SOURCE RESEARCH
Artificial Intelligence (AI) Software
Market Data | 4Q 2024 | MD-AISOFT-101
Get The ReportThe computer vision market continues to heat up as enterprises (e.g., manufacturers) digitally transform their operations and require advanced Artificial Intelligence (AI)-based solutions to improve efficiency. Today, the market size for computer vision software is worth US$19.4 billion, with cloud AI deployment locations being adopted more often than edge deployments. Growing at a Compound Annual Growth Rate (CAGR) of 19.5%, the computer vision software market size is forecasted by ABI Research to be valued at more than US$81 billion, with edge AI far outpacing cloud deployments. While the former will grow at a CAGR of 30.4%, the latter will grow at a CAGR pace of 4.2%.
In 2023, edge AI deployments make up 40% of global computer vision software revenue. However, by the end of the decade, edge AI deployments will account for 80% of all computer vision software worldwide.
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