Vision Processing Market Cruising Toward A Cool $946.0 Mil

MarketsandMarkets’ report "Vision Processing Unit Market by Application, Vertical, and Geography - Global Forecast to 2023", forecasts market growth from $168.2 Million in 2018 to $946.0 Million by 2023 at a CAGR of 41.26% between 2018 and 2023. The growth of this market is driven by factors such as demand for computational capability, computer vision applications, plus rising adoption of artificial intelligence and machine learning technologies, and rising need for ASICs.

 

Highlights of the Report

Sponsored by Infosys

Infosys positioned as a Leader in Gartner Magic Quadrant for IT Services for Communications Service Providers, Worldwide 2020

The Gartner Magic Quadrant evaluated 12 vendors and Infosys was recognized for its completeness of vision and ability to execute.
Infosys leverages its global partner ecosystem, CSP-dedicated studio, design tools, and 5G Living Labs to boost service delivery. Innovative solutions such as the ‘Infosys Cortex2’ are driving business value for CSPs.

 

Consumer vertical held the largest share of the vision processing unit market in 2017

Market for drones expected to grow at the highest CAGR between 2018 and 2023

APAC held the largest market size in 2017 and is expected to witness the highest CAGR during the forecast period

The major players in the ecosystem of the vision processing market are MediaTek (Taiwan), Cadence Design Systems (US), CEVA (US), Synopsys (US), Movidius (US), Inuitive (Israel), Lattice Semiconductor (US), VeriSilicon (China), and Imagination Technologies (UK).

 

Need more data and affirmations? Then browse 31 market data tables and 34 figures spread through 118 Pages and the in-depth TOC on "Vision Processing Unit Market - Global Forecast to 2023"

 

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http://www.marketsandmarkets.com

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