According to the [190+ Pages] research report; the North America and Europe Visual Search Market in 2018 was approximately USD 4,875 million. The market is expected to grow at a CAGR of 17.3% and is anticipated to reach around USD 21,107 million by 2027. Top market players are Turing Analytics, Amazon.com, Snap Inc., Slyce Acquisition, Blippar Clarifai, ViSenze, Shopagon, Pinterest and others.
New York, NY, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “North America and Europe Visual Search Market By Offering (Image Search and Search Recommendation) and By Vertical (Consumer Goods, Retail, Automotive, Healthcare, and Others): Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027”.
“According to the research study, North America and Europe Visual Search Market was estimated at USD 4,875 million in 2018 and is expected to reach USD 21,107 million by 2027. North America and Europe Visual Search Market are expected to grow at a compound annual growth rate (CAGR) of 17.3% from 2019 to 2027”.
Visual search is the common task of searching for a product mostly in a cluttered visual environment on the internet. The item that the observer is searching for is called a target, whereas the non-target items are tagged as distractors. Visual search utilizes image/s, instead of text, as queries. It identifies objects within the image and then searches for images that are related to the target object/s. For example, based on a table’s image, one can use a visual search to shop for a table that is similar/identical to the table in the image. Thus, for performing a visual search accurately, search engines need highly sophisticated processes in comparison to traditional image search.
Get revised Free Sample Report of Visual Search Market @ https://www.fnfresearch.com/sample/north-america-and-europe-visual-search-market-by-149
(The free sample of this report is readily available on request).
Our Free Sample Report Includes:
• 2020 Updated Report Introduction, Overview, and In-depth industry analysis
• 190+ Pages Research Report (Inclusion of Updated Research)
• Provide Chapter-wise guidance on Request
• 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
• Includes Updated List of table & figures
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
Competitive Landscape – Top key vendors and other prominent vendors
Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/north-america-and-europe-visual-search-market-by-149
(You may enquire a report quote OR available discount offers to our sales team before purchase.)
Several advantages in the e-commerce market majorly driving the North America and Europe visual search market
The primary growth driver of the North America and Europe visual search market is the several advantages that visual search offers in the e-commerce domain. Only about 30% of an e-commerce seller online catalog is discovered by its customers, where some products are displayed several times with similar searches. The rest of the catalog remains undiscovered owing to the lack of specific recommendations and searches. Thus, visual search opens up the whole catalog to be discovered by the customers. Additionally, visual search is also an excellent cross-selling tool along with reducing basket abandonment and saving users from the annoying process of vague product searches.
Top Market Players
Key players operating in North America and Europe visual search market are Turing Analytics, Amazon.com, Snap Inc., Slyce Acquisition, Blippar Clarifai, ViSenze, Shopagon, Pinterest, Goxip.com, Veritone, Syte.ai, TinEye, Cortexica Vision Systems, Wide Eyes Technologies, Microsoft, and Alphabet, among others.
To know an additional revised 2020 list of market players, request a sample report: https://www.fnfresearch.com/sample/north-america-and-europe-visual-search-market-by-149
The image search segment is projected to dominate the offering segment
In 2018, the image search segment held more than 61% of the share in North America and Europe visual search market. It is also estimated to grow at a CAGR of 13.57% over the forecast period. This segment’s growth is propelled by an image search’s ability to make it easy for the users to obtain information about a product, which they are unaware of.
The consumer goods sector is likely to lead the vertical segment in the future
The consumer goods segment will be the fastest-growing in the future in North America and Europe visual search market. It will register a CAGR of 18.1%, owing to the escalating preference for online shopping by the consumers and consistent developments in the technological domain. In 2018, this segment accounted for a 41.8% share of the North America and Europe visual search market.
Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/north-america-and-europe-visual-search-market-by-149
The rising use of machine learning in visual search is the major growth driver of North America and Europe visual search market in the years ahead. Deep machine learning draws its inspiration from the way biological neural networks in the human brain obtain information from the various senses of the body. Deep machine learning has various applications, particularly when it comes to analyzing, understanding, and discovering new patterns and new knowledge that is hidden in huge data volumes and needs to be segregated systematically.
Undeniably, in the age of big data and the flourishing internet of things, deep machine learning is the key technology that enables businesses to extract value from their huge volumes of data, overcome the challenges of the fourth industrial revolution, and support business success.
Browse the full “North America and Europe Visual Search Market by Offering (Image Search and Search Recommendation) and By Vertical (Consumer Goods, Retail, Automotive, Healthcare, and Others): Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027" report at https://www.fnfresearch.com/north-america-and-europe-visual-search-market-by-149
Europe to record the highest CAGR over the estimated timeline
Europe is the fastest-growing North America and Europe visual search market and will register a CAGR of 17.6% in the future. This can be attributed to the increasing innovations witnessed related to AR and VR and their growing integration in search engine tools. Additionally, the rising acceptance of the latest tools and escalating awareness regarding advanced visual search options are also supporting the European market.
Request Customized Copy of Report @ https://www.fnfresearch.com/customization/north-america-and-europe-visual-search-market-by-149
(We customize your report according to your research need. Ask our sales team for report customization.)
This report segments North America and Europe visual search market into:
North America and Europe Visual Search Market: By Offering
North America and Europe Visual Search Market: By Vertical
Mobile Payment Technology Market: https://www.fnfresearch.com/mobile-payment-technology-market
Tactical Data Link Market: https://www.fnfresearch.com/tactical-data-link-market-by-platform-air-based-1249
Online On-demand Home Service Market: https://www.fnfresearch.com/online-on-demand-home-service-market-by-type-1218
Corporate Assessment Services Market: https://www.fnfresearch.com/corporate-assessment-services-market-by-type-psychometric-tests-1148
Website Builder Software Market: https://www.fnfresearch.com/website-builder-software-market-by-software-type-offline-1083
About Facts & Factors (FnF Research):
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Follow Us LinkedIn: https://www.linkedin.com/company/fnfresearch
Follow Us Twitter: https://twitter.com/fnfresearch
Facts & Factors