UK Image Recognition Market Size & Outlook, 2020-2027
UK image recognition market, 2016-2027 (US$M)
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UK image recognition market highlights
- The UK image recognition market generated a revenue of USD 2,066.6 million in 2020 and is expected to reach USD 6,243.4 million by 2027.
- The UK market is expected to grow at a CAGR of 17.1% from 2021 to 2027.
- In terms of segment, facial 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.
Image recognition market data book summary
| Market revenue in 2020 | USD 2,066.6 million |
| Market revenue in 2027 | USD 6,243.4 million |
| Growth rate | 17.1% (CAGR from 2020 to 2027) |
| Largest segment | Facial recognition |
| Fastest growing segment | Facial Recognition |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, UK accounted for 6.3% of the global image recognition market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Europe, Germany image recognition market is projected to lead the regional market in terms of revenue in 2027.
- UK is the fastest growing regional market in Europe and is projected to reach USD 6,243.4 million by 2027.
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Image Recognition Market Scope
Image Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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.
Facial recognition was the largest segment with a revenue share of 24.44% in 2020. Horizon Databook has segmented the UK 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.
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Our clientele includes a mix of image recognition market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK image recognition market, including forecasts for subscribers. This country databook contains high-level insights into UK image recognition market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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UK image recognition market size, by techniques, 2016-2027 (US$M)
UK Image Recognition Market Share, 2020 & 2027 (US$M)
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