Press release
Ai Image Recognition Market: In-Depth Exploration of Key Players and Forecast to 2024-2031 | Qualcomm, Google LLC, Microsoft Corporation.
The Global AI Image Recognition Market reached US$ 1.9 Billion in 2022 and is expected to reach US$ 4.6 Billion by 2030, growing with a CAGR of 11.8% during the forecast period 2024-2031.Ai Image Recognition Market analysis, according to DataM Intelligence, offers more than just an overview, it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.
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The Ai Image Recognition market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
The AI Image Recognition Market focuses on the use of artificial intelligence to analyze and interpret visual data from images and videos. This technology is applied across various industries, including healthcare (for diagnostic imaging), retail (for visual search and inventory management), automotive (in self-driving cars), and security (for surveillance). The market is growing due to advancements in machine learning, the increasing demand for automation, and the wide application of AI in enhancing operational efficiency and decision-making processes.
Forecast Growth Projected:
The Global Ai Image Recognition Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
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.
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.
Industry Development:
On December 12, 2023, Mastercard launched Shopping Muse, an AI-powered tool designed to provide personalized product recommendations. Shoppers can use this tool by entering search terms like "cottage core" or "beach formal," and in return, they receive product suggestions tailored to their demographic profile, intent, purchase history, and other personal traits, enhancing the shopping experience.
On October 2, 2023, GoSpotCheck by FORM, an AI-driven retail execution platform for Beverage Alcohol and Consumer Packaged Goods (CPG), unveiled an upgrade to its image recognition technology. This latest innovation helps businesses manage on-premise displays such as beer menus, beer taps, wine menus, cocktail menus, and back bars, optimizing the presentation and execution of their retail assets.
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Regional Break out:
The global Ai Image Recognition Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Ai Image Recognition manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Ai Image Recognition in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently asked questions:
➠ What is the global sales value, production value, consumption value, import and export of Ai Image Recognition market?
➠ Who are the global key manufacturers of the Ai Image Recognition Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Ai Image Recognition market opportunities and threats faced by the vendors in the global Ai Image Recognition Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Ai Image Recognition market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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