Data Bridge Market Research analyses that the image recognition in consumer packaged goods (CPG) market is expected to reach USD 10.23 billion by 2030, which is USD 2.08 billion in 2022, at a CAGR of 22.00% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

"Image Recognition in Consumer Packaged Goods (C.P.G.) Market " is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. To get an idea about the detailed market insights and keep market place clearly in focus, such a wide-ranging market research report has to be there in the picture. The Image Recognition in Consumer Packaged Goods (C.P.G.) market analysis report makes available statistics on the current state of the industry and hence works as a valuable source of guidance and direction for companies and investors interested in this Image Recognition in Consumer Packaged Goods (C.P.G.) industry. Each of the topics of the report is researched and analyzed in detail for formulating a comprehensive Image Recognition in Consumer Packaged Goods (C.P.G.) market research report. The Image Recognition in Consumer Packaged Goods (C.P.G.) report has been worked upon with the best-practice models, comprehensive market analysis, and research methodologies so that clients attain perfect market segmentation and insights.

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Key Players Mentioned in the Image Recognition in Consumer Packaged Goods (C.P.G.) Market Research Report:

Qualcomm Technologies, Inc., Google L.L.C., Oracle, I.B.M., Honeywell International Inc., Hitachi, Ltd., Apple Inc., Microsoft, Amazon Web Services, Inc., TRAX IMAGE RECOGNITION, Catchoom Technologies S.L., Slyce Acquisition Inc., Toshiba Corporation., Huawei Technologies Co., Ltd., L.T.U. Tech, Imagga Technologies Ltd., Vispera Information Technologies, Blippar Ltd,Clarifai ,Inc.and Ricoh

Read Detailed Index of full Research Study @ https://www.databridgemarketresearch.com/reports/global-image-recognition-in-consumer-packaged-goods-cpg-market

Image Recognition in Consumer Packaged Goods (CPG) Market

Drivers

• Surging product launches

The surging product launches and other innovations by major market players is expected to drive the growth of the image recognition in consumer packaged goods (CPG) market. For instance, AWS has launched the upgraded version of its product named Amazon Rekognition In August 2019. The benefits of this product are emotion discovery, high efficiency of gender identification, and augmented functionality in face analysis features.

• Increasing demand for cloud-powered image recognition solutions

The accelerating demand for the cloud-powered image recognition solutions for aiding consumer packaged goods (CPG) representatives coupled with the major cloud companies such as Microsoft, AWS and Google heavily investing in improving their image recognition in the CPG market.  Cloud-powered image recognition solutions offering to optimize in-store and online retail execution which is witnessing huge surge and expected to drive the growth of the market.

 Opportunities

• Growing developments of advanced products and services

Growing developments of advanced services and products by market players offer numerous growth opportunities within the market. For instance, snap’s program of Snapchat’s parent company will allow users to take pictures of products in the real world and then direct them to browse similar products online. Moreover, walmart’s software proficient of gauging an emotional state of customer through the use of image recognition by scanning faces of consumer’s for signs of frustration or dissatisfaction. These advanced products will further augment the demand and growth of this technology immensely in upcoming years.

Restraints

• Increasing concern regarding data security

High installation cost of the image recognition in consumer packaged goods (CPG) services and current complications involved in implementing such programs are  some of the major factors which restrain the growth of the market during the forecast period of 2023-2030..

This image recognition in consumer packaged goods (CPG) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the image recognition in consumer packaged goods (CPG) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Based On The Image Recognition in Consumer Packaged Goods (C.P.G.) Industry Market Segmentations:

Component

• Hardware
• Solution
• Services

Deployment Type

• Cloud
• On-Premises

Application

• Inventory Analysis
• Product and Shelf Monitoring Analysis
• Auditing Product Placement
• Product Placement Trend Analysis
• Assessing Compliance and Competition
• Category Analysis
• Gauging Emotions

 End-User Type

• Online
• Offline

Image Recognition in Consumer Packaged Goods (C.P.G.) Market Report Objectives

• Analyzing the size of the Image Recognition in Consumer Packaged Goods (C.P.G.) market on the basis of value and volume
• accurately calculating the market shares, consumption, and other vital factors of different segments of the Image Recognition in Consumer Packaged Goods (C.P.G.) market
• exploring key dynamics of the Image Recognition in Consumer Packaged Goods (C.P.G.) market
• highlighting important trends of the Image Recognition in Consumer Packaged Goods (C.P.G.) market in terms of production, revenue, and sales
• deeply profiling top players of the Image Recognition in Consumer Packaged Goods (C.P.G.) market and showing how they compete in the industry
• studying manufacturing processes and costs, product pricing, and various trends related to them
• showing the performance of different regions and countries in the Image Recognition in Consumer Packaged Goods (C.P.G.) market
• forecasting the market size and share of all segments, Regions, And The Market.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-image-recognition-in-consumer-packaged-goods-cpg-market

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