Global image recognition market is expected to grow at a double digit CAGR during the forecast period. Rise in need for efficient retail execution process is fueling the global image recognition market. Growing population around the globe is creating business market need to cater demands of people. High disposable income and affordability among middle class families is creating new business opportunities for image recognition companies. Adoption of image recognition technology by organizations aid better customer service and manage the interactions with customer in an efficient way. Management of the inventory and marketing products more conveniently on both online and offline platforms are the other two contributing factors for the global image recognition market growth. Retail stores are providing search options coupled with image recognition solutions to market the products in a better way. Consumers’ preference shift toward the online method of shopping instead of conventional way of shopping is the major driver boosting the image recognition market growth. Understanding of the dynamics of the market and gaining future insights of the market is expected to foster the market for image recognition across the globe. Use of image recognition for shelf identification, product placement and satisfying merchandising standards is also anticipated to influence the rise of the market for the upcoming five years.

Global image recognition market is segmented into component, deployment, application, region, and company. Based on regional analysis, North America is anticipated to hold major market share for the forecast period owing to high-end investments by the major players for technological advancements and upgradation of image recognition solutions. Adoption of latest technologies by key players is bolstering the market growth for the predicted period. Asia-Pacific is expected to witness fastest incremental growth for the next five years, 2022-2026. Presence of huge consumer base and investments by industry players and government to upgrade the existing infrastructure is expected to fuel the market growth.

The major players operating in the global image recognition market are Microsoft Corporation, IBM Corporation, Qualcomm, Inc, Google LLC, Amazon Web Services Inc, NEC Corporation, Catchoom, Slyce Inc, Vispera Information Technologies, Toshiba Corporation, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyze the historical growth of the market size of global image recognition market from 2016 to 2019.
  • To estimate and forecast the market size of global image recognition market from 2020 to 2026 and growth rate until 2026.
  • To classify and forecast global image recognition market based on component, deployment, application, region, and company.
  • To identify dominant region or segment in the global image recognition market.
  • To identify drivers and challenges for global image recognition market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global image recognition market.
  • To identify and analyze the profile of leading players operating in global image recognition market.
  • To identify key sustainable strategies adopted by market players in global image recognition market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global image recognition market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Image recognition service provider companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to image recognition

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global image recognition market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·       Global Image Recognition Market, By Component:

    • Hardware
    • Software
    • Services
  • Global Image Recognition Market, By Deployment:
    • On-premise
    • Cloud
  • Global Image Recognition Market, By Application:
    • Scanning and Imaging
    • Security and Surveillance
    • Image Search
    • Augmented Reality
    • Marketing and Advertising
  • Global Image Recognition Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Netherlands
      • Spain
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia

§  Malaysia

o   Middle East & Africa

      • Saudi Arabia
      • South Africa
      • Egypt
      • Nigeria
      • Rest of MEA
    • South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global image recognition market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Impact of COVID-19 on Global Image Recognition Market

5.     Voice of Customer

6.     Global Image Recognition Market Outlook

6.1.   Market Size & Forecast

6.1.1.      By Value

6.2.   Market Share & Forecast

6.2.1.      By Component (Hardware, Software and Services)

6.2.2.      By Deployment (On-premise and Cloud)

6.2.3.      By Application (Scanning and Imaging, Security and Surveillance, Image Search, Augmented Reality, Marketing and Advertising)

6.2.4.      By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

6.2.5.      By Company (2020)

6.3.   Product Market Map

7.     North America Image Recognition Market Outlook

7.1.   Market Size & Forecast          

7.1.1.      By Value

7.2.   Market Share & Forecast

7.2.1.      By Component

7.2.2.      By Deployment

7.2.3.      By Application

7.2.4.      By Country (United States; Canada; Mexico)

7.3.   North America: Country Analysis

7.3.1.      United States Image Recognition Market Outlook

7.3.1.1.           Market Size & Forecast

7.3.1.2.           By Value

7.3.2.      Market Share & Forecast

7.3.2.1.           By Deployment

7.3.2.2.           By Application

7.4.   Canada Image Recognition Market Outlook

7.4.1.      Market Size & Forecast

7.4.1.1.           By Value

7.4.2.      Market Share & Forecast

7.4.2.1.           By Deployment

7.4.2.2.           By Application

7.5.   Mexico Image Recognition Market Outlook

7.5.1.      Market Size & Forecast

7.5.1.1.           By Value

7.5.2.      Market Share & Forecast

7.5.2.1.           By Deployment

7.5.2.2.           By Application

8.     Europe Image Recognition Market Outlook

8.1.   Market Size & Forecast          

8.1.1.      By Value

8.2.   Market Share & Forecast

8.2.1.      By Component

8.2.2.      By Deployment

8.2.3.      By Application

8.2.4.      By Country (UK; Netherlands; Spain; Germany; France; and Rest of Europe)

8.3.   Europe: Country Analysis

8.3.1.      United Kingdom Image Recognition Market Outlook

8.3.1.1.           Market Size & Forecast

8.3.1.2.           By Value

8.3.2.      Market Share & Forecast

8.3.2.1.           By Deployment

8.3.2.2.           By Application

8.4.   Germany Image Recognition Market Outlook

8.4.1.      Market Size & Forecast

8.4.1.1.           By Value

8.4.2.      Market Share & Forecast

8.4.2.1.           By Deployment

8.4.2.2.           By Application

8.5.   Netherlands Image Recognition Market Outlook

8.5.1.      Market Size & Forecast

8.5.1.1.           By Value

8.5.2.      Market Share & Forecast

8.5.2.1.           By Deployment

8.5.2.2.           By Application

8.6.   Spain Image Recognition Market Outlook

8.6.1.      Market Size & Forecast

8.6.1.1.           By Value

8.6.2.      Market Share & Forecast

8.6.2.1.           By Deployment

8.6.2.2.           By Application

8.7.   France Image Recognition Market Outlook

8.7.1.      Market Size & Forecast

8.7.1.1.           By Value

8.7.2.      Market Share & Forecast

8.7.2.1.           By Deployment

8.7.2.2.           By Application

9.     Asia-Pacific Image Recognition Market Outlook

9.1.   Market Size & Forecast          

9.1.1.      By Value

9.2.   Market Share & Forecast

9.2.1.      By Component

9.2.2.      By Deployment

9.2.3.      By Application

9.2.4.      By Country (India, China, Malaysia, Japan, Australia and Rest of Asia Pacific)

9.3.   Asia-Pacific: Country Analysis

9.3.1.      India Image Recognition Market Outlook

9.3.1.1.           Market Size & Forecast

9.3.1.2.           By Value

9.3.2.      Market Share & Forecast

9.3.2.1.           By Deployment

9.3.2.2.           By Application

9.4.   China Image Recognition Market Outlook

9.4.1.      Market Size & Forecast

9.4.1.1.           By Value

9.4.2.      Market Share & Forecast

9.4.2.1.           By Deployment

9.4.2.2.           By Application

9.5.   Malaysia Image Recognition Market Outlook

9.5.1.      Market Size & Forecast

9.5.1.1.           By Value

9.5.2.      Market Share & Forecast

9.5.2.1.           By Deployment

9.5.2.2.           By Application

9.6.   Japan Image Recognition Market Outlook

9.6.1.      Market Size & Forecast

9.6.1.1.           By Value

9.6.2.      Market Share & Forecast

9.6.2.1.           By Deployment

9.6.2.2.           By Application

9.7.   Australia Image Recognition Market Outlook

9.7.1.      Market Size & Forecast

9.7.1.1.           By Value

9.7.2.      Market Share & Forecast

9.7.2.1.           By Deployment

9.7.2.2.           By Application

10.  South America Image Recognition Market Outlook

10.1.                 Market Size & Forecast

10.1.1.   By Value

10.2.                 Market Share & Forecast

10.2.1.   By Component

10.2.2.   By Deployment

10.2.3.   By Application

10.2.4.   By Country (Brazil; Argentina; Colombia; and Rest of South America)

10.3.                 South America: Country Analysis

10.3.1.   Brazil Image Recognition Market Outlook

10.3.1.1.        Market Size & Forecast

10.3.1.2.        By Value

10.3.2.   Market Share & Forecast

10.3.2.1.        By Deployment

10.3.2.2.        By Application

10.4.                 Argentina Image Recognition Market Outlook

10.4.1.   Market Size & Forecast

10.4.1.1.        By Value

10.4.2.   Market Share & Forecast

10.4.2.1.        By Deployment

10.4.2.2.        By Application

10.5.                 Colombia Image Recognition Market Outlook

10.5.1.   Market Size & Forecast

10.5.1.1.        By Value

10.5.2.   Market Share & Forecast

10.5.2.1.        By Deployment

10.5.2.2.        By Application

11.  Middle East and Africa Image Recognition Market Outlook

11.1.                 Market Size & Forecast

11.1.1.   By Value

11.2.                 Market Share & Forecast

11.2.1.   By Component

11.2.2.   By Deployment

11.2.3.   By Application

11.2.4.   By Country (Egypt, South Africa, Saudi Arabia, Nigeria and Rest of Middle East & Africa)

11.3.                 MEA: Country Analysis

11.3.1.   Egypt Image Recognition Market Outlook

11.3.1.1.        Market Size & Forecast

11.3.1.2.        By Value

11.3.2.   Market Share & Forecast

11.3.2.1.        By Deployment

11.3.2.2.        By Application

11.4.                 South Africa Image Recognition Market Outlook

11.4.1.   Market Size & Forecast

11.4.1.1.        By Value

11.4.2.   Market Share & Forecast

11.4.2.1.        By Deployment

11.4.2.2.        By Application

11.5.                 Saudi Arabia Image Recognition Market Outlook

11.5.1.   Market Size & Forecast

11.5.1.1.        By Value

11.5.2.   Market Share & Forecast

11.5.2.1.        By Deployment

11.5.2.2.        By Application

11.6.                 Nigeria Image Recognition Market Outlook

11.6.1.   Market Size & Forecast

11.6.1.1.        By Value

11.6.2.   Market Share & Forecast

11.6.2.1.        By Deployment

11.6.2.2.        By Application

12.  Market Dynamics

12.1.                 Drivers

12.2.                 Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.                 Competition Outlook

14.2.                 Company Profiles (Partial List of Leading Companies)

14.2.1.   Microsoft Corporation

14.2.2.   IBM Corporation

14.2.3.   Qualcomm, Inc

14.2.4.   Google LLC

14.2.5.   Amazon Web Services Inc

14.2.6.   NEC Corporation

14.2.7.   Catchoom

14.2.8.   Slyce Inc

14.2.9.   Vispera Information Technologies

14.2.10.  Toshiba Corporation

15.  Strategic Recommendations

16.  About Us & Disclaimer

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