AI in Computer Vision Market size was valued at US$ 23.90 Billion in 2022 and the total AI in Computer Vision revenue is expected to grow at 24.6% through 2023 to 2029, reaching nearly US$ 111.47 Billion.
In the Report, we examine various topics related to markets and industries. There are many marketing strategies, such as product launches, corporate growth, alliances, joint ventures, and acquisitions. As part of the preparation of this study, every aspect of market research relevant to the industry landscape was considered. There is also coverage of the key business trends, challenges, and opportunities in this market research report. Stellar Market Research, a global business consultancy focused on Food & Beverages, released a report on the competitive landscape and market intelligence in the AI in Computer Vision Market recently. The expert used primary and secondary data to analyse the market both domestically and internationally.
AI in Computer Vision Market Overview:
The fundamentals of the AI in Computer Vision Market can be better understood by conducting a proper statistical analysis of current and emerging trends. A Porter’s five force analysis is used to assess the importance of a number of factors, such as threats posed by diverse agents, competitive strength, and an understanding of a resource by young enterprises. Based on a micro-level analysis of each country, the total market size for each country and market category was estimated. In order to estimate regional and worldwide markets, a method known as “bottom-up” forecasting is utilized. By analysing the underground market at the micro level of each country, one can determine the contribution of the underground market to the growth of the larger market. Based on interviews with well-known local entrepreneurs, the findings were substantiated. Analysis is done on data obtained from both commercial and open-access sources in secondary research. Each country’s government figures, commercial databases, and annual reports of publicly traded companies provide data on consumption by category and supply by player.
AI in Computer Vision Market Dynamics:
The need for standard inspection and automation is the primary driver of the AI in computer vision market. Industrial businesses all around the world are aiming to boost their automation investments in the post-COVID-19 timeframe since it minimizes the necessity for human involvement in different processes.
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AI in Computer Vision Market Segmentation:
AI in computer vision market is booming due to rising consumption for AI-based computer vision applications in consumer devices e.g. smartphones, PCs, and laptops. Universal health care, on the other hand, is expected to witness the fastest growth throughout the projection period, as AI-based computer vision devices are becoming increasingly important in products e.g. radiology and diagnostic imaging.
Regional Analysis:
- North America
• Europe
• Asia-Pacific
• Middle East and Africa (MEA)
• South America
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AI in Computer Vision Market Key players:
Robotic Vision Technologies (US)
AMP Robotics (US)
Zivid (Norway)
Inspekto (UK)
Creative Virtual (UK)
Trivision (Denmark)
AWS (US)
Xilinx (US)
Google (US)
Facebook (US)
𝗥𝗲𝗮𝘀𝗼𝗻𝘀 𝘁𝗼 𝗯𝘂𝘆:
- The segmentation of the market based on qualitative and quantitative study, taking into account both economic and non-economic factors.
- Market value information (in US dollars) for every portion and sub-segment.
- The competitive landscape also includes the current service/product releases, partnerships, company expansions, and acquisitions of the companies profiled, as well as the market ranking of the leading competitors.
- Thorough company profiles for the top market players that include business overview, company insights, product benchmarking, and SWOT analysis.
- The industry’s current and prospective market outlook in light of recent changes, including growth prospects and motivators as well as obstacles and restraints in both developing and emerging economies.
- Includes a thorough examination of the market from various angles using Porter’s five force analysis.
- By using the Value Chain, it offers market knowledge.
- The prospects for market expansion in the future and the dynamics of the market today.
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