Image Recognition In Retail Market

Image Recognition in Retail - Global Market Outlook (2019-2027)

4.4 (84 reviews)
Published: August 2020 ID: SMRC19854
4.4 (84 reviews)
Published: August 2020 ID: SMRC19854

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Image Recognition in Retail Market is accounted for $1.17 billion in 2019 and is expected to reach $5.02 billion by 2027 growing at a CAGR of 20.0% during the forecast period. Some of the key factors propelling the market growth are growing need for enhancing customer experience increasing use of the internet, and technological advancements. However, high risk associated with customer data thefts is the restraining factor for the growth of the market.

Image recognition is the technique by which an input image is analyzed and its category is predicted from a set of categories. It is often used to interpret live camera video and has a wide variety of applications in the retail sector.

By technology, the digital image processing segment is expected to grow at a significant market share during the forecast period as it allows images to be defined over two or more dimensions. Based on geography, North America is anticipated to hold considerable market share during the forecast period owing to the high rate of adoption of novel technologies by various enterprises present in this region.

Some of the key players in Image Recognition in Retail Market include Microsoft, IBM, Qualcomm, Google, Honeywell, NEC Corporation, Trax, Blippar, Standard Cognition, Snap2Insight, Intelligence Retail, Slyce, AWS, ShelfWise, Ricoh Innovations, Zippin, Catchoom, Trigo, Deepomatic, Vispera, and ParallelDots.   

Components Covered:
• Software
• Services

Deployments Covered:
• Cloud
• On-Premises

Technologies Covered:
• Object Recognition
• Code Recognition
• Facial Recognition
• Digital Image Processing

Applications Covered:
• Marketing and Advertising
• Security and Surveillance
• Visual Product Search
• Vision Analytics

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK  
o Spain 
o Rest of Europe       
• Asia Pacific
o Japan        
o China        
o India        
o Australia        
o New Zealand       
o Rest of Asia Pacific
• South America 
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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