MI Cloud allows all employees, regardless of rank, democratic access to cutting edge market research data. It helps B2B companies translate growth intelligence to revenue intelligence, enables teams and partners to collaborate on analysis, insights and decision making while identifying niche market opportunities arising out of disruptions. It also enables gathering of intelligence by taking advantage of proven and highly scalable data analysis and insights.
Client’s Problem Statement
A US-based AI startup needed information about the market opportunities in image recognition. The company also wanted to understand the competitive landscape by learning about the strategies being adopted by vendors in the ecosystem.
Current estimation, along with a five-year forecast for growth, was provided for the overall image recognition market. Also, the growth patterns of the subsegments of image recognition, such as facial recognition, automatic content recognition, and emotion detection were provided for the market in the US. In addition, a thorough analysis of the vendor landscape, along with strategies, product mix, and venture funding in the ecosystem was shared to help the company align its future strategies.
Revenue Impact (RI)
Our analysis resulted in the client tapping into a USD15 billion market, with projected revenue of ~USD 35-40 million within three years of our recommendations.