Rising demand for quality inspection and automation and government initiatives for development of AI-related technologies is driving AI in computer vision market revenue growth
The global Artificial Intelligence (AI) in computer vision market size is expected to reach USD 130.57 Billion in 2030 and register a revenue CAGR of 26.3% over the forecast period, according to the latest report by Reports and Data. Rising demand for computer vision systems in automotive applications and increasing demand for emotion AI are key factors driving revenue growth in the AI in computer vision market.
AI is the ability of a computer or a computer-enabled robotic system to manage data, produce output, and provide problem-solving outcomes that are similar to human thought processes. Computer vision is a branch of computer science that aims to simulate complexity of human vision system, allowing computers to recognize and process objects in images and videos in the same way that humans do. Major driving force behind development of computer vision is massive amount of data generated in everyday life and computer vision help to process them more efficiently and quickly. Accuracy of object detection has improved, as new hardware and algorithms in computer vision, have been introduced.
Emotion AI, also known as affective computing or artificial emotional intelligence, is a subset of AI (broad term for machines replicating way humans think) that measures understanding, simulates, and reacts to human emotions. . It’s commonly used in mobile applications, such as Snapchat and Instagram filters for entertainment and fun, which is boosting growth of Emotion AI, which is also used for face recognition in high-level security devices.
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Companies profiled in the global market report include NVIDIA Corporation, Intel Corporation, Microsoft., IBM, Qualcomm Technologies, Inc., Amazon Web Service, Inc., Advanced Micro Device, Inc. Google, AlphaTechsys, and Hailo.
Some Key Highlights From the Report
For the purpose of this report, Reports and Data has segmented the AI in computer vision market based on component, machine learning model, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2019–2030)
Machine Learning Model Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
End-use Outlook (Revenue, USD Billion; 2019–2030)
Regional Outlook (Revenue, USD Billion; 2019–2030)
Key Advantages of Artificial Intelligence (AI) in Computer Vision Report:
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