Market Overview:
The global computer vision development market is expected to grow from USD 2.02 Billion in 2018 to USD 11.06 Billion by 2030, at a CAGR of 24.5% during the forecast period. The growth of this market can be attributed to the increasing demand for computer vision in various applications, such as mobile internet, security field, financial field, retail field, medical field, unmanned vehicles and drones (UAVs), education field and other applications. The SDK segment is expected to hold the largest share of the global computer vision development market in 2018.
Product Definition:
Computer vision development is the process of developing software that allows computers to interpret and understand digital images. This can be used for a variety of purposes, such as facial recognition, object recognition, and automatic navigation. The importance of computer vision development lies in its ability to allow computers to interact with the real world in a more natural way.
SDK:
SDK (Software Development Kit) is a set of tools and libraries that help in the rapid development of computer vision applications. It provides various functions for image processing, signal processing, and machine learning. The major advantage provided by this software is its ability to provide high-speed performance as it comprises optimized C/C++ code for various platforms such as iOS, Android, Linux OS etc.
API:
Application Programming Interface (API) is a set of communication protocols and tools that make it easier for developers to integrate computer programs with other applications. In the case of Computer Vision (CV), APIs help in integrating vision algorithms into different application development platforms such as Android, iOS, and Java. The growing importance of real-time image analysis in various industrial verticals such as automotive & transportation, healthcare & life sciences, consumer electronics is expected to drive API growth over the forecast period.
Application Insights:
The mobile internet application segment accounted for the largest market share in 2017 and is anticipated to maintain its dominance over the forecast period. The growing adoption of computer vision algorithms in smartphones to enhance user experience, improve battery life, and prevent phone theft are some of the factors driving this segment.
The security field application segment is expected to register a significant CAGR during the study period owing to increasing use cases such as fraud detection at banks, government surveillance programs (e.g., Prism), facial recognition technology used by police departments across U.S., and anti-terrorism applications used by governments worldwide. Computer vision helps detect suspicious behavior through pattern recognition techniques that enable security agencies monitor activities at airports or border crossings for instance - an area that was previously impractical with human resources only capable of handling a limited amount of data simultaneously across multiple tasks or operations (manual).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key companies such as Google, Faception, and Vision Systems Design. The region is expected to maintain its dominance over the forecast period owing to increasing investments in R&D activities for computer vision technology by various companies and universities. For instance, researchers at Stanford University have developed a system that can identify individual strawberries just by looking at it through a camera phone app.
Asia Pacific is anticipated to witness significant growth during the forecast period due with growing adoption of digital services on mobile phones and other devices coupled with rising number of smartphone users across countries such as China and India. Moreover, several prominent players based out of Asia Pacific are making constant efforts for expanding their business operations globally which will also contribute towards regional growth rate during same time span (2018-2030).
Growth Factors:
- Increasing demand for automated image analysis and interpretation in various industrial and commercial applications
- Proliferation of low-cost, high-performance computing platforms and big data storage infrastructure
- Advances in machine learning algorithms and artificial intelligence technologies
- Growing demand for security and surveillance systems with advanced video analytics capabilities
- Emergence of new use cases for computer vision across a wide range of industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Computer Vision Development Market Research Report
By Type
SDK, API, Other
By Application
Mobile Internet, Security Field, Financial Field, Retail Field, Medical Field, Unmanned, Education Field, Other
By Companies
Face++, SenseTime, YITU, CloudWalk, Deepblue, Clobotics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Computer Vision Development Market Report Segments:
The global Computer Vision Development market is segmented on the basis of:
Types
SDK, API, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mobile Internet, Security Field, Financial Field, Retail Field, Medical Field, Unmanned, Education Field, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Face++
- SenseTime
- YITU
- CloudWalk
- Deepblue
- Clobotics
Highlights of The Computer Vision Development Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- SDK
- API
- Other
- By Application:
- Mobile Internet
- Security Field
- Financial Field
- Retail Field
- Medical Field
- Unmanned
- Education Field
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Computer Vision Development Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Computer vision development is the process of creating software that can identify objects and scenes in images. This can be done by using algorithms to analyze data such as brightness, contrast, and location.
Some of the major companies in the computer vision development market are Face++, SenseTime, YITU, CloudWalk, Deepblue, Clobotics.
The computer vision development market is expected to grow at a compound annual growth rate of 24.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Computer Vision Development Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Computer Vision Development Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Computer Vision Development Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Computer Vision Development Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Computer Vision Development Market Size & Forecast, 2018-2028
4.5.1 Computer Vision Development Market Size and Y-o-Y Growth
4.5.2 Computer Vision Development Market Absolute $ Opportunity
Chapter 5 Global Computer Vision Development Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Computer Vision Development Market Size Forecast by Type
5.2.1 SDK
5.2.2 API
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Computer Vision Development Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Computer Vision Development Market Size Forecast by Applications
6.2.1 Mobile Internet
6.2.2 Security Field
6.2.3 Financial Field
6.2.4 Retail Field
6.2.5 Medical Field
6.2.6 Unmanned
6.2.7 Education Field
6.2.8 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Computer Vision Development Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Computer Vision Development Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Computer Vision Development Analysis and Forecast
9.1 Introduction
9.2 North America Computer Vision Development Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Computer Vision Development Market Size Forecast by Type
9.6.1 SDK
9.6.2 API
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Computer Vision Development Market Size Forecast by Applications
9.10.1 Mobile Internet
9.10.2 Security Field
9.10.3 Financial Field
9.10.4 Retail Field
9.10.5 Medical Field
9.10.6 Unmanned
9.10.7 Education Field
9.10.8 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Computer Vision Development Analysis and Forecast
10.1 Introduction
10.2 Europe Computer Vision Development Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Computer Vision Development Market Size Forecast by Type
10.6.1 SDK
10.6.2 API
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Computer Vision Development Market Size Forecast by Applications
10.10.1 Mobile Internet
10.10.2 Security Field
10.10.3 Financial Field
10.10.4 Retail Field
10.10.5 Medical Field
10.10.6 Unmanned
10.10.7 Education Field
10.10.8 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Computer Vision Development Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Computer Vision Development Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Computer Vision Development Market Size Forecast by Type
11.6.1 SDK
11.6.2 API
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Computer Vision Development Market Size Forecast by Applications
11.10.1 Mobile Internet
11.10.2 Security Field
11.10.3 Financial Field
11.10.4 Retail Field
11.10.5 Medical Field
11.10.6 Unmanned
11.10.7 Education Field
11.10.8 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Computer Vision Development Analysis and Forecast
12.1 Introduction
12.2 Latin America Computer Vision Development Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Computer Vision Development Market Size Forecast by Type
12.6.1 SDK
12.6.2 API
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Computer Vision Development Market Size Forecast by Applications
12.10.1 Mobile Internet
12.10.2 Security Field
12.10.3 Financial Field
12.10.4 Retail Field
12.10.5 Medical Field
12.10.6 Unmanned
12.10.7 Education Field
12.10.8 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Computer Vision Development Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Computer Vision Development Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Computer Vision Development Market Size Forecast by Type
13.6.1 SDK
13.6.2 API
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Computer Vision Development Market Size Forecast by Applications
13.10.1 Mobile Internet
13.10.2 Security Field
13.10.3 Financial Field
13.10.4 Retail Field
13.10.5 Medical Field
13.10.6 Unmanned
13.10.7 Education Field
13.10.8 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Computer Vision Development Market: Competitive Dashboard
14.2 Global Computer Vision Development Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Face++
14.3.2 SenseTime
14.3.3 YITU
14.3.4 CloudWalk
14.3.5 Deepblue
14.3.6 Clobotics
