Global Visual Search in Devices Market Set to Grow USD 20,906 Million By 2027

Facts and Factors Market Research has published a new report titled “Visual Search in Devices Market By Type of Devices (Drones/Unmanned Aerial Vehicles, Mobile, and Smart Cameras) and By Application (Inventory Management, Weather Monitoring, and Surveillance & Security Control): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global Visual Search in Devices market is predicted to be valued at approximately USD 9,153 million in 2018 and is expected to reach a value of around USD 20,906 million by 2027, at a CAGR of around 9.6% between 2019 and 2027.

Visual search in devices helps in determining the target among various kinds of distractions. It collates the visual information from the internet and bifurcates the picture as well as video data accordingly.

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Thriving demand for visual search in the eCommerce industry to prompt the market trends

The growth of the visual search in the devices market during the forecast period is due to its lucrative demand in the thriving eCommerce as well as online activities. Moreover, growing awareness among the customers pertaining to easy product accessibility is one of the key aspects promoting the demand for visual search in devices. Today, the end-user prefers e-shopping with the wide availability of products. In addition to this, the rise in internet use by even the small retail firm can help it interact with a myriad number of end-users.

Furthermore, the eCommerce industry has sparked new growth prospects for visual search in the devices market by making search optimization more easy for end-users. Moreover, visual search like Pinterest – a social networking tool-introduced a visual discovery application that became popular among the end-users as well as the target audience. All these aforementioned factors are predicted to steer the growth of visual search in the devices industry over the forecast period.

With breakthroughs in technology, the exactness & precision of the virtual search engines have been rising slowly and this has resulted in the acceptance of virtual search in equipment in recent years. Nonetheless, high device costs can prove to be an impediment to market growth during the forecast period. However, an increase in the funding for new visual search technologies coupled with a rise in the acceptance of visual search engines will create new horizons of growth for the visual search in the devices industry over the forecast timeline.

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Smart cameras to dominate the type of devices segment over the forecast period

The segmental growth during the forecast timeline is attributed to the beneficial features of the smart cameras like the ability to derive the application-specific know-how from the pictures along with the production of event descriptions utilized in smart & mechanized systems.

Surveillance & security control segment to lead the application landscape by 2027

The growth of the segment during the forecast timeframe is credited to the CCTV technology of surveillance & security control systems that are installed extensively to offer protection or security to the firms or organizations from many criminal activities prominently witnessed these days.

Asia Pacific market to register highest CAGR over the forecast period

The market in the Asia Pacific is predicted to record the highest growth rate of more than 10% during the forecast timeline. The growth is credited to the massive popularity of mobile visual searches in countries like China, Japan, and South Korea. In addition to this, the huge business growth potential for the visual search service providers in countries like Indonesia and India is likely to further prompt the regional market surge over the forecast timeline. Apart from this, a huge demand for the visual search in devices across the online fashion stores sector will further influence the market growth in the region.

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Some of the major players in the business include DJI, Face++, IntelliVision, Snap Inc., IBM Corporation, Slyce, Uncanny Vision, Google, ViSenze, Nest Labs, FLIRTEY, Samsung, Microsoft, and Skydio.

This report segments the Visual Search in Devices market as follows:

Visual Search in Devices Market: By Type of Devices Analysis

Drones/Unmanned Aerial Vehicles
Mobile
Smart Cameras

Visual Search in Devices Market: By Application Analysis

Inventory Management
Weather Monitoring
Surveillance & Security Control

Visual Search in Devices Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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