What Is The Current and Historic Market Size Analysis Of The Visual Computing Market?
The visual computing market has seen considerable growth due to a variety of factors.
• The visual computing market has expanded rapidly in recent years. It will grow from $22.24 billion in 2024 to $26.38 billion in 2025, with a CAGR of 18.6%.
The growth is driven by a rising demand for high-performance GPUs, advances in display technology, the development of advanced rendering techniques, the adoption of interactive whiteboards, and the rise of interactive tables.
What are the Market Size and Expected Growth Rates for the Visual Computing Market?
The visual computing market is expected to maintain its strong growth trajectory in upcoming years.
• The visual computing market is set to grow to $52.11 billion by 2029, at a CAGR of 18.6%.
Growth is driven by the increase in VR and AR adoption, the expansion of cloud-based visual services, the popularity of interactive kiosks, demand for large-scale video walls, and IoT integration. Key trends include AI and machine learning integration, growing demand for immersive AR and VR experiences, innovations in interactive displays, and advancements in rendering and computer vision for real-time analytics.
Which Key Drivers Are Propelling The Visual Computing Market's Growth?
Increasing internet penetration worldwide is predicted to propel the visual computing market's expansion. The internet, a worldwide network of interconnected computers and devices, promotes communication, sharing of information, resource access, and service utilization. A surge in internet penetration is due to factors like device affordability, growing network infrastructure, and surging demand for connectivity online and digital services globally. Computer vision, enabling functions such as image analysis, augmented reality, and automated content moderation, is necessary for internet penetration. It enhances the user experience and broadens digital capabilities. For instance, a report released in November 2022 by the International Telecommunication Union, a specialized agency based in Switzerland, stated that around 5.3 billion individuals globally, making up 66 percent of the world's population, will be using the internet in 2022. This indicates a 6.1 percent increase from the previous year and highlights the rise in global connectivity and digital technology adoption. Hence, the growth of the visual computing market is being fueled by increasing internet penetration.
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
Subsegments:
1) By Hardware: Graphics Processing Units (GPUs), Central Processing Units (CPUs), Display Devices (Monitors, Virtual Reality Headsets), Camera and Sensor Systems, Storage Devices
2) By Software: Visualization Software, Image Processing Software, Computer Vision Software, Augmented Reality (AR) And Virtual Reality (VR) Software, Rendering Software
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How Are New Trends Impacting The Size Of The Visual Computing Market?
Prominent businesses in the vision computing market are inventing high-tech solutions like spatial computers to augment user interaction and pioneer invention across various sectors. A spatial computer is a computing device or system that incorporates spatial perception, usually through equipment like cameras or depth detectors, to comprehend and interact with its physical surroundings in real time. This allows for applications such as augmented reality (AR), spatial mapping, and accurate location-based services. For example, Apple Inc., an American technology firm, unveiled the Apple Vision Pro in June 2023. The device, a game-changer in the industry, boasts spatial computing features that amalgamate digital content with the physical world. The Vision Pro offers a 3D user interface governed by gestures, voice instructions, and eye movement, all powered by the VisionOS - the inaugural spatial operating system. Among its other impressive features are an ultra-high-resolution display boasting 23 million pixels and a dual-chip setup for intense experiences.
Who Are the Key Players In The Visual Computing Market?
Major companies operating in the visual computing market are:
• Apple Inc.
• Google LLC
• Samsung Electronics
• Microsoft Corporation
• Imagination Technologies
• Sony Corporation
• LG Electronics
• Intel Corporation
• Panasonic Corporation
• Qualcomm Technologies Inc.
• NVIDIA
• NEC Corporation
• AMD
• Sharp Corporation
• Adobe Inc.
• Epson Corporation
• Dassault Systèmes
• Autodesk Inc.
• Texas Instruments
• Arm Holdings
• Oculus VR (Meta Platforms)
• Unity Technologies
• Barco NV
• Magic Leap
• HTC Corporation
What Are The Regional Insights Into 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.
