" Artificial intelligence in retail - Retailers using ai-computer vision recognition"

Global Computer Vision Market Research Report Information By Component (Hardware, Software), By Application (Face Recognition, Gesture Recognition, Character Recognition, Others) and By End-User (Agriculture, Automotive, Healthcare, Entertainment, Consumer Electronics, Transportation, Others) - Forecast till 2023Market OverviewThe intensifying call for equipping computers with vision similar to humans has generated considerable traction for the computer vision market globally.

The concept of computer vision as a scientific stream encompasses the technology and theory for creating artificial systems that acquire information from images or multi-dimensional data.

The development of virtual and augmented reality along with an upsurge in the demand for mobile devices are some of the driving factors for progress of the computer vision market.

Furthermore, the market for computer vision is anticipated to expand increasingly in the forecast period due to the use of the technology in military applications especially; as it is a potentially profitable revenue segment for the market.Factors such as high accuracy of computer vision systems, escalating need for automation, accessibility to robust & low-cost hardware, and availability of open source libraries are expected to provide the much needed push to the progress of the market.

As big data is also instrumental to what computer vision can achieve, the competitors who are currently growing their presence in the market have already established themselves as leaders in the big data market previously.

Additionally, the computer vision market is anticipated to attain further growth due to the indirect demand stemming from the market for deep learning.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5496Segmental AnalysisThe computer vision market globally includes segments on the basis of the component, application, and verticals.

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The Aviation industry includes everything from aircraft manufacturers, researchers, air safety specialists, businesses involved with the military, and increasingly companies that design produces, and/or make use of drones.That is a lot!

The impact of the Aviation industry is far more than just travel and tourism.The modern Aviation industry has given rise to a globalized market.

Globalization in businesses across countries and continents isn't hard at all anymore.

Before getting to know how it leads to these many opportunities, let us understand how important it is globally.The demand for the aviation industry is high because of the economical growth aspect.

Aviation has not only made global trade easier but has also increased the networking ability of businesses across the globe.The increase in demand has resulted in a drop in travel prices.

This results in more flying.

According to a research report "Artificial Intelligence in Retail Market by Type (Online, Offline), Technology (Machine Learning and Deep Learning, NLP), Solution, Service (Professional, Managed), Deployment Mode (Cloud, On-Premises), Application, Region - Global Forecast to 2022", published by MarketsandMarkets, the AI in retail market size is expected to grow from USD 994 million in 2017 to USD 5,034 million by 2022, at a Compound Annual Growth Rate (CAGR) of 38.3%.

The key factors driving the adoption of AI in retail market include increasing need to streamline omni-channel retailing and customer turnover.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36255973The machine learning and deep learning technology is expected to have the largest market share during the forecast periodIn terms of technology, the machine learning and deep learning segment is expected to continue to have the largest market share throughout the forecast period.

Organizations functioning in the retail industry are using machine learning and deep learning technology to offer more personalized experience to end-users as well as provide an interactive environment to them.

Further, the major reason for rising adoption can be attributed to the need for streamlining retail operations and to minimize efforts and to increase revenue for retailers.The visual search solution is expected to grow at a high CAGR in the global AI in Retail market during the forecast periodThe need for visual search solution is expected to grow due to its gaining popularity among e-retailers as well as shoppers.

This visual search solution is observing surge in demand due to its attractiveness of searching products by uploading pictures instead of basic text based search.

Also, searching through uploading images simplifies the search and increases the customer turnover for e-retailers as they can offer more options to shoppers for similar products.North America is expected to constitute the largest market share in the AI in Retail market and APAC is expected to grow the highest CAGR during the forecast period to grow at the highest CAGRIn terms of market share, North America is expected to continue to dominate the market with the highest market share among all regions during the forecast period.

The global AI in retail market is estimated to occupy a large revenue by growing at a CAGR of ~35% during the forecast period, i.e., 2022 – 2030, attributing to the rising investments in AI for developing applications to improve customer experience and increasing funding in various AI applications across the globe.

Apart from these, growing advent of business models is also expected to provide growth opportunities to the market in the upcoming years.The market is segmented by technology, component, deployment and application.

Based on technology, the natural language processing segment is anticipated to grab the largest market share during the forecast period on the back of the escalating funding to leverage voice-based technologies for developing interactive online conversational AI platforms.

Additionally, by application, the product optimization segment is projected to occupy the largest share in view of the growing focus of retailers on product planning and recommendation.Download Sample of This Strategic Report@ https://www.researchnester.com/sample-request-3516Geographically, the global AI in retail market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.

Asia Pacific region is evaluated to witness noteworthy growth in the market during the forecast period attributing to the rising number of retail companies taking up AI-based initiatives, and surge in adoption of intelligent algorithms among retailers in the region.The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

has also been covered and displayed in the research report.Growing Investments in AI to Develop Applications for Enhancing Consumer Experience to Expand MarketIn today’s world, every retail company is making efforts to strengthen its customer base for gaining an edge in the market.