Image Recognition in Retail Market is Booming with Strong Growth Prospects | Leading Players: IBM, Google, Microsoft, Trax
Research Reports
Jan 05, 2022
Advance Market Analytics published a new research publication on “Image Recognition in Retail Market Insights, to 2026″ with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Image Recognition in Retail market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
IBM (United States),AWS (United States),Google (United States),Microsoft (United States),Trax (Singapore),Intelligence Retail (United States),Snap2Insight (United States),Intel (United States),NVidia Corporation (United States),NEC (Japan)
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Scope of the Report of Image Recognition in Retail
The growing retail industry in the COVID 19 pandemic is expected to witness high demand for Image Recognition in the Retail market in the forecasted period. The image recognition technology can be used for retail applications to process, analyze, and understanding images. Image recognition is used to perform a large number of machine-based visual tasks, such as labeling the content of images with meta-tags, performing image content search, and guiding autonomous robots, self-driving cars, and accident avoidance systems. This is beneficial for the retail industry. Thus, Many retailers are implementing Artificial Intelligence as well as image recognition technology in retail to deliver the next level of customer experience. Image recognition in retail includes technologies to enhance the in-store experiences of customers. Since the disease is spreading enormously, shoppers are avoiding crowded places and are not gathering at public places such as malls and stores. The technological advancement associated with Image Recognition in Retail can create lucrative opportunities in the forecasted period.
The titled segments and sub-section of the market are illuminated below:
by Deployment Mode (On-Premises, Cloud), Technology (Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Others), Component (Software, Services (Professional Services, Managed Services))
Market Trends:
- Upsurging technological developments to boost the adoption of image recognition solutions among retailers
- Hugh demand for brand recognition among end-users
Market Drivers:
- High demand due to rise on-shelf availability
- High Adoption due to enhance customer experience, and maximize RoI due to COVID-19
Market Opportunities:
- The growing requirement to make informed decisions among retailers
- High demand for cloud-based image recognition solutions
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Image Recognition in Retail Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Image Recognition in Retail market
Chapter 2: Exclusive Summary – the basic information of the Image Recognition in Retail Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Image Recognition in Retail
Chapter 4: Presenting the Image Recognition in Retail Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Image Recognition in Retail market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Image Recognition in Retail Market is a valuable source of guidance for individuals and companies.
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