Press release
Visual Computing Market Size, Industry Shares, Global Growth and Demand Forecast to 2030
Advancements in display technologies and their applications across various industries further fuel this growth. Customizable hardware and software solutions cater to diverse display platforms, including interactive whiteboards, kiosks, tables, video walls, and monitors. Industries such as gaming, media and entertainment, healthcare, automotive, manufacturing, and defense are increasingly integrating visual computing technologies, underscoring its expansive influence on modern technology and user experiences.
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Key Insights
Component Analysis:
Hardware is the larger segment in the visual computing market and is expected to generate $70 billion in revenue by 2030. The high demand for powerful GPUs, graphics cards, CPUs, field-programmable gate arrays (FPGAs), and specialized processors drives this segment. These components enable real-time interactive graphics, delivering captivating user experiences. Innovations such as AI accelerators, ray-tracing-enabled GPUs, and VR headsets have become integral to visual computing. The growing popularity of interactive experiences in e-sports and online gaming, along with the shift toward 4K and 8K gaming with ray tracing and AI-enhanced graphics, necessitates high-performance hardware solutions.
Display Platform Analysis:
Interactive video walls represent the largest segment in the market, widely utilized in control rooms, airports, and retail environments to create dynamic, engaging visual displays. These walls offer flexibility in presenting content, capable of displaying multiple sources simultaneously, making them ideal for advertising and information dissemination.
Interactive kiosks are the fastest-growing segment, projected to grow at a CAGR of 20% during the forecast period. Their convenience and user-friendly interfaces make them increasingly popular in retail, healthcare, transportation, and hospitality industries, enhancing customer interactions by providing information and facilitating transactions.
Industry Analysis:
The gaming industry holds the largest revenue share, accounting for 55% in 2024. The demand for high-quality gaming experiences drives the adoption of advanced GPUs, ray tracing technology, and AI-powered image enhancement. The rise of 4K and VR gaming, along with the expansion of cloud gaming platforms that rely on high-performance computing to stream games with minimal latency, further propels this segment.
Healthcare emerges as the fastest-growing segment, with visual computing technologies revolutionizing diagnostics and surgical planning. Advanced imaging techniques, often integrated with AR and VR, enable detailed visualization of anatomical structures, real-time imaging during surgeries, and immersive simulations for medical training. Applications in MRI, CT scans, ultrasound, and telemedicine platforms enhance patient outcomes and remote consultations.
Regional Analysis:
North America leads the visual computing market, contributing 40% of the revenue. Factors such as advanced technological infrastructure, early cloud adoption, substantial investments in innovation, and the presence of major tech enterprises like Microsoft, Google, Adobe, IBM, and Amazon drive this dominance. The region's emphasis on hybrid and multi-cloud strategies, increasing demand for AI-based services, and edge computing further bolster market growth.
Asia-Pacific is the fastest-growing market, expected to grow at a CAGR of 22%. Rapid digital transformation, increased adoption of cloud technology, and the proliferation of mobile devices contribute to this growth. Government initiatives promoting digitalization in countries like China, India, Korea, and Japan, along with a burgeoning gaming population-China alone boasts 668 million gamers-drive the demand for advanced visual computing solutions in the region.
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Technological Advancements:
The integration of artificial intelligence (AI) with visual computing marks a significant trend, leading to the development of more robust and advanced computing platforms. AI algorithms enhance tasks such as object detection, image recognition, and motion tracking, improving precision and real-time tracking. Machine learning models refine rendering techniques, facilitating accurate simulations and effective 3D visualizations in gaming and architectural design. For instance, NVIDIA's GeForce RTX 40 SUPER Series, unveiled in January 2024, enhances creative and gaming performance with AI-generated capabilities, offering features like ray tracing and deep learning super sampling (DLSS) for immersive user experiences.
Competitive Dynamics:
The visual computing market is characterized by a fragmented landscape with numerous key players driving innovation and competition. Prominent companies include NVIDIA Corporation, Intel Corporation, Advanced Micro Devices (AMD), Marvell Semiconductor, and Imagination Technologies. These industry leaders focus on developing advanced hardware and software solutions to meet the growing demand for high-quality visual experiences across various applications.
The visual computing market's rapid growth underscores its critical role in shaping interactive and immersive experiences across multiple sectors, driven by technological advancements and increasing consumer expectations.
About P&S Intelligence
P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.
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