January 24, 2024 10:00 ET
| Source:
SkyQuest Technology Consulting Pvt. Ltd.
SkyQuest Technology Consulting Pvt. Ltd.
Westford, USA, Jan. 24, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the AI in the Computer Vision market, real-time image and video analysis, edge computing integration, explainable AI, human pose estimation, augmented reality applications, continuous advancements in neural networks, multi-modal data processing, compact and efficient models, improved accuracy in facial recognition, privacy-focused solutions, and cross-industry integration are the trends that aid in the market’s growth.
AI in computer vision is a field of artificial intelligence that enables computers to interpret and analyze the visual world, simulating the way humans see and understand their environment.
Convolutional Neural Networks (CNNs) Demand to Grow Substantially in the Forecast Period
Convolutional neural networks (CNNs) dominate the global online market as they have demonstrated their effectiveness in various computer vision tasks, including image classification, object detection, and image segmentation. They have consistently shown high accuracy and reliability.
In terms of application, autonomous vehicles are the leading segment as they heavily rely on computer vision systems to perceive and understand their surroundings. Autonomous driving systems’ safety and efficiency improvements are a significant driver of investment and adoption.
Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. The region has a strong presence of tech giants, well-established research institutions, substantial investment in AI research and development, and a favorable regulatory environment. Silicon Valley and major tech hubs have driven innovation and commercialization of computer vision applications, especially in autonomous vehicles, healthcare, and retail.
A recent report thoroughly analyzes the major players operating within the AI in Computer Vision market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for AI in Computer Vision.
https://www.skyquestt.com/speak-with-analyst/ai-in-computer-vision-market
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.