Image Recognition Market Size, Share, Growth Analysis, By Technology(Digital Image Processing, Facial Recognition, Pattern Recognition), By Component(Hardware, Software, Services), By Deployment Mode(On-premises & Cloud), By Application(Augmented Reality, Scanning & Imaging, Security & Surveillance, Marketing & Advertising), By Region - Industry Forecast 2024-2031

To acquire a competitive advantage in the market, vendors are concentrating on growing their client gain. Vendors are therefore undertaking a number of strategic efforts, such as improving their goods by including new features, working together, making acquisitions and mergers, and forming relationships with other significant market participants.

Image Recognition Market Top Player’s Company Profiles

• Google LLC
• Microsoft Corporation
• IBM Corporation
• Amazon Web Services, Inc.
• Intel Corporation
• Qualcomm Technologies, inc.
• Honeywell International Inc.
• Catchoom Technologies S.L.
• LTU Technologies (A Datalogic Company)
• Slyce Inc.
• Wikitude GmbH
• LTU engine
• Imagga Technologies Ltd.
• Blippar Ltd.
• Google Cloud Vision API
• Clarifai Inc.
• LogoGrab
• Huawei Technologies Co. Ltd.
• Attrasoft Inc.
• Tesseract OCR

Image Recognition Market Recent Development

• In June 2021, To assist businesses in navigating many parts of the return-to-workplace difficulty brought on by lockdowns implemented to halt the spread of COVID-19, IBM developed Watson Works, a curated set of products that incorporate Watson's AI models and applications.
• In April 2021, Coca-Cola collaborated with Microsoft. Through the cooperation, the company will be able to control its business operations on the Microsoft Azure cloud and give new, rich digital experiences that will yield creative solutions. With the use of these solutions, the Coca-Cola Company will be able to gain new insights from data throughout the entire organization, providing a 360-degree perspective of the company and improving the experiences of both customers and employees.
• In March 2021, To merge the technology of the two businesses, serve the demands of new food stores, and improve its position in image identification in the retail industry, Trax purchased Survey.com.