AI Recognition Market 2022 Analysis and Precise Outlook - Microsoft Azure, Google, Tencent, Alibaba, Amazon, InData Labs, Thales, Fritz AI, Imagga

Global AI Recognition Market Size, Status and Forecast 2022-2028

The report discusses many vital industry facets that influence global AI Recognition industry acutely which includes extensive study of competitive edge, latest technological advancements, region-wise industry environment, contemporary market and trends, top market contenders, and recent consumption tendency of the end user. The report also manages market size, market share, growth rate, revenue, and CAGR reported before along with its forecast estimation.

AI Recognition Market estimated value was USD 1695.93 million in 2020 and is expected to reach a value of USD 5161.04 million by 2026, registering a CAGR of 24.82% during the forecast period (2021 - 2026)

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The prominent players in the global AI Recognition Market are: Microsoft Azure, Google, Tencent, Alibaba, Amazon, InData Labs, Thales, Fritz AI, Imagga, Planorama, CyberLink, Fujitsu, IBM, Paravision, DeepVision, Huawei

News and Updates

March 2019 - Amazon Rekognition launched enhanced face analysis. This is the fifth model update overall since the service launched. Face analysis generates rich metadata about detected faces in the form of gender, age range, emotions, attributes such as 'Smile', 'Eyeglasses' and 'Beard', face pose, face image quality, and face landmarks.

April 2019 - Google partnered with Atos in opening its new AI laboratory in Paris. The facility will enable the customers and private and public organizations to identify use cases for AI, co-create and prototype workable AI solutions, and drive adoption of the rapidly developing technology.

Regional Assessment 

Geographically, the global AI Recognition market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and others), Asia-Pacific (China, India, Japan, and others), and LAMEA (Latin America, Middle East, and Africa).

Market Segments by Types
Software

Services

Global AI Recognition market: Applications
BFSI

Media & Entertainment

Retail & Consumer Goods

IT & Telecom

Government

Healthcare

Transportation & Logistics

Others

Market Overview

Images are real and extensive, and unlike other forms of data, they also cannot be forged easily. These characteristics make the images, repositories of big data, and hence, exploiting such valuable data can be a great source of information for banks and financial institutions.

The BFSI industry has been a major benefactor of AI, with 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).

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Research Methodology:

We follow a robust research methodology that includes data triangulation based on top-down, bottom-up approaches, and authentication of the estimated market numbers through primary research. The information used to estimate the AI Recognition market size and forecast for various segments at the global, regional, and country level is derived from the most reliable published sources and through interviews with the correct stakeholders.

Key Takeaways from AI Recognition Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the AI Recognition market - key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance - AI Recognition market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to advance top-line revenues

─Appreciate the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a rapid outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the AI Recognition

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