Back to today’s briefing

Story perspectives

Visual Search Software Market to Hit $22.81 Billion by 2031

1/5/2025

43 9

Summary

Story summary

The Visual Search Software market is set to soar from $13.58 billion in 2024 to an impressive $22.81 billion by 2031, fueled by a robust 9.03% annual growth rate. This surge is propelled by cutting-edge AI innovations, the rising use of smartphones, and a growing desire for tailored shopping experiences in e-commerce and retail.

History

Historical Context

The visual search software market's projected growth mirrors the technological advancements seen since the late 1990s, when early image retrieval systems emerged. Innovations like Google's Image Search and Lens have transformed how users interact with visual content. This growth reflects a broader trend in AI and mobile technology, paralleling the rise of e-commerce and personalized shopping experiences over the last decade.

1 of 2

Story summary

The Visual Search Software market is set to soar from $13.58 billion in 2024 to an impressive $22.81 billion by 2031, fueled by a robust 9.03% annual growth rate. This surge is propelled by cutting-edge AI innovations, the rising use of smartphones, and a growing desire for tailored shopping experiences in e-commerce and retail.

1 / 2