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The Global Image Recognition in Retail market is expected to reach $4.48 billion by 2026 growing at a CAGR of 21.1% during 2019 to 2026. Image Recognition is the process of analyzing an input image and predicting its category from a set of categories. Recent advancements in artificial intelligence and machine learning have hugely contributed to the growth of image recognition in the retail sector. Within the retail sector, there have been several applications across security, marketing, payment, and shopping & customer service. The most exciting application is around the recognition of a real-world object and searching for a market place for products that closely match. Factors such as rising technological developments and need to increase on-shelf availability are driving the growth of the market. Though, high risk related to customer data thefts and high costs of image recognition services is restraining the growth of the market. Growing needs to make informed decisions among retailers and increasing adoption of cloud-based image recognition solutions are providing opportunities for the growth of the market. Based on the component, the services segment is expected to grow at a significant market share during the forecast period due to its factors such as reduced costs, increase the overall revenue, and enhance the overall performance of employees and organizations alike. Services help companies build successful customer relationships by continuously supporting them throughout their business tenure. Image recognition in retail vendors sometimes provides services via channel partners that can help strengthen the geographical reach of solution vendors and the cost-effectiveness of their software. The key vendors mentioned are AWS, Blippar, Catchoom, Clarifai, Deepomatic, Google, Honeywell, Huawei, IBM, Intelligence Retail, Microsoft, NEC Corporation, Qualcomm, Ricoh Innovations, Slyce, Trax, Trigo, and Vispera. Technologies Covered: • Code Recognition • Digital Image Processing • Facial Recognition • Object Recognition Components Covered: • Software • Services Applications Covered: • Visual Product Search • Security & Surveillance • Vision Analytics • Marketing & Advertising Deployment Types Covered: • On-Premises • Cloud Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Image Recognition in Retail Market, By Technology
5.1 Introduction
5.2 Code Recognition
5.3 Digital Image Processing
5.4 Facial Recognition
5.5 Object Recognition
6 Global Image Recognition in Retail Market, By Component
6.1 Introduction
6.2 Software
6.3 Services
7 Global Image Recognition in Retail Market, By Application
7.1 Introduction
7.2 Visual Product Search
7.3 Security & Surveillance
7.4 Vision Analytics
7.5 Marketing & Advertising
8 Global Image Recognition in Retail Market, By Deployment Type
8.1 Introduction
8.2 On-Premises
8.3 Cloud
9 Global Image Recognition in Retail Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 AWS
11.2 Blippar
11.3 Catchoom
11.4 Clarifai
11.5 Deepomatic
11.6 Google
11.7 Honeywell
11.8 Huawei
11.9 IBM
11.10 Intelligence Retail
11.11 Microsoft
11.12 NEC Corporation
11.13 Qualcomm
11.14 Ricoh Innovations
11.15 Slyce
11.16 Trax
11.17 Trigo
11.18 Vispera
List of Data Tables
Table 1 Global Image Recognition in Retail Market Outlook, By Region (2018-2026) ($MN)
Table 2 Global Image Recognition in Retail Market Outlook, By Technology (2018-2026) ($MN)
Table 3 Global Image Recognition in Retail Market Outlook, By Code Recognition (2018-2026) ($MN)
Table 4 Global Image Recognition in Retail Market Outlook, By Digital Image Processing (2018-2026) ($MN)
Table 5 Global Image Recognition in Retail Market Outlook, By Facial Recognition (2018-2026) ($MN)
Table 6 Global Image Recognition in Retail Market Outlook, By Object Recognition (2018-2026) ($MN)
Table 7 Global Image Recognition in Retail Market Outlook, By Component (2018-2026) ($MN)
Table 8 Global Image Recognition in Retail Market Outlook, By Software (2018-2026) ($MN)
Table 9 Global Image Recognition in Retail Market Outlook, By Services (2018-2026) ($MN)
Table 10 Global Image Recognition in Retail Market Outlook, By Application (2018-2026) ($MN)
Table 11 Global Image Recognition in Retail Market Outlook, By Visual Product Search (2018-2026) ($MN)
Table 12 Global Image Recognition in Retail Market Outlook, By Security & Surveillance (2018-2026) ($MN)
Table 13 Global Image Recognition in Retail Market Outlook, By Vision Analytics (2018-2026) ($MN)
Table 14 Global Image Recognition in Retail Market Outlook, By Marketing & Advertising (2018-2026) ($MN)
Table 15 Global Image Recognition in Retail Market Outlook, By Deployment Type (2018-2026) ($MN)
Table 16 Global Image Recognition in Retail Market Outlook, By On-Premises (2018-2026) ($MN)
Table 17 Global Image Recognition in Retail Market Outlook, By Cloud (2018-2026) ($MN)
Table 18 North America Image Recognition in Retail Market Outlook, By Technology (2018-2026) ($MN)
Table 19 North America Image Recognition in Retail Market Outlook, By Component (2018-2026) ($MN)
Table 20 North America Image Recognition in Retail Market Outlook, By Application (2018-2026) ($MN)
Table 21 North America Image Recognition in Retail Market Outlook, By Deployment Type (2018-2026) ($MN)
Table 22 Europe Image Recognition in Retail Market Outlook, By Technology (2018-2026) ($MN)
Table 23 Europe Image Recognition in Retail Market Outlook, By Component (2018-2026) ($MN)
Table 24 Europe Image Recognition in Retail Market Outlook, By Application (2018-2026) ($MN)
Table 25 Europe Image Recognition in Retail Market Outlook, By Deployment Type (2018-2026) ($MN)
Table 26 Asia Pacific Image Recognition in Retail Market Outlook, By Technology (2018-2026) ($MN)
Table 27 Asia Pacific Image Recognition in Retail Market Outlook, By Component (2018-2026) ($MN)
Table 28 Asia Pacific Image Recognition in Retail Market Outlook, By Application (2018-2026) ($MN)
Table 29 Asia Pacific Image Recognition in Retail Market Outlook, By Deployment Type (2018-2026) ($MN)
Table 30 South America Image Recognition in Retail Market Outlook, By Technology (2018-2026) ($MN)
Table 31 South America Image Recognition in Retail Market Outlook, By Component (2018-2026) ($MN)
Table 32 South America Image Recognition in Retail Market Outlook, By Application (2018-2026) ($MN)
Table 33 South America Image Recognition in Retail Market Outlook, By Deployment Type (2018-2026) ($MN)
Table 34 Middle East & Africa Image Recognition in Retail Market Outlook, By Technology (2018-2026) ($MN)
Table 35 Middle East & Africa Image Recognition in Retail Market Outlook, By Component (2018-2026) ($MN)
Table 36 Middle East & Africa Image Recognition in Retail Market Outlook, By Application (2018-2026) ($MN)
Table 37 Middle East & Africa Image Recognition in Retail Market Outlook, By Deployment Type (2018-2026) ($MN)