Increased advancements in information and communication technology [ICT], increased demand for vision-guided robotic systems, and continuous R&D in digital technology resulted in boosting PC-Based Computer Vision Systems market.
The Global PC-Based Computer Vision Systems market is forecast to reach USD 25.69 Billion by 2028, according to a new report by Reports and Data. The PC-Based Computer Vision Systems market is witnessing continuous growth in the recent year that has been primarily driven by significant advancements in the information and communication technology sector. The constant emphasis on R&D in the industry has resulted in developments like artificial learning, and machine learning, which is opening new avenues for the application of PC-Based Computer Vision Systemss. Such expansion in areas of application is positively impacting the growth of the market. The growth of the industry has also been driven by increased demand for PC-Based Computer Vision Systemss for industrial applications like in the automotive industry as well as non- industrial sectors such as healthcare sector.
Apart from the factors mentioned above, one of the essential traits of the PC-Based Computer Vision Systems is high accuracy, which is also contributing to the expansion of the market. The mentioned trait of PC-Based Computer Vision Systems results in its increased application for diverse operations ranging from identification to quality assurance & inspection in various industrial as well as non-industrial functioning. The high utility of PC-Based Computer Vision Systems is also boosting the growth of the market. Increased investments and continuous emphasis on product developments by key players of the market is also contributing to its growth. One of such mentionable market developments were made by Keyence, a key player of the market in 2017, which introduced the 3D vision system that presented point-and-click tools to measure 3D objects. Such advancements in the market have a positive impact on it.
The global information and communications technology (ICT) market registered steady revenue growth in 2020, and market size is expected to increase further over the forecast period. Factors contributing to the global ICT market revenue growth are growing penetration of smart mobile devices such as smartphones, tablets, and smart watches, rapid adoption of state-of-the-art technologies such as AI, machine learning, Internet of Things (IoT), big data analytics, and cloud computing, and rapid digitalization across numerous industries including the banking & finance, education, healthcare, automotive, oil & gas, agriculture, buildings & construction, and power & energy industries. Increasing accessibility of the Internet across the globe, emergence of the 5G technology, growing need for faster Internet services for rapid data transfer & processing, introduction of advanced Wi-Fi systems, and rising data security and user safety concerns among consumers are some of the other factors expected to drive the ICT market revenue growth.
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The PC-Based Computer Vision Systems market is indeed considered to have great potential and is currently in its initial phase of development and expansion. The growth of the market is primarily driven by advancements in virtual and augmented reality. These technologies create new opportunities and applications for PC-Based Computer Vision Systemss.
Recent technological advancements in the information and communication technology sector, such as machine learning, artificial intelligence, neural networks, and deep learning, have also contributed to the growth of the market. These advancements enable more sophisticated and accurate computer vision algorithms and models, enhancing the performance and capabilities of PC-Based Computer Vision Systemss.
The increasing demand for mobile devices has played a significant role in boosting the market as well. Mobile devices incorporate computer vision technologies for various applications, such as facial recognition, augmented reality filters, and object detection, among others. The widespread adoption of mobile devices has created a substantial market for PC-Based Computer Vision Systemss.
One of the notable advantages of PC-Based Computer Vision Systemss is their high accuracy. This accuracy makes them valuable in applications such as quality assurance and inspection, identification, and many others. The versatility and utility of PC-Based Computer Vision Systemss across different industries contribute positively to the market's growth.
Furthermore, the rising need for automation and the availability of low-cost and robust hardware have also contributed to the expansion of the market. Industries across various sectors are increasingly adopting PC-Based Computer Vision Systemss to automate processes, improve efficiency, and enhance productivity.
In terms of regional analysis, North America currently dominates the PC-Based Computer Vision Systems market. This dominance can be attributed to stringent government regulations associated with quality assurance and workplace safety in industries such as food and packaging, pharmaceuticals, and others. These industries, which are continuously expanding, drive the increased demand for PC-Based Computer Vision Systemss in North America.
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Regional Markets Highlighted in the Global PC-Based Computer Vision Systems Market Report:
Top Companies Profiled in the Report:
Basler, Keyence, Cognex, Omron, Texas Instruments, Cognex, Teledyne Technologies, Sony, Intel, National Instruments, and Mvtec Software.
Further key findings from the report suggest
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Overall, the PC-Based Computer Vision Systems market is experiencing significant growth potential due to advancements in technology, the increasing demand for mobile devices, the accuracy of PC-Based Computer Vision Systemss, and the need for automation in various industries. North America, with its stringent regulations and expanding industries, currently holds a prominent position in the market.
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