Action Recognition Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 6.0 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
The global Action Recognition market was valued at approximately USD 2.5 billion in 2022 and is projected to experience robust growth with a Compound Annual Growth Rate (CAGR) of 21.4% from 2023 to 2030. This rapid expansion is driven by increasing adoption of artificial intelligence and machine learning technologies in various sectors, including security, retail, and healthcare. The rising demand for advanced surveillance systems and interactive applications further fuels the market growth. Additionally, the proliferation of smart devices and advancements in computer vision technologies are expected to contribute significantly to the market's upward trajectory.Opportunities in the Action Recognition market are burgeoning due to the growing emphasis on enhancing user experiences and improving operational efficiencies across industries. Emerging markets, particularly in Asia-Pacific and Latin America, present lucrative prospects due to their expanding technology infrastructure and increasing investments in smart city projects. The integration of action recognition technologies in wearable devices and autonomous systems is anticipated to create new avenues for growth. Furthermore, ongoing research and development efforts aimed at refining recognition algorithms and expanding application areas are likely to drive market innovation and expansion.
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Hinge Health (Wrnch)
Viisights
Edgetensor
Humanising Autonomy
Beijing Sensetime
Beijing Deep Glint
iFLYTEK
Beijing Dilusense
Watrix Technology
ReadSense
YITU Technology
X-Bull
ArcSoft
Intellifusion
MEGVII
Baidu
Aliyun
Huawei
Baijiayun
SpeechOcean
Minivision
YunkaoAI
SeeSkyLand
AITestGo
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Action Recognition Market
Public Safety and Transportation
City Management
Education
Sports & Health
Other
Based on Types the Market is categorized into Below types that held the largest Action Recognition market share In 2023.
Still Image
Dynamic Image
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Action Recognition Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Action Recognition Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Action Recognition Market, By Type
6. Global Action Recognition Market, By Application
7. Global Action Recognition Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Action Recognition Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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