Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Global Visual Computing Market Growing at 18.9% CAGR Till 2030The visual computing market is set to grow at an 18.9% CAGR, reaching $110.3 billion by 2030, driven by AI, gaming, and rising demand for interactive displays.
By: P&S Intelligence This expansion is driven by the increasing integration of hardware and software solutions to create and display images, videos, and animations through computational methods such as 2D and 3D rendering. These technologies facilitate interactive experiences by merging digital information with the real world or creating entirely virtual environments. Key Insights Component Analysis: Hardware is the larger segment in the visual computing market and is expected to generate $70 billion in revenue by 2030. The high demand for powerful GPUs, graphics cards, CPUs, field-programmable gate arrays (FPGAs), and specialized processors drives this segment. These components enable real-time interactive graphics, delivering captivating user experiences. Innovations such as AI accelerators, ray-tracing- Display Platform Analysis: Interactive video walls represent the largest segment in the market, widely utilized in control rooms, airports, and retail environments to create dynamic, engaging visual displays. These walls offer flexibility in presenting content, capable of displaying multiple sources simultaneously, making them ideal for advertising and information dissemination. Interactive kiosks are the fastest-growing segment, projected to grow at a CAGR of 20% during the forecast period. Their convenience and user-friendly interfaces make them increasingly popular in retail, healthcare, transportation, and hospitality industries, enhancing customer interactions by providing information and facilitating transactions. Browse detailed report analysis on "Visual Computing Market Share, Growth and Forecast Report, 2030 (https://www.psmarketresearch.com/ Regional Analysis: North America leads the visual computing market, contributing 40% of the revenue. Factors such as advanced technological infrastructure, early cloud adoption, substantial investments in innovation, and the presence of major tech enterprises like Microsoft, Google, Adobe, IBM, and Amazon drive this dominance. The region's emphasis on hybrid and multi-cloud strategies, increasing demand for AI-based services, and edge computing further bolster market growth. Competitive Dynamics: The visual computing market is characterized by a fragmented landscape with numerous key players driving innovation and competition. Prominent companies include NVIDIA Corporation, Intel Corporation, Advanced Micro Devices (AMD), Marvell Semiconductor, and Imagination Technologies. These industry leaders focus on developing advanced hardware and software solutions to meet the growing demand for high-quality visual experiences across various applications. End
|
|