Global Image Recognition Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026 - AllTheResearch

The global image recognition market was valued at USD 22,429.7 million in 2018 and is expected to reach USD xx million by 2026, growing at a CAGR of 18.4% during the forecast period. Image recognition is a method for collecting, processing, and scrutinizing images. Image recognition gathers a huge amount of data from the real world to generate symbolic or numerical information. The growth of the image recognition market is primarily driven by the increasing application of facial recognition in the financial industry and growing demand for security applications integrated with image recognition functions. Moreover, an upsurge in the usage of big data analytics across every industry vertical where image recognition plays a vital role is expected to create opportunities for the global image recognition market over the forecast period.