Global Image Recognition Market to grow at 18% CAGR during 2016-2022

The Global Image Recognition Market is expected to reach a market size of $ 42,246 million by 2022, growing at a growth rate of 18.0 % during the forecast period. Hardware market would lead the Global Image Recognition market attaining a market share of 50.0% by 2022.

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According to the research report, "Global Image Recognition Market (2016-2022)", the Global Image Recognition Market is expected to reach a market size of $ 42,246 million by 2022, growing at a growth rate of 18.0 % during the forecast period. market would lead the Global Image Recognition market attaining a market share of 50.0% by 2022.

However, the Services market would experience the highest growth rate of 22.5 % during the forecast period. Among the different Components Type , the Professional segment is expected to dominate the Global Image Recognition Market thereby growing at a CAGR of 21.6 % during 2016-2022. The North America region would continue to dominate the Image Recognition Market, worldwide by 2022.

Global Image Recognition Market Segmentation

By Component Type

Software

Professional

Consulting & Training

Support & Maintenance

Managed

Security & Surveillance

Marketing & Advertising

By Vertical

Media & Entertainment

Retail & Consumer Goods

Telecom & IT

Healthcare

Transportation & Logistics

Others

Cloud

On-Premise

By Technology

Digital Image Processing

Object Recognition

Others

North America Image Recognition Market

U.S Image Recognition Market

Canada Image Recognition Market

Rest of North America Image Recognition Market

Germany Image Recognition Market

U.K Image Recognition Market

France Image Recognition Market

Spain Image Recognition Market

Rest of Europe Image Recognition Market

Asia-Pacific Image Recognition Market

China Image Recognition Market

India Image Recognition Market

Singapore Image Recognition Market

Rest of Asia-Pacific Image Recognition Market

Brazil Image Recognition Market

UAE Image Recognition Market

South Africa Image Recognition Market

Rest of LAMEA Image Recognition Market

NEC Corporation

Hitachi Ltd.

Google Inc.

Honeywell International, Inc.

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