Computer Vision Industry to See Massive Growth by 2027 | Intel Corporation, Microsoft Corporation, Cognex Corporation
Market Overview
This report delivers an unbiased market foresight on Computer Vision Industry for the next five years. It also discusses the key developments that took place in the global computer vision market in recent years, as a part of the market’s historical analysis. The users of the report will come across market opportunities and trends that are likely to arise during course of the projected years. The scope of research covers components such as hardware and software.
Comparative Analysis:
Autoliv Inc., Keyence Corporation, Sony Corporation, Intel Corporation, Microsoft Corporation, Cognex Corporation, Nvidia Corporation, Basler AG, National Instruments, and IBM Corporation are key players of the global computer vision market.
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Regional Analysis:
The computer vision market in North America is driven by the increasing demand from the gaming industry. and the strong presence of global IT leaders. Meanwhile, the Asia Pacific is poised to be the fastest growing region in the computer vision market and is projected to witness an astounding 35.95% CAGR during the assessment period. The accelerated growth of the regional economy and the emergence of start-ups have encouraged a strong demand for computer vision products. Countries with growing disposable incomes such as China, India, and Japan account for the most significant share of the Asia Pacific market and growth is being driven by factors such as developing AI talent to encourage the implementation of computer vision technology in the domestic market and the surging demand from media &, entertainment verticals.
Industry News
The global Computer vision market has been affected due to the lockdown across the regions. This pandemic situation has hampered the Computer vision market as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Computer vision market Size for the forecast period.
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