Computer Vision System Market Demand, Growth, Trend, Business Opportunities, Manufacturers and Research Methodology by 2

Global Computer Vision System market is forecast to reach USD 25.69 Billion by 2028, according to a new report by Reports and Data

 

 

Increased advancements in information and communication technology [ICT], increased demand for vision-guided robotic systems, and continuous RD in digital technology resulted in boosting Computer Vision System market. 

The Global Computer Vision System market is forecast to reach USD 25.69 Billion by 2028, according to a new report by Reports and Data. The Computer Vision System market is witnessing continuous growth in the recent year that has been primarily driven by significant advancements in the information and communication technology sector. The constant emphasis on RD in the industry has resulted in developments like artificial learning, and machine learning, which is opening new avenues for the application of computer vision systems. Such expansion in areas of application is positively impacting the growth of the market. The growth of the industry has also been driven by increased demand for computer vision systems for industrial applications like in the automotive industry as well as non- industrial sectors such as healthcare sector.

Apart from the factors mentioned above, one of the essential traits of the computer vision system is high accuracy, which is also contributing to the expansion of the market. The mentioned trait of computer vision system results in its increased application for diverse operations ranging from identification to quality assurance inspection in various industrial as well as non-industrial functioning. The high utility of computer vision system is also boosting the growth of the market. Increased investments and continuous emphasis on product developments by key players of the market is also contributing to its growth. One of such mentionable market developments were made by Keyence, a key player of the market in 2017, which introduced the 3D vision system that presented point-and-click tools to measure 3D objects. Such advancements in the market have a positive impact on it.       

The global information and communications technology (ICT) market registered steady revenue growth in 2020, and market size is expected to increase further over the forecast period. Factors contributing to the global ICT market revenue growth are growing penetration of smart mobile devices such as smartphones, tablets, and smart watches, rapid adoption of state-of-the-art technologies such as AI, machine learning, Internet of Things (IoT), big data analytics, and cloud computing, and rapid digitalization across numerous  industries including the banking finance, education, healthcare, automotive, oil gas, agriculture, buildings construction, and power energy industries. Increasing accessibility of the Internet across the globe, emergence of the 5G technology, growing need for faster Internet services for rapid data transfer processing, introduction of advanced Wi-Fi systems, and rising data security and user safety concerns among consumers are some of the other factors expected to drive the ICT market revenue growth.  

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Table of Contents:

 

  1. Report Overview 
    1.1 Research Scope
    1.2 Key Computer Vision System market segments
    1.3 Major players
    1.4 Market analysis by product type
    1.5 Market analysis by application
    1.6 Report timeline

 

  1. Global Growth Trends
    2.1 Global Computer Vision System market size
    2.2 Latest regional market trends
    2.3 Emerging growth trends

 

  1. Competitive Outlook
    3.1 Global Computer Vision System market key players
    3.2 Global Computer Vision System size by manufacturers
    3.3 Products of major players
    3.4 Entry barriers in the Computer Vision System market
    3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

 

Regional Markets Highlighted in the Global Computer Vision System Market Report:

 

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Rest of Middle East Africa

Top Companies Profiled in the Report:

Basler, Keyence, Cognex, Omron, Texas Instruments, Cognex, Teledyne Technologies, Sony, Intel, National Instruments, and Mvtec Software.

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