Computer Vision - United States

The Artificial Intelligence market in the United States is seeing moderate growth, driven by factors such as increasing demand for digital solutions in various industries, growing investment in AI technology, and the convenience of online services. The sub-markets of Speech Recognition, Image Recognition, and Facial Recognition are also contributing to this growth. However, factors such as data privacy concerns and limited adoption in certain industries may be impacting the market's overall growth rate.

Customer preferences: As more businesses and industries adopt computer vision technology, there is a growing demand for personalized and efficient customer experiences. This has led to an increased use of computer vision in retail, healthcare, and transportation sectors. Additionally, with the rise of e-commerce and online shopping, consumers are becoming more accustomed to personalized product recommendations and virtual try-on features, driving the need for advanced computer vision capabilities.

Trends in the market: In the United States, the Computer Vision market is experiencing a surge in demand for facial recognition technology, particularly in the retail and security sectors. This trend is expected to continue as companies seek to enhance customer experience and security measures. Additionally, there is a growing interest in integrating computer vision with other emerging technologies such as augmented reality and natural language processing. This convergence has the potential to revolutionize industries such as healthcare and manufacturing, making it a significant trend to watch for industry stakeholders.

Local special circumstances: In the United States, the Computer Vision market is thriving due to the country's strong presence in the technology sector and its adoption of advanced technologies. The market is also heavily influenced by the regulatory landscape, with strict data privacy and security laws impacting the development and implementation of Computer Vision solutions. Additionally, cultural factors such as the high demand for convenience and efficiency in daily life have led to the widespread use of Computer Vision in various industries, from retail to healthcare.

Underlying macroeconomic factors: The Computer Vision Market within the Artificial Intelligence Market in the United States is greatly impacted by macroeconomic factors such as technological advancements, government support for AI research, and investments in infrastructure. The US has been at the forefront of AI research and development, with significant investments being made by both the public and private sector. Additionally, the high adoption rate of advanced technologies, coupled with a strong economy and favorable regulatory environment, has contributed to the growth of the market. Furthermore, the increasing demand for AI-powered solutions across various industries, including healthcare, retail, and automotive, is also driving the growth of the Computer Vision Market in the US.

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.