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New Research Reveals Visual Search Is Poised To Disrupt Retail, Social And Beyond In 2020

LOS ANGELES, Jan. 22, 2020 /PRNewswire/ -- National Research Group (NRG), a leading global insights and strategy firm with 40 years of media, entertainment and technology expertise, released a new study uncovering excitement for Visual Search as a discovery tool, with strong future potential for information discovery, retail and social use cases.

Visual search is changing how consumers shop, share and navigate the world around them. Through in-depth interviews with industry experts, qualitative research among leading-edge consumers and a quantitative survey among a nationally representative sample, the study, Visual Search: A Disruptor for Retail, Social and Beyond in 2020, proves strong demand for more intuitive ways to find inspiration and information, with 7 in 10 consumers who are aware of Visual Search telling us they are likely to try it.

The study uncovers shopping as the number one app category consumers would use more if Visual Search were integrated, and 4 in 5 Visual Search users have made purchase decisions or engaged with brands because of social media (50% more than non-users). There is significant opportunity for Visual Search to offer brands a virtuous circle between shopping and sharing, with more than 7 in 10 Gen Zers currently using shoppable feed experiences to discover more about brands.

"The high level of consumer interest in visual search as a discovery vehicle surfaced very strongly as a part of this research, with eagerness to use this tool as a prompt for both online and offline experiences," says Ben Rogers, President, Platform and Technology Clients, National Research Group. "The challenge for marketers will be helping consumers surface what they are looking for effortlessly, immediately, and accurately. Leveraging the power of AI to accomplish this will be critical – the hunger for enhanced experiences around discovery, shopping, and sharing is there!"

A NASCENT TECHNOLOGY WITH STRONG POTENTIAL

  • More than half (56%) of US consumers are aware of, considering or currently use Visual Search.
  • 7 in 10 consumers who are aware of Visual Search tell us they are likely to use the tech, led by Gen Z and Millennials at 72%.
  • Overcoming barriers to adoption is about deepening consumers' understanding of relevant use cases beyond retail: the number one holdback for adoption is education (59%), or needing to better understand of how it works or how it improves their lives.

CONSUMERS ARE LIKELY TO TRY CAMERA-FIRST USE CASES TO SOLVE FOR A NUMBER OF NEEDS AND CURIOSITIES

  • Consumers are more likely to try use cases that leverage the camera for immediate information and inspiration:
  • Among current Visual Search users, 4 in 5 say access and discovery are the top benefits of Visual Search:

VISUAL SEARCH ALLOWS A VIRTUOUS CIRCLE FOR BRANDS: SHOPPING AND SHARING

  • Shopping is the number one app category consumers would use more if Visual Search were integrated, and Visual Search users are in fact 50% more likely to be influenced to make purchase decisions or engage with brands because of social media.
  • Social media has conditioned consumers to think visually and find inspiration online. In fact, 4 in 5 Visual Search users have made purchase decisions or have engaged with brands because of social media (50% more than non-users).

Methodology

In September 2019, NRG conducted in-depth industry interviews with industry experts, six focus groups among leading-edge Visual Search consumers, and a quantitative survey among 1500 consumers in the US ages 13-64.

About National Research Group

National Research Group (NRG) is a leading global insights and strategy firm at the intersection of entertainment and technology. Rooted in four decades of industry expertise, the world's leading marketers turn to us for insights into growth and strategy for any content, anywhere, on any device. Working at the confluence of content, culture and technology, NRG offers bold insights for storytellers everywhere.

Contact: Meghan Morasan, NRG@finnpartners.com

 

Cision

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SOURCE National Research Group