The Rise of Computer Vision Technology Analytics Insight

Computer vision Technology is rising, and increasingly gathering followers who want to adapt this technology to achieve new business heights. The rise of this technology can be attributed to the recent projections that have catapulted this technology to new zeniths. According to a market research, the computer vision market is valued at US$11.94 Billion and is likely to reach to US$17.38 Billion by 2023 growing at a CAGR of 7.80% from 2018 and 2023. The growth of the computer vision market is driven by the increasing adoption of computer vision into semi-autonomous and autonomous vehicles, and consumer drones which is dominated by the rising adoption of Industry 4.0. Recent advancements into computer vision technology with deep learning software, advanced cameras and image sensors, have expanded the scope for computer vision systems which can be deployed in a wide range of applications in different industries.