Image Recognition Market Worth $53.0 Billion By 2025, Growing At A Cagr Of 15.1% Report By Marketsandmarkets™

The global Image Recognition Market size is expected to grow from USD 26.2 billion in 2020 to USD 53.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.1%. This growth is due to the increased need for efficient and profitable retail execution processes with adherence to compliance standards and technological advancements. The market is segmented by component, application, deployment mode, end user, and region. Services for the image recognition market include implementation, deployment, product upgrades, maintenance, and consulting.