Outlook on the Image Recognition in Retail Global Market to 2026 - by Technology, Component, Application, Deployment and Geography
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Outlook on the Image Recognition in Retail Global Market to 2026 - by Technology, Component, Application, Deployment and Geography
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The Global Image Recognition in Retail Market is estimated to be USD 1.5 Bn in 2020 and is expected to reach USD 3.7 Bn by 2025, growing at a CAGR of 20%.
Image Recognition means identifying a specific image and placing it in a predetermined category. It uses computer algorithms for digital image processing and thus helps in processing videos and removing blur images. The technology further allows images to convert into two or more defined dimensions, which categorize the digital image processing as multidimensional systems.
Image recognition in retail includes the technologies which help to enhance the in-store experiences of customers. The use of high bandwidth data services in the retail and BFSI sector can be attributed to the growth of the image recognition market. android devices with cameras are attracting vendors to invest in the market. Increasing demand for security in products and applications