How big is the AI Image Recognition Market?

The AI Image Recognition Market size is expected to reach USD 2.55 billion in 2024 and grow at a CAGR of 11.76% to reach USD 4.44 billion by 2029. Read More

What is the current AI Image Recognition Market size?

In 2024, the AI Image Recognition Market size is expected to reach USD 2.55 billion. Read More

Who are the key players in AI Image Recognition Market?

Amazon Web Services Inc. (amazon.com Inc.), Clarifai Inc., IBM Corporation, Intel Corporation and Google LLC (Alphabet Inc.) are the major companies operating in the AI Image Recognition Market. Read More

Which is the fastest growing region in AI Image Recognition Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in AI Image Recognition Market?

In 2024, the North America accounts for the largest market share in AI Image Recognition Market. Read More

What years does this AI Image Recognition Market cover, and what was the market size in 2023?

In 2023, the AI Image Recognition Market size was estimated at USD 2.25 billion. The report covers the AI Image Recognition Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the AI Image Recognition Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

AI Image Recognition Market - Size, Share & Forecast

AI Image Recognition Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

AI Image Recognition, A Key Aspect of Image Analysis, is Increasingly Being Used Across Various Sectors, Including Healthcare and Defense, To Enhance Operations and Automate Processes. This Technology, Which Incorporates Visual Computing and Image Understanding, is Being Driven by the Rise of Big Data and Advancements Like IoT and 5G. Despite A Shortage of AI Experts, Object Detection is Being Employed in Tasks Such As Guiding Autonomous Robots and Labeling Image Content. The AI Image Recognition Market, Part of the Broader Machine Vision Sector, is Segmented by Type, End-User Vertical, and Geography.

Artificial Intelligence Image Recognition Industry Overview

The intense competitive rivalry in the market studied is high and expected to sustain itself over the forecast period. The key players in this market are innovating their products regularly, leading them to gain a sustainable competitive advantage. Due to this, there is always high competition between players to innovate and introduce new products. The intense competition will decrease prices and decrease the industry's overall profitability.

In August 2022, Clarifai, the leading AI platform for unstructured image, video, text, and audio data, launched a new free service, Clarifai Community, built on Clarifai's platform. Data scientists and developers use it. It is easy for no-code business users to create models and workflows and share them with others globally, advancing the reality that all can use and benefit from AI.

In September 2022, the International Society of Ultrasound in Obstetrics and Gynecology (ISUOG) World Congress 2022 was to take place in London, United Kingdom, from September 16 to September 18. Samsung Medison, a leading medical equipment manufacturer and a subsidiary of Samsung Electronics, will attend the function to demonstrate its high-end HERA W10 obstetric and gynecological ultrasound equipment. The HERA W10 system has Intelligent Assist (AI diagnostic solutions), V8, and V7. These two top-of-the-line ultrasound systems can be employed with premium AI diagnostic solutions in various medical specialties.