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Among application, the vision analytics segment held a considerable growth in the market owing to increasing demand of analytics solutions for better customer experience in retail shop and malls. Moreover, AI with the image recognition enables to ease the process and alleviate the shopping experience for the customers. Companies such as Amazon, Lenskart, Adidas, Cognizant and many more uses the image recognition in their retail stores. Amazon’s friction-less grocery store uses image recognition to identify its customer and support them by making their shopping experience better without the requirement of stopping at payment counters. Lenskart and Adidas have their image recognition system which enables the customer to try how the accessories look on them without actually wearing them. They can just select the option and image recognition system will project it on the screen as how it looks on them.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Image Recognition in Retail Market Segmentation
By Deployment Type
- On-Premises
- Cloud-Based
By Application
- Vision Analytics
- Marketing and Advertising
- Visual Product Search
- Others( Security and Surveillance)
Global Image Recognition in Retail Market Segment by Region
North America
- United States
- copyright
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global image recognition in retail market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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