Global Visual Search Market Size study & Forecast, by Offering (Image Search, Search Recommendation), by Industry Vertical (Consumer Goods, Retail, Automotive, Healthcare, Others) and Regional Analysis, 2023-2030

Description

List of Tables

Global Visual Search Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Visual search is a technology that allows users to search for information using images as the input query, rather than text-based keywords. It involves utilizing computer vision and artificial intelligence to analyze and understand the content of images, and then retrieve relevant results based on the visual attributes of those images. The Visual Search market is expanding because of factors such as the rising number of e-commerce platforms and growing demand for AI and machine learning Visual search enables users to find similar images, products, or content in an intuitive and efficient manner, bridging the gap between the physical and digital worlds. As a result, the demand for Visual Search has progressively increased in the international market during the forecast period 2023-2030.

Visual search can be integrated with personalized recommendations. It analyzes user preferences based on their image searches, e-commerce platforms can offer tailored suggestions that align with the customer's style and preferences. According to Statista, WooCommerce was the worldwide leading e-commerce software platform in 2023, with a market share of 39%. Squarespace Online Stores and Woo Themes ranked second and third, with shares of 14.95 and 14.67%, respectively. Furthermore, in 2021, the global retail e-commerce sales account for approximately USD 5.2 trillion and reach about USD 8.1 trillion by 2026. Another important factor that drives the Visual Search market is the increasing demand for AI and machine learning. Machine learning algorithms can calculate the similarity between images using learned representations. When a user inputs an image query, the system compares the features of the query image with those in its database to find the most visually similar results. In addition, as per Statista, in 2021, with a substantial 57% of cases, the foremost applications of artificial intelligence and machine learning involve enhancing customer experiences. The utilization of these technologies has the potential to drive progress across a range of business operations. Moreover, growing demand for visual search engines and increasing penetration of the internet and smartphones are anticipated to create lucrative growth opportunities for the market over the forecast period. However, high operational cost and a lack of adequate technological infrastructure are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Visual Search Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising application of visual search engines and increasing technological advancements in the region. The region's dominant performance is anticipated to propel the overall demand for Visual Search. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as increased adoption of visual search engine solutions for e-commerce applications in the region.

Major market player included in this report are:

Alphabet Inc
Amazon.com Inc.
Cortexica Vision Systems Ltd.
Goxip.com
Microsoft Corporation
Pinterest, Inc.
Shopagon Inc.
Slyce Acquisition Inc.
Snap Inc
Turing Analytics Inc

Recent Developments in the Market:

In July 2023, Microsoft released an upgraded version of the Bing generative AI chatbot designed for businesses, emphasising the implementation of critical data privacy and governance safeguards. This version, known as Bing Chat Enterprise, preserves all the current chatbot's functions, including the much-anticipated Visual Search functionality recently released by the tech giant.

Global Visual Search Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Offering, Industry Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering

Image Search
Search Recommendation

By Industry Vertical

Consumer Goods
Retail
Automotive
Healthcare
Others

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Visual Search Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Visual Search Market, by Offering, 2020-2030 (USD Billion)
- 1.2.3. Visual Search Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Visual Search Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Visual Search Market Dynamics

3.1. Visual Search Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising number of e-commerce platforms
  - 3.1.1.2. Growing demand for AI and machine learning
- 3.1.2. Market Challenges
  - 3.1.2.1. High operational cost
  - 3.1.2.2. Lack of adequate technological infrastructure
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing demand for visual search engines
  - 3.1.3.2. Increasing penetration of Internet and smartphones

Chapter 4. Global Visual Search Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Visual Search Market, by Offering

5.1. Market Snapshot
5.2. Global Visual Search Market by Offering, Performance - Potential Analysis
5.3. Global Visual Search Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
5.4. Visual Search Market, Sub Segment Analysis
- 5.4.1. Image Search
- 5.4.2. Search Recommendation

Chapter 6. Global Visual Search Market, by Industry Vertical

6.1. Market Snapshot
6.2. Global Visual Search Market by Industry Vertical, Performance - Potential Analysis
6.3. Global Visual Search Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
6.4. Visual Search Market, Sub Segment Analysis
- 6.4.1. Consumer Goods
- 6.4.2. Retail
- 6.4.3. Automotive
- 6.4.4. Healthcare
- 6.4.5. Others

Chapter 7. Global Visual Search Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Visual Search Market, Regional Market Snapshot
7.4. North America Visual Search Market
- 7.4.1. U.S. Visual Search Market
  - 7.4.1.1. Offering breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Industry Vertical breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Visual Search Market
7.5. Europe Visual Search Market Snapshot
- 7.5.1. U.K. Visual Search Market
- 7.5.2. Germany Visual Search Market
- 7.5.3. France Visual Search Market
- 7.5.4. Spain Visual Search Market
- 7.5.5. Italy Visual Search Market
- 7.5.6. Rest of Europe Visual Search Market
7.6. Asia-Pacific Visual Search Market Snapshot
- 7.6.1. China Visual Search Market
- 7.6.2. India Visual Search Market
- 7.6.3. Japan Visual Search Market
- 7.6.4. Australia Visual Search Market
- 7.6.5. South Korea Visual Search Market
- 7.6.6. Rest of Asia Pacific Visual Search Market
7.7. Latin America Visual Search Market Snapshot
- 7.7.1. Brazil Visual Search Market
- 7.7.2. Mexico Visual Search Market
7.8. Middle East & Africa Visual Search Market
- 7.8.1. Saudi Arabia Visual Search Market
- 7.8.2. South Africa Visual Search Market
- 7.8.3. Rest of Middle East & Africa Visual Search Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Alphabet Inc
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Amazon.com Inc.
- 8.3.3. Cortexica Vision Systems Ltd.
- 8.3.4. Goxip.com
- 8.3.5. Microsoft Corporation
- 8.3.6. Pinterest, Inc.
- 8.3.7. Shopagon Inc.
- 8.3.8. Slyce Acquisition Inc.
- 8.3.9. Snap Inc
- 8.3.10. Turing Analytics Inc

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Visual Search Market, report scope
TABLE 2. Global Visual Search Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Visual Search Market estimates & forecasts by Offering 2020-2030 (USD Billion)
TABLE 4. Global Visual Search Market estimates & forecasts by Industry Vertical 2020-2030 (USD Billion)
TABLE 5. Global Visual Search Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Visual Search Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Visual Search Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Visual Search Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Visual Search Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Visual Search Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Visual Search Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Visual Search Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Visual Search Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Visual Search Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Visual Search Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Visual Search Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Visual Search Market
TABLE 70. List of primary sources, used in the study of global Visual Search Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Visual Search Market, research methodology
FIG 2. Global Visual Search Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Visual Search Market, key trends 2022
FIG 5. Global Visual Search Market, growth prospects 2023-2030
FIG 6. Global Visual Search Market, porters 5 force model
FIG 7. Global Visual Search Market, pest analysis
FIG 8. Global Visual Search Market, value chain analysis
FIG 9. Global Visual Search Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Visual Search Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Visual Search Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Visual Search Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Visual Search Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Visual Search Market, regional snapshot 2020 & 2030
FIG 15. North America Visual Search Market 2020 & 2030 (USD Billion)
FIG 16. Europe Visual Search Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Visual Search Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Visual Search Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Visual Search Market 2020 & 2030 (USD Billion)