The Image Recognition In Retail Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Image Recognition In Retail Market?
The market size of image recognition in retail has experienced significant expansion in recent years. The market, which was worth $2.38 billion in 2024, is expected to reach a value of $2.88 billion in 2025, reflecting a compound annual growth rate (CAGR) of 20.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Image Recognition In Retail Industry?
The Image Recognition In Retail market is predicted to reach a value of $6.09 billion in 2029, with a Compound Annual Growth Rate of 20.6%.
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What are the Key Growth Drivers Fueling the Image Recognition In Retail Market?
The key drivers in the image recognition in retail market are:
• Continued growth of online shopping and global expansion of e-commerce platforms
• The rise of visual search engines and improved in-store shopping experiences
• Increased demand for contactless shopping and products promoting sustainability and ethics
• Focus on personalized marketing campaigns, accessibility, and inclusivity.
Global Market Segmentation: Identifying Major Image Recognition In Retail Industry Segments
The image recognition in retail market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Type: Code Recognition, Digital Image Processing, Facial Recognition, Object Recognition, Other Types
3) By Deployment: On-Premises, Cloud
4) By Application: Scanning And Imaging, Image Search, Security And Surveillance, Augmented Reality, Marketing And Advertising, Other Applications
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What are the Emerging Trends Shaping the Future of the Image Recognition In Retail Market?
The key trends in the image recognition in retail market are:
• Integration of visual search capabilities is a major upcoming trend in the image recognition in retail market.
• The use of image recognition for personalized shopping recommendations is shaping the future of the retail market.
• The application of in-store customer analytics through image recognition is a rising trend.
• The implementation of real-time pricing and competitor analysis via image recognition is an innovative development in the retail sector.
Who Are the Top Competitors & Leading Players in the Image Recognition In Retail Market?
Major companies in the image recognition in retail market are:
• Catchoom Technologies S.L.
• Ricoh Innovations Corporation
• Blippar Ltd.
• Jumio Corporation
• Google LLC
• Wikitude GmbH
• Trax Retail Solutions Pte. Ltd.
• Snap2Insight Inc.
• Clarifai Inc.
• Slyce Inc.
• ParallelDots Inc.
• NEC Corporation
• Huawei Technologies Co. Ltd.
• Qualcomm Incorporated
• Amazon Web Services Inc.
• Zippin Inc.
• Vispera Information Technologies Ltd.
• Hitachi Ltd.
• NVIDIA Corporation
• International Business Machines Corporation
• Intel Corporation
• Toshiba Corporation
• Honeywell International Inc.
• Sharp Corporation
• Attrasoft Inc.
• Syte Visual Conception Ltd.
• Shutterstock Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the image recognition in retail market share in 2024
