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Image Recognition Market Trend, Growth, Size, Key Players and Competitive Landscape Research Report by 2032
image recognition market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐๐ - 433 ๐๐๐ ๐๐ฌ) ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/5075
Based on deployment mode, the on-premise segment held the highest market share in 2022, accounting for more than three-fifths of the global image recognition market revenue, and is expected to maintain its lead position during the forecast period. on-premise solutions provide improved data privacy and security by lowering the risk of data breaches and unauthorized access. Thus, organizations working with sensitive visual data choose on-premises solutions due to the rise in concerns about data protection and regulatory compliance. However, the cloud segment would display the highest CAGR of 18.1% from 2022 to 2032. This is due to an increase in the adoption of cloud-based image recognition solutions by businesses across various industries. Furthermore, cloud computing offers scalability, flexibility, and cost-effectiveness, making it an attractive option for companies looking to leverage image recognition technology.
Furthermore, major market players have undertaken various strategies to increase the competition and offer enhanced services to their customers. For instance, in November 2022, NEC Corporation developed a highly accurate technology that recognizes in real time a wide variety of work activities performed by multiple people from images captured by cameras. With this new development, it is possible to recognize various work activities even in congested environments with many people, such as construction sites, which have been difficult to accurately analyze until now. Therefore, such strategy helps to grow the image recognition market.
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/image-recognition-market/purchase-options
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
Microsoft Corporation, Amazon Web Services, Inc., NEC CORPORATION, Catchtoom, Google LLC, IBM, LTU Technologies, Inc., Imagga Technologies Ltd., Intel Corporation., Oracle Corporation.
Region wise, North America attained the highest growth in 2022 due to surge in demand for automation coupled with rapid digitization across industries, advancements in artificial intelligence (AI) and deep learning algorithms, and widespread adoption of smartphones and other connected devices. In addition, with robust technological infrastructure and high adoption rate of cutting-edge technologies in the region, it provides a fertile ground for companies to develop and deploy innovative image recognition solutions, leading to increased efficiency, enhanced user experiences, and new business opportunities. However, Asia-Pacific is considered to grow at the fastest rate during the forecast period owing to increase in adoption of smartphones, rise in internet penetration, and surge in e-commerce activities.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/5075
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
By component, the hardware segment led the image recognition market analysis in terms of revenue in 2022.
By deployment mode, the on-premise segment accounted for the highest image recognition market forecast in 2022.
By application, the security and surveillance segment accounted for the highest Image recognition market share in 2022.
By industry vertical, the media and entertainment segment accounted for the highest Image recognition market share in 2022.
By region, North America generated the highest revenue in 2022.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/5075
Based on technology, the object recognition segment held the highest market share in 2022, accounting for more than two-fifths of the global image recognition market revenue, and is projected to rule the roost by 2032. This is attributed to the fact that object recognition technology has matured significantly, making it highly accurate and reliable in identifying and classifying objects within images. This has led to its widespread adoption across various industries, including automotive, retail, healthcare, and manufacturing, among others. However, the facial recognition segment would exhibit the highest CAGR of 20.7% from 2022 to 2032. This is because facial recognition technology has seen significant advancements in recent years, enabling more accurate and reliable identification of individuals. Moreover, the increasing demand for enhanced security measures across various industries, such as law enforcement, banking, and retail, is driving the adoption of facial recognition systems.
Based on region, North America held the major share in 2022, garnering nearly two-fifths of the global image recognition market revenue. The growth is attributed to the increasing demand for automation and digitization across industries, advancements in artificial intelligence (AI) and deep learning algorithms, and the widespread adoption of smartphones and other connected devices. On the other hand, the Europe region is likely to dominate in terms of revenue during the forecast period. However, the Asia-Pacific region is expected to witness the fastest CAGR of 19.4% from 2023 to 2032. Increasing adoption of smartphones, rising internet penetration, and growing e-commerce activities are driving the demand for image recognition technology in the Asia-pacific region.
๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
enterprise content management system market - https://www.alliedmarketresearch.com/enterprise-content-management-system-market
artificial intelligence as a service market - https://www.alliedmarketresearch.com/artificial-intelligence-as-a-service-aiaas-market
Payment Gateway Market - https://www.alliedmarketresearch.com/payment-gateway-market-A08244
IoT Telecom Services Market - https://www.alliedmarketresearch.com/iot-telecom-services-market-A31745
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