The computer vision industry covers many different areas, from self-driving cars to autonomous robots to analyzing images for many purposes. It supports many fields, including education, retail, healthcare, and logistics.
Computer vision is the ability of any computer to see and understand the world and make decisions based on their visual insights and rational understanding. In simple terms, it automates and augments human sight in computers.
Computer vision’s primary objective is to enable computers to understand the environment through sight and make decisions based on that understanding. Consider a drone that flies over an NFL football game in a television broadcast. Or consider the computers in self-driving cars that drive safely and autonomously. In practice, computer vision technology enables the automation and enhancement of human vision, resulting in many applications.
Superannotate listed use cases of AI-computer enabled computer vision as nearly countless. The most popular are the previously mentioned consumer drones as well as autonomous and semi-autonomous vehicles. However, Computer Vision as a Service (CVaaS) also allows non-AI companies to take advantage of the technological advancements and purchase pre-built algorithms available on computer vision platforms. It is understandable that with the immense amount of platforms available, the global computer vision market was valued at $11.32 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2021 to 2028, according to Grand View Research.
Now is the best time to take an extended look into this emerging technology, and we have done just that in our computer vision industry report.
Download our full report here!