Image Recognition Market Size, Statistics, Global Trends, Growth Opportunities and Forecast
$1,200 – $4,500
| The global image recognition market is set to grow from USD 46.7 billion in 2024 to USD 98.6 billion by 2029, with a CAGR of 16.1%. This growth is propelled by advancements in AI, ML, and computer vision technologies. Machine learning, especially deep learning models like CNNs, has significantly enhanced image recognition systems by enabling them to improve performance through extensive dataset exposure. The integration of cloud and edge computing has further boosted scalability and accessibility, allowing widespread deployment across various applications and devices. |
