AI In Computer Vision Market Growth 2021, Regional Production, Future Demand, Investment Scenario, Segment Analysis, Industry Trends, Challenges, Research and Forecasts Until 2030

In a recent published report, Kenneth Research has updated the market report for AI In Computer Vision Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for AI In Computer Vision Market products.

Market Synopsis

The AI In Computer Vision Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

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As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The progress in computer vision favorably pushes the development of the AI in computer vision market. The report made available by Market Research Future (MRFR) observes that the market is projected to earn USD 27 billion while developing at a 45% CAGR in the forecast period from 2017 to 2023. The hardware segment is anticipated to develop with highest CAGR while the software segment is anticipated to control the component segment. Due to the increased focus on research and development, the hardware segment is flourishing incredibly. The market is also substantially aided by the increasing demand for computer vision applications such as autonomous cars, robotics, and others.

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As a result, the automotive segment is projected to expand with highest CAGR while sports and entertainment is anticipated to motivate the growth of the market further. The improved computing capabilities of processors are paving the way for the future growth in the AI in computer vision market.

The AI in computer vision market is anticipated to face a few challenges in development related to the complex AI algorithms that are required to achieve computer vision effectively. As creation of specific algorithms involves a certain deal specific knowledge, the number of people skilled to do that are also limited currently. The market is projected to be buoyed by the developments in machine learning and AI technologies in the upcoming period.

Report Overview

To gain a better perspective of the market, MRFR covers significant macro and micro aspects of the market so as to ensure that the report covers all the aspects that would enable a better understanding of prevalent trends. The scope of research includes definitions of the market as well as its structure so as to present the findings of the research better. The market estimates further enable comprehensive market knowledge in the coming years. The segments in the market are done on the basis of component and vertical. The component-based segmentation comprises of hardware and software. The vertical based segmentation comprises of automotive, healthcare, agriculture, security, sports & entertainment. The spread of AI in computer vision is thoroughly mapped and identifies the regions that are progressing in the adoption and development of the market. The regions that are encompassed in AI in computer vision market are Asia Pacific, North America, Europe and the rest of the world.

Report Coverage

Key player’s market share analysis, historical market trends, market value by region as well as by country-level analysis for each market segment, market dynamics, forecast, segmentation, and market factor analysis which includes supply chain and Porter’s five forces analysis of the market are the aspects covered in the AI in computer vision market.

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Companies Covered

Qualcomm Technologies, Inc. (US), Google LLC (US), Allied Vision Technologies GmbH (Germany), Basler AG (Germany), NVIDIA Corporation (US), Facebook (US), Microsoft Corporation (US), Intel Corporation (US), Apple Inc. (US), and COGNEX Corporation (US) are the foremost companies in the market of AI in computer vision.

Research Methodology

Market Research Future conveys a great deal of lucidity connected to the current market scenarios and how the present players are managing in the existing setup. The research process incorporates an inherent ability to include all outlooks relevant to creating a well-informed view of any given market. The combined use of primary and secondary research enhances the efficiency of the process in attaining the purpose identified. Through our reports, clients gain access to information that can help alter the strategies connected to their market considerably helping them to gain a key portion of the market. The top strategies for growth in the market are emphasized upon so as to advance the market intensively. The top up and bottom down approaches engaged are beneficial in detecting the trends that will be influencing the market in the forecast period.

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Segmental Analysis

The Global Ai In Computer Vision Market is segmented to gauge a better understanding of the market.

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Sports & Entertainment

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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