Image Recognition In Retail Market
PUBLISHED: 2020 ID: SMRC19854
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Image Recognition In Retail Market

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

4.4 (84 reviews)
4.4 (84 reviews)
Published: 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 UAE
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

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
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

Table of Contents

1 Executive Summary     
       
2 Preface  
 
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities    
 3.5 Threats     
 3.6 Technology Analysis    
 3.7 Application Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes    
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Image Recognition in Retail Market, By Component 
 5.1 Introduction    
 5.2 Software     
 5.3 Services     
  5.3.1 Managed Services   
  5.3.2 Professional Services   
       
6 Global Image Recognition in Retail Market, By Deployment 
 6.1 Introduction    
 6.2 Cloud     
 6.3 On-Premises    
       
7 Global Image Recognition in Retail Market, By Technology 
 7.1 Introduction    
 7.2 Object Recognition    
 7.3 Code Recognition    
 7.4 Facial Recognition    
 7.5 Digital Image Processing   
       
8 Global Image Recognition in Retail Market, By Application 
 8.1 Introduction    
 8.2 Marketing and Advertising   
 8.3 Security and Surveillance   
 8.4 Visual Product Search   
 8.5 Vision Analytics    
       
9 Global Image Recognition in Retail Market, By Geography 
 9.1 Introduction    
 9.2 North America    
  9.2.1 US    
  9.2.2 Canada    
  9.2.3 Mexico    
 9.3 Europe     
  9.3.1 Germany    
  9.3.2 UK    
  9.3.3 Italy    
  9.3.4 France    
  9.3.5 Spain    
  9.3.6 Rest of Europe   
 9.4 Asia Pacific    
  9.4.1 Japan    
  9.4.2 China    
  9.4.3 India    
  9.4.4 Australia    
  9.4.5 New Zealand   
  9.4.6 South Korea   
  9.4.7 Rest of Asia Pacific   
 9.5 South America    
  9.5.1 Argentina    
  9.5.2 Brazil    
  9.5.3 Chile    
  9.5.4 Rest of South America  
 9.6 Middle East & Africa    
  9.6.1 Saudi Arabia   
  9.6.2 UAE    
  9.6.3 Qatar    
  9.6.4 South Africa   
  9.6.5 Rest of Middle East & Africa  
       
10 Key Developments     
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers   
 10.3 New Product Launch    
 10.4 Expansions    
 10.5 Other Key Strategies    
       
11 Company Profiling     
 11.1 Microsoft     
 11.2 IBM     
 11.3 Qualcomm    
 11.4 Google     
 11.5 Honeywell    
 11.6 NEC Corporation    
 11.7 Trax     
 11.8 Blippar     
 11.9 Standard Cognition    
 11.10 Snap2Insight    
 11.11 Intelligence Retail    
 11.12 Slyce     
 11.13 AWS     
 11.14 ShelfWise     
 11.15 Ricoh Innovations    
 11.16 Zippin     
 11.17 Catchoom    
 11.18 Trigo     
 11.19 Deepomatic    
 11.20 Vispera     
 11.21 ParallelDots


List of Tables      
1 Global Image Recognition in Retail Market Outlook, By Region (2018-2027) ($MN)
2 Global Image Recognition in Retail Market Outlook, By Component (2018-2027) ($MN)
3 Global Image Recognition in Retail Market Outlook, By Software (2018-2027) ($MN)
4 Global Image Recognition in Retail Market Outlook, By Services (2018-2027) ($MN)
5 Global Image Recognition in Retail Market Outlook, By Managed Services (2018-2027) ($MN)
6 Global Image Recognition in Retail Market Outlook, By Professional Services (2018-2027) ($MN)
7 Global Image Recognition in Retail Market Outlook, By Deployment (2018-2027) ($MN)
8 Global Image Recognition in Retail Market Outlook, By Cloud (2018-2027) ($MN)
9 Global Image Recognition in Retail Market Outlook, By On-Premises (2018-2027) ($MN)
10 Global Image Recognition in Retail Market Outlook, By Technology (2018-2027) ($MN)
11 Global Image Recognition in Retail Market Outlook, By Object Recognition (2018-2027) ($MN)
12 Global Image Recognition in Retail Market Outlook, By Code Recognition (2018-2027) ($MN)
13 Global Image Recognition in Retail Market Outlook, By Facial Recognition (2018-2027) ($MN)
14 Global Image Recognition in Retail Market Outlook, By Digital Image Processing (2018-2027) ($MN)
15 Global Image Recognition in Retail Market Outlook, By Application (2018-2027) ($MN)
16 Global Image Recognition in Retail Market Outlook, By Marketing and Advertising (2018-2027) ($MN)
17 Global Image Recognition in Retail Market Outlook, By Security and Surveillance (2018-2027) ($MN)
18 Global Image Recognition in Retail Market Outlook, By Visual Product Search (2018-2027) ($MN)
19 Global Image Recognition in Retail Market Outlook, By Vision Analytics (2018-2027) ($MN)
20 North America Image Recognition in Retail Market Outlook, By Country (2018-2027) ($MN)
21 North America Image Recognition in Retail Market Outlook, By Component (2018-2027) ($MN)
22 North America Image Recognition in Retail Market Outlook, By Software (2018-2027) ($MN)
23 North America Image Recognition in Retail Market Outlook, By Services (2018-2027) ($MN)
24 North America Image Recognition in Retail Market Outlook, By Managed Services (2018-2027) ($MN)
25 North America Image Recognition in Retail Market Outlook, By Professional Services (2018-2027) ($MN)
26 North America Image Recognition in Retail Market Outlook, By Deployment (2018-2027) ($MN)
27 North America Image Recognition in Retail Market Outlook, By Cloud (2018-2027) ($MN)
28 North America Image Recognition in Retail Market Outlook, By On-Premises (2018-2027) ($MN)
29 North America Image Recognition in Retail Market Outlook, By Technology (2018-2027) ($MN)
30 North America Image Recognition in Retail Market Outlook, By Object Recognition (2018-2027) ($MN)
31 North America Image Recognition in Retail Market Outlook, By Code Recognition (2018-2027) ($MN)
32 North America Image Recognition in Retail Market Outlook, By Facial Recognition (2018-2027) ($MN)
33 North America Image Recognition in Retail Market Outlook, By Digital Image Processing (2018-2027) ($MN)
34 North America Image Recognition in Retail Market Outlook, By Application (2018-2027) ($MN)
35 North America Image Recognition in Retail Market Outlook, By Marketing and Advertising (2018-2027) ($MN)
36 North America Image Recognition in Retail Market Outlook, By Security and Surveillance (2018-2027) ($MN)
37 North America Image Recognition in Retail Market Outlook, By Visual Product Search (2018-2027) ($MN)
38 North America Image Recognition in Retail Market Outlook, By Vision Analytics (2018-2027) ($MN)
39 Europe Image Recognition in Retail Market Outlook, By Country (2018-2027) ($MN)
40 Europe Image Recognition in Retail Market Outlook, By Component (2018-2027) ($MN)
41 Europe Image Recognition in Retail Market Outlook, By Software (2018-2027) ($MN)
42 Europe Image Recognition in Retail Market Outlook, By Services (2018-2027) ($MN)
43 Europe Image Recognition in Retail Market Outlook, By Managed Services (2018-2027) ($MN)
44 Europe Image Recognition in Retail Market Outlook, By Professional Services (2018-2027) ($MN)
45 Europe Image Recognition in Retail Market Outlook, By Deployment (2018-2027) ($MN)
46 Europe Image Recognition in Retail Market Outlook, By Cloud (2018-2027) ($MN)
47 Europe Image Recognition in Retail Market Outlook, By On-Premises (2018-2027) ($MN)
48 Europe Image Recognition in Retail Market Outlook, By Technology (2018-2027) ($MN)
49 Europe Image Recognition in Retail Market Outlook, By Object Recognition (2018-2027) ($MN)
50 Europe Image Recognition in Retail Market Outlook, By Code Recognition (2018-2027) ($MN)
51 Europe Image Recognition in Retail Market Outlook, By Facial Recognition (2018-2027) ($MN)
52 Europe Image Recognition in Retail Market Outlook, By Digital Image Processing (2018-2027) ($MN)
53 Europe Image Recognition in Retail Market Outlook, By Application (2018-2027) ($MN)
54 Europe Image Recognition in Retail Market Outlook, By Marketing and Advertising (2018-2027) ($MN)
55 Europe Image Recognition in Retail Market Outlook, By Security and Surveillance (2018-2027) ($MN)
56 Europe Image Recognition in Retail Market Outlook, By Visual Product Search (2018-2027) ($MN)
57 Europe Image Recognition in Retail Market Outlook, By Vision Analytics (2018-2027) ($MN)
58 Asia Pacific Image Recognition in Retail Market Outlook, By Country (2018-2027) ($MN)
59 Asia Pacific Image Recognition in Retail Market Outlook, By Component (2018-2027) ($MN)
60 Asia Pacific Image Recognition in Retail Market Outlook, By Software (2018-2027) ($MN)
61 Asia Pacific Image Recognition in Retail Market Outlook, By Services (2018-2027) ($MN)
62 Asia Pacific Image Recognition in Retail Market Outlook, By Managed Services (2018-2027) ($MN)
63 Asia Pacific Image Recognition in Retail Market Outlook, By Professional Services (2018-2027) ($MN)
64 Asia Pacific Image Recognition in Retail Market Outlook, By Deployment (2018-2027) ($MN)
65 Asia Pacific Image Recognition in Retail Market Outlook, By Cloud (2018-2027) ($MN)
66 Asia Pacific Image Recognition in Retail Market Outlook, By On-Premises (2018-2027) ($MN)
67 Asia Pacific Image Recognition in Retail Market Outlook, By Technology (2018-2027) ($MN)
68 Asia Pacific Image Recognition in Retail Market Outlook, By Object Recognition (2018-2027) ($MN)
69 Asia Pacific Image Recognition in Retail Market Outlook, By Code Recognition (2018-2027) ($MN)
70 Asia Pacific Image Recognition in Retail Market Outlook, By Facial Recognition (2018-2027) ($MN)
71 Asia Pacific Image Recognition in Retail Market Outlook, By Digital Image Processing (2018-2027) ($MN)
72 Asia Pacific Image Recognition in Retail Market Outlook, By Application (2018-2027) ($MN)
73 Asia Pacific Image Recognition in Retail Market Outlook, By Marketing and Advertising (2018-2027) ($MN)
74 Asia Pacific Image Recognition in Retail Market Outlook, By Security and Surveillance (2018-2027) ($MN)
75 Asia Pacific Image Recognition in Retail Market Outlook, By Visual Product Search (2018-2027) ($MN)
76 Asia Pacific Image Recognition in Retail Market Outlook, By Vision Analytics (2018-2027) ($MN)
77 South America Image Recognition in Retail Market Outlook, By Country (2018-2027) ($MN)
78 South America Image Recognition in Retail Market Outlook, By Component (2018-2027) ($MN)
79 South America Image Recognition in Retail Market Outlook, By Software (2018-2027) ($MN)
80 South America Image Recognition in Retail Market Outlook, By Services (2018-2027) ($MN)
81 South America Image Recognition in Retail Market Outlook, By Managed Services (2018-2027) ($MN)
82 South America Image Recognition in Retail Market Outlook, By Professional Services (2018-2027) ($MN)
83 South America Image Recognition in Retail Market Outlook, By Deployment (2018-2027) ($MN)
84 South America Image Recognition in Retail Market Outlook, By Cloud (2018-2027) ($MN)
85 South America Image Recognition in Retail Market Outlook, By On-Premises (2018-2027) ($MN)
86 South America Image Recognition in Retail Market Outlook, By Technology (2018-2027) ($MN)
87 South America Image Recognition in Retail Market Outlook, By Object Recognition (2018-2027) ($MN)
88 South America Image Recognition in Retail Market Outlook, By Code Recognition (2018-2027) ($MN)
89 South America Image Recognition in Retail Market Outlook, By Facial Recognition (2018-2027) ($MN)
90 South America Image Recognition in Retail Market Outlook, By Digital Image Processing (2018-2027) ($MN)
91 South America Image Recognition in Retail Market Outlook, By Application (2018-2027) ($MN)
92 South America Image Recognition in Retail Market Outlook, By Marketing and Advertising (2018-2027) ($MN)
93 South America Image Recognition in Retail Market Outlook, By Security and Surveillance (2018-2027) ($MN)
94 South America Image Recognition in Retail Market Outlook, By Visual Product Search (2018-2027) ($MN)
95 South America Image Recognition in Retail Market Outlook, By Vision Analytics (2018-2027) ($MN)
96 Middle East & Africa Image Recognition in Retail Market Outlook, By Country (2018-2027) ($MN)
97 Middle East & Africa Image Recognition in Retail Market Outlook, By Component (2018-2027) ($MN)
98 Middle East & Africa Image Recognition in Retail Market Outlook, By Software (2018-2027) ($MN)
99 Middle East & Africa Image Recognition in Retail Market Outlook, By Services (2018-2027) ($MN)
100 Middle East & Africa Image Recognition in Retail Market Outlook, By Managed Services (2018-2027) ($MN)
101 Middle East & Africa Image Recognition in Retail Market Outlook, By Professional Services (2018-2027) ($MN)
102 Middle East & Africa Image Recognition in Retail Market Outlook, By Deployment (2018-2027) ($MN)
103 Middle East & Africa Image Recognition in Retail Market Outlook, By Cloud (2018-2027) ($MN)
104 Middle East & Africa Image Recognition in Retail Market Outlook, By On-Premises (2018-2027) ($MN)
105 Middle East & Africa Image Recognition in Retail Market Outlook, By Technology (2018-2027) ($MN)
106 Middle East & Africa Image Recognition in Retail Market Outlook, By Object Recognition (2018-2027) ($MN)
107 Middle East & Africa Image Recognition in Retail Market Outlook, By Code Recognition (2018-2027) ($MN)
108 Middle East & Africa Image Recognition in Retail Market Outlook, By Facial Recognition (2018-2027) ($MN)
109 Middle East & Africa Image Recognition in Retail Market Outlook, By Digital Image Processing (2018-2027) ($MN)
110 Middle East & Africa Image Recognition in Retail Market Outlook, By Application (2018-2027) ($MN)
111 Middle East & Africa Image Recognition in Retail Market Outlook, By Marketing and Advertising (2018-2027) ($MN)
112 Middle East & Africa Image Recognition in Retail Market Outlook, By Security and Surveillance (2018-2027) ($MN)
113 Middle East & Africa Image Recognition in Retail Market Outlook, By Visual Product Search (2018-2027) ($MN)
114 Middle East & Africa Image Recognition in Retail Market Outlook, By Vision Analytics (2018-2027) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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