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Image Recognition in Retail Market Share

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Report ID: 4964
Published Date: Oct 14, 2024
Report Format: PDF, PPT

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Image Recognition in Retail Market Share

North American Market Forecast

The market share of image recognition in retail in North America, is anticipated to grow rapidly by 2037, backed by the growing adoption of Artificial Intelligence (AI) in the field of digital shopping and e-commerce.

Moreover, vendors have been compelled to concentrate on creating distinctive products in order to stay competitive due to the growing competition among image recognition solution suppliers.

APAC Market Statistics

Asia Pacific market is estimated to account for significant revenue share through 2037. Rapid technical advancements, rising smartphone and tablet use, and the popularity of online streaming in developing nations such as China and India are all factors contributing to the industry expansion.

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Browse Key Market Insights with Data Illustration:

Image Recognition in Retail Market Size & Share, Forecast Report 2037

Author Credits: Abhishek Verma

Report ID: 4964
Published Date: Oct 14, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of image recognition in retail is evaluated at USD 5.37 billion.

The image recognition in retail market size was valued at USD 4.52 billion in 2024 and is likely to exceed USD 70.17 billion by the end of 2037, expanding at over 23.2% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by a growing focus on customer satisfaction, a rise in the establishment of physical retail stores, and a surge in the adoption of smartphones.

North America industry share is anticipated to grow rapidly by 2037, backed by growing adoption of Artificial Intelligence (AI) in the field of digital shopping and e-commerce.

The major players in the market include Amazon.com, Inc., Attrasoft, Inc., Blippar, Google LLC, Hitachi, Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., IBM Corp., Intelligent Retail, LTU Technologies.

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