COVID-19 Impact: What to Expect From AI Based Camera Industry in 2020? | Know the AI Based Camera Industry help For Logistics, Healthcare, Automotive and more…

According to AllTheResearch, the Global AI Based Camera Market Ecosystem was valued at US$ 3 Bn in 2018 and is expected to reach US$ XX Mn by the end of the forecast period, expanding at a CAGR of 12% by 2027
Snapshot of Global AI Based CameraMarket Ecosystem:
The computer vision technology is a branch of artificial intelligence that is programmed in AI based camera software to monitor, interpret, and analyze the situation, using deep learning algorithms. Image classification in AI based cameras helps classify images to distinguish between persons, objects, etc., by using the previously stored training datasets

The growth of thisAI Based Camera Marketis primarily driven by increasing disposable incomes, growing technological innovation in Logistics, Healthcare, Automotive, Retail, BFSI, Defence industry. According to our estimates, the public and social sector holds approximately 40% share in the AI based camera market, followed by retail, automotive, healthcare, and BFSI. Smart cities are a major application area for AI based camera ecosystem. They are mainly used for surveillance and traffic monitoring. In New York, around 998 people were arrested through facial recognition technology in 2018. Further, in Australia, AI based cameras are used to monitor drivers who use cell phones illegally while driving and to send a warning notification

What's ai? Ai is a genre of pc technology that examines if we will teach a laptop to suppose or, at the least, study. It is generally split into subsets of technology that attempt to emulate what people do, together with speech popularity, voice-to-textual content dictation, photo reputation and face scanning, computer vision, and machine learning.

The world is not necessarily ready for the full implications of AI cameras. Google used AI on its Google Clips wearable camera, which used AI to capture and keep only particularly memorable moments. It used an algorithm that understood the basics about photography so it didn’t waste time processing images that would definitely not make the final cut of a highlights reel

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Impact of COVID-19:

AI Based Camera Market report analyses the impact of Coronavirus (COVID-19) on the AI Based Camera industry.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the AI Based Camera market in 2020.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.

COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.

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Global AI Based CameraMarket Segmentation:
Following Top Key players are profiled in this Market Study:
Nvidia, Qualcomm, Samsung, IBM, and Intel, Microsoft and Other

By Application:Logistics, Healthcare, Automotive, Retail, BFSI, Defence, Aerospace, Consumer industry, Others

Global AI Based Camera Ecosystem

Rapid technological advancements have resulted in the growth of the AI based camera market. Hardware will account for more than 35% of spending made on smart cities, as of 2019. Processor manufacturers like Nvidia, Qualcomm, Samsung, IBM, and Intel will also have higher demand. More than USD 75Bn is likely to be spent on smart city projects worldwide, among which the US and China occupy the first two positions. The US, China, the UK, UAE, Singapore, Australia, and India are some countries witnessing major transformations due to smart city projects, which contribute to the demand for AI based cameras. The Middle East and Africa will invest more than USD 2 Bn by 2021. Asia Pacific is to witness major transformations and its spending on AI systems is expected to grow at a CAGR of more than 35% between 2018 and 2022. These are some of the factors that will contribute to the growth of the AI based camera ecosystem.

Table of Content:
Ecosystem Report Table of Content

Introduction
Global AI Based CameraMarket Ecosystem Definition
Scope of study
Executive Summary
Global Market Segmentation
AI Based CameraMarket Ecosystem Positioning

Global AI Based CameraMarket Ecosystem Snapshot
Global AI Based CameraMarket Ecosystem Segmentation
By Component
AI Based CameraMarket Ecosystem Sizing, Volume, and ASP Analysis and Forecast

Global AI Based CameraMarket Ecosystem Sizing and Volume
Cross-segmentation
And More…

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AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realise, that its not just sheer data-points, but the right analysis that creates a difference.

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