{"id":68014,"date":"2020-09-09T15:00:00","date_gmt":"2020-09-09T15:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2725466"},"modified":"2020-09-09T15:00:00","modified_gmt":"2020-09-09T15:00:00","slug":"image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/","title":{"rendered":"Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0%"},"content":{"rendered":"

According to a new market research report “Image Recognition in Retail Market<\/a> by Technology (Code Recognition, Digital Image Processing) Component (Software and Services), Application (Visual Product Search, Security Surveillance), Deployment Type, and Region – Global Forecast to 2025″<\/strong> published by MarketsandMarkets, the global image recognition in retail market size is expected to grow from USD 1.4 billion in 2020 to USD 3.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.0% during the forecast period. Need to increase on-shelf availability, enhance customer experience, and maximize RoI is one of the major factors driving the growth of the market.<\/p>\n

Browseand in-depth TOC on<\/em> “<\/strong>Image Recognition in Retail Market<\/strong>” <\/strong><\/p>\n

249 – Tables<\/strong><\/p>\n

43 – Figures <\/strong><\/p>\n

245 – Pages <\/strong><\/p>\n

Download PDF Brochure @ <\/strong>https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=181903303<\/a><\/p>\n

Professional services to account for the highest market share during the forecast period<\/strong><\/p>\n

Service providers provide professional services, such as consulting, training, support, and maintenance services that help retailers gain descriptive knowledge about software. Vendors also provide online and onsite training so that retailers can use software in a better way. Providing training and support services while deploying image recognition software has generated a level of awareness about the use of the software, thus strengthening the growth for the services segment. Continuous training sessions to resolve business complexities further enable retailers to gain expertise in newly adopted software.<\/p>\n

Cloud segment to grow at a higher CAGR during the forecast period<\/strong><\/p>\n

The increasing use of the internet, along with the high adoption of innovative technologies, such as the web, mobile, social media, and analytics supplement the growth of cloud-based image recognition techniques. Retailers deploy image recognition software solutions on-premises to encourage and strengthen marketing endeavors, which involve high costs with limited scalability. This has encouraged retailers to adopt cloud-based image recognition solutions as they do not involve high upfront costs. Cloud-based services reduce licensing costs, cut down on unnecessary IT staff, focus on maintenance, and offer retailers with greater flexibility to expand their business. However, to implement a cloud model deployment, enterprises first need to analyze the benefits of their existing set-up and those that a cloud-based service can give them. In addition, security concerns remain a critical issue that restricts its adoption; however, the security issue is gradually being eliminated through rigorous security tests of the highest standards by third parties<\/p>\n

Speak to Our Expert Analyst @ <\/strong>https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=181903303<\/a><\/p>\n

North America to lead the image recognition in retail market during the forecast period<\/strong><\/p>\n

North America is expected to account for the highest share of the image recognition in retail market in 2020. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adoption of advanced technologies. The North American region exhibits a wide presence of key industry players offering image recognition in retail software and services, and its financial position enables the region to invest majorly in leading tools and technologies for effective business operations.<\/p>\n

Google (US), Microsoft (US), AWS (US), IBM (US), Trax (Singapore), NEC Corporation (Japan), Qualcomm (US), Slyce (US), Catchoom (Spain), Intelligence Retail (US), Imagga (Bulgaria), Vispera (Turkey), Snap2Insight (US), ParallelDots (US), Clarifai (US), Deepomatic (France), Blippar (UK), Ricoh Innovations (US), LTU (France), ShelfWise (Poland), Trigo (Israel), Wikitude (Austria), Standard Cognition (US), Huawei (China), Honeywell (US), and Zippin (US) are some of the major companies operating in this market.<\/p>\n

Browse Adjacent Markets @ Software and Services Market Research<\/a><\/strong> Reports & Consulting<\/strong><\/p>\n

About MarketsandMarkets\"™\":<\/strong><\/p>\n

MarketsandMarkets\"™\" provides quantified B2B research on 30,000 high growth niche opportunities\/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets\"™\" for their pain points around revenues decisions.<\/p>\n

Our 850 fulltime analyst and SMEs at MarketsandMarkets\"™\" are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets\"™\" now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets\"™\" is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations\/disruptions early to the market by providing them research ahead of the curve.<\/p>\n

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.<\/p>\n

Contact:<\/strong><\/p>\n

Mr. Aashish Mehra<\/p>\n

MarketsandMarkets\"™\" INC.<\/p>\n

630 Dundee Road<\/p>\n

Suite 430<\/p>\n

Northbrook, IL 60062<\/p>\n

USA: 1-888-600-6441<\/p>\n

Email: sales@marketsandmarkets.com<\/a><\/p>\n

MnM Blog: https:\/\/mnmblog.org\/<\/a><\/p>\n

Visit Our Website: https:\/\/www.marketsandmarkets.com<\/a><\/p>\n

Content Source: https:\/\/www.marketsandmarkets.com\/PressReleases\/image-recognition-in-retail.asp<\/a><\/p>\n

Tags: Image Recognition in Retail Market growth<\/a>, Image Recognition in Retail Market share<\/a>, Image Recognition in Retail Market size<\/a>, Image Recognition in Retail Market<\/a><\/p>\n

See Campaign: <\/strong>http:\/\/www.marketsandmarkets.com\/Market-Reports\/image-recognition-in-retail-market-181903303.html<\/a>
Tags:<\/b>
<\/a>, IPS<\/a>, Wire<\/a>, iCN Internal Distribution<\/a>, Extended Distribution<\/a>, Research Newswire<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n","protected":false},"excerpt":{"rendered":"

According to a new market research report “Image Recognition in Retail Market by Technology (Code Recognition, Digital Image Processing) Component (Software and Services), Application (Visual Product Search, Security Surveillance), Deployment Type, and Region – Global Forecast to 2025″ published by MarketsandMarkets, the global image recognition in retail market size is expected to grow from USD … Continue reading Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0%<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5,67,57,4,54],"tags":[],"class_list":["post-68014","post","type-post","status-publish","format-standard","hentry","category-english","category-extended-distribution","category-icn-internal-distribution","category-ips","category-research-newswire","category-wire"],"yoast_head":"\nImage Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0% - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0% - Business\" \/>\n<meta property=\"og:description\" content=\"According to a new market research report “Image Recognition in Retail Market by Technology (Code Recognition, Digital Image Processing) Component (Software and Services), Application (Visual Product Search, Security Surveillance), Deployment Type, and Region – Global Forecast to 2025″ published by MarketsandMarkets, the global image recognition in retail market size is expected to grow from USD … Continue reading Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0% Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-09T15:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png\" \/>\n<meta name=\"author\" content=\"SamirS\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SamirS\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/\",\"url\":\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/\",\"name\":\"Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0% - Business\",\"isPartOf\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png\",\"datePublished\":\"2020-09-09T15:00:00+00:00\",\"author\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c8136aea533df6c8ecc6c0ac1fef1ca1\"},\"breadcrumb\":{\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#primaryimage\",\"url\":\"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png\",\"contentUrl\":\"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ipsnews.net\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ipsnews.net\/business\/#website\",\"url\":\"https:\/\/ipsnews.net\/business\/\",\"name\":\"Business\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ipsnews.net\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c8136aea533df6c8ecc6c0ac1fef1ca1\",\"name\":\"SamirS\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/57f95c6f961880f5bc4a8db448e8e3ba37f42f025b51de3369f698887f88c645?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/57f95c6f961880f5bc4a8db448e8e3ba37f42f025b51de3369f698887f88c645?s=96&d=mm&r=g\",\"caption\":\"SamirS\"},\"sameAs\":[\"https:\/\/icrowdnewswire.com\/fc\"],\"url\":\"https:\/\/ipsnews.net\/business\/author\/samirs\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0% - Business","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/","og_locale":"en_US","og_type":"article","og_title":"Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0% - Business","og_description":"According to a new market research report “Image Recognition in Retail Market by Technology (Code Recognition, Digital Image Processing) Component (Software and Services), Application (Visual Product Search, Security Surveillance), Deployment Type, and Region – Global Forecast to 2025″ published by MarketsandMarkets, the global image recognition in retail market size is expected to grow from USD … Continue reading Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0% Continue Reading →","og_url":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/","og_site_name":"Business","article_published_time":"2020-09-09T15:00:00+00:00","og_image":[{"url":"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png","type":"","width":"","height":""}],"author":"SamirS","twitter_card":"summary_large_image","twitter_misc":{"Written by":"SamirS","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/","url":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/","name":"Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0% - Business","isPartOf":{"@id":"https:\/\/ipsnews.net\/business\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#primaryimage"},"image":{"@id":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#primaryimage"},"thumbnailUrl":"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png","datePublished":"2020-09-09T15:00:00+00:00","author":{"@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c8136aea533df6c8ecc6c0ac1fef1ca1"},"breadcrumb":{"@id":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#primaryimage","url":"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png","contentUrl":"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png"},{"@type":"BreadcrumbList","@id":"https:\/\/ipsnews.net\/business\/2020\/09\/09\/image-recognition-in-retail-market-projected-to-reach-3-7-billion-by-2025-with-a-remarkable-cagr-of-22-0\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ipsnews.net\/business\/"},{"@type":"ListItem","position":2,"name":"Image Recognition in Retail Market projected to reach $3.7 billion by 2025, with a remarkable CAGR of 22.0%"}]},{"@type":"WebSite","@id":"https:\/\/ipsnews.net\/business\/#website","url":"https:\/\/ipsnews.net\/business\/","name":"Business","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ipsnews.net\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/c8136aea533df6c8ecc6c0ac1fef1ca1","name":"SamirS","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/57f95c6f961880f5bc4a8db448e8e3ba37f42f025b51de3369f698887f88c645?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/57f95c6f961880f5bc4a8db448e8e3ba37f42f025b51de3369f698887f88c645?s=96&d=mm&r=g","caption":"SamirS"},"sameAs":["https:\/\/icrowdnewswire.com\/fc"],"url":"https:\/\/ipsnews.net\/business\/author\/samirs\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/68014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/comments?post=68014"}],"version-history":[{"count":0,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/68014\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/media?parent=68014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/categories?post=68014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/tags?post=68014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}