Europe Vision Transformers Market Size, Share & Industry Trends Analysis Report By Component (Solution (Software, Hardware), and Professional Services), By Vertical, By Application, By Country and Growth Forecast, 2023 - 2030
The Europe Vision Transformers Market would witness market growth of 36.8% CAGR during the forecast period (2023-2030).
Automation is a driving force in many industries, and vision transformation technologies are crucial in automating tasks like quality control, object detection, and visual inspection. Automation and efficiency can help businesses save time and resources and improve the precision of their decision-making processes; consequently, many industries are implementing these to automate their processes and increase their efficiency. In retail, computer vision systems monitor inventory levels and sales trends to help retailers decide which products to stock and how to allocate resources. These are very useful in the medical field.
Combining these with other neural network architectures, such as convolutional neural networks (CNNs), creates hybrid models that take advantage of the strengths of both approaches. This trend enhances performance and efficiency in various applications. The integration of these with natural language processing (NLP) models has given rise to multimodal AI, allowing systems to understand and interact with both text and images simultaneously. This opens new possibilities for applications in recommendation systems, social media analysis, and more.
According to Government of UK, the European region, with its highly interconnected supply chains and substantial demand for cars made in the UK, has helped the UK automotive sector, which offers various products, including premium, niche, and volume vehicles. ViTs can power ADAS features like adaptive cruise control, lane-keeping assistance, and collision avoidance systems, improving safety and reducing accidents on UK roads. All these factors will uplift the regional market’s expansion in coming years.
The Germany market dominated the Europe Vision Transformers Market by Country in 2023 and would continue to be a dominant market till 2030; thereby, achieving a market value of $142.5 Million by 2030. The UK market is exhibiting a CAGR of 35.6% during (2023 - 2030). Additionally, The France market would experience a CAGR of 37.9% during (2023 - 2030).
Based on Component, the market is segmented into Solution (Software, Hardware), and Professional Services. Based on Vertical, the market is segmented into Media & Entertainment, Government, Automotive, Retail & Ecommerce, Healthcare & Lifesciences, and Others. Based on Application, the market is segmented into Object Detection, Image Classification, Image Segmentation, Image Captioning, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), NVIDIA Corporation, Google LLC (Alphabet Inc.), OpenAI, L.L.C., Synopsys, Inc., Microsoft Corporation, Qualcomm Incorporated, Intel Corporation, LeewayHertz, and Clarifai, Inc.
Scope of the Study
Market Segments covered in the Report:
By Component
- Solution
- Software
- Hardware
- Professional Services
- Media & Entertainment
- Government
- Automotive
- Retail & Ecommerce
- Healthcare & Lifesciences
- Others
- Object Detection
- Image Classification
- Image Segmentation
- Image Captioning
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NVIDIA Corporation
- Google LLC (Alphabet Inc.)
- OpenAI, L.L.C.
- Synopsys, Inc.
- Microsoft Corporation
- Qualcomm Incorporated
- Intel Corporation
- LeewayHertz
- Clarifai, Inc.
- Exhaustive coverage
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Vision Transformers Market, by Component
- 1.4.2 Europe Vision Transformers Market, by Vertical
- 1.4.3 Europe Vision Transformers Market, by Application
- 1.4.4 Europe Vision Transformers Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Recent Strategies Deployed in the Vision Transformers Market
- Chapter 5. Europe Vision Transformers Market by Component
- 5.1 Europe Solution Market by Country
- 5.2 Europe Vision Transformers Market by Solution Type
- 5.2.1 Europe Software Market by Country
- 5.2.2 Europe Hardware Market by Country
- 5.3 Europe Professional Services Market by Country
- Chapter 6. Europe Vision Transformers Market by Vertical
- 6.1 Europe Media & Entertainment Market by Country
- 6.2 Europe Government Market by Country
- 6.3 Europe Automotive Market by Country
- 6.4 Europe Retail & Ecommerce Market by Country
- 6.5 Europe Healthcare & Lifesciences Market by Country
- 6.6 Europe Others Market by Country
- Chapter 7. Europe Vision Transformers Market by Application
- 7.1 Europe Object Detection Market by Country
- 7.2 Europe Image Classification Market by Country
- 7.3 Europe Image Segmentation Market by Country
- 7.4 Europe Image Captioning Market by Country
- 7.5 Europe Others Market by Country
- Chapter 8. Europe Vision Transformers Market by Country
- 8.1 Germany Vision Transformers Market
- 8.1.1 Germany Vision Transformers Market by Component
- 8.1.1.1 Germany Vision Transformers Market by Solution Type
- 8.1.2 Germany Vision Transformers Market by Vertical
- 8.1.3 Germany Vision Transformers Market by Application
- 8.2 UK Vision Transformers Market
- 8.2.1 UK Vision Transformers Market by Component
- 8.2.1.1 UK Vision Transformers Market by Solution Type
- 8.2.2 UK Vision Transformers Market by Vertical
- 8.2.3 UK Vision Transformers Market by Application
- 8.3 France Vision Transformers Market
- 8.3.1 France Vision Transformers Market by Component
- 8.3.1.1 France Vision Transformers Market by Solution Type
- 8.3.2 France Vision Transformers Market by Vertical
- 8.3.3 France Vision Transformers Market by Application
- 8.4 Russia Vision Transformers Market
- 8.4.1 Russia Vision Transformers Market by Component
- 8.4.1.1 Russia Vision Transformers Market by Solution Type
- 8.4.2 Russia Vision Transformers Market by Vertical
- 8.4.3 Russia Vision Transformers Market by Application
- 8.5 Spain Vision Transformers Market
- 8.5.1 Spain Vision Transformers Market by Component
- 8.5.1.1 Spain Vision Transformers Market by Solution Type
- 8.5.2 Spain Vision Transformers Market by Vertical
- 8.5.3 Spain Vision Transformers Market by Application
- 8.6 Italy Vision Transformers Market
- 8.6.1 Italy Vision Transformers Market by Component
- 8.6.1.1 Italy Vision Transformers Market by Solution Type
- 8.6.2 Italy Vision Transformers Market by Vertical
- 8.6.3 Italy Vision Transformers Market by Application
- 8.7 Rest of Europe Vision Transformers Market
- 8.7.1 Rest of Europe Vision Transformers Market by Component
- 8.7.1.1 Rest of Europe Vision Transformers Market by Solution Type
- 8.7.2 Rest of Europe Vision Transformers Market by Vertical
- 8.7.3 Rest of Europe Vision Transformers Market by Application
- Chapter 9. Company Profiles
- 9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 SWOT Analysis
- 9.2 NVIDIA Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.6 SWOT Analysis
- 9.3 Google LLC (Alphabet Inc.)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.6 SWOT Analysis
- 9.4 OpenAI, L.L.C.
- 9.4.1 Company Overview
- 9.4.2 SWOT Analysis
- 9.5 Synopsys, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 Microsoft Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Qualcomm Incorporated
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Intel Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.6 SWOT Analysis
- 9.9 LeewayHertz
- 9.9.1 Company Overview
- 9.9.2 SWOT Analysis
- 9.10. Clarifai, Inc.
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
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