Ai Image Recognition Market: 2024 Global Future Scope, Application, Industry Growth, Demand, Region, Competitive Analysis and Forecast 2031 | IBM Corporation, Imagga Technologies Ltd, Amazon Web Services, Inc

DataM Intelligence has released a new research report on the Ai Image Recognition market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global AI Image Recognition Market reached US$ 1.9 Billion in 2023 and is expected to reach US$ 4.6 Billion by 2031, growing with a CAGR of 11.8% during the forecast period 2024-2031.

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The AI image recognition market involves technologies that enable machines to interpret and analyze visual data from images or videos. This market has seen significant growth due to advancements in artificial intelligence, machine learning, and deep learning, making it possible for computers to identify objects, faces, and scenes with high accuracy.

List of the Key Players in the Ai Image Recognition Market:

IBM Corporation, Imagga Technologies Ltd, Amazon Web Services, Inc, Qualcomm, Google LLC, Microsoft Corporation, Trax Technology Solutions Pte Ltd, NEC Corporation, Ricoh Company, Ltd and Catchoom Technologies S.L.

Key Developments:

On October 11, 2023, Klarna, a Swedish fintech company, launched an innovative AI-powered image recognition tool called Shopping Lens. This tool allows customers to take images of products, which are then translated into search terms, directing them to the best deals available on Klarna's app.

Following this, on December 12, 2023, Mastercard introduced Shopping Muse, another AI tool that provides personalized product recommendations. Shoppers can search for items using terms like "cottage core" or "beach formal," and the tool delivers tailored suggestions based on their demographic profile, intent, purchase history, and other characteristics.

Additionally, on October 2, 2023, GoSpotCheck by FORM, a leading AI-powered retail execution platform for the beverage alcohol and consumer packaged goods (CPG) sectors, unveiled an upgrade to its image recognition technology. This latest innovation enhances support for on-premise displays, including beer menus, beer taps, wine menus, cocktail menus, and back bars, improving the overall retail experience.

Research Process:

Both primary and secondary data sources have been used in the global Ai Image Recognition Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Ai Image Recognition Market:

By Component: Hardware, Software, Service.

By Application: Augmented Reality, Scanning & Imaging, Security & Surveillance, Marketing & Advertising, Image Search.

By End-User: Education, Gaming, Healthcare, Government, Aerospace & Defense, Media & Entertainment, Retail, Banking Financial Services and Insurance, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Ai Image Recognition market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Ai Image Recognition Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Ai Image Recognition market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Ai Image Recognition Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Ai Image Recognition market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Ai Image Recognition market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Ai Image Recognition market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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