Computer Vision Market to Reach $48.6 Billion by 2022

New report released by Tractica examines the dynamics of computer vision market and business opportunities surrounding this technology. The computer vision market remains ripe for innovation and open to the emergence of new applications as well as new industry participants.

According to this report, global market for computer vision will increase from $6.6 billion in 2015 to $48.6 billion annually by 2022, at a compound annual growth rate (CAGR) of 32.9%. 75% of revenue will derive from hardware, with the balance of revenue coming from computer vision software solutions and services. Although, this is not new for us, we are also quite impressed by actual figures.

Key Questions Addressed:

  1. How has the computer vision market evolved over the past year?
  2. What are some of the key technology issues surrounding computer vision, and what are some of the new technologies being developed?
  3. How do computer vision applications and business models vary depending on the application market?
  4. Which application areas will be the fastest-growing markets for computer vision systems?
  5. Who are the key players in the computer vision market, and what are their relative strengths and weaknesses?
  6. What is the size of the market opportunity in different application markets, and why will some grow faster than others over the next 5 years?

Order full report here: https://www.tractica.com/newsroom/press-releases/computer-vision-hardware-and-software-market-to-reach-48-6-billion-by-2022/