The global artificial intelligence (AI) in computer vision market is anticipated to grow at a CAGR of 36.1% during the forecast period (2023-2030). AI has positively impacted almost every market including computer vision globally. There is an exponential increase in the number of companies developing and using AI across the globe. For an instance in June 2023, Meta Platforms, the parent company of Facebook and Instagram, has announced its latest AI model that promises to transform image analysis and completion. The newly developed model, named I-JEPA, boasts human-like reasoning capabilities, allowing it to fill in missing elements in images accurately. With this cutting-edge technology, Meta aims to revolutionize computer vision and unlock various possibilities across various applications. These platforms are also proving to be excellent tools for complete the incomplete work or fix the errors.
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Further, companies are heavily investing in AI s entering in partnership with companies creating AI which has positively impacted AI market and the investment in AI in continuously growing. For an instance in May 2023, Everseen, provider of AI-powered computer vision and hyper automation solutions, announced that it has raised a €65 million Series A follow-on funding round led by Crosspoint Capital Partners (“Crosspoint”), a private equity firm focused on the cybersecurity, privacy and infrastructure software markets. The funding will be used to continue investment into Everseen’s computer vision AI technology and help the company scale.
Another factor supporting the market growth includes the growing adoption of strategic initiatives by various market key players. For instance, Meta has consistently demonstrated its dedication to advancing AI research by actively publishing open-source projects from its in-house research lab. The company’s CEO, Mark Zuckerberg, believes in the power of sharing research models, emphasizing that standardization drives innovation, enhances safety measures, and reduces costs. By promoting collaboration within the industry, Meta aims to lead the way in AI development and leverage the advancements made by other organizations.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Category
o By Application
o By End User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Google LLC., IBM Corp., Meta Platforms, Inc. (Facebook), Apple Inc., Microsoft Corp., and Intel® Services , among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global AI in Computer Vision Market Report Segment
By Component
By Application
By End User
Global AI in Computer Vision Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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