Image Recognition Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Technology (Code Recognition, Facial Recognition, Object Recognition, Pattern Recognition, Optical Character Recognition), By Application (Scanning and Imaging, Security and Surveillance, Image Search, Augmented Reality, Marketing, and Advertising), By Deployment (On-Premise, Cloud), By End User and Regional Forecast, 2020-2027

23820
Present Value (M$)
2019
86320
Forecast Value (M$)
2027
17.6%
CAGR (%)

The global image recognition market size was USD 23.82 billion in 2019 and is projected to reach USD 86.32 billion by 2027, exhibiting a CAGR of 17.6% during the forecast period.

Main companies

  • Amazon Web Services (AWS) Inc.
  • Google LLC
  • IBM Corporation
  • Microsoft Corporation
  • Nvidia Corporation
  • Honeywell International Inc.
  • Qualcomm Technologies
  • Inc.
  • Hitachi
  • Ltd.
  • LTU Technologies
  • NEC Corporation
  • Catchoom Technologies
  • S.L.
  • Slyce Acquisition Inc.
  • Wikitude GmbH
  • Blippar Ltd