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Image Recognition In Retail Market 2023-2032 | Size, Share, Growth, Trends, Revenue, Competitive Landscape, Forecast Report
Image Recognition In Retail Market
Image Recognition In Retail Market Size, Growth Rate, And Forecast
The global image recognition in retail market size is expected to grow from $1.63 billion in 2022 to $1.98 billion in 2023 at a compound annual growth rate (CAGR) of 21.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The image recognition in retail market size is expected to grow to $4.16 billion in 2027 at a CAGR of 20.4%.
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Image Recognition In Retail Market Drivers
The increasing use of image recognition applications is expected to drive the demand for image recognition in the retail market going forward. The image recognition applications such as scanning and imaging, security and surveillance, and marketing and advertising are being used increasingly due to the need for improving operational accuracy, strengthening security, and better marketing campaigns. The increasing use of image recognition applications in turn will increase demand for image recognition in retail due to the improved ROI (return on investment) for retailers.
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Image Recognition In Retail Market Segments
1) By Type: Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Other Types
2) By Component: Hardware, Software, Services
3) By Deployment: On-Premises, Cloud
4) By Application: Scanning And Imaging, Image Search, Security And Surveillance, Augmented Reality, Marketing And Advertising, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Image Recognition In Retail market.
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Image Recognition In Retail Market Key Players
Major competitors in the Image Recognition In Retail market include Catchoom, Ricoh Innovations, Blippar, LTU Tech, Google LLC, Wikitude, Trax Retail, Snap2Insight, Clarifai Inc
The Table Of Content For The Image Recognition In Retail Market Include:
1. Executive Summary
2. Image Recognition In Retail Market Characteristics
3. Image Recognition In Retail Market Trends And Strategies
4. Image Recognition In Retail Market - Macro Economic Scenario
5. Image Recognition In Retail Market Size And Growth
……
27. Image Recognition In Retail Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Image Recognition In Retail Market
29. Image Recognition In Retail Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Image Recognition In Retail Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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