Dublin, May 16, 2018 (GLOBE NEWSWIRE) -- The "AI in Computer Vision Market by Component (Hardware, Software), Vertical (Automotive, Sports & Entertainment, Consumer, Robotics & Machine Vision, Healthcare, Security & Surveillance, Agriculture), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The AI in computer vision market is expected to be valued at USD 3.62 billion in 2018 and is expected to reach USD 25.32 billion by 2023, at a CAGR of 47.54% between 2018 and 2023

A major factor driving the market include growing demand for edge computing in mobile devices. However, rising security concerns related to cloud-based image processing and analytics are restraining factors for the AI in computer vision market.

The market for software is expected to hold the largest share during the forecast period as AI Solutions are created using nonprocedural languages such as LISP and PROLOG. These languages allow systems to learn and modify responses according to the environment. This is expected to reduce the volume and complexity of data in various verticals.

The market for automotive is expected to grow at the highest rate during the forecast period. Key reasons contributing to the growth of the automotive in the AI in computer vision market are the initiatives taken by the Chinese government to support AI by providing funding for research and development, support for workforce development, and suggestions for international collaboration and expansion.

The market for AI in computer vision in APAC is expected to grow at the highest rate during the forecast period. The key reasons attributing to the growth of the AI in computer vision market in APAC is the government funding of approximately USD 477 million to promote machine learning, 3D printing, and other technologies in India.

The market for AI in computer vision is expected to hold the largest share in North America. Key reasons attributing to the growth is the solution that combines computer vision and deep learning algorithms and identifies potential hazards, and speed and distance.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insight
4.1 Growing Impact of AI in Computer Vision
4.2 Global AI in Computer Vision Market, By Component
4.3 AI in Computer Vision Market, By Country
4.4 China to Dominate the AI in Computer Vision Market in APAC in 2018
4.5 AI Solution Software in AI in Computer Vision Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Growing Demand for Edge Computing in Mobile Devices Increasing Demand for Computer Vision Systems in Non-Traditional and Emerging Applications Growing Impact of AI in Machine Vision
5.2.2 Restraints Rising Security Concerns Related to Cloud-Based Image Processing and Analytics Lack of Awareness and Technical Knowledge
5.2.3 Opportunities Development of Machine Learning Regarding Vision Technology Increased Computing Capacity of AI Based GPUs
5.2.4 Challenges Premium Pricing of AI Hardware

6 AI in Computer Vision Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Processors CPU GPU FPGA ASIC VPU
6.2.2 Memory
6.2.3 Network
6.3 Software
6.3.1 AI Platform
6.3.2 AI Solution

7 AI in Computer Vision Market, By Vertical
7.1 Introduction
7.2 Automotive
7.2.1 ADAS and Infotainment
7.2.2 Autonomous and Semi-Autonomous Vehicles
7.3 Sports and Entertainment
7.3.1 Virtual Reality/Augmented Reality
7.3.2 Ball Tracking and Player Tracking
7.3.3 Commercial Insertion
7.4 Consumer
7.4.1 Gaming
7.4.2 Cameras
7.4.3 Wearables
7.4.4 Smart Phones
7.5 Robotics and Machine Vision
7.5.1 Quality Assurance & Inspection
7.5.2 Positioning and Guidance
7.5.3 Others
7.6 Healthcare
7.6.1 Radiology
7.6.2 Medical Adherence
7.7 Security and Surveillance
7.7.1 Biometrics
7.7.2 Image and Video Analytics
7.7.3 AI-Guided Drone-Based Surveillance
7.8 Agriculture
7.8.1 Crop Monitoring
7.8.2 Automated Irrigation System
7.9 Others

8 Geographic Analysis

9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking Analysis: AI in Computer Vision Market
9.3 Competitive Situations and Trends
9.3.1 Product/Solution Launches, (2016-2017)
9.3.2 Partnerships/Collaborations, (2016-2017)
9.3.3 Acquisitions, (2017)

10 Company Profiles
10.1 Key Players
10.1.1 Nvidia
10.1.2 Intel
10.1.3 Alphabet
10.1.4 Qualcomm
10.1.5 Apple
10.1.6 Microsoft
10.1.7 Facebook
10.1.8 Xilinx
10.1.9 Basler
10.1.10 Teledyne Technologies
10.1.11 Wikitude
10.1.12 Cognex
10.1.13 General Electric
10.1.14 Avigilon
10.2 Other Key Player
10.2.1 Omron
10.2.2 Irida Labs
10.2.3 Sony
10.2.4 Perceptron
10.2.5 Allied Vision Technologies
10.2.6 Berkeley Design
10.3 Key Innovators
10.3.1 Leap Motion
10.3.2 Algolux
10.3.3 Clarifai
10.3.4 Ditto Labs
10.3.5 Mad Street Den

For more information about this report visit https://www.researchandmarkets.com/research/6h8hmx/25_billion_ai_in?w=12

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Related Topics: Artificial Intelligence