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.
Between 2018 and 2022, the market was particularly dominated by applications in security surveillance and sports analytics, both of which leverage action recognition to detect patterns and behaviors. By utilizing machine learning and AI technologies, these applications became more accurate and efficient in recognizing specific actions, making them ideal for real-time monitoring and analysis. The market was also influenced by the rapid expansion of connected devices and the Internet of Things (IoT), which increased the demand for devices capable of recognizing actions in a variety of environments, from smart homes to public spaces. Furthermore, healthcare applications of action recognition, such as fall detection for elderly patients and physical therapy monitoring, gained momentum, signaling a promising future for the technology.
As we move into 2023 and beyond, the demand for action recognition is expected to evolve even further. The market is projected to grow exponentially due to the rise in demand for more advanced AI systems and higher levels of automation in everyday applications. Industries such as autonomous vehicles, retail analytics, and industrial automation are set to adopt action recognition technologies to enhance user experiences, optimize operational processes, and improve safety protocols. AI’s ability to analyze human movements in real-time will also lead to more personalized services in sectors like retail, where action recognition can be used to gauge customer behaviors and predict shopping patterns.
With increasing applications across diverse sectors, the Action Recognition Market is expected to experience steady growth through 2033. The demand for more efficient and accurate systems will further propel innovation, resulting in the development of improved algorithms and more accessible hardware solutions. Additionally, as AI and machine learning continue to evolve, the capabilities of action recognition will expand, allowing for real-time analysis with greater precision and at lower costs. These advancements will foster increased adoption and greater market penetration worldwide.
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The Action Recognition Market has seen significant growth between 2018 and 2022, driven by advancements in computer vision, deep learning algorithms, and an increasing demand for automated surveillance systems. As more industries recognize the potential of action recognition technologies, the market experienced a surge in both adoption and investment. Major players in the market have integrated these technologies into applications such as security, healthcare, and entertainment, which contributed to the overall growth. From 2021 to 2022, the Action Recognition Market grew at a notable pace due to the increased reliance on AI-powered systems for analyzing human activities in real-time.
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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