Artificial Intelligence (AI) in Image Recognition Market is expected to grow at a significant rate during the forecast period 2019-2025. Image processing software analyzes digital images in order to enhance image quality and extract valuable data from it. Image processing software uses automated methods to recognize the person on the basis of characteristics such as face recognition, fingerprints, hand geometry, signature verification, iris, retinal, finger/hand/palm recognition and ear recognition. Image processing software can be applied across various fields such as vehicular safety, advertising, security, and surveillance. The computer can utilize machine vision technology in integration with a camera and AI programming to accomplish image recognition.
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The major players providing AI in image processing solutions include IBM Corp., Google LLC, Amazon web services, Inc., Intel Corp., and MICRON Technology, Inc. among others. The platform helps in improving the operational efficiency of its users by performing a large number of machine-based visual tasks such as labeling the content of an image with meta-tags, performing image content search and among others. The major factors that are augmenting the growth of the market include the growing adoption of AI and increasing the use of big data analytics. These factors encourage the key players to develop innovative solutions which are expected to contribute to the market growth. Although, the lack of technical expertise is the major restraining factor for this market.
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Market Segmentation
Global AI in Image Recognition Market by End-User
- Automotive
- Banking, financial services and insurance (BFSI)
- Healthcare
- Security
- Retail
Global AI in Image Recognition Market by Product Type
- Hardware
- Software
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- Aether, Inc.
- Amazon Web Services, Inc.
- Clarifai, Inc.
- Cortexica Vision Systems, Ltd.
- Cortica
- Google, LLC
- IBM Corp.
- Intel, Inc.
- Pixel, Inc
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