Global Image Recognition In Retail Market

Image recognition is a machine or software's ability to identify an image's contents. The contents can be objects, places, persons, and so on. The image recognition technology can be paired with built-in cameras to perform desired activities. These are used to perform machine-based visual tasks such as labeling the content of images with meta-tags, performing image search, remotely guiding robots or self-driving cars, and so on. The main techniques of image recognition are QR/ barcode recognition, object recognition, facial recognition, pattern recognition, and optical character recognition. The QR/barcode recognition are used for tracking and storing product information in supply chains. A QR code is a type of code that stores information as a series of pixels in a square-shaped grid and can be read by digital devices easily. The image recognition is deployed on cloud and on-premises using image recognition hardware, software, and service. The image recognition is applied in augmented reality, scanning and imaging, security and surveillance, marketing and advertising, and image search. The image recognition is used by retail and e-commerce, media and entertainment, BFSI, automobile and transportation, IT and telecom, government, healthcare, and other verticals. The image recognition market research report is one of a series of new reports from The Business Research Company that provides image recognition market statistics, including image recognition industry global market size, regional shares, competitors with an image recognition market share, detailed image recognition market segments, market trends and opportunities, and any further data you may need to thrive in the image recognition industry. This image recognition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global image recognition market size grew from $40.44 billion in 2022 to $47.52 billion in 2023 at a compound annual growth rate (CAGR) of 17.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The image recognition market size is expected to grow to $91.58 billion in 2027 at a CAGR of 17.8%. The increasing demand for security applications and products enabled with image recognition functions is driving the image recognition market forward. Security applications of image recognition include facial recognition services. Facial recognition is the use of image recognition technology to identify people in images. Facial recognition has increased due to the rise in terrorist acts, cyberattacks, and identity theft worldwide. For instance, in 2020, according to a report by the U.S. Government Accountability Office, a department of the U.S. government, out of 24 surveyed agencies, 18 were using facial recognition technology for security purposes and 10 agencies were planning to expand their use of FRT throughout 2023. As a result, the growing demand for security applications enabled with image recognition is propelling the image recognition market forward. Technological advancements are a key trend gaining popularity in the image recognition market. Major companies in the image recognition market are introducing new technologies such as augmented reality to sustain the market. The fusion of digital data with the user's surroundings in real time is known as augmented reality (AR). AR users encounter a real-world environment with created perceptual information superimposed on top of it using visual, audio, or other sensory data onto the physical world. For instance, in November 2021, Qualcomm, a US-based semiconductor company, introduced Snapdragon Spaces XR Developer Platform, an augmented reality (AR) developer kit designed to enable the expansion of existing apps and the creation of new ones that take advantage of AR devices. As a result of Snapdragon Spaces platform, developers will have the tools to create headworn AR experiences that are able to sense and intelligently interact with the user and adapt to their physical indoor environments. Few of the marquee environmental understanding features includes spatial mapping and meshing, occlusion, plane detection, object and image recognition and tracking, and other features. With the integration of image recognition and SLAM technology, the company is developing the technology considerably further to enable full augmented reality rendering via a web browser, which was previously only feasible on native apps. In July 2021, FORM, a US-based integrated task management and image recognition company, acquired ShelfWise for an undisclosed amount. The acquisition would enable FORM to create an end-to-end platform for making frontline work even easier for enterprise teams across various sectors. ShelfWise is a US-based image recognition platform to recognize products and prices on retail shelves. Major players in the image recognition market are Attrasoft Inc., Google LLC, Catchoom Technologies S.L., Hitachi Ltd., Honeywell International Inc., LTU Technologies, NEC Corporation, Qualcomm Technologies Inc., Slyce Acquisition Inc., Wikitude GmbH, Huawei Technologies Co. Ltd., Toshiba Corporation, Oracle Corporation, Partium.io, INTEL CORPORATION, Ricoh innovations Ltd., Clarifai Inc., and Deepomatic. North America was the largest region in the image recognition market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the image recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the image recognition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The image recognition market includes revenues earned by entities by providing code recognition, digital image processing, and sensors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global image recognition market is segmented - 1) By Technique: QR/ Barcode Recognition, Object Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition 2) By Deployment: Cloud, On-Premises 3) By Component: Hardware, Software, Service 4) By Application: Augmented Reality, Scanning And Imaging, Security And Surveillance, Marketing And Advertising, Image Search 5) By Vertical: Retail And E-commerce, Media And Entertainment, BFSI, Automobile And Transportation, IT And Telecom, Government, Healthcare, Other Verticals

Retailers are independent organizations in the distribution channel for consumer goods that buy goods from wholesalers or direct from producers, break bulk, store goods, display goods for sale either physically or online, sell to ultimate users and sometimes deliver. Wholesalers are independent organizations in the distribution channel for consumer goods that buy in bulk, store goods, break bulk and sell merchandise primarily to retailers, professional authorities or to other wholesalers rather than to consumers. The main types of retail and wholesale are retail and wholesale. Retail refers to the sale of items to the general public in relatively small amounts to be used or consumed rather than reselling them. The ownership forms include wholesale/distribution chains and independent wholesalers having premium, mid-range, and economy prices. The retail and wholesale market research report is one of a series of new reports from The Business Research Company that provides retail and wholesale market statistics, including retail and wholesale industry global market size, regional shares, competitors with a retail and wholesale market share, detailed retail and wholesale market segments, market trends and opportunities, and any further data you may need to thrive in the retail and wholesale industry. This retail and wholesale market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global retail and wholesale market grew from $71,851.27 billion in 2022 to $77,227.77 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The retail and wholesale market is expected to grow to $99,195.76 billion in 2027 at a CAGR of 6.5%. Many retailers and wholesalers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for retailers to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the retail and wholesale markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the retail and wholesale markets will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The retail and e-commerce markets are increasingly investing in drones to reduce delivery times and increase profitability. A drone is an unmanned aerial vehicle (UAV) that is remotely controlled or flies autonomously using software-controlled flight plans in its systems. Using a drone for delivery allows retailers to cut costs and help provide customers with their products earlier than traditional delivery methods. For example, Amazon has been investing in its Prime Air deliveries via drones, which claim to complete the delivery within 30 minutes. Amazon has started delivery trials via drones in the UK but is still waiting for regulatory approval in the US. Major companies in the retail and wholesale market include Walmart Inc., Sinopec Limited, Amazon.com Inc., PetroChina Company Limited, AmerisourceBergen Corp, CVS Health Corporation, Costco Wholesale Corp, McKesson Corporation, Walgreens Boots Alliance Inc., and The Kroger Co. Asia-Pacific was the largest region in the retail and wholesale market in 2022. North America was the second-largest region in the retail and wholesale market. The regions covered in the retail and wholesale market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the retail and wholesale market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The retail and wholesale markets consist of revenue earned by entities by retailing and wholesaling merchandise. Retailers sell merchandise to the general public for personal or household consumption, but some also serve business and institutional clients. Wholesalers sell merchandise to other businesses and normally operate from a warehouse or office. This includes merchant wholesalers that sell goods on their own account and agents and brokers that arrange sales and purchases for others generally for a commission or fee. Retailers and wholesalers take ownership of the goods and bear the risk of carrying inventory. They also reduce the total number of transactions required for the process of transferring goods from producers to consumers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global retail and wholesale market is segmented - 1) By Type: Retail, Wholesale 2) By Ownership: Retail Chain/Wholesale Chain, Independent Retailer/Independent Wholesalers 3) By Price Range: Premium, Mid-Range, Economy 4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Department Stores, Specialty Stores, Online, Other Distribution Channels Subsegments Covered: Motor Vehicle And Parts Dealers, Food And Beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics And Personal Care Stores, Clothing And Clothing Accessories Stores, Electronics And Appliance Stores, Furniture And Home Furnishings Stores, Supermarkets And Hypermarkets, Convenience, Mom And Pop Stores, Department Stores And Other General Merchandise Stores, Ecommerce And Other Non-Store Retailers, Building Material and Garden Equipment and Supplies Dealers, Pharmacies and Healthcare Stores, Sporting Goods, Hobby, Musical Instrument, and Book Stores,, Non-Durable Goods Wholesalers, Wholesale Electronic Markets And Agents And Brokers, Durable Goods Wholesalers

Wholesale refers to sale of goods in large quantities to distributers who further sell it to the end-users or other distributers. Wholesale trade comprises purchasing, storing, and selling merchandise to retailers or other wholesalers and providing related services such as breaking bulk. The major types of wholesalers are non-durable goods merchant wholesalers, wholesale electronic markets and agents and brokers, and durable goods merchant wholesalers. The non-durable wholesalers sell products that need to be purchased often, like food items, petrol, and so on. The ownership forms include wholesale/distribution chains and independent wholesalers having premium, mid-range, and economy prices. The wholesale market research report is one of a series of new reports from The Business Research Company that provides wholesale market statistics, including wholesale industry global market size, regional shares, competitors with a wholesale market share, detailed wholesale market segments, market trends and opportunities, and any further data you may need to thrive in the wholesale industry. This wholesale market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global wholesale market grew from $45,672.51 billion in 2022 to $48,883.25 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wholesale market is expected to grow to $61,529.93 billion in 2027 at a CAGR of 5.9%. The wholesale market is expected to benefit from the steady economic growth forecast for many developed and developing countries. According to International Monetary Fund (IMF), the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the wholesale market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the wholesale market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The use of analytics in the wholesale trade market is enhancing supply chain efficiencies by anticipating the future demand of the customer. Predictive analytics uses historic data to predict future events. Some of the applications where wholesale trade companies use predictive analytics are to project profitability, model business scenarios, and improve marketing campaigns. For instance, HD Smith, a pharmaceutical wholesale distributor, implemented analytics to streamline their operations, manage their inventory, and perform profitability analysis. Major companies in the wholesale market include AmerisourceBergen Corp, Cardinal Health Inc., Walmart Inc., Sinopharm, Sysco Corp, Berkshire Hathaway Inc., Brueder Mannesmann AG, Lowe's Companies Inc., Itochu Corp, and Tech Data. Asia-Pacific was the largest region in the wholesale market in 2022. North America was the second-largest region in the wholesale market. The regions covered in the wholesale report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the wholesale market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The wholesale market includes revenues earned by entities by providing wholesale services by merchant wholesalers, specialty wholesalers, and general wholesalers. The market value includes the value of related goods sold by the service provider or included within the service offering. The wholesale market also includes sales of food, hard or durable goods, soft goods and art goods. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global wholesale market is segmented - 1) By Type: Non-Durable Goods Wholesalers, Wholesale Electronic Markets And Agents And Brokers, Durable Goods Wholesalers 2) By Ownership: Wholesale/Distribution Chain, Independent Wholesalers 3) By Price Range: Premium, Mid-Range, Economy Subsegments Covered: Paper And Paper Product Wholesalers, Drugs And Druggists Sundries Wholesalers, Apparel, Piece Goods, And Notions Wholesalers, Grocery And Related Product Wholesalers, Farm Product Raw Material Wholesalers, Chemical And Allied Products Wholesalers, Petroleum And Petroleum Products Wholesalers, Beer, Wine, And Distilled Alcoholic Beverage Wholesalers, Miscellaneous Nondurable Goods Wholesalers, Business to Business Electronic Markets, Wholesale Trade Agents and Brokers, Motor Vehicle And Motor Vehicle Parts And Supplies Wholesalers, Furniture And Home Furnishing Wholesalers, Lumber And Other Construction Materials Wholesalers, Professional And Commercial Equipment And Supplies Wholesalers, Metal And Mineral (except Petroleum) Wholesalers, Household Appliances And Electrical And Electronic Goods Wholesalers, Hardware, And Plumbing And Heating Equipment And Supplies Wholesalers, Machinery, Equipment, And Supplies Wholesalers, Miscellaneous Durable Goods Wholesalers

The 2D (two-dimensional) barcode is a graphical image that stores information horizontally and vertically. The 2D barcode reader is used to scan the pictures of both 1D and 2D barcodes. The 2D barcode reader, also known as area imagers, involves optimization of images for contrast and then decoding them to extract information out of the barcode. This increases the efficiency of the business by minimising the time required to interpret the information about the products and services. 2D barcode readers are being used in various industries as they are accomplished at storing data related to products and services. The main types of 2D barcode readers include corded and cordless. The cord or wired scanner in the 2D barcode reader consists of sales of cord barcode readers by entities (organizations, sole traders, and partnerships) that are able to keep charge for an extended period of time as it is always connected to the system. These barcode readers operate through a USB cord plugged into the computer. The cordless or wireless scanner in the 2D barcode reader consists of sales of cordless barcode readers by entities (organizations, sole traders, and partnerships) that enable users to scan items within a certain range radius. These barcode readers use built-in Bluetooth to scan the items. The cordless scanner can be connected to computers as well as smartphones. The main applications of 2D barcode readers include warehousing, logistics, e-commerce, and factory automation. 2D Barcode Readers are used in retail, hospitality, transportation and logistics, manufacturing, healthcare, and other industries. The 2D barcode reader research report is one of a series of new reports from The Business Research Company that provides 2D barcode reader statistics, including 2D barcode reader industry global market size, regional shares, competitors with 2D barcode reader shares, detailed 2D barcode reader segments, market trends and opportunities, and any further data you may need to thrive in the 2D barcode reader industry. This 2D barcode reader research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global 2D barcode reader market size grew from $6.35 billion in 2022 to $6.87 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The 2D barcode reader market size is expected to grow to $9.31 billion in 2027 at a CAGR of 7.9%. The increase in demand in the e-commerce and logistics sectors is expected to propel the growth of the 2D barcode reader market over the coming years. The growing incidence of online shopping is considered as one of the driving factors for the growth in the e-commerce and logistics sectors, leading to the deployment of more distribution centres and warehouses and driving the 2D barcode reader industry. The Indian market for e-commerce increased by 36% in 2020 and is expected to reach up to USD 111 billion by 2024, leading to the increasing growth rate of the 2D barcode reader market as well. Therefore, the growing e-commerce and logistics industries drive the 2D barcode reader market. The development of technologically advanced reader systems across the market is a key trend gaining popularity in the 2D barcode reader market. The various technologically advanced barcode readers implemented across the market are comprised of QR codes, Data Matrix, PDF417, Aztech 2D, machine vision, digital image scanning, RFID, decoding technology, etc. Many companies operating 2D barcode readers are adopting RFID technology. For instance, in December 2021, Denso Wave launched an SP1 scanner with an autopilot function. It is an advancement to the RFID scanner which enables smart devices to turn into high-speed UHF RFID scanners. The addition of autopilot functionality to the RFID scanner allows the scanning to be operated with doubled speed and manage more complex data as well. Furthermore, RGID tags and Near Field Communication (NFC) technology are popular, so demand for 2D barcode scanners is expected to rise. In June 2021, Brady Corporation, an American-based security software provider company, acquired the Code Corporation, a leading barcode scanner provider, for approximately $173 million. With this acquisition, Brady Corporation aims to extend the portfolio of barcode reader devices and software specifically used for industrial track-and-trace applications. Code Corporation is a 2D barcode reader manufacturer based in the United States. Major players in the 2D barcode reader market are Denso Wave Incorporated, Casio Computer Co., Ltd., Cognex Corporation, Datalogic S.p.A., Honeywell International, Inc., General Data Co., Inc., JADAK-A Novanta Company, Juniper Systems Inc., Keyence Corporation, Marson Technology Co., Ltd., Omron Microscan Systems, Inc., Sato Holdings Corporation, Scandit, Sick AG, Unitech Electronics Co., Ltd. Asia-Pacific was the largest region in the 2D Barcode Reader market in 2022. MEA is expected to be the fastest-growing region in the forecast period. The regions covered in the 2D barcode market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the 2D barcode reader market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The 2D barcode reader market consists of sales of illumination system, sensor, and the decoder. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global 2D barcode reader market is segmented - 1) By Type: Fixed, Portable 2) By Reader Type: Cord, Cordless 3) By Application: Warehousing, Logistics, E-Commerce, Factory Automation 4) By End User: Retail, Hospitality, Transportation and logistics, Manufacturing, Healthcare, Others

A scanner is a device that captures images from photographic prints, posters, magazine pages, and other sources for computer editing and display. It converts images on a document into digital information that can be stored on a computer through optical character recognition. The main types of scanner are flatbed scanners, sheet-fed scanners, drum scanners, handheld scanners and others. A flatbed scanner is an optical that provides a flat, glass surface to for scanning documents. The scanner is distributed through online store and offline store. They are mainly used for individual use and commercial use. The scanner market research report is one of a series of new reports from The Business Research Company that provides scanner market statistics, including scanner industry global market size, regional shares, competitors with a scanner market share, detailed scanner market segments, market trends and opportunities, and any further data you may need to thrive in the scanner industry. This scanner market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global scanner market size will grow from $2.52 billion in 2022 to $2.68 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global scanner market size is expected to grow to $3.34 billion in 2027 at a CAGR of 5.7%. The increasing demand for sheet-fed scanners is expected to fuel the growth of the scanner market during the forecasted period. A sheetfed scanner is a computer scanning device primarily designed to scan loose sheets of paper. The sheetfed scanners are widely used by businesses to scan office documents. Most of the businesses prefer paper digitization because scanning cuts the cost of document management. It cuts the cost of paper, small supplies such as staplers, scissors, tape, glue, pen, pencils and also save spaces in the office premises as there is no paper records space required with digitization. Therefore, the increasing demand for digitization is expected to increase the demand for sheet-fed scanners, thus driving the scanner market during the period. The availability of alternatives such as scanning documents through smartphones is expected to hinder the growth of the demand for scanners market during the forecasted period. With advancements in technology, smartphones are available with scanning features that can also provide 3D scanning. For instance, in March 2021, Google LLC., a US-based technology company, launched smartphone application called Stack that will enable document scanning by users. The program is meant to assist users in digitizing their paperwork, including receipts and other papers. The startup claims that the app can quickly scan a variety of papers that are varying sizes, such as IDs, bills, and shopping receipts. All of these documents have been effortlessly arranged and converted to PDFs. The software may organize itself in accordance with the file's vital information with the aid of AI technology. Therefore, the availability of alternatives in scanning documents and images can restrain the market growth of scanners during the period. The technological advances is shaping the scanners market. Scanner-based businesses are continually investing in the creation of emerging technology to enhance their company revenue. For instance, in March 2020, Epson, a Japan-based Electronics company launched Epson WorkForce DS-3000 and DS-32000 A3 sheetfed scanners for business. With strong media versatility, these new scanners deliver high-speed image capture of up to 90ppm (180ipm), making them the perfect entry point to the digital workflow of an organization and capable of scanning a variety of documents, from large-bound documents to passports. Major players in the scanner market are Zebra Technologies, Hewlett-Packard, Fujitsu Limited, Canon Inc., Epson, Honeywell International Inc., Opticon, SATO Holdings Corporation, Metrologic Instruments, Epson America Inc., Seiko Epson Corporation, Xerox, Brother, DYMO, Colortrac, Imageaccess, Plustek and Visioneer. The Asia-Pacific was the largest region in the scanner market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global scanner market report during the forecast period. The regions covered in the global scanner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the scanner market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The scanner market consists of sales of scanners, which are input devices that can be connected to computers to optically scan images, print texts, handwritings or objects and convert them to digital images. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global scanner market is segmented - 1) By Type: Flatbed Scanner, Sheet-Fed Scanner, Drum Scanner, Handheld Scanner, Other Types 2) By End-User: Individual Use, Commercial Use 3) By Distribution Channel: Online Store, Offline Store

Retail refers to selling goods in small quantities to the end users. Retailing involves buying from wholesalers or direct from producers, breaking bulk, displaying goods for sale either physically or online, and sometimes delivery. The major types of retail are motor vehicle and parts dealers; food and beverage stores; gasoline stations; miscellaneous store retailers; cosmetics and personal care stores; clothing and clothing accessories stores; electronics and appliance stores; furniture and home furnishings stores; supermarkets; and hypermarkets; convenience; mom and pop stores; department stores and other general merchandise stores; e-commerce and other non-store retailers; building materials and garden equipment and supplies dealers; pharmacies; healthcare stores; and sporting goods, hobby, musical instrument, and book stores. A bookstore is a location of business where the principal commodity for sale is books. The ownership forms include wholesale and distribution chains and independent wholesalers that are distributed through supermarkets and hypermarkets, convenience stores, department stores, specialty stores, online and other distribution channels. The retail market research report is one of a series of new reports from The Business Research Company that provides retail market statistics, including retail industry global market size, regional shares, competitors with a retail market share, detailed retail market segments, market trends and opportunities, and any further data you may need to thrive in the retail industry. This retail market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global retail market grew from $26,178.76 billion in 2022 to $28,344.51 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The retail market is expected to grow to $37,665.83 billion in 2027 at a CAGR of 7.4%.. Many retailers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for retailers to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the retail market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms, including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province, of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity, with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the retail market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The retail and e-commerce markets are increasingly investing in drones to reduce delivery times and increase profitability. A drone is an unmanned aerial vehicle (UAV) that is remotely controlled or flies autonomously using software-controlled flight plans in its systems. Using a drone for delivery allows retailers to cut costs and help provide customers with their products earlier than traditional delivery methods. For example, Amazon has been investing in its Prime Air deliveries via drones, which claim to complete the delivery within 30 minutes. Amazon has started delivery trials via drones in the UK but is still waiting for regulatory approval in the US. Major companies in the market include Walmart Inc., Sinopec Limited, Amazon.com Inc., PetroChina Company Limited, CVS Health Corporation, Costco Wholesale Corp, The Kroger Co, McKesson Corporation, Walgreens Boots Alliance Inc., and JD.com Inc. Asia-Pacific was the largest region in the retail market in 2022. North America was the second-largest region in the retail market. The regions covered in the retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the retail market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The retail market includes revenues earned by entities by providing retail services through supermarkets, convenience stores, specialty stores, department stores, and warehouses. The market value includes the value of related goods sold by the service provider or included within the service offering. The retail market also includes sales of food, hard or durable goods, soft goods and art goods. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global retail market is segmented - 1) By Type: Motor Vehicle And Parts Dealers, Food And Beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics And Personal Care Stores, Clothing And Clothing Accessories Stores, Electronics And Appliance Stores, Furniture And Home Furnishings Stores, Supermarkets And Hypermarkets, Convenience, Mom And Pop Stores, Department Stores And Other General Merchandise Stores, Ecommerce And Other Non-Store Retailers, Building Material and Garden Equipment and Supplies Dealers, Pharmacies and Healthcare Stores, Sporting Goods, Hobby, Musical Instrument, and Book Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Department Stores, Specialty Stores, Online, Other Distribution Channels Subsegments Covered: Auto Parts And Accessories, Automobile Dealers, Other Motor Vehicle Dealers, Specialty Food Stores, Beer, Wine And Liquor Stores, Diesel - Retail, Gases, Gasoline - Retail, Other Gasoline Stations Hair Care Stores, Skin Care Stores, Cosmetics Stores, Clothing/Apparel Stores, Jewelry And Watch Stores, Optical Goods Stores, Footwear Stores, Hardware Suppliers And Security Stores, Consumer Electronics Stores, Furniture Stores, Home Furnishings Stores, Supermarkets, Hypermarkets, Convenience Stores, Mom And Pop Stores, Department Stores, Other General Merchandise Stores, E-Commerce, Vending Machine Operators, Direct Selling Establishments, Building Material and Supplies Dealers, Lawn and Garden Equipment and Supplies Stores, Pharmacies and Drug Stores, Other Health and Personal Care Stores, Sporting Goods Stores, Hobby, Toy, and Game Stores, Musical Instrument and Supplies Stores, Other Sporting Goods, Hobby, Musical Instrument, and Book Stores

Supermarket and hypermarkets are stores that are engaged in retailing of fresh, frozen, and canned foods and dry goods, such as tea, coffee, spices, sugar, and flour, as well as fresh fruits and vegetables, and fresh and prepared meats, fish, and poultry to ultimate users. The main types of supermarkets and hypermarkets are supermarkets and hypermarkets. A supermarket is a big retail establishment that sells food and other household items and is typically self-serve. The major types of ownerships are retail chains and independent retailers that have applications in consumer electronics, furniture, food and beverage, toy & stationery, personal care, cosmetics, home textile, dress, and other applications. The supermarkets and hypermarkets market research report is one of a series of new reports from The Business Research Company that provides supermarkets and hypermarkets market statistics, including supermarkets and hypermarkets industry global market size, regional shares, competitors with a supermarkets and hypermarkets market share, detailed supermarkets and hypermarkets market segments, market trends and opportunities, and any further data you may need to thrive in the supermarkets and hypermarkets industry. This supermarkets and hypermarkets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global supermarkets and hypermarkets market grew from $3,138.21 billion in 2022 to $3,373.9 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The supermarkets and hypermarkets market is expected to grow to $4,346.14 billion in 2027 at a CAGR of 6.5%. Supermarkets and hypermarkets are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for supermarkets and hypermarkets to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the supermarket and hypermarket market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the supermarkets and hypermarkets market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Supermarkets and hypermarkets are increasingly using blockchain technology to track product details such as source, manufacturing location, transportation modes. Blockchain technology can be described as a data structure that holds transactional records and ensures security, transparency, and decentralization. Due to rising awareness about healthy eating, shoppers are actively looking for the origin and methods of food production to understand the entire food supply chain. Food quality. Blockchain technology enables users to access labelling information on smartphones, giving the user in-depth tracking of data that ensures food quality. For instance, in March 2022, Zipmex, a Southeast Asia-based digital asset platform launched a blockchain powered supermarket in collaboration with Thailand’s Central Retail Corporation. Major companies in the supermarket and hypermarket market include The Kroger Co, Aldi, Schwarz Unternehmenstreuhand KG, Rewe Group, Albertsons Companies Inc., Koninklijke Ahold Delhaize N.V, Tesco PLC, Carrefour SA, Fonciere Euris SA, and J Sainsbury plc. North America was the largest region in the supermarkets and hypermarkets market in 2022. Western Europe was the second-largest region in the supermarkets and hypermarkets market. The regions covered in the supermarkets and hypermarkets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the supermarket and hypermarket market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The supermarket and hypermarket market includes revenues earned by entities by providing services through supermarkets and hypermarkets. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global supermarkets and hypermarkets market is segmented - 1) By Type: Supermarkets, Hypermarkets 2) By Ownership: Retail Chain, Independent Retailer 3) By Application: Consumer Electronics, Furniture, Food and Beverage, Toy And Stationery, Personal Care, Cosmetic, Home Textile, Dress, Other Applications

Department stores and other general merchandise stores are stores that are engaged in retailing new merchandise, such as apparel, jewelry, home furnishings, toys, groceries, and other merchandise. The main types of department and other general merchandise stores are department stores and other merchandise stores. A department store is a large store organised into departments that sell items such as furniture, apparel, electronics, footwear, cosmetics, and so on. Retail chains and independent retailers licenced as branded, branded licensed, and unbranded are owned by department and other general merchandise stores. The department stores & other general merchandise stores market research report is one of a series of new reports from The Business Research Company that provides department store and other general merchandise store market statistics, including department store and other general merchandise store industry global market size, regional shares, competitors with a department store & other general merchandise store market share, detailed department store and other general merchandise store market segments, market trends and opportunities, and any further data you may need to thrive in the department store and other general merchandise store industry. This department stores and other general merchandise stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global department stores & other general merchandise stores market grew from $2,539.94 billion in 2022 to $2,724.15 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The department stores & other general merchandise stores market is expected to grow to $3,468.52 billion in 2027 at a CAGR of 6.2%. Department stores and other general merchandise stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, the global retail analytics market will reach $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyse data, it will become easier for convenience, mom and pop stores to identify and meet the needs and expectations of their customers, which is expected to drive the market going forward. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the department store and other general merchandise store markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the department stores and other general merchandise stores market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Self-checkout technology is being widely used in department stores, specialty stores, and small convenience stores to automate payments. Self-checkout systems are integrated with a mobile software application to collect purchase data and to automatically receive payment. They make use of Near Field Communication (NFC) or quick response code (QR code), which is a machine-readable optical label. This eliminates the need for checkouts, queues, loading and unloading, and employees to operate the checkout counter. This type of automation reduces operational costs and saves time spent on manual billing. Self-checkout systems are being used extensively by retail stores in the USA and the UK. For instance, a survey on self-service checkouts in multiple countries found 90% of respondents use self-checkouts, of which Australia and Italy were leading. Wal-Mart has installed 10,000 self-checkout systems in its 1200 stores across the USA. Major companies in the department stores & other general merchandise stores market include Walmart Inc., Costco Wholesale Corp, Target Corporation, Carrefour SA, Dollar General, Aeon Co Ltd., Suning.com Group, Macy's Inc., Kohl’s, and Tesco PLC. North America was the largest region in the department stores & other general merchandise stores market in 2022. Asia-Pacific was the second-largest region in the department stores & other general merchandise stores market. The regions covered in the department stores & other general merchandise stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the department stores and other general merchandise stores market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The department stores and other general merchandise stores market includes revenues earned by entities by providing services through discount stores, off price stores, outlet stores, and category specific stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global department stores and other general merchandise stores market is segmented - 1) By Type: Department Stores, Other General Merchandise Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By License: Branded, Brand Licensed, Unbranded