Global Visual Search Market Overview:
Visual search is the act of identifying a precise programmed target among other distractions. A Visual search engine mechanically collects the visual information from the web and classifies the image and video data accordingly. They are also used in surveillance systems as they monitor huge amounts of video streams. Visual search is an emerging development in the world of artificial intelligence (AI) and machine learning (ML) which has the probable to transform how consumers find and buy productsIt has been found that approx. 62% of Millennials desire the ability to visually search over any other new technology. Some of the players profiled in the study are Amazon.com, Inc. (United States), Cortexica Vision Systems Ltd. (United Kingdom), Microsoft (United States), Slyce (United States), Snap Inc. (United States), TinEye (Canada), Veritone, Inc. (United States), ViSenze (Singapore), WIDE EYES TECHNOLOGIES (Spain), Google (United States) and Clarifai (United States)).
On the basis of geography, the market of Visual Search has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Consumer Goods will boost the Visual Search market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Adoption of Machine Learning
- Growing Popularity of Internet and Smartphones Among Population
- Growth in E- Commerce Industry Will drive The Market
- High Operation Cost Will Restraint the Market Expansion
- Increasing Use of Chatbots in Retail Industry
- Requirement of Appropriate Product Listing and Optimized Images
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Target Audience:Visual Search Providers, End-Use Industries, Governmental Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Visual Search market on the basis of product [Image Search and Search Recommendation] , application [Security Screening, Baggage Scanning and Navigation Systems], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Visual Search market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Visual Search industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Veritone (United States) and Ever AI (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Visual Search market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.