Image Processing Market Trends, Share, Forecast, Overview and Analysis by 2028

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Rising adoption of Machine Learning and Artificial Intelligence in various applications and solutions are some key factors is driving growth of the image recognition market.

The global image processing market size is expected to reach USD 80.29 Billion at a steady CAGR of 15.3% in 2028, according to latest analysis by Emergen Research. Increasing usage of smartphones globally and rising adoption of Virtual Reality (VR) and Augmented Reality (AR) are key factors driving growth of the global image processing market. The report provides detailed insights into image processing market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in image processing market size over the forecast period, 2020–2028. The Image recognition report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Other factors include growing demand for face recognition in tablets, smartphones, and personal computers due to technological advancements. 

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Increasing budgets for homeland security and defense spending by government in countries such as China, Russia, and India is also contributing to growth of the market to a significant extent. In February 2020, Department of Homeland Security officials detailed the use of facial recognition technologies by the administration across the U.S. To date, over 43.7 million individuals have been scanned at border crossings, outbound ships, and elsewhere by various systems.  Varying market trends can be attributed to inclining revenue growth of the global image processing market going ahead. image processing market trends include rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition. Other positive image processing market trends include rising demand and deployment in respective sectors/industries in major and developing countries. In addition, implementation of favorable government policies, advancements in technology, and steady economic growth across various regions and countries are factors expected to continue to result in further image processing market trend evolution and changes going ahead.

 

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Emergen Research has segmented the global image processing market on the basis of component, application, deployment mode, technique, industry vertical, and region:

  • Component Outlook (Revenue, USD Billion; 2018–2028)
    • Hardware
    • Software
    • Services
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • Security and Surveillance
    • Scanning and Imaging
    • Augmented Reality
    • Image Search
    • Marketing and Advertising
  • Deployment Mode Outlook (Revenue, USD Billion; 2018–2028)
    • On-premises
    • Cloud
  • Technique Outlook (Revenue, USD Billion; 2018–2028)
    • Object Recognition
    • QR/ Barcode Recognition
    • Pattern Recognition
    • Facial Recognition
    • Optical Character Recognition
  • Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
    • Media Entertainment
    • Healthcare
    • Retail E-commerce
    • BFSI
    • IT Telecom
    • Automobile Transportation
    • Government
    • Others
  • Regional Outlook (Revenue, USD Billion; 2018–2028)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Spain
      5. Benelux
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East Africa
      1. Saudi Arabia
      2. UAE
      3. Rest Of MEA

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

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The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Image recognition industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the image processing market across different regions?
  • Who are the major driving forces expected to decide the fate of the Image recognition industry worldwide?
  • Who are the prominent market players making a mark in the image processing market with their winning strategies?
  • Which Image recognition industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the image processing market?

Table of Content

Chapter 1. Methodology Sources

    1.1. image processing market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. image processing market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. image processing market Segmentation Impact Analysis

    4.1. image processing market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. image processing market indicators analysis

          4.2.2. image processing market drivers analysis

                    4.2.2.1. Rapid urbanization and industrialization

                    4.2.2.2. Stringent government regulations regarding carbon emissions

                    4.2.2.3. Increasing prevalence of respiratory diseases

                    4.2.2.4. Rising need to enhance indoor air quality

          4.2.3. image processing market restraints analysis

                    4.2.3.1. High cost associated with the maintenance of Image recognition products

                    4.2.3.2. Availability of renewable sources of energy

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

    10.1. image processing market Revenue Share By Manufacturers

    10.2. Mergers Acquisitions

    10.3. Competitor’s Positioning

    10.4. Strategy Benchmarking

    10.5. Vendor Landscape

          10.5.1. Raw Material Suppliers

                    10.5.1.1. North America

                    10.5.1.2. Europe

                    10.5.1.3. Asia Pacific

                    10.5.1.4. Middle East Africa

                    10.5.1.5. Latin America

          10.5.2. Distributors

                    10.5.2.1. North America

                    10.5.2.2. Europe

                    10.5.2.3. Asia Pacific

                    10.5.2.4. Middle East Africa

                    10.5.2.5. Latin America

          10.5.3. Others

Continued….

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Region wise performance of the Image recognition industry

North America image processing market trend scenario has significant impact on other regional market trends. North America image processing market accounted for largest revenue share in 2020 and is expected to continue to maintain its dominance over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall image processing market trends.

Asia Pacific image processing market is expected to register comparatively faster revenue growth than other regional markets over the forecast period. This can be attributed to varying image processing market trend scenarios in countries such as China, India, South Korea, and others. These scenarios with regard to domestic market trends and international market trends and varying impacts play a major role in growth of the Asia Pacific market.

Asia Pacific market share contribution to the global image processing market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Increasing population, favorable government policies and initiatives, rising disposable income among consumers in countries in the region, influence of image processing market trends in other countries and regions, and steady economic growth are some key factors driving market revenue growth of the Asia Pacific image processing market.

Europe image processing market size and revenue growth is primarily supported by image processing market trends such as continuous developments in major countries in the region, robust focus on research and development initiatives by major firms, and changing market trends in countries in other major regions.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

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