AI in Computer Vision Market Share, Trend and Industry Analysis Report 2027.Posted by niket gore on October 10th, 2022 The major contributors to the growth of the AI in computer vision market in APAC are Australia, China, Japan, and India. Rapid advancements in technology, digitalization of economies, and sufficient support from government are leading to the smooth evolution of these economies from a developing stage to a developed stage in terms of adoption of technologically advanced solutions across various industries present in the region. Investing in technology is enabling industries to enhance their overall production capacity in developing countries. These ventures enable both public and private investors to benefit from the investment of capital. Moreover, the countries in APAC have experienced a rise in both public and private investments in complex technologies across the region. This is boosting the adoption of artificial intelligence (AI) and computer vision solution implementation across enterprises in the region. For instance, AI & Vision Solutions (Pvt) Ltd offers AI-powered computer vision solutions such as smart parking management systems, traffic law violation detection system, and city surveillance and crime prevention solutions. Thus, the advanced solutions are being highly adopted by both private and public sectors in the region, which is propelling the growth of the AI in computer vision market in APAC. Get FREE Sample Copy@ AI in computer vision is receiving high momentum across the world. Rise in demand for automating processes across industries is fuelling the growth of the market. While technologies such as the Internet of Things are revolutionizing the manufacturing industry and making processes more autonomous, AI will help to further enhance them in computer vision. In inspecting fabricated goods for defects and non-conformities, computer vision plays an important role. Thus, it may reduce the need for human inspection on the production line, which is substantially increasing the adoption of AI in computer vision technology across the industry. Edge computing similarly answers the latency and network accessibility problem. Currently, systems may be set up in areas where a network connection is poor or non-existent without access being taken into account. The global AI in computer vision market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. North America holds the dominant share in the AI in computer vision market, whereas APAC is expected to be the fastest-growing region in the global market. Adopting advanced solutions such as artificial intelligence and computer vision across the region is driven by the rise in investments by North American countries, such as the US and Canada, to enhance and innovate manufacturing processes across industries. For example, in the fiscal year 2020, the U.S. federal government has made plans to spend US$ 4.9 trillion in research and development of technology such as artificial intelligence and machine learning. Furthermore, this growing region's investment in advanced technology is expected to contribute to the growth of AI in the computer vision market over the years. The top five companies in the AI in computer vison market include
The above listing of key players is derived by considering multiple factors such as overall revenue, current AI in computer vision portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global data wrangling market ecosystem such as ION TECHNOLOGIES GMBH, GENERAL ELECTRIC COMPANY., INTEL CORPORATION, and MICROSOFT CORPORATION., among others. Most of the market initiatives were observed in North America and Europe region, which have a high potential for AI in computer vision market growth. About Us: “The Insight Partners” is a one-stop solution for all industrial research requirements. We help our clients get quick solutions pertaining to the market scenario and requirements based on our state-of-the-art research methodology. We excel at providing research-based reports across a wide range of sectors and industries such as Semiconductors & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Healthcare, IT, Manufacturing & Construction, Medical Device Technology, Media & Telecommunications, and Chemicals & Materials. We keep our research pattern lucid to understand. Serving the best to our customers is our foremost priority. Our research reports time and again have proved to be value for the money of clients providing the most suitable data and market analysis. Our research work precisely focuses on the market performance in terms of market size, competitive plotting, company analysis, regional or country analysis, etc. We deliver the categorically segmented data that provides the know-how of geography, products & services, thereby, enabling the clients to better understand their industrial research requirements. Contact Us: If you have any queries pertaining to the report or would like further information, feel free to reach out to us at- Contact Person: Sameer Joshi E-mail: sales@theinsightpartners.com Phone: +1-646-491-9876. Like it? Share it! More by this author |