Press Resease

Visual Search Market by Offering (Image Search and Search Recommendation) and by Vertical (Consumer Goods, Retail, Automotive, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027

Published Date: 21-May-2019 Category: Technology & Media Report Format : PDF Pages: 190 Report Code: ZMR-4140 Status : Published

Global visual search market expected to generate around USD 28,470 million by 2027, at a CAGR of 17.5% between 2019 and 2027. The rising adoption of machine learning in visual search and the growing use of visual search in e-commerce are expected to propel the growth of the visual search market globally.

Description

The report covers a forecast and an analysis of the visual search market on a global and regional level. The study provides historical data from 2017 to 2018 and a forecast from 2019 to 2027 based on revenue (USD Million). The study includes the drivers and restraints of the visual search market along with their impact on the demand over the forecast time period. Additionally, the report includes the study of opportunities available in the visual search market on a global level.

In order to give the users of this report a comprehensive view of the visual search market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Visual Search Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new type launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.

The study provides a decisive view of the visual search market is fragmented into offering, vertical, and region. By geography, the visual search market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa with its further classification into major countries including the U.S., Mexico, Canada, U.K., Germany, France, Spain, China, Japan, Australia, India, Brazil, etc.

Some key players operating in the global visual search market are Alphabet, Amazon.com, BlipparClarifai, Cortexica Vision Systems, Goxip.com, Microsoft, Pinterest, Shopagon, Slyce Acquisition, Snap Inc., Syte.ai, TinEye, Turing Analytics, Veritone, ViSenze, and Wide Eyes Technologies.

This report segments the global visual search market into:

Global Visual Search Market: Offering Analysis

  • Image Search
  • Search Recommendation

Global Visual Search Market: Vertical Analysis

  • Consumer Goods
  • Retail
  • Automotive
  • Healthcare
  • Others

Global Visual Search Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Visual Search Market, 2017-2027 (USD Million)
    • 2.2. Global Visual Search Market: Snapshot
  •  
  • Chapter 3. Visual Search Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Visual Search Market drivers: impact analysis
      • 3.2.2. Advantages in E-Commerce
      • 3.2.3. Use of Machine Learning in Visual Search
    • 3.3. Market Restraints
      • 3.3.1. Global Visual Search Market restraints: impact analysis
      • 3.3.2. Low Accuracy of Search Results
      • 3.3.3. Visual Search Errors
    • 3.4. Opportunities
      • 3.4.1. Use of Chatbots in Visual Search
      • 3.4.2. Mobile-based Visual Search
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by Offering
      • 3.6.2. Market attractiveness analysis, by Vertical
      • 3.6.3. Market attractiveness analysis, by region
  •  
  • Chapter 4. Global Visual Search Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Visual Search Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Visual Search Market -Offering Analysis
    • 5.1. Global Visual Search Market: Offering Overview
      • 5.1.1. Global Visual Search Market revenue share, by Offering, 2018 and 2027
    • 5.2. Image Search
      • 5.2.1. Global Visual Search Market for Image Search, 2017-2027 (USD Million)
    • 5.3. Search Recommendation
      • 5.3.1. Global Visual Search Market for Search Recommendation, 2017-2027 (USD Million)
  •  
  • Chapter 6. Global Visual Search Market- Vertical Analysis
    • 6.1. Global Visual Search Market: Vertical Overview
      • 6.1.1. Global Visual Search Market revenue share, by Vertical, 2018 and 2027
    • 6.2. Consumer Goods
      • 6.2.1. Global Visual Search Market for Consumer Goods, 2017-2027 (USD Million)
    • 6.3. Retail
      • 6.3.1. Global Visual Search Market for Retail, 2017-2027 (USD Million)
    • 6.4. Automotive
      • 6.4.1. Global Visual Search Market for Automotive, 2017-2027 (USD Million)
    • 6.5. Healthcare
      • 6.5.1. Global Visual Search Market for Healthcare, 2017-2027 (USD Million)
    • 6.6. Others
      • 6.6.1. Global Visual Search Market for Others, 2017-2027 (USD Million)
  •  
  • Chapter 7. Global Visual Search Market - Regional Analysis
    • 7.1. Global Visual Search Market: regional overview
      • 7.1.1. Global Visual Search Market revenue share, by region, 2018 and 2027
    • 7.2. North America
      • 7.2.1. North America Visual Search Market Revenue, by Offering, 2017-2027 (USD Million)
      • 7.2.2. North America Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.2.3. The U.S.
        • 7.2.3.1. The U.S. Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.2.3.2. The U.S. Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.2.4. Canada
        • 7.2.4.1. Canada Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.2.4.2. Canada Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
      • 7.3.2. Europe Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.3.3. U.K.
        • 7.3.3.1. U.K. Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.3.3.2. U.K. Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.3.4. Germany
        • 7.3.4.1. Germany Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.3.4.2. Germany Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.3.5.2. France Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.3.6. Italy
        • 7.3.6.1. Italy Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.3.6.2. Italy Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.3.7. Spain
        • 7.3.7.1. Spain Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.3.7.2. Spain Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.3.8. Rest of Europe
        • 7.3.8.1. Rest of Europe Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.3.8.2. Rest of Europe Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
      • 7.4.2. Asia Pacific Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.4.3.2. China Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.4.4.2. Japan Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.4.5. India
        • 7.4.5.1. India Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.4.5.2. India Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.4.6. Australia
        • 7.4.6.1. Australia Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.4.6.2. Australia Visual Search Market revenue, by Vertical, 2017-2027 (USD Million) India
      • 7.4.7. Rest of Asia Pacific
        • 7.4.7.1. Rest of Asia Pacific Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.4.7.2. Rest of Asia Pacific Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
      • 7.5.2. Latin America Visual Search Market revenue, by Vertical, 2017-2027 (USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.5.3.2. Brazil Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.5.4. Rest of Latin America
        • 7.5.4.1. Rest of Latin America Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.5.4.2. Rest of Latin America Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
      • 7.6.2. The Middle East and Africa Visual Search Market revenue, by type, 2017-2027 (USD Million)
      • 7.6.3. GCC Countries
        • 7.6.3.1. GCC Countries Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.6.3.2. GCC Countries Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.6.4. South Africa
        • 7.6.4.1. South Africa Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.6.4.2. South Africa Visual Search Market Revenue, by Vertical, 2017-2027 (USD Million)
      • 7.6.5. Rest of MEA
        • 7.6.5.1. Rest of MEA Visual Search Market revenue, by Offering, 2017-2027 (USD Million)
        • 7.6.5.2. Rest of MEA Visual Search Market revenue, by Vertical, 2017-2027 (USD Million)
  •  
  • Chapter 8. Company Profile
    • 8.1. Alphabet
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Amazon.com
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. BlipparClarifai
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Cortexica Vision Systems
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Goxip.com
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Microsoft
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Pinterest
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Shopagon
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Slyce Acquisition
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Snap Inc.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. Syte.ai
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. TinEye
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product portfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments
    • 8.13. Turing Analytics
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product portfolio
      • 8.13.4. Business strategy
      • 8.13.5. Recent developments
    • 8.14. Veritone
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Product portfolio
      • 8.14.4. Business strategy
      • 8.14.5. Recent developments
    • 8.15. ViSenze
      • 8.15.1. Overview
      • 8.15.2. Financials
      • 8.15.3. Product portfolio
      • 8.15.4. Business strategy
      • 8.15.5. Recent developments

Methodology

Free Analysis

Visual search has been gathering up some vapor over the last few years, as the technology is being enhanced to deliver users with apt search results. The keyword(s) that a viewer is looking for is called the target, whereas non-target items are named distractors. Visual search uses an image as a request instead of text (visual search in the form of opposite image search). The search classifies objects inside the image and then finds images relevant to those objects. To perform a precise visual search, search engines require various advanced procedures as compared to traditional image search.

The use of machine learning in visual search has several advantages across various industry verticals, which is the key factor propelling the growth of the visual search market globally. Visual search also helps individuals to identify their exact requirement by suggesting images of relevant products to the customers. The growing adoption of machine learning in visual search is also boosting this market’s growth notably. The rising competition among the major players operating in the global visual search market is likely to develop an advanced platform for visual search and high recognition for newer technologies, which is expected to further propel the growth of the visual search market in the upcoming years. However, the lack of accuracy of search results may hamper the visual search market growth. The change in appearance decreases the accuracy of the search results, which is another market restraint.

Global Visual Search Market

The visual search market is fragmented based on offering and vertical. On the basis of offering, the global visual search market includes image search and search recommendation. On the basis of vertical, the global visual search market is categorized into consumer goods, retail, automotive, healthcare, and others.

By geography, North America accounted for a major share of the global visual search market in 2018 and is expected to remain dominant over the forecast time period as well. The rising number of incorporation mobile computing platforms and image search in the field of e-commerce and digital shopping is boosting the North American visual search market. The Asia Pacific visual search market is expected to register the highest growth over the estimated timeline in the future, owing to the growing applications of facial recognition in surveillance and security systems in China.

Some key players operating in the global visual search market are Alphabet, Amazon.com, BlipparClarifai, Cortexica Vision Systems, Goxip.com, Microsoft, Pinterest, Shopagon, Slyce Acquisition, Snap Inc., Syte.ai, TinEye, Turing Analytics, Veritone, ViSenze, and Wide Eyes Technologies.

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