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Asia Pacific Image Recognition Market Size, Share & Trends Analysis Report By Deployment Mode (Cloud, and On-Premise), By Vertical, By Component, By Professional Services Type, By Application, By Technology, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 180 Pages
  • June 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5982443
The Asia Pacific Image Recognition Market would witness market growth of 17.2% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Image Recognition Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of$11.51 billion by 2031. The Japan market is registering a CAGR of 16.6% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 18% during (2024 - 2031).



In smart devices and IoT, this recognition plays a crucial role by enhancing capabilities such as security and surveillance. IoT technologies, especially with edge computing and artificial intelligence, allow for sophisticated monitoring systems. These systems can identify and track objects and individuals, enhancing security protocols and providing real-time alerts.

Moreover, the availability of more powerful computing resources at lower costs, such as cloud computing platforms and specialized processing hardware like GPUs, has democratized access to advanced recognition capabilities. Small startups and large enterprises alike can now deploy sophisticated recognition technologies without significant upfront investment in hardware, making these tools more accessible than ever before.

In South Korea, the increasing demand for this technology is attributed to the expansion of the retail, consumer goods, telecom, and IT sectors. According to the Ministry of Trade, Industry, and Energy (MOTIE), the retail sector experienced significant growth in 2023, driven by the adoption of smart retail technologies and enhanced consumer experiences. This recognition is implemented for customer analytics, automated merchandising, and fraud prevention.

Additionally, the Australian Bureau of Statistics reported a 0.1% month-on-month growth and 1.3% compared with April 2023 in the retail sector in April 2024, driven by the rise of e-commerce and digital transformation initiatives. Image recognition is used for inventory tracking, customer engagement, and loss prevention. Hence, all these elements will aid in the expansion of the market.

Based on Deployment Mode, the market is segmented into Cloud, and On-Premise. Based on Vertical, the market is segmented into BFSI, Media & Entertainment, Retail & Consumer Goods, Telecom & IT, Government, Healthcare, Transportation & Logistics, and Others. Based on Component, the market is segmented into Hardware, Software, and Services (Professional Services, and Managed Services). Based on Professional Services Type, the market is segmented into Implementation, Consulting & Training, and Support & Maintenance.

Based on Application, the market is segmented into Scanning & Imaging, Security & Surveillance, Image Search, Marketing & Advertising, and Others. Based on Technology, the market is segmented into Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Pattern Recognition, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Hitachi, Ltd.
  • Microsoft Corporation
  • NEC Corporation
  • Thales Group S.A.
  • 3M Company
  • Cognitec Systems GmbH (Salto Systems, S.L.)
  • IBM Corporation
  • Onfido Limited (Entrust Corporation)
  • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
  • Google LLC (Alphabet Inc.)

Market Report Segmentation

By Deployment Mode
  • Cloud
  • On-Premise
By Vertical
  • BFSI
  • Media & Entertainment
  • Retail & Consumer Goods
  • Telecom & IT
  • Government
  • Healthcare
  • Transportation & Logistics
  • Others
By Component
  • Hardware
  • Software
  • Services
  • Professional Services
  • Implementation
  • Consulting & Training
  • Support & Maintenance
  • Managed Services
By Application
  • Scanning & Imaging
  • Security & Surveillance
  • Image Search
  • Marketing & Advertising
  • Others
By Technology
  • Code Recognition
  • Digital Image Processing
  • Facial Recognition
  • Object Recognition
  • Pattern Recognition
  • Others
By Country
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Image Recognition Market, by Deployment Mode
1.4.2 Asia Pacific Image Recognition Market, by Vertical
1.4.3 Asia Pacific Image Recognition Market, by Component
1.4.4 Asia Pacific Image Recognition Market, by Application
1.4.5 Asia Pacific Image Recognition Market, by Technology
1.4.6 Asia Pacific Image Recognition Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis
Chapter 5. Asia Pacific Image Recognition Market by Deployment Mode
5.1 Asia Pacific Cloud Market by Country
5.2 Asia Pacific On-Premise Market by Country
Chapter 6. Asia Pacific Image Recognition Market by Vertical
6.1 Asia Pacific BFSI Market by Country
6.2 Asia Pacific Media & Entertainment Market by Country
6.3 Asia Pacific Retail & Consumer Goods Market by Country
6.4 Asia Pacific Telecom & IT Market by Country
6.5 Asia Pacific Government Market by Country
6.6 Asia Pacific Healthcare Market by Country
6.7 Asia Pacific Transportation & Logistics Market by Country
6.8 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Image Recognition Market by Component
7.1 Asia Pacific Hardware Market by Country
7.2 Asia Pacific Software Market by Country
7.3 Asia Pacific Services Market by Country
7.4 Asia Pacific Image Recognition Market by Services Type
7.4.1 Asia Pacific Professional Services Market by Country
7.4.2 Asia Pacific Image Recognition Market by Professional Services Type
7.4.2.1 Asia Pacific Implementation Market by Country
7.4.2.2 Asia Pacific Consulting & Training Market by Country
7.4.2.3 Asia Pacific Support & Maintenance Market by Country
7.4.3 Asia Pacific Managed Services Market by Country
Chapter 8. Asia Pacific Image Recognition Market by Application
8.1 Asia Pacific Scanning & Imaging Market by Country
8.2 Asia Pacific Security & Surveillance Market by Country
8.3 Asia Pacific Image Search Market by Country
8.4 Asia Pacific Marketing & Advertising Market by Country
8.5 Asia Pacific Others Market by Country
Chapter 9. Asia Pacific Image Recognition Market by Technology
9.1 Asia Pacific Code Recognition Market by Country
9.2 Asia Pacific Digital Image Processing Market by Country
9.3 Asia Pacific Facial Recognition Market by Country
9.4 Asia Pacific Object Recognition Market by Country
9.5 Asia Pacific Pattern Recognition Market by Country
9.6 Asia Pacific Others Market by Country
Chapter 10. Asia Pacific Image Recognition Market by Country
10.1 China Image Recognition Market
10.1.1 China Image Recognition Market by Deployment Mode
10.1.2 China Image Recognition Market by Vertical
10.1.3 China Image Recognition Market by Component
10.1.3.1 China Image Recognition Market by Services Type
10.1.3.1.1 China Image Recognition Market by Professional Services Type
10.1.4 China Image Recognition Market by Application
10.1.5 China Image Recognition Market by Technology
10.2 Japan Image Recognition Market
10.2.1 Japan Image Recognition Market by Deployment Mode
10.2.2 Japan Image Recognition Market by Vertical
10.2.3 Japan Image Recognition Market by Component
10.2.3.1 Japan Image Recognition Market by Services Type
10.2.3.1.1 Japan Image Recognition Market by Professional Services Type
10.2.4 Japan Image Recognition Market by Application
10.2.5 Japan Image Recognition Market by Technology
10.3 India Image Recognition Market
10.3.1 India Image Recognition Market by Deployment Mode
10.3.2 India Image Recognition Market by Vertical
10.3.3 India Image Recognition Market by Component
10.3.3.1 India Image Recognition Market by Services Type
10.3.3.1.1 India Image Recognition Market by Professional Services Type
10.3.4 India Image Recognition Market by Application
10.3.5 India Image Recognition Market by Technology
10.4 South Korea Image Recognition Market
10.4.1 South Korea Image Recognition Market by Deployment Mode
10.4.2 South Korea Image Recognition Market by Vertical
10.4.3 South Korea Image Recognition Market by Component
10.4.3.1 South Korea Image Recognition Market by Services Type
10.4.3.1.1 South Korea Image Recognition Market by Professional Services Type
10.4.4 South Korea Image Recognition Market by Application
10.4.5 South Korea Image Recognition Market by Technology
10.5 Singapore Image Recognition Market
10.5.1 Singapore Image Recognition Market by Deployment Mode
10.5.2 Singapore Image Recognition Market by Vertical
10.5.3 Singapore Image Recognition Market by Component
10.5.3.1 Singapore Image Recognition Market by Services Type
10.5.3.1.1 Singapore Image Recognition Market by Professional Services Type
10.5.4 Singapore Image Recognition Market by Application
10.5.5 Singapore Image Recognition Market by Technology
10.6 Malaysia Image Recognition Market
10.6.1 Malaysia Image Recognition Market by Deployment Mode
10.6.2 Malaysia Image Recognition Market by Vertical
10.6.3 Malaysia Image Recognition Market by Component
10.6.3.1 Malaysia Image Recognition Market by Services Type
10.6.3.1.1 Malaysia Image Recognition Market by Professional Services Type
10.6.4 Malaysia Image Recognition Market by Application
10.6.5 Malaysia Image Recognition Market by Technology
10.7 Rest of Asia Pacific Image Recognition Market
10.7.1 Rest of Asia Pacific Image Recognition Market by Deployment Mode
10.7.2 Rest of Asia Pacific Image Recognition Market by Vertical
10.7.3 Rest of Asia Pacific Image Recognition Market by Component
10.7.3.1 Rest of Asia Pacific Image Recognition Market by Services Type
10.7.3.1.1 Rest of Asia Pacific Image Recognition Market by Professional Services Type
10.7.4 Rest of Asia Pacific Image Recognition Market by Application
10.7.5 Rest of Asia Pacific Image Recognition Market by Technology
Chapter 11. Company Profiles
11.1 Hitachi, Ltd.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 Microsoft Corporation
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Product Launches and Product Expansions:
11.2.6 SWOT Analysis
11.3 NEC Corporation
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expenses
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.6 SWOT Analysis
11.4 Thales Group S.A.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Product Launches and Product Expansions:
11.4.6 SWOT Analysis
11.5 3M Company
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 SWOT Analysis
11.6 Cognitec Systems GmbH (Salto Systems, S.L.)
11.6.1 Company Overview
11.6.2 Recent strategies and developments:
11.6.2.1 Product Launches and Product Expansions:
11.6.3 SWOT Analysis
11.7 Oracle Corporation
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 SWOT Analysis
11.8 Onfido Limited (Entrust Corporation)
11.8.1 Company Overview
11.8.2 Recent strategies and developments:
11.8.2.1 Partnerships, Collaborations, and Agreements:
11.8.3 SWOT Analysis
11.9 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expense
11.9.5 SWOT Analysis
11.10. Google LLC (Alphabet Inc.)
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expense
11.10.5 SWOT Analysis

Companies Mentioned

  • Hitachi, Ltd.
  • Microsoft Corporation
  • NEC Corporation
  • Thales Group S.A.
  • 3M Company
  • Cognitec Systems GmbH (Salto Systems, S.L.)
  • IBM Corporation
  • Onfido Limited (Entrust Corporation)
  • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
  • Google LLC (Alphabet Inc.)

Methodology

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