Image Recognition Market | The Rise Of AI In Retail And E-Commerce
Image Recognition Industry Overview The global image recognition market size was valued at USD 45.02 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2030. Image recognition technology, powered by machine learning, has been embedded in several fields, such as self-driving vehicles, automated image organization of visual websites, and face identification on social networking websites. One of the most popular applications of image identification is social media monitoring, as visual listening and visual analytics are essential factors of digital marketing. Image recognition is highly used in applications related to safety and security, such as facial recognition used by law enforcement agencies. Furthermore, airports are increasingly using face remembrance technology at security checkpoints. For instance, in August 2019, Transportation Security Administration (TSA) conducted a short-term test for identity verification automation of