The global image recognition market was valued at USD 45.02 billion in 2022 and is projected to grow at a CAGR of 13.4% from 2023 to 2030. Powered by machine learning, image recognition technology is widely used across various industries, including self-driving cars, automated image sorting on visual platforms, and facial recognition on social media. A key application is in social media monitoring, where visual listening and analytics play a crucial role in digital marketing. The technology is also heavily utilized in safety and security, such as law enforcement’s use of facial recognition. Airports are increasingly adopting facial recognition at security checkpoints, with the Transportation Security Administration (TSA) testing this technology at McCarran International Airport (LAS) in August 2019 for automated identity verification through the Travel Document Checker (TDC).
