Asia Pacific Image Recognition Market Size & Outlook
Asia Pacific image recognition market, 2016-2027 (US$M)
Related Markets
Asia Pacific image recognition market highlights
- The Asia Pacific image recognition market generated a revenue of USD 8,595.9 million in 2020.
- The market is expected to grow at a CAGR of 22.7% from 2021 to 2027.
- In terms of segment, object recognition was the largest revenue generating techniques in 2020.
- Facial Recognition is the most lucrative techniques segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2027.
Asia Pacific data book summary
| Market revenue in 2020 | USD 8,595.9 million |
| Market revenue in 2027 | USD 35,940.6 million |
| Growth rate | 22.7% (CAGR from 2020 to 2027) |
| Largest segment | Object recognition |
| Fastest growing segment | Facial Recognition |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | QR/Barcode Recognition, Object Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition |
| Key market players worldwide | Blinkfire Analytics, CloudSight Inc., Alphabet Inc Class A, Attrasoft, Hitachi Ltd, Honeywell International Inc, NEC Corp, Qualcomm Inc, Syte, Wikitude |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.3% of the global image recognition market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,940.6 million by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Image Recognition Market Scope
Image Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific image recognition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to image recognition market will help companies and investors design strategic landscapes.
Object recognition was the largest segment with a revenue share of 21.65% in 2020. Horizon Databook has segmented the Asia Pacific image recognition market based on qr/barcode recognition, object recognition, facial recognition, pattern recognition, optical character recognition covering the revenue growth of each sub-segment from 2016 to 2027.
The increasing applications of facial recognition in security and surveillance systems in China, is anticipated t o improve the market of image recognition in Asia Pacific region. Rising penetration o f object and pattern recognition i n retail and commerce sector in Asia Pacific regions is expected to enhance the market for image recognition over the forecast period.
The rising security concerns in developing nations such as China, Japan, India is expected to enhance the demand for image recognition market.
Reasons to subscribe to Asia Pacific image recognition market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific image recognition market databook
-
Our clientele includes a mix of image recognition market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific image recognition market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific image recognition market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific image recognition market size, by country, 2016-2027 (US$M)
Asia Pacific Image Recognition Market Share, 2020 & 2027 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
