UK AI in image recognition market is estimated to grow significantly at a CAGR of 28.4% during the forecast period. UK is the third-largest economy in Europe after Germany and France, majorly owing to its trading power and financial businesses. The country is undergoing the process of exiting the European Union and could create its new independent rules and regulations. The country has well-developed ICT infrastructure, with continuous development in the information technology industry. UK is considered as a country with the highest number of AI start-ups in Europe, some of the start-ups include Sigma data Systems, Fingent, Light IT and others.

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.

UK law enforcement agencies have been using cameras with Automatic number plate recognition (ANPR). This technology uses AI with image recognition to detect vehicles of criminals that are listed in the wanted list of the agency's computers these include tackling organized crime groups and terrorists. In addition, UK is the first country where AI for image recognition is used in a job interview to find the best applicants. Uniliver was the company that utilized this technology to analyze the language, tone and facial expressions of candidates. This has contributed significantly to the market growth in the country and created future opportunities for new players as well.

Various companies in the country are engaged in AI for image recognition in the country. One of the prominent companies is Cortexica Vision Systems, the company offers an AI-based platform that provides video analytics and camera processing solutions for the retail sectors. In February 2019, Cortexica introduced that it had launched an app that allows users to demo AI-powered visual search and image recognition technology. The company’s visual commerce app offers users to interact with a wide range of retail solutions to get an idea of how the app is working.

Research Methodology

The market study of the UK 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. In the report, the analysis of the country is provided by analyzing various 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, and future market opportunities. 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

1. UK AI in Image Recognition Market Research and Analysis by Product Type

2. UK AI in Image Recognition Market Research and Analysis by End-User 

The Report Covers

• Comprehensive research methodology of the UK 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 UK AI in image recognition market.
• Insights about market determinants which are stimulating the UK AI in image recognition market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.