Computer Vision Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Computer Vision Market
The global computer vision market size was valued at USD 20.31 billion in 2023 and is projected to grow from USD 25.41 billion in 2024 to USD 175.72 billion by 2032, exhibiting a CAGR of 27.3% during the forecast period of 2024-2032.
The COVID-19 pandemic has extended the boom of the laptop imaginative and prescient market. With social distancing measures and accelerated reliance on far-off technologies, there may be a surge in demand for laptop imaginative and prescient solutions for various programs, such as healthcare, retail, and production, affecting computer vision market growth.
The computer vision market is pushed by factors such as a growing call for automation throughout various industries, rising adoption of artificial intelligence and deep getting-to-know technologies, and an ever-increasing need for efficient surveillance and security structures.
Generative AI, a powerful ally of computers' imagination and prescience, is revolutionizing the field by growing new records. This innovation allows computer vision structures to decorate training packages with realistic simulations and generate innovative product designs primarily based on current facts, impeding the global rise in computer vision market share. The synergy between generative AI and computer vision is expanding the skills of each technology, unlocking new possibilities for obligations previously deemed impossible. This advancement indicates a giant jump ahead in the software of PC vision, promising to cope with complex challenges across various industries with unheard-of performance and accuracy.
Comprehensive Analysis of Computer Vision Market
The computer vision market is segmented into deployment, utility, and enterprise. In phrases of deployment, the on-premises phase dominates the market due to its capacity to hold and manipulate sensitive facts, reduce latency, and meet compliance standards. The facial popularity segment leads the software market, driven by its use in security and surveillance packages. The production section is the largest within the enterprise marketplace, driven by its use in examining products for defects and reading pix of equipment to come across anomalies. The healthcare phase is expected to develop at the best CAGR, using its use in reading scientific snapshots for diagnoses and improving patient care.
The North American region led the medical devices market by benefitting a size of USD 6.29 billion in 2023 due to the increase of the PC imaginative and prescient market fueled by the increasing adoption of the IoT era, robust IT, and telecom infrastructure.
Leading companies in the computer vision market drastically affect the company's growth trajectory and set enterprise standards. These key players, consisting of Intel Corporation (U.S.), Amazon (U.S.), Nvidia Corporation (U.S.), Cogniac (U.S.), Matroid Inc. (U.S.), Techsee (Israel), alwaysAI (U.S.), Microsoft Corporation (U.S.), Clarifai (U.S.), and Omron Corporation (Japan), contribute to an aggressive panorama, driving innovation and market development in computer vision programs which include item detection, facial reputation, and image segmentation.
In August 2023, TechSee collaborated with Amazon Web Services to decorate its skills with Amazon Connect, a cloud-primarily based touch center answer. Combining the strength of synthetic intelligence and augmented fact allows agencies to deliver more green and robust customer service experiences.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 27.3% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Deployment
On-premise
Cloud-based
By Application
Facial Recognition
Image Classification
Object Detection
Object Tracking
Others (Edge Detection and Feature Matching)
By Industry
Automotive
Manufacturing
Healthcare
Retail
Agriculture
Logistics
Others (Government)
By Region
North America (By Deployment, By Application, By Industry, and By Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
South America (By Deployment, By Application, By Industry, and By Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
Europe (By Deployment, By Application, By Industry, and By Country)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Benelux (By Application)
- Nordics (By Application)
- Rest of Europe
Middle East & Africa (By Deployment, By Application, By Industry, and By Country)
- Turkey (By Application)
- Israel (By Application)
- GCC (By Application)
- South Africa (By Application)
- North Africa (By Application)
- Rest of the Middle East & Africa
Asia Pacific (By Deployment, By Application, By Industry, and By Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- ASEAN (By Application)
- Oceania (By Application)
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of Generative AI
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Computer Vision Key Players Market Share/Ranking, 2023
- 5. Global Computer Vision Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. On-premise
- 5.2.2. Cloud-based
- 5.3. By Application (USD)
- 5.3.1. Facial Recognition
- 5.3.2. Image Classification
- 5.3.3. Object Detection
- 5.3.4. Object Tracking
- 5.3.5. Others (Edge Detection, Feature Matching, etc.)
- 5.4. By Industry (USD)
- 5.4.1. Automotive
- 5.4.2. Manufacturing
- 5.4.3. Healthcare
- 5.4.4. Retail
- 5.4.5. Agriculture
- 5.4.6. Logistics
- 5.4.7. Others (Government, etc.)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Computer Vision Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. On-premise
- 6.2.2. Cloud-based
- 6.3. By Application (USD)
- 6.3.1. Facial Recognition
- 6.3.2. Image Classification
- 6.3.3. Object Detection
- 6.3.4. Object Tracking
- 6.3.5. Others
- 6.4. By Industry (USD)
- 6.4.1. Automotive
- 6.4.2. Manufacturing
- 6.4.3. Healthcare
- 6.4.4. Retail
- 6.4.5. Agriculture
- 6.4.6. Logistics
- 6.4.7. Others
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.1.1. By Application
- 6.5.2. Canada
- 6.5.2.1. By Application
- 6.5.3. Mexico
- 6.5.3.1. By Application
- 7. South America Computer Vision Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. On-premise
- 7.2.2. Cloud-based
- 7.3. By Application (USD)
- 7.3.1. Facial Recognition
- 7.3.2. Image Classification
- 7.3.3. Object Detection
- 7.3.4. Object Tracking
- 7.3.5. Others
- 7.4. By Industry (USD)
- 7.4.1. Automotive
- 7.4.2. Manufacturing
- 7.4.3. Healthcare
- 7.4.4. Retail
- 7.4.5. Agriculture
- 7.4.6. Logistics
- 7.4.7. Others
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.1.1. By Application
- 7.5.2. Argentina
- 7.5.2.1. By Application
- 7.5.3. Rest of South America
- 8. Europe Computer Vision Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. On-premise
- 8.2.2. Cloud-based
- 8.3. By Application (USD)
- 8.3.1. Facial Recognition
- 8.3.2. Image Classification
- 8.3.3. Object Detection
- 8.3.4. Object Tracking
- 8.3.5. Others
- 8.4. By Industry (USD)
- 8.4.1. Automotive
- 8.4.2. Manufacturing
- 8.4.3. Healthcare
- 8.4.4. Retail
- 8.4.5. Agriculture
- 8.4.6. Logistics
- 8.4.7. Others
- 8.5. By Country (USD)
- 8.5.1. United Kingdom
- 8.5.1.1. By Application
- 8.5.2. Germany
- 8.5.2.1. By Application
- 8.5.3. France
- 8.5.3.1. By Application
- 8.5.4. Italy
- 8.5.4.1. By Application
- 8.5.5. Spain
- 8.5.5.1. By Application
- 8.5.6. Russia
- 8.5.6.1. By Application
- 8.5.7. Benelux
- 8.5.7.1. By Application
- 8.5.8. Nordics
- 8.5.8.1. By Application
- 8.5.9. Rest of Europe
- 9. Middle East & Africa Computer Vision Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. On-premise
- 9.2.2. Cloud-based
- 9.3. By Application (USD)
- 9.3.1. Facial Recognition
- 9.3.2. Image Classification
- 9.3.3. Object Detection
- 9.3.4. Object Tracking
- 9.3.5. Others
- 9.4. By Industry (USD)
- 9.4.1. Automotive
- 9.4.2. Manufacturing
- 9.4.3. Healthcare
- 9.4.4. Retail
- 9.4.5. Agriculture
- 9.4.6. Logistics
- 9.4.7. Others
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.1.1. By Application
- 9.5.2. Israel
- 9.5.2.1. By Application
- 9.5.3. GCC
- 9.5.3.1. By Application
- 9.5.4. North Africa
- 9.5.4.1. By Application
- 9.5.5. South Africa
- 9.5.5.1. By Application
- 9.5.6. Rest of MEA
- 10. Asia Pacific Computer Vision Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Deployment (USD)
- 10.2.1. On-premise
- 10.2.2. Cloud-based
- 10.3. By Application (USD)
- 10.3.1. Facial Recognition
- 10.3.2. Image Classification
- 10.3.3. Object Detection
- 10.3.4. Object Tracking
- 10.3.5. Others
- 10.4. By Industry (USD)
- 10.4.1. Automotive
- 10.4.2. Manufacturing
- 10.4.3. Healthcare
- 10.4.4. Retail
- 10.4.5. Agriculture
- 10.4.6. Logistics
- 10.4.7. Others
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.1.1. By Application
- 10.5.2. India
- 10.5.2.1. By Application
- 10.5.3. Japan
- 10.5.3.1. By Application
- 10.5.4. South Korea
- 10.5.4.1. By Application
- 10.5.5. ASEAN
- 10.5.5.1. By Application
- 10.5.6. Oceania
- 10.5.6.1. By Application
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Intel Corporation
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Amazon
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Nvidia Corporation
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Cogniac
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Matroid Inc.
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Techsee
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. alwaysAI
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Microsoft Corporation
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Clarifai
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Omron Corporation
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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