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Showing posts with the label AI in Computer Vision Market Growth

AI in Computer Vision Market: A $45.7 Billion Perspective for 2028 and Beyond

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The " AI In Computer Vision Market   by Component (Hardware, Software), Function (Training, Inference), Application (Industrial, Non-industrial), End-use Industry (Automotive, Consumer Electronics) and Region - Global Forecast to 2028". The global AI in computer vision market is expected to be valued at USD 17.2 billion in 2023 and is projected to reach USD 45.7 billion by 2028; it is expected to grow at a CAGR of 21.5% from 2023 to 2028. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141658064    Several trends and disruptions are impacting customer businesses in Al computer vision; advancements in deep learning; deep learning is a subfield of machine learning that has revolutionized the field of Al computer vision. With the development of deep learning algorithms and the availability of large datasets, Al computer vision is becoming increasingly accurate and effective. Increased use of edge computing is a distributed computing paradigm that

Innovations in Sight: How AI Is Powering the $45.7 Billion AI in Computer Vision Market

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The   AI In Computer Vision Market  is expected to develop significantly, according to a report titled "AI In Computer Vision Market". It anticipates growth from a value of USD 17.2 billion in 2023 to a sizeable USD 45.7 billion by 2028, representing a solid Compound Annual Growth Rate (CAGR) of 21.5% throughout the projection period. The market's expansion is attributable to elements including the expanding use of computer vision solutions powered by AI in a variety of sectors, including the automotive and consumer electronics industries. Regions, applications (industrial, non-industrial), functions (training, inference), and market components (hardware, software) are all taken into consideration during the analysis. This development underlines the growing impact that AI and computer vision technologies will have on a variety of businesses in the years to come. A number of crucial variables are driving the market for AI in computer vision. The growth of AI-powered comput

Training Function to Grow at a Higher CAGR in AI in Computer Vision Market, Projected to Reach $51.3 Billion by 2026

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By 2026, it is anticipated that the   AI in Computer Vision Market   would be worth USD 51.3 billion. The rise in demand for computer vision systems in novel and developing applications, such as quality control and automation, is credited with driving the market expansion. Government measures to assist industrial automation and the integration of artificial intelligence (AI) into edge devices, as well as the demand for application-specific integrated circuits (ASICs), are additional factors predicted to fuel market expansion. However, the market for AI in Computer Vision may be constrained by the escalating security issues around cloud-based image processing and analytics. The hardware and software that make up computer vision applications are divided into different market segments. From 2021 to 2026, the CAGR for the software segment is anticipated to be higher, indicating faster growth. Individuals can interact with a camera and manufacturing line using the software tools and a varie

AI in Computer Vision Market Size, Growth, Trends and Forecast 2026

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According to estimates, the   AI in Computer Vision Market   would be worth USD 15.9 billion in 2021 and USD 51.3 billion in 2026, growing at a CAGR of 26.3%. The primary drivers of the market's expansion are the increased need for ASICs, quality inspection and automation, computer vision systems in novel and developing applications, and quality inspection. Government programmes to encourage industrial automation and the integration of AI into edge devices are also anticipated to open up lucrative potential for market participants in computer vision AI. However, growing security worries about image processing and analytics in the cloud are anticipated to hamper industry expansion. NVIDIA (US), Intel Corp. (US), Microsoft Corp. (US), IBM Corp. (US), and Qualcomm (US) controlled the AI in Computer Vision market in 2020.  The top 5 players in the AI in computer vision market mostly used product launches, new innovations, collaborations, and acquisitions to expand their client bases an