In terms of revenue, global computer vision software market was valued at US$ 9972.90 Mn in 2020 and is anticipated to grow at a CAGR of +11.14% over the forecast period (2021-2030).The research report titled as Computer Vision Software market has recently been added by Absolute Markets Insights to its massive database which offers a lucid understanding of various business aspects of the Computer Vision Software market. The market report has been studied by means of primary and secondary research techniques. The report also covers the extensive data of historical records, existing scenarios, and future market growth prospects. Additionally, the report also offers SWOT analysis to discover market propellers and restraints of the businesses. The report also offers a holistic snapshot of the competitive landscape which helps to differentiate the competition at global and national level. In order to discover the risks and challenges faced by businesses, several types of business model have been examined.
Some of the players operating in the computer vision software market are Adaptive Vision Sp. z o.o., Algolux, Amazon Web Services, Inc., Clarifai, Inc, Cognex Corporation, Deep Vision AI Inc., Deepomatic, Google LLC, IBM Corporation, Iflexion, Microsoft, MVTec Software GmbH, NI, Omron Microscan Systems, Inc. , Opto Engineering, RoboRealm, LLC., Sighthound, Inc., amongst others.
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Facial recognition and classification systems are expected to gain popularity in the future. These systems help in accurate identification of human faces, and are being used by government bodies for the mitigating terror threats in countries like China, India, the U.S., amongst others. Amazon Rekognition, for instance, is a powerful tool that aids in the identification of faces, objects, text, scenes, etc., and can sieve out inappropriate content. The deconstruction of facial expression using Rekognition software can help in studying the emotions of individual, and is especially useful in the health and wellness industry for the diagnosis of depression and other mental illnesses.
The APAC region is expected to show the highest growth during the forecast years in the global computer vision software market. The higher adoption of computer vision systems in China and Japan, especially in the manufacturing industry, is expected to fuel this growth. In Japan, for instance, the manufacturing and automotive is effectively using computer vision technology for identifying product fault. The computer vision software market in Japan is expected to be bolstered with the greater adoption of cloud computing systems which have high processing power that aids in faster and more complex image recognition.
The report provides both, qualitative and quantitative research of computer vision software market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
Global Computer Vision Software Market:
By Offering
- Hardware
- Processors
- Memory
- Others
- Solutions
- Cloud
- On Premise
- Services
- Training and Consulting
- Design and Development
- Implementation and Maintenance
- Others
By Organization Size
- Small and Medium Enterprises
- Large Enterprises
By Industry
- Healthcare and Pharmaceutical
- Information Technology and Telecommunication
- Manufacturing
- Media and Entertainment
- Automotive
- Education and Training
- Military and Defence
- Aviation and Aerospace
- Banking, Financial Services and Insurance
- Oil and Gas
- Energy and Utilities
- Government
- Retail
- Others
By Application
- Security and Surveillance
- Automated Inspection
- Traffic Monitoring
- Content Moderation and Redaction
- Automated Shopping
- Face Recognition and Classification
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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