPANIES
             14.6.2 RESPONSIVE COMPANIES
             14.6.3 DYNAMIC COMPANIES
             14.6.4 STARTING BLOCKS
                    FIGURE 45 IMAGE RECOGNITION MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX, 2020
             14.6.5 TRIGO
             14.6.6 INFFRD
             14.6.7 AIRY3D
             14.6.8 STANDARD COGNITION
             14.6.9 UNISPECTRAL LTD.
             14.6.10 SNAP2INSIGHT
             14.6.11 RESTB.AI
             14.6.12 VIZE BY XIMILAR
             14.6.13 MIRROR THAT LOOK

*Details on Business Overview, Solutions Offered, Recent Developments, MNM View, Key Strengths/Right to Win, Strategic Choices Made, Weakness and Competitive Threats and COVID-19-Related Developments might not be captured in case of unlisted companies.

15 ADJACENT/RELATED MARKETS (Page No. - 229)
     15.1 INTRODUCTION
     15.2 IMAGE RECOGNITION IN RETAIL MARKET
             15.2.1 MARKET DEFINITION
                    TABLE 231 IMAGE RECOGNITION IN RETAIL MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                    TABLE 232 VISUAL PRODUCT SEARCH: IMAGE RECOGNITION IN RETAIL MARKET SIZE,  BY REGION, 2018–2025 (USD MILLION)
                    TABLE 233 SECURITY AND SURVEILLANCE: IMAGE RECOGNITION IN RETAIL MARKET SIZE,  BY REGION, 2018–2025 (USD MILLION)
                    TABLE 234 VISION ANALYTICS: IMAGE RECOGNITION IN RETAIL MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                    TABLE 235 MARKETING AND ADVERTISING: IMAGE RECOGNITION IN RETAIL MARKET SIZE,  BY REGION, 2018–2025 (USD MILLION)
                    TABLE 236 OTHER APPLICATIONS: IMAGE RECOGNITION IN RETAIL MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
     15.3 IOT IN RETAIL MARKET
             15.3.1 MARKET DEFINITION
                    TABLE 237 IOT IN RETAIL MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                    TABLE 238 OPERATIONS MANAGEMENT: IOT IN RETAIL MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                    TABLE 239 ASSET MANAGEMENT: IOT IN RETAIL MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 240 CUSTOMER EXPERIENCE MANAGEMENT: IOT IN RETAIL MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
                    TABLE 241 ADVERTISING AND MARKETING: IOT IN RETAIL MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
     15.4 ARTIFICIAL INTELLIGENCE IN RETAIL MARKET
             15.4.1 MARKET DEFINITION
                    TABLE 242 ARTIFICIAL INTELLIGENCE IN RETAIL MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION)
                    TABLE 243 ARTIFICIAL INTELLIGENCE IN RETAIL MARKET SIZE, BY TECHNOLOGY, 2015–2022 (USD MILLION)
                    TABLE 244 ARTIFICIAL INTELLIGENCE IN RETAIL MARKET SIZE, BY SOLUTION,   2015–2022 (USD MILLION)
                    TABLE 245 ARTIFICIAL INTELLIGENCE IN RETAIL MARKET SIZE, BY SERVICE,  2015–2022 (USD MILLION)
                    TABLE 246 ARTIFICIAL INTELLIGENCE IN RETAIL MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
                    TABLE 247 ARTIFICIAL INTELLIGENCE IN RETAIL MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)

16 APPENDIX (Page No. - 236)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the image recognition market. Exhaustive secondary research was done to collect information the image recognition market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the size of the market segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases, have been referred to identify and collect information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. Data was also collected from secondary sources such as the SANS Institute, Information Systems Security Association (ISSA), Information Security Forum (ISF), European Cyber Security Organization (ECSO), and the European Union Agency for Cybersecurity (ENISA).

Secondary research was mainly used to obtain key information about the industry’s value chain and supply chain to identify key players according to their offerings and industry trends related to technology, application, and region, and key developments from both market and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief Experience Officers (CXOs), Vice Presidents (VPs), directors from business development, marketing, and product development/innovation teams, and related key executives from image recognition hardware, image recognition solution vendors, image recognition service providers, industry associations, independent image recognition consultants, and key opinion leaders.

Primary interviews were conducted to gather insights, such as market statistics, data of revenue collected from the products and services, market breakups, market size estimations, market forecasting, and data triangulation. Primary research also helped understand the various trends related to technology, application, deployment, and region. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), and Chief Security Officers (CSOs), and installation teams, of governments/end users using image recognition solutions, were interviewed to understand the buyer’s perspective on the suppliers, products, service providers, and their current use of IMAGE RECOGNITION solutions, which would affect the overall image recognition market.

Following is the breakup of the primary respondent:

Image Recognition Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the image recognition. These methods were also used extensively to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at each market segment's exact statistics and subsegment, data triangulation, and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To determine and forecast the global image recognition market by technology, component (hardware, software, and services), deployment mode, application, vertical, and region from 2020 to 2025, and analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the market segments' size with respect to five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall image recognition
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the image recognition

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic analysis

  • Further breakup of the North America image recognition market into countries
  • Further breakup of the Europe image recognition market into countries
  • Further breakup of the APAC image recognition market into countries
  • Further breakup of the MEA image recognition market into countries
  • Further breakup of the Latin America image recognition market into countries

Company information

  • Detailed analysis and profiling of additional market players
COVID-19

Get in-depth analysis of the COVID-19 impact on the Image Recognition Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Image Recognition Market

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Report Code
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