What Is The Definition Of The Global Visual Computing Market?
Visual computing refers to the field encompassing the science and technology of creating, processing, analyzing, and displaying visual data. It includes disciplines such as computer graphics, image processing, computer vision, and augmented and virtual reality, aimed at enhancing human-computer interaction and visual perception.
Visual Computing Global Market Report 2024 provides data on the global visual computing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The visual computing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Visual Computing Market Size And Annual Growth Rate?
The visual computing market has also seen significant growth, set to rise from $18.79 billion in 2023 to $22.24 billion in 2024, at a CAGR of 18.3%. This expansion is attributed to the rising demand for high-performance GPUs, advances in display technology, new rendering techniques, and the growing use of interactive technologies like whiteboards and tables. The market is projected to grow to $44 billion by 2028 at a CAGR of 18.6%, supported by developments in VR and augmented reality (AR), cloud-based services, and large-scale video walls. Future trends include increased AI and machine learning integration, demand for immersive AR and VR experiences, and innovations in computer vision and real-time rendering.
Which Key Drivers Are Propelling The Visual Computing Market's Growth?
The growing internet penetration is expected to drive the growth of the visual computing market. As more people gain access to the internet, there is a rising demand for digital services that utilize computer vision, augmented reality, and image analysis. The International Telecommunication Union reported that more than 5.3 billion people worldwide were internet users in 2022, reflecting the increasing adoption of digital technologies and contributing to the growth of the visual computing market.
Get Your Free Sample Of The Global Visual Computing Market Report
What Are The Key Segments Within The Global Visual Computing Market?
The visual computing market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Display Platform: Interactive Whiteboard, Interactive Kiosk, Interactive Table, Interactive Video Wall, Monitor, Other Display Platforms
3) By Industry: Gaming, Media And Entertainment, Healthcare, Automotive, Manufacturing, Defense And Intelligence, Other Industries
How Are New Trends Impacting The Size Of The Visual Computing Market?
In the vision computing market, companies are focusing on spatial computing technologies to enhance user interaction with their environment. In June 2023, Apple introduced the Vision Pro, a device that blends digital content with the physical world through a 3D interface controlled by gestures, voice commands, and eye movements. This innovative device is powered by VisionOS, a spatial operating system designed for immersive experiences.
Which Region Drives The Highest Growth In The Visual Computing Market?
North America was the largest region in the visual computing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the visual computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
