AI in Computer Vision Market Accelerates with Cloud-Based and On-Premise Deployment Innovations

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " AI in Computer Vision Market - (By Type of Component (Hardware and Software), by Type of Function (Training, Interference), by Type of Machine Learning Models (Supervised Learning, Unsupervised Learning), by Type of Deployment (Cloud-based and On-premise), by Areas of Application (Facial Recognition, Image Classification, Object Detection, Object Tracking, and Others), by Type of Product (PC-Based Computer Vision System, Smart Camera-Based Computer Vision System), by Type of End Users (Automotive, Consumer Electronics, Healthcare, Manufacturing, Retail, Security and Surveillance, Sports and Entertainment, and Others), by Company Size (Large Enterprises, Small and Medium Enterprises (SMEs)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the AI in Computer Vision Market is valued at USD 19.0 Bn in 2024, and it is expected to reach USD 172.6 Bn by the year 2034 , with a CAGR of 24.8% during the forecast period of 2025-2034.

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Artificial Intelligence (AI) in computer vision empowers systems to extract actionable insights from visual data, significantly enhancing their capacity to interpret digital images, video streams, and other sensory inputs. The integration of AI with neural network technologies plays a pivotal role in advancing these capabilities. Sophisticated AI algorithms can efficiently process and analyze vast volumes of both structured and unstructured visual data, enabling the accurate identification of patterns, features, and correlations across diverse datasets.

Furthermore, the convergence of advanced imaging technologies with AI and Internet of Things (IoT) platforms facilitates real-time, comprehensive data analysis, thereby supporting more informed and timely decision-making. This technological integration is driving innovation and operational improvements across multiple industries. The AI-powered computer vision market is witnessing substantial growth, underpinned by rising investments in AI research and development, as well as a strategic emphasis on harnessing data-driven insights. Consequently, AI-enabled computer vision is increasingly positioned as a foundational component of modern digital infrastructure.

List of Significant Players in the AI in Computer Vision Market:
• Alphabet Inc.
• Advanced Micro Devices, Inc. (commonly known as AMD)
• Amazon Web Services, Inc.
• Apple Inc.
• Baumer Optronic GmbH
• Basler AG
• Baidu, Inc.
• Cognex Corporation
• CEVA, Inc.
• Meta Platforms, Inc. (formerly Facebook, Inc.)
• General Electric Company
• Honeywell International Inc.
• Huawei Technologies Co., Ltd.
• International Business Machines Corporation (commonly known as IBM)
• Intel Corporation
• JAI A/S
• KEYENCE Corporation
• Matterport, Inc.
• MediaTek Inc.
• Microsoft Corporation
• NI (National Instruments Corporation)
• NVIDIA Corporation
• Omron Corporation
• Qualcomm Incorporated
• Samsung Electronics Co., Ltd.
• SenseTime Group Limited
• Sony Group Corporation
• Teledyne Technologies Incorporated
• Texas Instruments Incorporated
• Tencent Holdings Limited
• Other Market Players

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Market Dynamics
Drivers:
The escalating demand for artificial intelligence (AI) in computer vision is primarily fueled by the increasing adoption of automation across a broad spectrum of industries. Automation technologies, designed to perform tasks with minimal human involvement, are essential for enhancing operational efficiency and productivity. AI-driven computer vision solutions play a pivotal role in this transformation by enabling advanced visual data interpretation and autonomous decision-making. As enterprises strive to optimize workflows and minimize manual intervention, the implementation of AI-integrated computer vision systems is gaining momentum, serving as a significant catalyst for market expansion.

Challenges:
Despite the promising outlook, the high cost associated with the development and deployment of AI-based computer vision systems remains a key obstacle to widespread adoption. Implementation typically requires substantial investment in specialized hardware, advanced software platforms, and technically skilled personnel. For small and medium-sized enterprises (SMEs), these costs-including those for software licensing, procurement of high-performance computing equipment, and ongoing system maintenance-can be prohibitive. Furthermore, the necessity for workforce training and upskilling to effectively support AI integration adds to the overall financial burden, posing a notable challenge to market growth, particularly in organizations with constrained technological infrastructure.

Regional Trends:
The Asia-Pacific region is projected to account for a significant portion of the global AI in computer vision market, supported by a strong compound annual growth rate (CAGR) over the forecast period. This growth is primarily driven by increased investments in research and development, rapid adoption of automation technologies, and expanding applications in industries such as healthcare. In contrast, Europe continues to hold a prominent position in the market, underpinned by sustained technological advancements and favorable government initiatives. Notably, the region's energy sector is emerging as a key adopter of AI technologies, propelled by supportive regulatory frameworks and a strategic focus on modernization and efficiency improvements.

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Recent Developments:
• In June 2024, NVIDIA Research Demonstrated Progress in Visual Generative AI at CVPR. NVIDIA Research will present over 50 papers, including AI software with potential applications in creative sectors, autonomous vehicle development, healthcare, and robotics.

Segmentation of AI in Computer Vision Market-
By Component-
• Hardware
• Software
By Function-
• Training
• Interference
By Machine Learning Models-
• Supervised Learning
• Unsupervised Learning
By Deployment-
• Cloud-Based
• On-Premises
By Areas of Application-
• Facial Recognition
• Image Classification
• Object Detection
• Object Tracking
• Others
By Product-
• PC-Based Computer Vision System
• Smart Camera-Based Computer Vision System
By End Users-
• Automotive
• Consumer Electronics
• Healthcare
• Manufacturing
• Retail
• Security & Surveillance
• Sports & Entertainment
• Others
By Company Size-
• Large Enterprises
• Small and Medium Enterprises
By Business Model-
• B2B
• B2C
• B2B2C
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/ai-in-computer-vision-market/2919

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.