The AI In Computer Vision Global Market Report 2023, provides comprehensive information on the AI in computer vision market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s AI In Computer Vision Global Market Report 2023, the global AI in computer vision market is expected to grow from $20.71 billion in 2022 to $26.60 billion in 2023 at a compound annual growth rate (CAGR) of 28.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The AI in computer vision market is expected to reach $72.14 billion in 2027 at a CAGR of 28.3%.
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Integration of edge computing is the key trend gaining popularity in AI in the computer vision market. Major companies operating in the AI in computer vision market are concentrating on creating revolutionary products integrated with edge computing technology to improve their market share. Edge computing has emerged as a critical feature of computer vision, allowing data analysis at the network’s edge instead of in the data center or Cloud. For instance, in July 2021, Atos SE, a France-based information technology company that offers other IT services, launched the Atos Computer Vision Platform. It is the world’s first fully scalable Artificial Intelligence film and image analysis solution. It is the most extensive video and photo analytics solution on the market and the sole one that combines a comprehensive offering with a set of pre-trained and adaptable AI models, enhanced by consultancy skills from six Atos AI Computer Vision labs worldwide and built on superior hardware and software. Atos Computer Vision Platform offers visual and image processing from the Cloud to the edge, which means it can be administered from the Cloud or on an edge server for live video analytics.
The AI in computer vision market is segmented:
1) By Component: Software, Hardware
2) By Function: Training, Interference
3) By Machine Learning Model: Supervised Learning, Unsupervised Learning, Reinforcement Learning
4) By Application: Industrial, Non-Industrial
5) By End User: Automotive, Consumer Electronics, Healthcare, Agriculture, Transportation And Logistics, Retail, Security And Surveillance, Manufacturing, Other End Users
North America was the largest region in the AI in computer vision market in 2022.
The table of contents in TBRC’s AI in computer vision market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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