Global Artificial Intelligence in Computer Vision Market Overview:
Computer vision is becoming one of the major trends in the automation area. The rapid development of Artificial Intelligence has enabled many organizations to act faster, improve mission outcomes, and cost reduction. With the growing trend of clients are having strong requirement automated analytics solutions which can generate accurate and meaningful insights to meet the growing business trends and consumer demands.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Dominance of China in the APAC Region
Market Growth Drivers:
Growing Requirement of Edge Computing in Mobile Devices, Increasing Requirement of Computer Vision Systems for Non–Traditional and Emerging Applications and Rising Impact of Artificial Intelligence in Machine Vision
Challenges:
High Cost Associated with AI Hardware
Restraints:
Lack of Skilled Professional
Opportunities:
Expansion of Machine Learning Regarding Vision Technology
Competitive Landscape:
This market is fragmented by market-leading players who are highly focusing on production technologies, improving production efficiency, and service life. With the growing number of opportunities in the market, these market potentials are captured by tracking the ongoing process improvement and by invest in market strategies
Some of the key players profiled in the report are NVIDIA (United States), Intel (United States), Apple (United States), Alphabet (United States), Qualcomm (United States), Microsoft (United States), Basler (Germany), Teledyne (United States), Wikitude (Austria) and Cognex (United States). Additionally, following companies can also be profiled that are part of our coverage like National Instruments (United States), ISRA Vision (Germany), Avigilon (Canada) and General Electric (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Artificial Intelligence in Computer Vision market by 2028. Considering Market by Proceses, the sub-segment i.e. Image Acquisition will boost the Artificial Intelligence in Computer Vision market. Considering Market by Industry Verticals, the sub-segment i.e. Automotive will boost the Artificial Intelligence in Computer Vision market. Considering Market by Organizations Size, the sub-segment i.e. Small and Medium Size Organization will boost the Artificial Intelligence in Computer Vision market. Considering Market by Offerings, the sub-segment i.e. Hardware {Processors, Memory, Network} will boost the Artificial Intelligence in Computer Vision market.
Latest Market Insights:
In April 2023, Alphabet merged with A.I.-focused groups DeepMind and Google Brain. Alphabet merged an internal Google Research team called Brain with DeepMind, a move designed to bring two groups focused on artificial intelligence closer together as the battle for AI heats up.
In Oct 2019, Chooch AI announced the launch of Chooch Edge AI, a hardware-agnostic edge computer vision service that has the ability to identify the local video streams from every type of camera. Through this, the company becomes more competitive across the globe.
What Can be Explored with the Artificial Intelligence in Computer Vision Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Artificial Intelligence in Computer Vision Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Artificial Intelligence in Computer Vision
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Artificial Intelligence in Computer Vision market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Artificial Intelligence in Computer Vision market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Artificial Intelligence in Computer Vision Provider, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.