Driving Innovation: Computer Vision Market Anticipated to Reach $45.7 Billion by 2028

The global AI in Computer Vision Market Size is expected to be valued at USD 17.2 Billion in 2023 and is projected to reach USD 45.7 Billion by 2028; it is expected to grow at a CAGR of 21.5% from 2023 to 2028.

Advancements in deep learning algorithms increased data availability, faster and cheaper computing power, and advancements in hardware technology like GPU and TPU are the driving factors of the AI in computer vision industry. Moreover, the market players are expected to benefit from the government's initiatives aimed at supporting industrial automation and integrating AI into edge devices, creating profitable opportunities for them.