Vancouver, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Emergen research is one of the pioneers in providing strategic insights for emerging and disruptive technologies which are supposed to show exponential growth in the near future., has released a report that delves deep into the dynamic landscape of the Computer Vision Market. As organizations seek to enhance their procurement processes and streamline operations, Emergen Research's latest analysis provides indispensable insights that are poised to revolutionize procurement strategies across industries.
The Computer Vision Market revolves around the application of data analysis and cutting-edge technologies to harness insights, facilitate informed decision-making, and streamline processes within organizations that utilize computer vision solutions. This dynamic field encompasses the examination of diverse data points related to computer vision, such as image and video analysis, object recognition, spatial understanding, and real-time visual processing. By leveraging these capabilities, organizations can significantly enhance their efficiency, effectiveness, and overall performance across various industries and use cases.
According to Emergen Research report, the global computer vision market size reached USD 11.90 Billion in 2022 and is expected to register a revenue CAGR of 6.7% during the forecast period, The report provides a detailed analysis of the market segmentation, including market size, share, and growth rate for each segment.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/1694
Scope of Research
| Report Details | Outcome |
| Market size in 2022 | USD 3.17 Billion |
| CAGR (2023–2032) | 25.5% |
| Revenue forecast to 2032 | USD 30.60 Billion |
| Base year for estimation | 2022 |
| Historical data | 2019-2021 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Component, deployment, organization size, application, verticals, and region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA |
| Key companies profiled | Oracle, SAP, SAS Institute Inc., Genpact, IBM, Microsoft, Cisco Systems, Inc., Coupa Software Inc., Amazon Web Services, Inc. and GEP |
| Customization scope | 10 hours of free customization and expert consultation |
Major Companies and Competitive Landscape
The global computer vision market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new hardware, software, and services. Some major players included in the global computer vision market report are:
- Alphabet Inc.
- Cognex Corporation
- Intel Corporation
- Keyence Corporation
- Matterport, Inc.
- NATIONAL INSTRUMENTS CORP.
- Omron Corporation
- Sony Group Corporation
- Teledyne Technologies Inc
- Texas Instruments Incorporated.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/1694
Strategic Development
- On 10 August 2021, Teledyne Technologies Inc launched Sapera Vision Software Edition 2021-07. Sapera Vision Software new upgrades include modification of its graphical AI training tool Astrocyte and image processing along with AI libraries tool Sapera Processing.
What Drives the Computer Vision Market?
The computer vision market is driven by several key factors that contribute to its growth and widespread adoption. One of the primary drivers is the increasing demand for automation and efficiency across various industries. Organizations are seeking ways to automate tasks that were traditionally performed by humans, and computer vision technology offers a solution by enabling machines to interpret and understand visual data. This automation not only improves efficiency but also reduces the risk of human error.
Another driver of the computer vision market is the rapid advancement of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML algorithms have significantly improved the accuracy and capabilities of computer vision systems, allowing them to perform complex tasks such as object detection, image recognition, and visual perception. As these technologies continue to evolve, the potential applications of computer vision expand, driving the demand for related products and services.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/1694
What Challenges Constrain the Computer Vision Market?
The lack of interpretability and explainability in computer vision algorithms is another constraint. Deep learning models, which have achieved remarkable success in computer vision tasks, are often considered black boxes, making it difficult to understand how they arrive at their decisions. This lack of interpretability can be a barrier in critical applications where transparency and accountability are essential. Addressing this challenge and developing methods to explain the reasoning behind computer vision algorithms' decisions is an ongoing area of research.
Privacy and ethical concerns also pose challenges in the computer vision market. As computer vision systems become more prevalent, there are concerns about the potential misuse of visual data and the invasion of privacy. Ensuring that computer vision technologies are developed and deployed in a manner that respects privacy rights and adheres to ethical guidelines is crucial. Striking a balance between the benefits of computer vision and the protection of individual privacy is a challenge that needs to be addressed.
Unveiling Geographic Patterns in the Computer Vision Market
North America, particularly the United States, has emerged as a dominant player in the computer vision market. The region benefits from a robust ecosystem of technology companies, research institutions, and venture capital funding. Major tech hubs like Silicon Valley attract top talent and foster innovation in computer vision. The presence of leading companies in sectors such as healthcare, retail, and automotive, which heavily rely on computer vision, further drives the market in this region.
Europe also showcases a strong presence in the computer vision market. Countries like Germany, the United Kingdom, and France have a thriving technology sector and a history of innovation. European companies are actively involved in developing computer vision solutions for various industries, including manufacturing, transportation, and security.
Asia Pacific is a rapidly growing region in the computer vision market. Countries like China, Japan, and South Korea are at the forefront of technological advancements and have made significant investments in AI and computer vision research. China, in particular, has witnessed a surge in computer vision applications, driven by its large population, e-commerce boom, and government support for AI development.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/computer-vision-market
Segments Covered in Report
For the purpose of this report, Emergen Research has segmented the global computer vision market on the basis of component, product type, application, and region:
- Component Outlook (Revenue, USD Billion; 2019-2032)
-
- Hardware
- Software
- Product Type Outlook (Revenue, USD Billion; 2019-2032)
-
- Smart Camera-Based
- PC-Based
- Application Outlook (Revenue, USD Billion; 2019-2032)
-
- Quality Assurance & Inspection
- Positioning & Guidance
- Measurement
- Predictive Maintenance
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
Closing Statement
In the rapidly evolving landscape of the Computer Vision Market, a remarkable journey of innovation and transformation is underway. This market's trajectory is guided by a convergence of factors that highlight its pivotal role in reshaping industries and human experiences. As organizations across the globe recognize the immense potential of computer vision, the demand for automation, enriched visual data insights, and personalized user interactions is driving its growth.
Curated Reports You Shouldn't Miss: Dive In Now!
Smart Vision Sensors Market By Product Type (2D Smart Vision Sensor, 3D Smart Vision Sensor), By Technology (MEMS, CMOS), By Connectivity (Wired, Wireless), By Application (Inspection, Code Reading, Gauging, Localization), By Industry Vertical (Electronics & Semiconductor, Automotive, Pharmaceuticals, Food & Packaging), and By Region Forecast to 2028
Machine Vision Market By Component (Hardware, Software), By Deployment (General, Robotics Cell), By End-Use (Automotive, Electronics & Semiconductor, Consumer Electronics, Pharmaceuticals, others), and By Region Forecast to 2030
Computer Aided Diagnosis Market, By Imaging Techniques (Mammography, MRI, and Ultrasound Imaging) By Application (Breast Cancer, Lung Cancer, and Liver Cancer), By End-use (Hospitals and Clinics), and By Region Forecast to 2030
Computer Generated Imagery Market, By Type (2D CGI, 3D CGI), By Application (Pre-visualization, 3D Modelling, 3D Animation, Special Effects), By End-use (Television, Film, Video Game, Advertising, Others), and By Region Forecast to 2028
Computer Aided Design Market By Technology Type (3D design, 2D design), By Deployment Type (Cloud, On-premise), By Application (Manufacturing, Aerospace and Defense, Building and Construction, Automobile) and By Region Forecast to 2028
Blockchain Technology Market By Type (Private, Public, Hybrid), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By Provider (Infrastructure), By Application (Banking and Financial Services, Government), Forecasts to 2027
Internet of Things In Agriculture Market, By System (Automation and Control Systems, Sensing and Monitoring Devices, Livestock Monitoring Hardware, Fish Farming Hardware), By Application, and By Region Forecast to 2030
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Japanese Version: Computer Vision Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Read our Press Release @ https://www.emergenresearch.com/press-release/global-procurement-analytics-market
