Image Recognition in Retail Market Size & Share, by Type (Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition); Component (Hardware, Software, Services); Deployment (On-Premises, Cloud); Application (Scanning & Imaging, Image Search, Security & Surveillance, Augmented Reality, Marketing & Advertising) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4964
  • Published Date: Jun 01, 2023
  • Report Format: PDF, PPT

Companies dominating the Image Recognition in Retail Landscape

top-features-companies
    • Amazon.com, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Attrasoft, Inc.
    • Blippar
    • Google LLC
    • Hitachi, Ltd.
    • Honeywell International Inc.
    • Huawei Technologies Co., Ltd.
    • IBM Corp.
    • Intelligent Retail
    • LTU Technologies

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

  • In order to recognize actions in videos when a person's face is obscured or there is a subtle fluctuation in motion that is challenging to discern, Hitachi, Ltd. has created a human action recognition AI technology. With this technique, it is feasible to capture tiny variations in activities in real time without the usage of extra sensors by having AI learn the video and sensor signal from numerous body-worn sensors in advance.
  • Honeywell International, Inc. announced. InbraTerrestre, a Brazilian company, has used its Spectra Shield technology to create lighter-weight helmets for the military and police enforcement. One of the Inbra Group's businesses, InbraTerrestre, would be the nation's first strategic defense provider to gain T&A certification for level III-A ballistic helmet.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4964
  • Published Date: Jun 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are a growing focus on customer satisfaction, a rise in the establishment of physical retail stores, and a surge in the adoption of smartphones.

The market size of image recognition in retail is anticipated to attain a CAGR of ~23% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Amazon.com, Inc., Attrasoft, Inc., Blippar, Google LLC, and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, component, deployment, application and by region.

The digital image processing segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

High installation cost, risk of data theft, and quality issues of the image are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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