AI Image Recognition Market to Grow $3.56 Billion by 2026, Evolving Opportunity with Samsung Electronics Co. Ltd, Slyce Acquisition Inc., Vispera Information Technologies

NEW YORK, November 21, 2022 /PRNewswire/ — The AI Image Recognition Market it is expected to grow USD 3.56 billion during 2021-2026, progressing at a CAGR of 22.37% during 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 technologies, Wikitude GmbH, and Xilinx Inc. are some of the major market participants. Request a free sample report.

Technavio has announced its latest market research report titled Global AI Image Recognition Market

AI Image Recognition Market 2022-2026: Vendor Analysis

The global AI image recognition market is characterized by the presence of various regional as well as international players. These producers have a large geographical presence, large production facilities and significant market shares. Intense competition between manufacturers poses a risk to their operations. The high product differentiation between manufacturers intensifies competition in the market. Therefore, to thrive in such a competitive environment, it becomes imperative for manufacturers to differentiate their product offering through a clear and unique value proposition.

  • 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.

  • 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.

  • Vispera information technologies: The company offers AI-powered software solutions along with specialization in deep learning models used to understand image, video, text, and unstructured audio data.

To find more highlights on the growth strategies adopted by suppliers and theirs
product offerings, read the free sample report.

AI Image Recognition Market 2022-2026: Segmentation

Learn more about additional trends impacting the future of the market and the
Positive and Negative Business Consequences, Buy Sample Report.

AI Image Recognition Market 2022-2026: Scope

Technavio presents a detailed picture of the market through the study, synthesis and sum of data from multiple sources. Our AI Image Recognition Market Report Covers the Following Areas:

Advances in medical imaging, declining hardware costs and increased investment in image recognition will offer immense growth opportunities. However, growing concerns about privacy and data security may be hampering market growth. To make the most of the opportunities, market vendors should focus more on growth prospects in fast-growing segments while maintaining their positions in slow-growing segments.

AI Image Recognition Market 2022-2026: Highlights

  • Market CAGR during the forecast period 2022-2026

  • Detailed information on factors that will assist AI image recognition market growth during the next five years

  • Estimation of the AI ​​Image Recognition market size and its contribution to the main market

  • Predictions about upcoming trends and changes in consumer behavior

  • The growth of the AI ​​image recognition market

  • Analysis of the market competitive landscape and insights into vendors

  • Comprehensive details of factors that will challenge the growth of AI image recognition market vendors

Get unlimited access to our Technavio Insights! Sign up for our billed “Basic Plan”.
annually at USD 5000.

Related Reports:

Global Social Media Management Software Market by Distribution and Region: Forecasts and Analysis 2022-2026: The report extensively covers Social Media Management Software market segmentation based on implementation (cloud-based and on-premises) and geography (North America, EuropeAPAC, South Americaand the Middle East And Africa).

Women’s Health Apps Market by Type and Region: Forecasts and Analysis 2022-2026: The report extensively covers the Women’s Health Apps market segmentation by type (menstrual health, fitness and nutrition, pregnancy tracking and more) and geography (North America, EuropeAPAC, South Americaand the Middle East And Africa).

Market Scope of AI Image Recognition

Report coverage

Details

Page number

120

Reference year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerates to a CAGR of 22.37%

Market growth 2022-2026

$3.56 billion

Market structure

Fragmented

Year-Over-Year Growth (%)

21.27

Regional analysis

North America, APAC, Europe, South America, the Middle East and Africa

Performing market contribution

North America at 60%

Main consuming countries

United States, China, Japan, Germany and the United Kingdom

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Scope

Key companies profiled

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 Technologies, Wikitude GmbH and Xilinx Inc.

Market dynamics

Analysis of the main market, drivers and barriers to market growth, analysis of the fast and slow growing segments, analysis of the impact and recovery of COVID-19 and future consumer dynamics and market condition analysis for the forecast period.

Customization expertise

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Table of contents

1 Executive summary

2 Market landscape

3 Market sizing

4 Analysis of the five forces

5 Market segmentation by end user

6 Customer landscape

7 Geographical landscape

8 drivers, challenges and trends

9 Supplier overview

10 Vendor analysis

11 Appendix

About Technavio

Technavio is a world-leading technology research and consulting company. 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 over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports, covering 800 technologies in 50 countries. Their client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base is based on Technavio’s comprehensive coverage, extensive research and actionable market insights to identify opportunities in the markets existing and potential and evaluate their competitive positions within evolving market scenarios.

Contacts

Technavio Search
Jesse Maida
Media and marketing executive
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

AI image recognition global market

AI image recognition global market

cision

cision

View original content to download media: https://www.prnewswire.com/news-releases/ai-image-recognition-market-to-grow-by-usd-3-56-billion-by-2026- -evolving-opportunity-with-samsung-electronics-co-ltd-slyce-inc-acquisition-vispera-information-technologies—technavio-301681651.html

SOURCE Technavio

Leave a Reply

%d bloggers like this: