Image Recognition in Retail Market 2020 Present Scenario on Growth Analysis and High Demand to 2025

The report titled “Image Recognition in Retail Market” sheds a concentrated focus on the Image Recognition in Retail industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.

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The Global Image Recognition in Retail Market size is expected to grow from an estimated value of 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.

Top Companies Profiled in the Image Recognition in Retail Market:

  • 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)
  • Zippin (US)

The recent COVID-19 pandemic is expected to impact the global retail industry. The prime impact of COVID-19 observed on the image recognition in retail market is reduction in in-store shoppers, resulting in a reduction in retail sales. Image recognition in retail includes technologies to improve the in-store experiences of customers.

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