AI in Computer Vision Market Size, Share, Growth and Forecast to 2023Posted by Komal Boudhh on December 11th, 2020 Market Overview Computer vision has become an integral manifestation of AI. From retail to autonomous driving and healthcare, top global firms are using computer vision across domains, in order to enhance operations and improve productivity. The development graph for computer vision in application areas has shown exponential growth over the past few years and is extensively being used by tech giants like FaceX and Amazon’s Rekognition. The intensification of artificial intelligence is primarily attributed to its versatility that leads to its application in a wide range of applications. According to estimates released by MRFR, the AI in computer vision market is anticipated to make earnings totaling USD 27 billion while evolving at a 45% CAGR in the forecast period. The popularity of computer vision has led to its successful integration with artificial intelligence. The growth of AI in computer vision market can be cushioned to the mounting demand for computer vision in robotics and autonomous cars. The improved computing capabilities of processors is likely to encourage the development of AI in computer vision. The market will experience a healthy growth due to the surging demand for mobile edge computing, video and image analysis, adoption of AI in business verticals, and use of electronic devices provided with augmented and virtual reality equipment. The AI in computer vision market is likely to face a few challenges, in terms of complex AI algorithms that are needed to achieve computer vision efficiently. As the creation of specific algorithms requires specific knowledge, people skilled to perform such tasks are presently limited. Such concerns are predicted to deter the market growth in the foreseeable future. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6672 Regional Analysis: The region-wise analysis of the AI in computer vision market consists of Asia Pacific, Europe, North America and the rest of the world. The North American region is a prominent player in the computer vision market globally, with the most noteworthy contribution coming from countries such as the U.S. The region is anticipated to uphold its position throughout the forecast period. The factor motivating the AI in computer vision market in the North American region is the growing demand from the gaming industry and the dedicated presence of global IT leaders. The Asia Pacific region is primed to be the show substantial growth in the AI in computer vision market and is projected to surge forward in the duration of the forecast period. The enhanced growth of the regional economy and the rise of start-ups has fortified a strong demand for AI in computer vision products. The nations with increasing disposable incomes such as Japan, China and India are responsible for the most important share of the Asia Pacific region. Furthermore, the growth of the region is being motivated by factors such as evolving AI talent to inspire the application of computer vision technology in the domestic market and the growing demand from the end-user segments. Segmentation: By component, the AI in computer vision market is segmented into hardware and software. Of these, the hardware segment is predicted to gain prominence due to the increased penetration of AI-capable processors in mobile devices like drones, smartphones, consumer electronics, and automotive devices. By vertical, the AI on computer vision market is segmented into healthcare, automotive, security, agriculture, and sports & entertainment. Among these, the automotive segment is predicted to evolve with the highest CAGR. Initiatives undertaken by the Chinese government in order to support AI by offering to fund for R&D, suggestions for expansions and international collaborations, and support for workforce development. Industry Updates June 2019: A team of researchers from MIT is making AI easier for the novices, while also assisting the experts to advance the field. The researchers have demonstrated a novel probabilistic-programming system termed Gen in a paper which has been presented at the Programming Language Design & Implementation conference. Users can write algorithms and models from more than one fields where AI is applied, like robotics, computer vision, and statistics. Users now do not have to deal with equations or write high-performance code manually. The programming system also allows expert researchers to write interference algorithms and sophisticated models, which are used for prediction tasks. Competitive Dashboard The top players operating in the AI in computer vision market include Google LLC (US), Qualcomm Technologies, Inc. (US), Basler AG (Germany), Allied Vision Technologies GmbH (Germany), Facebook (US), NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), COGNEX Corporation (US), and Apple Inc. (US). Browse Complete Report @ https://www.marketresearchfuture.com/reports/ai-in-computer-vision-market-6672 List of Figures FIGURE 1 Global AI In Computer Vision Market Segmentation FIGURE 2 Forecast Methodology FIGURE 3 Porter’s Five Forces Analysis Of Global AI In Computer Vision Market FIGURE 4 Value Chain Of Global AI In Computer Vision Market FIGURE 5 Share Of AI In Computer Vision Market In 2018, By Country (In %) FIGURE 6 Global AI In Computer Vision Market, 2018–2023 FIGURE 7 Global AI In Computer Vision Market Size By Component, 2018–2023 FIGURE 8 Share Of Global AI In Computer Vision Market By Component, (In %) FIGURE 7 Global AI In Computer Vision Market Size By Vertical, 2018–2023 FIGURE 8 Share Of Global AI In Computer Vision Market By Vertical, (In %) 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. 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