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AI/ML Camera Systems Revenue

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SOURCE RESEARCH

Edge ML-Based Machine Vision Software and Services

Report | 4Q 2024 | AN-4957

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This chart forecasts the total revenue of camera systems through 2027, when revenue is due to reach US$35 billion. These camera systems are pivotal for edge Machine Learning (ML)-based Machine Vision (MV) applications.While hardware accounts for the overwhelming majority of total revenue, the share of software/services revenue has slowly increased since 2020, from 11% to a projected 16% by 2027.

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