Press release
Image Recognition In Retail Market Research Report 2024 - 2033 | Insights, Analysis, and Key Drivers
Image Recognition In Retail Market Research
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8550&type=smp
According to The Business Research Company's, The image recognition in retail market size has grown exponentially in recent years. It will grow from $1.99 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth in the historic period can be attributed to efforts to enhance customer engagement, growing importance of visual merchandising, increased availability of high-quality data, competition and differentiation in retail, customer expectations for seamless shopping, enhanced security and loss prevention, regulatory compliance and privacy measures.
The image recognition in retail market size is expected to see exponential growth in the next few years. It will grow to $5.05 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to continued growth of online shopping, global expansion of e-commerce platforms, rise of visual search engines, enhanced in-store shopping experiences, demand for sustainable and ethical products, personalized marketing campaigns, demand for contactless shopping, focus on accessibility and inclusivity. Major trends in the forecast period include visual search capabilities, personalized shopping recommendations, in-store customer analytics, automated checkout systems, ai-powered customer service, real-time pricing and competitor analysis, integration with e-commerce platforms.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/image-recognition-in-retail-global-market-report
Market Drivers and Trends:
The expansion of online retail is expected to propel the growth of image recognition in retail market going forward. Online retail, also known as e-commerce, refers to the buying and selling of goods and services over the Internet. Image recognition in online retail enhances the shopping experience by enabling visual search, personalized product recommendations, and augmented reality features, thereby improving customer engagement and streamlining the purchase process. For instance, in September 2022, according to the International Trade Administration, a US-based Department of Commerce, consumer eCommerce now made up 30% of the UK's overall retail sector (up from 20% in 2020), with an annual e-commerce revenue of more than $120 billion. In 2021, 82% of people in the UK will have made at least one online purchase. Therefore, the expansion of online retail is driving the growth of image recognition in retail market.
Technological development is a key trend gaining popularity in image recognition in the retail market. Major players in image recognition in the retail sector are focused on technological developments to sustain their marketplace. For instance, in July 2021, BeMyEye, an England-based retail technology company launched the latest addition to its list of CPG tools, 'real-time image recognition for retail store audits. With the help of this innovative technology, audit times may be reduced by up to 70% while giving sales representatives precise store insights in less than 20 seconds. This new technology enhances the speed, efficiency, and actionability of field teams engaged in the store audit.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Catchoom Technologies S.L., Ricoh Innovations Corporation, Blippar Ltd., Jumio Corporation, Google LLC, Wikitude GmbH, Trax Retail Solutions Pte. Ltd., Snap2Insight Inc., Clarifai Inc., Slyce Inc., ParallelDots Inc., NEC Corporation, Huawei Technologies Co. Ltd., Qualcomm Incorporated, Amazon Web Services Inc., Zippin Inc., Vispera Information Technologies Ltd., Hitachi Ltd., NVIDIA Corporation, International Business Machines Corporation, Intel Corporation, Toshiba Corporation, Honeywell International Inc., Staffing Technologies, Sharp Corporation, Attrasoft Inc., Syte Visual Conception Ltd., boohoo Group plc, Sephora SA, Shutterstock Inc.
Image Recognition In Retail Market 2024 Key Insights:
• The image recognition in retail market size is expected to see exponential growth in the next few years. It will grow to $5.05 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%.
• Image Recognition Applications Fuel Retail Market Growth
• Retail Market Embraces Technological Advancements In Image Recognition
• North America was the largest region in the image recognition in retail market share in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8550&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
"""Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Image Recognition In Retail Market Research Report 2024 - 2033 | Insights, Analysis, and Key Drivers here
News-ID: 3742562 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Image
Image Consulting Market Outlook, Trend Analysis, Current Growth, Future Scope An …
The latest report published by Coherent Market Insights highlights the growth prospects of the Image Consulting Market from 2025 to 2032. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such…
Image Sensor Market: Image Sensor Growth to USD 39B by 2031
Image Sensor Market Scope:
Key Insights : Image Sensor Market size was valued at USD 16.01 billion in 2022 and is poised to grow from USD 16.36 billion in 2023 to USD 39 billion by 2031, growing at a CAGR of 9.6% in the forecast period (2024-2031).
Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/image-sensor-market
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/image-sensor-market
In-Depth Exploration of the…
Image Consulting Market: Opportunities in Executive Coaching, Wardrobe and Style …
Description
Coherent Market insights announces the release of the report "Image Consulting Market - Demand, Growth, Opportunities and Analysis of Top Key Player Forecast to 2030", The Image Consulting market research report provides a comprehensive analysis of the current state and future potential of the Image Consulting market. The report covers various aspects, including market size, growth trends, key players, market segmentation, competitive landscape, industry drivers, and challenges. The objective of…
CMOS and sCMOS Image Sensors CMOS and sCMOS Image Sensors
The latest CMOS and sCMOS Image Sensors market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data.
Request a sample on this latest research report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5096977
Top Key Players are covered in this report:…
Interventional Image-Guided Systems Market Report 2018: Segmentation by Product …
Global Interventional Image-Guided Systems market research report provides company profile for St. Jude Medical, Neusoft, Konica Minolta, Samsung Medison, Shimadzu, BenQ Medical Technology, Asahi Roentgen, GE Healthcare, Olympus, Philips Healthcare, Siemens Healthineers, Toshiba Medical Systems and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth…
Image Sensors Market By Types - CCD Image Sensors, Linear Image Sensors, CMOS Im …
The vendor landscape of the U.S. image sensors market includes companies such as Dalsa Corporation, Omnivision Technologies Inc., Micron Technology Inc., and Sharp Microelectronics of the Americas. The market players are witnessing an increased demand for linear image sensors owing to the extensive applications of CMOS (complementary metal-oxide semiconductor) image sensors across a wide range of applications. In fact, the majority of the revenue of these market players comes from…
