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The computer vision market is expected to reach USD 40 billion by 2032, driven by the rapid digitalization of the retail sector and the increasing focus on digital transformation among retailers. Major computer vision market participants include Intel corp., NVIDIA corp., Microsoft, IBM, Google (Alphabet), and Teledyne Technology. The market demand in the retail sector is set to rise in the near future, with the growing focus on reducing expenditure, boosting revenue, and enhancing the shopping experience. The software component segment is predicted to reach USD 15 billion by 2032, while the government end-user segment will expand at over 15% CAGR till 2032.
