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AI in Computer Vision Market Size, Share, Upcoming Trends, Business

Market Highlights

Computer vision is a part of automation and computer science that includes machine vision and develops methods for creating systems that take information from images. Computer vision is used in controlling processes of industrial robots, navigating autonomous vehicles, organizing information, detecting events, automatic inspection in manufacturing processes, and Human-computer interactions as well as medical image analysis. In fact, computer vision is closely linked with artificial intelligence, as it provides a human vision to a computer. However, a major part of artificial intelligence, mainly its advancements, has eventually fueled the growth of the computer vision market in recent years.

Artificial intelligence (AI) in computer vision is a branch of AI in which computer processes and analyzes conditions and delivering the final digital image. Rapid development in technology and demands for next-generation technologies empowered by AI are among the major factors for the non-stop growth of this market. This technology is extensively used in the automotive sector for navigation, and the global growth of this industry has provided necessary growth to this global market.

A boom in the increasing demand for computer vision applications such as autonomous cars, robotics has masked revenue hike in the AI in computer vision market. On this, Market Research Future published a report that reveals that the market takes a hit sets itself active to gain a valuation of USD 27 billion, while at 45% CAGR during the years 2017 to 2023—the forecast period. The market has promising vision to rise high and achieve a decade long success in the growth period.

The market, as per the study, is also substantially aided by the factor of rising demand for computer vision applications such as robotics, autonomous cars, and more. As a result, the expansion of the automotive industry has projected the market of AI in computer vision to inflate at the highest CAGR during the forecast period. On focusing more, factors such as developing demand for mobile edge computing, rising adoption of artificial intelligence in various business verticals, video and image analysis applications, usage of electronic devices equipped with virtual and augmented reality equipment have contributed to the growth of the AI in Computer Vision Market worldwide in a considerable way.

On the contrary, there are some possibilities where AI in the computer vision market might have to face a few challenges related to the complex AI algorithms that are required to achieve computer vision effectively. Thus, the lack of technical expertise and concern in this matter could restrain opportunities of global AI in Computer Vision Market to a certain extent.

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Regional Outlook

The regional study of the AI in the computer vision market includes the main regions of Europe, North America Asia Pacific, and the rest of the world.

The North American region would lead the computer vision market globally, as the contribution usually comes from countries such as the U.S. The region has the possibility to uphold its position throughout the forecast period due to factors of growing demand from the gaming industry and the enthusiastic global IT leaders.

The Asia Pacific region would also grow notably, showing high growth aspects in the AI in the computer vision market. The enhanced growth of the regional economy and the rise of start-ups have fortified a strong demand for AI in computer vision products, which is the main reason for market inflating. The nations with increasing disposable incomes such as Japan, China, and India are highly responsible for the considerable share of the Asia Pacific region. Apart from this, the growth of the region is also being motivated by emerging factors of evolving AI talent to inspire the application of computer vision technology as well as the growing demand from the end-user segments.

Segmentation:

The global AI in computer vision market is an immense field and is divided as follows:

The global AI in computer vision market is characterized as hardware and software in view of components.

The global AI in computer vision market is characterized by healthcare, consumer electronics, automotive, sports, security & surveillance, and others, in view of vertical.

Market Key Players

The global market for AI in computer vision market is thriving on the profits made by several companies like Google LLC (US), Qualcomm Technologies, Inc. (US), Basler AG (Germany), NVIDIA Corporation (US), Allied Vision Technologies GmbH (Germany), Microsoft Corporation (US), Facebook (US), Apple Inc. (US), Intel Corporation (US), and COGNEX Corporation (US).

Browse Complete Report @ https://www.marketresearchfuture.com/reports/ai-in-computer-vision-...

AI In Computer Vision Market Research Report by Component (Hardware, Software), Vertical (healthcare, security, automotive, agriculture, sports & entertainment, and others), and Region–Global Forecast to 2023

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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