Report Predicts Rapid Computer Vision Growth

 

Yesterday the technology market intelligence firm Tractica released its report on computer vision, projecting exceptional growth in the sector.

The report suggests that computer vision will grow from its current value of $5.7 billion to $33.3 billion by 2019.

Tractica states that increased connectivity, advanced technological development and deep learning are driving this rise. It pinpoints the consumer segment of the market as experiencing the highest growth rate, followed by robotics and machine vision applications.  With so many application fields, including healthcare, security, automotive, manufacturing, energy and games, it is no surprise that computer vision use is slated to increase.

Healthcare is a sector that we are particularly invested in. Anecdotally, we have noticed a growth in computer vision use within this sector, from constructing accurate 3D replicas of patients’ organs to applying image processing to optical coherence tomography, to automatic classification and diagnosis. We have been consistently innovating in this field. Recently, for example, we applied machine learning to the automatic detection of macular cysts, ensuring more accurate and efficient detection than industry standard.

We’re excited to be part of a high-growth field. This isn’t new for us, though: we’ve been innovating computer vision since 1987.

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