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Computer Vision Technologies and Markets

Computer vision (CV) has become commercialized in the past few years and is being deployed in a wide range of applications. The proofs-of-concepts that started a few years ago are now going into production. They are creating a new set of problems that are providing opportunities for yet another group of startups. The rapid growth of technology, accurate results, falling price of hardware, and ease of connectivity are some of the factors enabling the rapid global adoption of CV. Omdia considers CV to be a horizontal market, as the applications are spread across many different use cases. This report focuses on 69 use cases in 25 industries that are tracked by Omdia. CV has enabled many capabilities in products that were part of science fiction until recently. The global CV market has gained significant momentum in the past few years and does not show any sign of slowing down. As of 2020, the market has started figuring out how to use CV technology for commercial benefit. Global CV market revenue is expected to grow across many use cases in different industries, increasing from $2.9bn in 2018 to $33.5bn by 2025. This Omdia report analyzes the market trends and technology issues surrounding CV. The study examines the industries and use cases and provides profiles of key industry players. Global market forecasts, segmented by region, industry, and use case, extend through 2025. The report also provides a description of various technical hurdles and the different business models used within the CV industry.

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Computer Vision Technologies and Markets

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