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Computer Vision Market size crossed USD 12 billion in 2022 and is anticipated to register over 15% CAGR from 2023 to 2032.
The paradigm shift towards smart technologies powered by next-generation artificial intelligence (AI), the internet of things (IoT), and machine learning models will complement the industry outlook. In the recent past, AI and IoT have attracted hefty investments due to their ability to help computers identify defects, objects, and flaws with the help of automated robotic systems. With the rapid penetration of smartphones and the growing advancements in facial unlock features, eye retina scanners, fingerprint scanners, and other smart features, the adoption of computer vision is expected to rise, thereby driving the industry growth
Report Attribute | Details |
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Base Year: | 2022 |
Computer Vision Market Size in 2022: | USD 12 billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 15% |
2032 Value Projection: | USD 40 billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 350 |
Tables, Charts & Figures: | 273 |
Segments covered: | Component, Product Type, Application, End-user |
Growth Drivers: |
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Pitfalls & Challenges: |
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