The global image recognition in CPG market is expected to grow at a significant CAGR during the forecast period (2021-2027). The increasing need for efficient and profitable retail execution processes with adherence to compliance standards is one of the major factors expected to drive the growth of this market.
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Image recognition solutions are revolutionizing the way CPG companies manage customer interactions, market products online and offline, and manage store inventory. Image recognition technology is increasingly being used to search for products online for purchase. For instance, Snapchat’s parent company, Snap, is currently working on developing a visual product feature in Snapchat that will leverage image recognition technology and help users to take pictures of products in the real world and identify, browse, and purchase items on Amazon.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Image Recognition In CPG Market by Segment
By Component
- Hardware
- Solutions
- Services
By Application
- Inventory Analysis
- Product
- Shelf Monitoring Analysis
- Gauging Emotions
By Deployment Mode
- Cloud
- On-Premise
Global Image Recognition In CPG Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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