AI image recognition is a technology that uses artificial intelligence algorithms to analyze and identify objects and patterns in digital images. AI image recognition is used in a variety of applications, including security, healthcare, transportation, and e-commerce. The global ai image recognition market is projected to rise by USD 5.7 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 18.92 percent during the forecast period.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global ai image recognition market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, end user, and region. The global market for ai image recognition can be segmented by component: hardware, software, services. The hardware segment held the largest revenue share in 2022. Ai image recognition market is further segmented by end user: automotive, BFSI, healthcare, retail, security, others. Among these, the retail segment was accounted for the highest revenue generator in 2022. Based on region, the ai image recognition market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America captured the largest share of the market in 2022.

Market Segmentation
By component: hardware, software, services
By end user: automotive, BFSI, healthcare, retail, security, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report has also analysed the competitive landscape of the global ai image recognition market with some of the key players being Alphabet Inc., Amazon Web Services Inc., Clarifai Inc., Cortexica Vision Systems Ltd. (Zebra Technologies Corporation), Hitachi, Ltd., Honeywell International Inc., IBM Corporation, Intel Corporation, LPIXEL Inc., LTU Technologies S.A.S. (JASTEC International Inc.), Micron Technology Inc., Microsoft Corporation, NEC Corporation, Nvidia Corporation, Qualcomm Incorporated (Wikitude GmbH), Samsung Electronics Co., Ltd., Softech, Ltd., Vispera Information Technologies A.S., Xilinx Inc. (Advanced Micro Devices, Inc.), among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global ai image recognition market.
• To classify and forecast the global ai image recognition market based on component, end user, region.
• To identify drivers and challenges for the global ai image recognition market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global ai image recognition market.
• To identify and analyze the profile of leading players operating in the global ai image recognition market.

Why Choose This Report
• Gain a reliable outlook of the global ai image recognition market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.