The global image recognition market size reached USD 47.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 161.4 Billion by 2033, exhibiting a growth rate (CAGR) of 13.92% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 47.1 Billion |
Market Forecast in 2033
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USD 161.4 Billion |
Market Growth Rate 2025-2033 | 13.92% |
Image recognition refers to a technological solution used for identifying objects, people, places and actions in images. It utilizes machine vision technologies with predefined algorithms and artificial intelligence (AI) to interpret a matrix of numerical values in a digital image. The algorithm maps out a pattern or relationship in subsequent images to improve the accuracy of the results. Some of the commonly used algorithms include Principal Component Analysis (PCA), Scale-invariant Feature Transform (SIFT) and Speeded Up Robust Features (SURF). These technologies are also used for performing machine-based visual tasks, such as labeling contents of images with meta-tags, performing image content search and guiding self-driving cars, autonomous robots and accident avoidance systems.
Rapid digitization across industries, along with the widespread adoption of AI-based systems, are among the key factors driving the growth of the market. Furthermore, the increasing utilization of image recognition technologies for digital marketing applications is providing a thrust to the market growth. E-commerce service providers integrate their application’s programming interface with the image recognition tools to assist with the monitoring of return on investment (RoI) and enhancing brand productivity. Additionally, various technological advancements, such as the improvements in AI, big data and machine learning (ML) systems, are acting as other growth-inducing factors. This enables law enforcement agencies to run visual analytics for biometric scanning machines, pedestrian recognition and vehicle tracking. Other factors, including significant improvements in the information technology (IT) infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global image recognition market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on component, technology, application, deployment type and end use industry.
Breakup by Component:
Breakup by Technology:
Breakup by Application:
Breakup by Deployment Type:
Breakup by End Use Industry:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Attrasoft Inc., Google LLC (Alphabet Inc.), Hitachi Ltd., Honeywell International Inc., International Business Machines Corporation, Microsoft Corporation, NEC Corporation, Qualcomm Technologies Inc. (Qualcomm Incorporated), Slyce Inc. and Wikitude GmbH.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Component, Technology, Application, Deployment Type, End Use Industry, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Amazon Web Services Inc. (Amazon.com Inc.), Attrasoft Inc., Google LLC (Alphabet Inc.), Hitachi Ltd., Honeywell International Inc., International Business Machines Corporation, Microsoft Corporation, NEC Corporation, Qualcomm Technologies Inc. (Qualcomm Incorporated), Slyce Inc., Wikitude GmbH |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global image recognition market was valued at USD 47.1 Billion in 2024.
We expect the global image recognition market to exhibit a CAGR of 13.92% during 2025-2033.
The rising deployment of advanced image recognition systems for face identification on social media networks is primarily driving the global image recognition market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of image recognition technology for tasks, such as thermal screening, mask detection, crowd monitoring, and inventory management to prevent the spread of the coronavirus infection upon human intervention.
Based on the component, the global image recognition market can be segmented into hardware, software, and services. Currently, hardware holds the majority of the total market share.
Based on the technology, the global image recognition market has been divided into object detection, QR/barcode recognition, facial recognition, pattern recognition, optical character recognition, and others. Among these, object detection currently exhibits a clear dominance in the market.
Based on the application, the global image recognition market can be categorized into scanning and imaging, security and surveillance, image searching, augmented reality, marketing and advertising, and others. Currently, marketing and advertising accounts for the majority of the global market share.
Based on the deployment type, the global image recognition market has been segregated into on-premises and cloud-based, where cloud-based currently holds the largest market share.
Based on the end use industry, the global image recognition market can be bifurcated into BFSI, media and entertainment, IT and telecom, government, healthcare, transportation and logistics, and others. Currently, media and entertainment exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global image recognition market include Amazon Web Services Inc. (Amazon.com Inc.), Attrasoft Inc., Google LLC (Alphabet Inc.), Hitachi Ltd., Honeywell International Inc., International Business Machines Corporation, Microsoft Corporation, NEC Corporation, Qualcomm Technologies Inc. (Qualcomm Incorporated), Slyce Inc., and Wikitude GmbH.