Published: 19 April 2024
The key enterprise computer vision markets will pass $386 billion by 2031, with manufacturing, automotive and retail markets offering the fastest revenue growth opportunities. Product leaders should innovate, integrate and upgrade vision systems to remain competitive.
The market for enterprise computer vision (CV) software, hardware and services in key markets is expected to generate global revenue of $386 billion by 2031, up from $126 billion in 2022.
Computer vision adoption is accelerating due to a combination of product innovation, increased demand-side market drivers with new high-growth industry segments opening up and emerging technology advancements such as generative AI (GenAI).
Computer vision product life cycles face disruption from emerging technologies led by GenAI, meaning enterprises face big challenges with legacy equipment, ongoing maintenance and forklift upgrades.
Product leaders responsible for investing in emerging technologies and trends for
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