NORTH AMERICA IMAGE RECOGNITION MARKET FORECAST 2019-2027

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NORTH AMERICA IMAGE RECOGNITION MARKET FORECAST 2019-2027

The North America image recognition market in  is estimated to witness growth at a CAGR of 18.39% during the forecasted period. The increasing adoption of advanced technologies, along with the merging of image recognition and mobile computing platforms, are driving the market growth in the region. The North American image recognition market is evaluated by taking the regions of the United States and Canada into consideration. There is an upsurge in technological advancements in terms of autonomous cars in North America. At the same time, there have been efforts to introduce and educate the masses about the opportunities with regards to image recognition, through the means of workshops and events.

NORTH AMERICA IMAGE RECOGNITION MARKET FORECAST 2019-2027

North America Image Recognition Market by Deployment (On-Premise, Cloud) by Component (Hardware, Software, Services) by Technology (Object Detection, QR/Barcode Recognition, Facial Recognition, Pattern Recognition, Opical Character Recognition) by Application (Scanning and Imaging, Security and Surveillance, Image Search, Augmented Reality, Marketing and Advertising) by End User (IT and Telecom, BFSI, Healthcare, Retail, Government, Media and Entertainment, Transportation and Logistics, Manufacturing, Others) & by Geography

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The market for image recognition in North America is estimated to witness growth at a CAGR of 18.39% during the forecasted period. The increasing adoption of advanced technologies, along with the merging of image recognition and mobile computing platforms, are driving the market growth in the region.

The North American image recognition market is evaluated by taking the regions of the United States and Canada into consideration. There is an upsurge in technological advancements in terms of autonomous cars in North America. At the same time, there have been efforts to introduce and educate the masses about the opportunities with regards to image recognition, through the means of workshops and events. The rise in the merging of artificial intelligence with image recognition and augmented reality is expected to drive market growth in the regions of Canada and the United States.

The United States houses major AI-based image recognition companies, resulting in its increased adoption across the region. As a result, many companies are making their move towards the regional market intending to develop an assemblage of AI capabilities. The availability of local talent and resources, and the increased pace with regards to the prevalence of technology, are expected to boost the market growth in Canada. There has been a growing demand for facial recognition in the medical sector for treating patients with dementia, which is benefitting the Canadian market.

The technological advancements and its rapid adoption in various sectors have resulted in many companies making their way into the Image Recognition market. Google LLC. is a leading provider of advertising services, and deals in the business areas, such as, search, enterprise and hardware products, and platforms and operating systems. It is a subsidiary of Alphabet Inc., and is headquartered in Mountain View, California, the United States.

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • RISING DEMAND FOR FACIAL RECOGNITION AMONG END USERS
      • HIGH ADOPTION OF AUGMENTED REALITY
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWING DEMAND OF IMAGE RECOGNITION IN END-USER VERTICALS
      • TECHNOLOGICAL ADVANCEMENTS IN FACIAL RECOGNITION
      • SUPPORTIVE REGULATIONS AIDS TO MARKET GROWTH
    • MARKET RESTRAINTS
      • LACK OF TECHNICAL PROFICIENCY
      • HIGH COSTS LEVIED ON IMAGE RECOGNITION TECHNOLOGY
      • ESCALATING ISSUES IN DATA PROCESSING AND STORAGE
    • MARKET OPPORTUNITIES
      • GROWING ADOPTION OF IMAGE RECOGNITION IN BFSI SECTOR
      • RISING USAGE OF AI IN IMAGE RECOGNITION
    • MARKET CHALLENGES
      • CONCERNS OVER IMAGE QUALITY
  1. MARKET BY DEPLOYMENT
    • ON-PREMISE
    • CLOUD
  2. MARKET BY COMPONENT
    • HARDWARE
    • SOFTWARE
    • SERVICES
  3. MARKET BY TECHNOLOGY
    • OBJECT DETECTION
    • QR/BARCODE RECOGNITION
    • FACIAL RECOGNITION
    • PATTERN RECOGNITION
    • OPTICAL CHARACTER RECOGNITION
  4. MARKET BY APPLICATION
    • SCANNING & IMAGING
    • SECURITY & SURVEILLANCE
    • IMAGE SEARCH
    • AUGMENTED REALITY
    • MARKETING & ADVERTISING
  5. MARKET BY END USER
    • IT & TELECOM
    • BFSI
    • HEALTHCARE
    • RETAIL
    • GOVERNMENT
    • MEDIA & ENTERTAINMENT
    • TRANSPORTATION & LOGISTICS
    • MANUFACTURING
    • OTHERS
  6. KEY ANALYTICS
    • PORTERS FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • COST
      • COMPANY BACKGROUND & EXPERIENCE
      • EASE OF USE
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  7. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. COMPANY PROFILES
    • ATTRASOFT INC.
    • CATCHOOM TECHNOLOGIES S.L.
    • GOOGLE LLC.
    • HITACHI LTD.
    • HONEYWELL INTERNATIONAL INC.
    • LTU TECHNOLOGIES
    • NEC CORPORATION
    • QUALCOMM TECHNOLOGIES, INC.
    • AMAZON WEB SERVICES INC.
    • INTERNATIONAL BUSINESS MACHINE CORPORATION (IBM)
    • SLYCE INC.
    • IMAGGA TECHNOLOGIES LTD.
    • INTEL CORPORATION

TABLE LIST

TABLE 1: NORTH AMERICA IMAGE RECOGNITION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: NORTH AMERICA IMAGE RECOGNITION MARKET, BY DEPLOYMENT, 2019-2027 (IN $ MILLION)

TABLE 3: NORTH AMERICA IMAGE RECOGNITION MARKET, BY COMPONENT, 2019-2027 (IN $ MILLION)

TABLE 4: NORTH AMERICA IMAGE RECOGNITION MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

TABLE 5: NORTH AMERICA IMAGE RECOGNITION MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 6: NORTH AMERICA IMAGE RECOGNITION MARKET, BY END USER, 2019-2027 (IN $ MILLION)

TABLE 7: OPPORTUNITY MATRIX

TABLE 8: VENDOR LANDSCAPE

TABLE 9: NORTH AMERICA IMAGE RECOGNITION MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

FIGURE LIST 

FIGURE 1: NORTH AMERICA IMAGE RECOGNITION MARKET, BY DEPLOYMENT, 2018 & 2027 (IN %)

FIGURE 2: NORTH AMERICA IMAGE RECOGNITION MARKET, BY ON-PREMISE, 2019-2027 (IN $ MILLION)

FIGURE 3: NORTH AMERICA IMAGE RECOGNITION MARKET, BY CLOUD, 2019-2027 (IN $ MILLION)

FIGURE 4: NORTH AMERICA IMAGE RECOGNITION MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

FIGURE 5: NORTH AMERICA IMAGE RECOGNITION MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)

FIGURE 6: NORTH AMERICA IMAGE RECOGNITION MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)

FIGURE 7: NORTH AMERICA IMAGE RECOGNITION MARKET, BY OBJECT DETECTION, 2019-2027 (IN $ MILLION)

FIGURE 8: NORTH AMERICA IMAGE RECOGNITION MARKET, BY QR/BARCODE RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 9: NORTH AMERICA IMAGE RECOGNITION MARKET, BY FACIAL RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 10: NORTH AMERICA IMAGE RECOGNITION MARKET, BY PATTERN RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 11: NORTH AMERICA IMAGE RECOGNITION MARKET, BY OPTICAL CHARACTER RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 12: NORTH AMERICA IMAGE RECOGNITION MARKET, BY SCANNING & IMAGING, 2019-2027 (IN $ MILLION)

FIGURE 13: NORTH AMERICA IMAGE RECOGNITION MARKET, BY SECURITY & SURVEILLANCE, 2019-2027 (IN $ MILLION)

FIGURE 14: NORTH AMERICA IMAGE RECOGNITION MARKET, BY IMAGE SEARCH, 2019-2027 (IN $ MILLION)

FIGURE 15: NORTH AMERICA IMAGE RECOGNITION MARKET, BY AUGMENTED REALITY, 2019-2027 (IN $ MILLION)

FIGURE 16: NORTH AMERICA IMAGE RECOGNITION MARKET, BY MARKETING & ADVERTISING, 2019-2027 (IN $ MILLION)

FIGURE 17: NORTH AMERICA IMAGE RECOGNITION MARKET, BY IT & TELECOM, 2019-2027 (IN $ MILLION)

FIGURE 18: NORTH AMERICA IMAGE RECOGNITION MARKET, BY BFSI, 2019-2027 (IN $ MILLION)

FIGURE 19: NORTH AMERICA IMAGE RECOGNITION MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 20: NORTH AMERICA IMAGE RECOGNITION MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)

FIGURE 21: NORTH AMERICA IMAGE RECOGNITION MARKET, BY GOVERNMENT, 2019-2027 (IN $ MILLION)

FIGURE 22: NORTH AMERICA IMAGE RECOGNITION MARKET, BY MEDIA & ENTERTAINMENT, 2019-2027 (IN $ MILLION)

FIGURE 23: NORTH AMERICA IMAGE RECOGNITION MARKET, BY TRANSPORTATION & LOGISTICS, 2019-2027 (IN $ MILLION)

FIGURE 24: NORTH AMERICA IMAGE RECOGNITION MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

FIGURE 25: NORTH AMERICA IMAGE RECOGNITION MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 26: PORTER’S FIVE FORCE ANALYSIS

FIGURE 27: KEY BUYING IMPACT ANALYSIS

FIGURE 28: NORTH AMERICA IMAGE RECOGNITION MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 29: UNITED STATES IMAGE RECOGNITION MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: CANADA IMAGE RECOGNITION MARKET, 2019-2027 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. MARKET BY DEPLOYMENT
    • ON-PREMISE
    • CLOUD
  2. MARKET BY COMPONENT
    • HARDWARE
    • SOFTWARE
    • SERVICES
  3. MARKET BY TECHNOLOGY
    • OBJECT DETECTION
    • QR/BARCODE RECOGNITION
    • FACIAL RECOGNITION
    • PATTERN RECOGNITION
    • OPTICAL CHARACTER RECOGNITION
  4. MARKET BY APPLICATION
    • SCANNING & IMAGING
    • SECURITY & SURVEILLANCE
    • IMAGE SEARCH
    • AUGMENTED REALITY
    • MARKETING & ADVERTISING
  5. MARKET BY END USER
    • IT & TELECOM
    • BFSI
    • HEALTHCARE
    • RETAIL
    • GOVERNMENT
    • MEDIA & ENTERTAINMENT
    • TRANSPORTATION & LOGISTICS
    • MANUFACTURING
    • OTHERS

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