Global AI image recognition market will reach $8,898.2 million by 2026, growing by 26.9% annually over 2020-2026 owing to the rising need for AI-enabled image recognition technology amid the COVID-19 pandemic.

Highlighted with 82 tables and 74 figures, this 160-page report “Global Artificial Intelligence (AI) Image Recognition Market 2020-2026 by Offering, Function, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global AI image recognition market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2019 and provides forecast from 2020 till 2026 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure 

• Growth Drivers 

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global AI image recognition market in every aspect of the classification from perspectives of Offering, Function, Industry Vertical, and Region. 

Based on Offering, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section. 

• Hardware

• Software

• Service

Based on Function, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section. 

Biometrics Recognition

• Facial Recognition

• Hand and Fingerprint Scan

• Eyes Recognition

• Other Biometrics

Object Identification

Based on Industry Vertical, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section. 

• Automotive 

• BFSI

• Healthcare

• Security

• Retail

• Other Industry Verticals

Geographically, the following regions together with the listed national/local markets are fully investigated:

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)

• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)

• North America (U.S., Canada, and Mexico)

• South America (Brazil, Chile, Argentina, Rest of South America)

• RoW (Saudi Arabia, UAE, Egypt)

For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2015-2026. The breakdown of all regional markets by country and split of key national markets by Offering, Function, and Industry Vertical over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Specifically, potential risks associated with investing in global AI image recognition market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request): 

Aether, Inc. 

Amazon Web Services, Inc. 

Clarifai, Inc. 

Cortexica Vision Systems, Ltd. 

Cortica 

Google LLC 

IBM Corporation 

Intel Corporation 

LPixel, Inc. 

Micron Technology, Inc. 

Microsoft Corporation 

Nvidia Corporation 

Pixelab 

Procter & Gamble Co. 

Qualcomm Corp. 

Samsung Electronics Co., Ltd. 

Softech, Ltd. 

Vee Technologies, Inc. 

Visenze 

Webtunix 

Xilinx Inc. 

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)