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North America Image Recognition Market Size, Share & Trends Analysis Report By Deployment Mode (Cloud, and On-Premise), By Vertical, By Component, By Professional Services Type, By Application, By Technology, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Jun 21, 2024
Length 154 Pages
SKU # KBV18925073

Description

North America Image Recognition Market Size, Share & Trends Analysis Report By Deployment Mode (Cloud, and On-Premise), By Vertical, By Component, By Professional Services Type, By Application, By Technology, By Country and Growth Forecast, 2024 - 2031


The North America Image Recognition Market would witness market growth of 15.6% CAGR during the forecast period (2024-2031).

The US market dominated the North America Image Recognition Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $42,176.3 million by 2031. The Canada market is experiencing a CAGR of 18.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.1% during (2024 - 2031).

The market is experiencing a dynamic evolution driven by technological advances and the growing integration of artificial intelligence (AI) in various sectors. As a foundational technology, this recognition involves identifying and analyzing objects, people, writings, and even scenes within images. This capability is not just enhancing existing applications but is also paving the way for new ones, from security enhancements to innovations in healthcare.

At its core, this technology uses algorithms to process visual information similarly to the way humans do, but at a scale and speed that humans cannot match. This process involves several stages, including the detection of an object in a digital image, the processing of these data points into a format suitable for analysis, and finally, the classification or identification of the object. The sophistication of these technologies has reached a point where they are not only used in controlled environments like laboratories but are increasingly deployed in unpredictable, real-world settings.

The market in Mexico is seeing a major expansion, which is being propelled by the application of cutting-edge solutions in a variety of industries, including the automotive industry, healthcare, retail, and security. The rise of e-commerce and mobile internet usage has also fueled the demand for these technologies to enhance customer experiences and operational efficiencies. According to the International Trade Administration, there were 63 million Mexican eCommerce users in 2022, an increase of 5.5 million over 2021. Hence, integrating these technologies into everyday business processes and consumer services is set to increase, providing substantial opportunities for market players. Consequently, all these factors will aid in the expansion of the market.

Based on Deployment Mode, the market is segmented into Cloud, and On-Premise. Based on Vertical, the market is segmented into BFSI, Media & Entertainment, Retail & Consumer Goods, Telecom & IT, Government, Healthcare, Transportation & Logistics, and Others. Based on Component, the market is segmented into Hardware, Software, and Services (Professional Services, and Managed Services). Based on Professional Services Type, the market is segmented into Implementation, Consulting & Training, and Support & Maintenance. Based on Application, the market is segmented into Scanning & Imaging, Security & Surveillance, Image Search, Marketing & Advertising, and Others. Based on Technology, the market is segmented into Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Pattern Recognition, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Hitachi, Ltd.
  • Microsoft Corporation
  • NEC Corporation
  • Thales Group S.A.
  • 3M Company
  • Cognitec Systems GmbH (Salto Systems, S.L.)
  • IBM Corporation
  • Onfido Limited (Entrust Corporation)
  • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
  • Google LLC (Alphabet Inc.)
North America Image Recognition Market Report Segmentation

By Deployment Mode
  • Cloud
  • On-Premise
By Vertical
  • BFSI
  • Media & Entertainment
  • Retail & Consumer Goods
  • Telecom & IT
  • Government
  • Healthcare
  • Transportation & Logistics
  • Others
By Component
  • Hardware
  • Software
  • Services
  • Professional Services
Implementation

Consulting & Training

Support & Maintenance
  • Managed Services
By Application
  • Scanning & Imaging
  • Security & Surveillance
  • Image Search
  • Marketing & Advertising
  • Others
By Technology
  • Code Recognition
  • Digital Image Processing
  • Facial Recognition
  • Object Recognition
  • Pattern Recognition
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

154 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Image Recognition Market, by Deployment Mode
1.4.2 North America Image Recognition Market, by Vertical
1.4.3 North America Image Recognition Market, by Component
1.4.4 North America Image Recognition Market, by Application
1.4.5 North America Image Recognition Market, by Technology
1.4.6 North America Image Recognition Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis
Chapter 5. North America Image Recognition Market by Deployment Mode
5.1 North America Cloud Market by Region
5.2 North America On-Premise Market by Region
Chapter 6. North America Image Recognition Market by Vertical
6.1 North America BFSI Market by Country
6.2 North America Media & Entertainment Market by Country
6.3 North America Retail & Consumer Goods Market by Country
6.4 North America Telecom & IT Market by Country
6.5 North America Government Market by Country
6.6 North America Healthcare Market by Country
6.7 North America Transportation & Logistics Market by Country
6.8 North America Others Market by Country
Chapter 7. North America Image Recognition Market by Component
7.1 North America Hardware Market by Country
7.2 North America Software Market by Country
7.3 North America Services Market by Country
7.4 North America Image Recognition Market by Services Type
7.4.1 North America Professional Services Market by Country
7.4.2 North America Image Recognition Market by Professional Services Type
7.4.2.1 North America Implementation Market by Country
7.4.2.2 North America Consulting & Training Market by Country
7.4.2.3 North America Support & Maintenance Market by Country
7.4.3 North America Managed Services Market by Country
Chapter 8. North America Image Recognition Market by Application
8.1 North America Scanning & Imaging Market by Country
8.2 North America Security & Surveillance Market by Country
8.3 North America Image Search Market by Country
8.4 North America Marketing & Advertising Market by Country
8.5 North America Others Market by Country
Chapter 9. North America Image Recognition Market by Technology
9.1 North America Code Recognition Market by Country
9.2 North America Digital Image Processing Market by Country
9.3 North America Facial Recognition Market by Country
9.4 North America Object Recognition Market by Country
9.5 North America Pattern Recognition Market by Country
9.6 North America Others Market by Country
Chapter 10. North America Image Recognition Market by Country
10.1 US Image Recognition Market
10.1.1 US Image Recognition Market by Deployment Mode
10.1.2 US Image Recognition Market by Vertical
10.1.3 US Image Recognition Market by Component
10.1.3.1 US Image Recognition Market by Services Type
10.1.3.1.1 US Image Recognition Market by Professional Services Type
10.1.4 US Image Recognition Market by Application
10.1.5 US Image Recognition Market by Technology
10.2 Canada Image Recognition Market
10.2.1 Canada Image Recognition Market by Deployment Mode
10.2.2 Canada Image Recognition Market by Vertical
10.2.3 Canada Image Recognition Market by Component
10.2.3.1 Canada Image Recognition Market by Services Type
10.2.3.1.1 Canada Image Recognition Market by Professional Services Type
10.2.4 Canada Image Recognition Market by Application
10.2.5 Canada Image Recognition Market by Technology
10.3 Mexico Image Recognition Market
10.3.1 Mexico Image Recognition Market by Deployment Mode
10.3.2 Mexico Image Recognition Market by Vertical
10.3.3 Mexico Image Recognition Market by Component
10.3.3.1 Mexico Image Recognition Market by Services Type
10.3.3.1.1 Mexico Image Recognition Market by Professional Services Type
10.3.4 Mexico Image Recognition Market by Application
10.3.5 Mexico Image Recognition Market by Technology
10.4 Rest of North America Image Recognition Market
10.4.1 Rest of North America Image Recognition Market by Deployment Mode
10.4.2 Rest of North America Image Recognition Market by Vertical
10.4.3 Rest of North America Image Recognition Market by Component
10.4.3.1 Rest of North America Image Recognition Market by Services Type
10.4.3.1.1 Rest of North America Image Recognition Market by Professional Services Type
10.4.4 Rest of North America Image Recognition Market by Application
10.4.5 Rest of North America Image Recognition Market by Technology
Chapter 11. Company Profiles
11.1 Hitachi, Ltd.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 Microsoft Corporation
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Product Launches and Product Expansions:
11.2.6 SWOT Analysis
11.3 NEC Corporation
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expenses
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.6 SWOT Analysis
11.4 Thales Group S.A.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Product Launches and Product Expansions:
11.4.6 SWOT Analysis
11.5 3M Company
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 SWOT Analysis
11.6 Cognitec Systems GmbH (Salto Systems, S.L.)
11.6.1 Company Overview
11.6.2 Recent strategies and developments:
11.6.2.1 Product Launches and Product Expansions:
11.6.3 SWOT Analysis
11.7 Oracle Corporation
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 SWOT Analysis
11.8 Onfido Limited (Entrust Corporation)
11.8.1 Company Overview
11.8.2 Recent strategies and developments:
11.8.2.1 Partnerships, Collaborations, and Agreements:
11.8.3 SWOT Analysis
11.9 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expense
11.9.5 SWOT Analysis
11.10. Google LLC (Alphabet Inc.)
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expense
11.10.5 SWOT Analysis

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