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Market Research Report

North American AI in Image Recognition Market 2019-2025

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North American AI in Image Recognition Market 2019-2025
Published: January 14, 2020 Content info:
Description

Title:
North American AI in Image Recognition Market Size, Share & Trends Analysis Report by Product Type (Hardware and Software), by End-User (Automotive, BFSI, Healthcare, Security, and Retail), and Forecast 2019-2025.

The North American AI in image recognition market is estimated to grow significantly at a CAGR of 28.9% during the forecast period. The North American market for AI in Image Recognition includes the analysis of two major countries; the US and Canada. The factors that are contributing significantly to the market growth include R&D and high expenditure by the government as well as private organizations in AI technology. The region has well-developed ICT infrastructure and has witnessed huge adoption of a large number of connected devices. The presence of major AI players in North America which include Microsoft, IBM, and Google further gives a boost to the growth of the market in the region. Moreover, high internet penetration is one of the major factors that is augmenting market growth in North America.

Canada is emerging as one of the key players in AI technology with the presence of some inventors of AI technology, and Waterloo is one of the major AI development hubs in Canada. There are more than 90 companies in Waterloo's AI cluster and the number is rapidly growing. Waterloo focuses on working with industry and with academic partners for developing and deploying AI in the clinical space, or for climate analysis, Image Recognition, automotive, aerospace, or other sectors.

The market is segmented on the basis of product type and end-user. Based on the product type, the market is bifurcated into hardware and software. The market for software is growing owing to the increasing demand for highly accurate facial analysis on video and images. Based on end-user, the market is segmented into automotive, BFSI, healthcare, security, and retail. Growing adoption of image recognition software for security as well as customer identification is the most common factor contributing to the growth of the BFSI segment.

There are various prominent players that are significantly contributing to the AI in image recognition market that include Amazon Web Services Inc., Google Inc., IBM Corp., Microsoft Corp., Cortica, and others. These players adopt various strategies for gaining their position in a highly competitive market. For instance, in November 2018, IBM Corp. and IIT (Indian Institute of Technology) Delhi declared that the university will join the AI Horizons Network as part of a multi-year research collaboration on AI. The objective of this partnership is to discover new AI techniques that can support organizations to make informed decisions with their AI systems.

Research Methodology

The market study of the North American AI in Image Recognition market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

  • Financial reports of companies involved in the market.
  • Authentic public databases
  • Whitepapers, research-papers, and news blogs.
  • Company websites and their product catalog.

The report is intended for IT companies, automobile companies, BFSI companies, private companies, healthcare companies, research institutes, hospitals, and government organizations for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation

  • No. # 1. North American AI in Image Recognition Market Research and Analysis by Product Type
  • No. # 2. North American AI in Image Recognition Market Research and Analysis by End-User

The Report Covers:

  • Comprehensive research methodology of the North American AI in image recognition market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the North American AI in image recognition market.
  • Insights about market determinants which are stimulating the North American AI in image recognition market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Table of Contents
Product Code: OMR2020174

Table of Contents

1. Report Summary

  • 1.1. Research Methods and Tools
  • 1.2. Market Breakdown
    • 1.2.1. By Segments
    • 1.2.2. By Geography

2. Market Overview and Insights

  • 2.1. Scope of the Report
  • 2.2. Analyst Insight & Current Market Trends
    • 2.2.1. Key Findings
    • 2.2.2. Recommendations
    • 2.2.3. Conclusion
  • 2.3. Rules & Regulations

3. Competitive Landscape

  • 3.1. Company Share Analysis
  • 3.2. Key Strategy Analysis
  • 3.3. Key Company Analysis
    • 3.3.1. Overview
    • 3.3.2. Financial Analysis
    • 3.3.3. SWOT Analysis
    • 3.3.4. Recent Developments

4. Market Determinants

  • 4.1. Motivators
  • 4.2. Restraints
  • 4.3. Opportunities

5. Market Segmentation

  • 5.1. North American AI in Image Recognition Market by Product Type
    • 5.1.1. Hardware
    • 5.1.2. Software
  • 5.2. North American AI in Image Recognition Market by End-User
    • 5.2.1. Automotive
    • 5.2.2. Banking, financial services and insurance (BFSI)
    • 5.2.3. Healthcare
    • 5.2.4. Security
    • 5.2.5. Retail

6. Regional Analysis

  • 6.1. United States
  • 6.2. Canada

7. Company Profiles

  • 7.1. Aether, Inc.
  • 7.2. Amazon Web Services, Inc.
  • 7.3. Clarifai, Inc.
  • 7.4. Google, LLC
  • 7.5. IBM Corp.
  • 7.6. MICRON Technology, Inc.
  • 7.7. Microsoft Corp.
  • 7.8. NVIDIA Corp.
  • 7.9. Vee Technologies, Inc.
  • 7.10. Xilinx, Inc.

LIST OF TABLES

  • No. # 1. NORTH AMERICAN AI IN IMAGE RECOGNITION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
  • No. # 2. NORTH AMERICAN AI IN IMAGE RECOGNITION MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
  • No. # 3. NORTH AMERICAN AI IN IMAGE RECOGNITION MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)

LIST OF FIGURES

  • No. # 1. NORTH AMERICAN AI IN IMAGE RECOGNITION MARKET SHARE BY PRODUCT TYPE, 2018 VS 2025 (%)
  • No. # 2. NORTH AMERICAN AI IN IMAGE RECOGNITION MARKET SHARE BY END-USER, 2018 VS 2025 (%)
  • No. # 3. NORTH AMERICAN AI IN IMAGE RECOGNITION MARKET SHARE BY COUNTRY, 2018 VS 2025 (%)
  • No. # 4. US AI IN IMAGE RECOGNITION MARKET SIZE, 2018-2025 ($ MILLION)
  • No. # 5. CANADA AI IN IMAGE RECOGNITION MARKET SIZE, 2018-2025 ($ MILLION)
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