The Global Visual Search Market is estimated to surpass $14,727m by 2023 growing at CAGR +9% during the forecast period 2018-2023.
Visual search is the act of identifying a specific predetermined target among other distractions. A Visual search engine automatically collects the visual information from the web and classifies the image and video data accordingly. The Increasing efficiency of these visual search engines along with the major investments in this technology is will surely escalate the growth of Visual Search Market in the near future. 62% of Millennials desire the ability to visually search over any other new technology, and the likes of Google, Amazon, Pinterest and Bing have already developed significant capabilities in this area.
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Visual Search statistics below demonstrate:
-Images are returned for 19% of search queries on Google
-There are over 600 million visual searches on Pinterest each month. Image-based Pinterest Ads have an 8.5% conversion rate, and Pinterest is projected to clear $1 billion a year in ad revenue by 2020
-The image recognition market is expected to grow to $25.65 billion by 2019
-By 2021, early adopter brands which redesign their websites to support visual and voice search will increase digital commerce revenue by 30%.
Top Key Players:
• Google (U.S.)
• Clarifai (U.S.)
• Veritone (U.S.)
• Slyce (Canada)
• ViSenze (Singapore)
• Ever AI (U.S.)
The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers & acquisitions, partnerships, collaborations, and contracts adopted by the major players are also identifies and analyzed in the report.
Visual Search Market by Type:
• Image Search
• Video Search
Visual Search Market by End-Use:
• Electronics & Others
This Visual Search Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The quantitative and qualitative data collected for the Visual Search Market report is from a combination of secondary and primary sources. To track Visual Search Market, a team of domain specific experienced analysts and experts at conducts extensive primary and secondary research to collect the raw data.
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The most basic step undertaken by the experts is the SWOT analysis depicting the multidimensional prospects, which ultimately gives a clear picture of the market’s future growth. It also aids the reader in understanding the business feasibility by giving a valuable insight into the impact of recent developments on the commercial aspect.
Table of Content:
Global Visual Search Market Research Report
Chapter 1 Global Visual Search Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Market Analysis by Application
Chapter 8 Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Visual Search Market Forecast
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This release was published on openPR.