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The global image recognition industry generated $28.3 Billion in 2022, and is anticipated to generate $126.8 Billion by 2032, witnessing a CAGR of 16.5% from 2023 to 2032. The market is driven by advancements in deep learning and computer vision, an increase in applications in the healthcare sector, and a surge in demand for automation. The hardware segment held the highest market share in 2022, and is expected to maintain its leadership status throughout the forecast period.
