AI Image Recognition Market is expected to reach US $ 8.04 Bn by 2029, at a CAGR of 24.82% during the forecast period.

Market Overview

The new market intelligence report published by AI Image Recognition  Maximize Market Research, indicates the lucrative growth for Automotive Interior Materials suppliers in the forecast period through 2029. The report consolidates a low down topographical assessment of enormous regions and countries. The serious scene is additionally inspected top to bottom to find out with regards to huge firms' item and provincial development procedure, consolidation acquisitions, coordinated efforts, and affiliations. The Maximize Market Research, an automotive market research firm, has served more than 600 clients across the world since 2017.

Market Scope

The Maximize Market Research report provides a regional analysis of potential investment opportunities for existing and new market entrants. The research also provides current market trends and forecasts for the years 2022-2029. The report also identified key future trends that will influence demand throughout the projected period. The report includes a regional analysis of market dynamics, which assists readers in comparing past trends to current market scenarios, as well as the contributions of key players. The research uses analytical methodologies such as Porter’s five forces analysis and PESTLE of the AI Image Recognition  market to provide insights into the market.

Segmentation

Global AI Image Recognition Market is segmented by Deployment, by offering, industry vertical, and Application, technology and by region. By Deployment, cloud-based is anticipated to account for a major share during the forecast period in 2021 and is expected to keep its dominance over the forecast period owing to rising usage of cloud-based image processing solutions to secure confidential data and strengthen their marketing endeavours. Increased adoption of cloud-based solutions among different verticals. For instance, Amazon Rekognition, driven by deep learning technology, offers highly accurate facial search and facial analysis capabilities that can be used for a wide range of user verification and public safety use cases for identification, analysis and comparison of faces. By offering, services held the highest market share in 2021 due to the growth of the hardware component market is due to the growing demand for rich media is pushing businesses such as NEC, LTU Technologies and Catchoom to provide integrated training, technical services and support and maintenance services. By industry vertical, media & entertainment segment held the highest market share in 2021 and is expected to keep its dominance over the forecast period due to potential of image recognition technology to derive business insights from photographs posted on social media. Through integrating computer vision and machine learning, the evolution of virtual reality environments has changed the media and entertainment sector, including interactive media, gaming, advertisement, and TV and film production expertise.

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Key Players

• IBM Corporation
• Imagga Technologies Ltd
• Amazon Web Services, Inc
• Qualcomm
• Google LLC
• Microsoft Corporation
• Trax Technology Solutions Pte Ltd
• NEC Corporation
• LTUTech
• Ricoh Company, Ltd
• Catchoom Technologies S.L
• Intel Corporation
• Honeywell International Inc
• Hitachi, Ltd
• Intelligence Retail
• Slyce Acquisition Inc

Regional Analysis

AI Image Recognition  Region dominated the AI Image Recognition  Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the AI Image Recognition  Market growth in the region.

Global AI Image Recognition  Market Regional Analysis Includes:

1. Asia-Pacific(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
2. Europe(Turkey, Germany, Russia UK, Italy, France, etc.)
3. North America(the United States, Mexico, and Canada.)
4. South America(Brazil etc.)
5. The Middle East and Africa(GCC Countries and Egypt.)

 Key Questions answered in the AI Image Recognition  Market Report are:

• What is AI Image Recognition  Market?
• What is the forecast period of the AI Image Recognition  Market?
• What is the competitive scenario of the AI Image Recognition  market?
• Which region held the largest market share in the AI Image Recognition  Market?
• What are the opportunities for the AI Image Recognition  Market?
• What factors are affecting the AI Image Recognition  market growth?
• Who are the key players of the AI Image Recognition  market?
• Which company held the largest share in the AI Image Recognition  market?
• What will be the CAGR of the AI Image Recognition  market during the forecast period?
• What key trends are likely to emerge in the AI Image Recognition  market in the coming years?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by AI Image Recognition #
• Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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