Press release
Computer Vision For Retail Market Poised for Robust Growth, Projected to Hit $9.87 Billion by 2029
Projected Size of the Computer Vision For Retail Market by 2025The computer vision for retail market has grown rapidly, increasing from $3.41 billion in 2024 to $4.23 billion in 2025, reflecting a CAGR of 24.0%. This growth is driven by the adoption of advanced computer vision technologies, demand for enhanced in-store customer experiences, concerns around retail theft, implementation of intelligent monitoring systems, and increased focus on optimizing inventory management processes.
Forecasted Growth of the Computer Vision For Retail Market by 2029
By 2029, the market is expected to reach $9.88 billion, growing at a CAGR of 23.6%. Drivers include rising AI-based analytics adoption, demand for cashierless retail environments, growing preference for personalized shopping experiences, real-time tracking of shopper behavior, and focus on reducing operational costs. Key developments include advancements in AI-driven customer insights, autonomous checkout technologies, real-time inventory monitoring, personalized in-store experiences, and enhanced smart shelving and inventory management solutions.
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Automation as a Catalyst in the Computer Vision For Retail Market
The growth of self-operating systems is a primary driver of computer vision adoption in retail. These systems minimize manual intervention, reduce errors, optimize operations, and enable scalable processes. In retail, computer vision identifies products, manages inventory, and analyzes shopper behavior to enhance efficiency and customer experience. For instance, QuantumBlack AI reported that by March 2025, 78% of surveyed companies used AI in at least one operational area, up from 55% a year earlier, reflecting the strong demand for automation.
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Emerging Developments in the Computer Vision For Retail Market
Industry leaders are focusing on advanced loss prevention solutions powered by AI-based computer vision. These systems track, detect, and prevent theft while maintaining customer privacy and operational efficiency. For example, in June 2025, Trigo Vision Ltd. launched a proprietary solution offering live monitoring of customer behavior, verifying scanned merchandise, and alerting staff in real-time, helping reduce shrinkage and prevent inventory discrepancies before checkout.
Segment Analysis of the Computer Vision For Retail Market
The market is segmented as follows:
By Component: Hardware, Software, Services
By Deployment Mode: On-Premises, Cloud
By Retail Type: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailers, Other Retail Types
By Application: Customer Analytics, Inventory Management, Loss Prevention, Checkout Optimization, Other Applications
By End User: Large Enterprises, Small and Medium Enterprises
Subsegments:
By Hardware: Cameras, Sensors, Processors, Display Units, Networking Devices
By Software: Video Analytics, Image Recognition, AI Algorithms, Data Management Platforms, Cloud Analytics
By Services: Installation and Integration, Maintenance and Support, Consulting, Training, Managed Services
Key Companies in the Computer Vision For Retail Market
Major players include Google LLC; Microsoft Corporation; Amazon Web Services Inc.; Sony Corporation; IBM; Intel Corporation; Honeywell International Inc.; NVIDIA Corporation; Zebra Technologies Corporation; SenseTime Group Inc.; Metropolis Technologies Inc.; Trax Technology Solutions Pte. Ltd.; Scandit AG.; Trigo Vision Ltd.; Vispera Information Technologies Inc.; Standard AI Inc.; Malong Technologies Inc.; Graymatics Inc.; SeeChange Technologies Inc.; StrataVision Inc.
Geographic Trends in the Computer Vision For Retail Market
North America led the market in 2024, while Asia-Pacific is expected to register the fastest growth. Regions analyzed include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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