Image Recognition in Retail Market Size Analysis, Industry Outlook, Current Trends and Forecast by 2027

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The Image Recognition in Retail Market report upholds the future market predictions related to Image Recognition in Retail market size, revenue, production, Consumption, gross margin and other substantial factors. It also examines the role of the prominent Image Recognition in Retail market players involved in the industry including their corporate overview. While emphasizing the key driving factors for Image Recognition in Retail market, the report also offers a full study of the future trends and developments of the market.

Global Image Recognition in Retail Market is valued approximately at USD 1.14 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 21.80% over the forecast period 2020-2027. Image recognition is the process of analyzing an input image and predicting its category. The implementation of Image recognition in the retail stores improves in store execution and brand visibility and benefits the retail stores by increasing sales growth, increasing market share of the brand and improve customer engagement with the brand. Thus, the growing market competition across the globe has led to the adoption of different strategies to increase sales which includes image recognition

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As in March 2020, Trax company Singapore acquired survey.com. The acquisition combined the technologies of both the companies providing to the requirement of the emerging CPG market and grocery retailers. Also, in August 2019, AWS upgraded the Amazon Rekognition to deliver higher accuracy of gender identification and emotion detection. Thus, aiding the market growth. Further, the need to increase shelf availability, enhance customer experience and maximize Return on Investment drives the market growth

The report supplies substantial data regarding the market share that every one of these companies currently garner across this business, in tandem with the market share that they are expected to procure by the end of the forecast period. Also, the report elaborates on details pertaining to the products manufactured by each of these firms, that would help new entrants and prominent stakeholders work on their competition and strategy portfolios. Not to mention, their decision-making process is liable to get easier because of the Image Recognition in Retail market report also enumerates a gist of the product price trends and the profit margins of each firm in the industry.

As the use of Image recognition in the store aids in eliminating errors in audits and finding out of stock products which increases availability of the products. However, high risk of customer data thefts impedes the growth of the market over the forecast period of 2020-2027. Although, growing adoption of cloud-based image recognition solutions present a lucrative opportunity for the market.

Major Companies covered in  Image Recognition in Retail market report are: IBM Corporation, Amazon Web Services (AWS), Google, Microsoft Corporation, Trax Retail, Honeywell International, Hitachi, LTU Technologies, NEC Corporation, Qualcomm Incorporated,

The report supplies substantial data regarding the market share that every one of these companies currently garner across this business, in tandem with the market share that they are expected to procure by the end of the forecast period. Also, the report elaborates on details pertaining to the products manufactured by each of these firms, that would help new entrants and prominent stakeholders work on their competition and strategy portfolios. Not to mention, their decision-making process is liable to get easier because of the Image Recognition in Retail market report also enumerates a gist of the product price trends and the profit margins of each firm in the industry.

Major Highlights from Table of contents are listed below for quick look up into Image Recognition in Retail Market report:

  1. Image Recognition in Retail Market – Overview
  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Business trends of Image Recognition in Retail Market
  • Market Revenue, Image Recognition in Retail Market Size and Key Trends by Company
  • Image Recognition in Retail Market Comparative analysis
  • Case studies of successful ventures
  • Regulatory Framework Overview
  1. Image Recognition in Retail Market - Strategic Analysis
  • Opportunities analysis
  • Suppliers and distributors Market Share
  • Value chain analysis
  • Image Recognition in Retail Market share and growth analysis
  1. Image Recognition in Retail Market industry segments analysis
  • Research Methodology
  • Distribution channel analysis
  • Business Overview of Image Recognition in Retail Market Companies
  • Image Recognition in Retail Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

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