Image Recognition Market - Forecast 2020 - 2025
Overview Image Recognition Market is forecast to reach $56.5 billion by 2025, after growing at a CAGR of 13.53% during 2020-2025. The rising use of smartphones and the adoption of augmented reality (AR) and virtual reality (VR) are leading to the development of image recognition market. Moreover, the increasing need for image recognition for media, entertainment, branding, online shopping, and education and so on are also propelling the image recognition market during the forecast period. Key Takeaways The image recognition market is dominated by North America due to the increasing implementation of image recognition solutions for mobile application security and the rising use of smartphones and other mobile devices integrated with image recognition technology. The embracement of new technologies such as AI facial recognition and the adoption of augmented and virtual reality is also a significant factor that is enhancing the image recognition market. Growing need of d...