Computer Vision is a field of Artificial Intelligence and Computer Science that provides computers a visual understanding of the globe. Computer vision is primarily concerned with the theory and technology for structuring the artificial systems that contain the important information from images or multi-dimensional data. Computer vision is primarily being concerned with the automatic extraction, analysis and understanding of meaningful data from a single image or a sequence of images. It involves the development of a theoretical and algorithmic basis to achieve automatic visual understanding.
computer vision technology is primarily being adopted across the globe, highly depends on the application. Applications like machine vision and gaming, security and surveillance, and others. In which some are leading in the market, whereas some are just emerging. The value provided by applications, coupled with innovation in business models, will dictate the growth of the market over the next 10 years. Marketing buzz from large companies will also play a large part in adopting technologies like virtual reality (VR).
Top Leading Companies are: Mobileye, Mercedes-Benz, Google, Autoliv, Facebook and others
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Regional Analysis For Computer Vision Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Computer Vision.
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According to Infoholic Research, the Computer Vision Market is expected to reach $9.62 billion by 2023, growing at a CAGR of around 31.60% during the forecast period. The rapid development of technology, declining chip prices, and with the growing connectivity are major factors, for propelling computer vision technologies. The market is being considered to be a horizontal market, as the applications are widespread across different application segments. Each vertical market has its own drivers and challenges, as well as its own market ecosystem and business models.
Furthermore, America region is experiencing significant growth due to the developed infrastructure in the region boosting the computer vision market, followed by APAC and EMEA during the forecast period.
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The Reports Help Answer the Following Questions:
- What will be the market size and the growth rate in 2023?
- What are the key factors driving the Computer Vision Market?
- Who are the key market players and what are their strategies in the Computer Vision Market?
- What are the key market trends impacting the growth of the Computer Vision Market?
- What trends, challenges and barriers are influencing its growth?
- What are the market opportunities and threats faced by the vendors in the Computer Vision Market?
- What are the key outcomes of the five forces analysis of the Global Computer Vision Market?
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