Use Cases and Roll-Out Tips for Image Recognition in Retail

Heavily shattered by the pandemic, the retail sector is on the lookout for innovation. Among the many technologies retailers focus on, artificial intelligence is an undeniable leader. The market of artificial intelligence solutions for retail is projected to reach $23.32 billion by 2027, quite a leap compared to $5.06 billion in 2021. Within AI, computer vision and image recognition have become notable areas of interest for the retail sector -- the global market of retail image recognition software is expected to grow at a CAGR of 22% and attain the value of $3.7 billion by 2025. Bringing image recognition into their technology mixes, retailers hope to optimize inventories, simplify checkouts, and boost customer experience.