조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2023년11월
Vision Transformers Market – Global Forecast to 2028
비전 트랜스포머 (ViT) 시장 : 제공 내용(솔루션, 전문 서비스), 용도(이미지 세그멘테이션, 물체 검출, 이미지 캡션), 업종(미디어와 엔터테인먼트, 소매 및 전자상거래, 자동차), 지역별 – 2028년까지의 세계 예측
Vision Transformers Market by Offering (Solutions, Professional Services), Application (Image Segmentation, Object Detection, Image Captioning), Vertical (Media & Entertainment, Retail & eCommerce, Automotive) and Region – Global Forecast to 2028
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| 구성 | 영문조사보고서 |
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Report Overview
The market size of the vision transformers market is projected to grow from USD 0.2 billion in 2023 to USD 1.2 billion by 2028 at a CAGR of 34.2% during the forecast period. The vision transformers market represents an exciting frontier in AI and computer vision, potentially transforming industries and improving image understanding and analysis.
“As per solution, the hardware segment holds the highest CAGR during the forecast period.”
The vision transformation market by solution bifurcates into hardware and software. During the forecast period, 2023-2028, the hardware segment holds the highest CAGR. Hardware plays a critical role in enabling the efficient execution of computationally intensive tasks related to computer vision. Hardware often includes specialized processing units, such as Graphics Processing Units (GPUs) and Tensor Processing Units (TPUs), which help accelerate the training and inference of deep learning models, including vision transformers. These processing units are optimized for handling large-scale matrix operations, making them essential for the high computational demands of vision transformers. Central Processing Units (CPUs) are also crucial hardware components, mainly for handling various tasks in the computer vision pipeline.
“As per vertical, the automotive vertical holds the highest CAGR during the forecast period.”
The verticals studied in the report are retail & e-commerce, automotive, government & defense, media & entertainment, healthcare & life sciences, and other verticals (education & agriculture). During the forecast period, 2023-2028, the automotive vertical segment holds the highest CAGR. The automotive vertical is experiencing a significant transformation by adopting vision transformers in the market. Vision transformers, a class of neural network architecture, play a pivotal role in enhancing vehicle perception, safety, and automation. Vision transformers are at the forefront of autonomous driving technology, enabling vehicles to perceive and interpret their surroundings. They process sensor data, including images from cameras, LiDAR, and radar, to make real-time driving decisions. Vision transformers are essential for ADAS features, such as adaptive cruise control, lane-keeping, automatic emergency braking, and parking assistance, enhancing vehicle safety.
“As per region, Europe holds the second-largest market share during the forecast period.”
The vision transformers market includes an analysis of five regions. Europe holds the second-largest market share in 2023 and will have similar dominance over the forecast period. Europe has diverse business needs, as several large retailers and manufacturing companies demand robust and scalable IT infrastructure solutions. The region has always been a challenging market for cloud providers due to the stringent regulations and security standards about user data privacy. Europe has been at the forefront of data protection regulations, particularly implementing the General Data Protection Regulation (GDPR). GDPR emphasizes the need for data privacy, security, and protection of individuals’ data. The region has well-established providers of image sensors and image-processing algorithms, software for machine vision products designed for industrial applications. The automation level and the adoption rate of machine vision products are rapidly increasing, particularly in deep learning and neural networks, which have enabled machines to recognize and interpret images and video data with greater accuracy and speed.
The breakup of the profiles of the primary respondents is below:
By Company: Tier I: 30%, Tier II: 45%, and Tier III: 25%
By Designation: C-Level Executives: 50%, Director Level: 35%, and Others: 15%
By Region: North America: 50%, Asia Pacific: 15%, Europe: 30%, Rest of World: 5%
Note: Others include sales managers, marketing managers, and product managers
Note: The rest of the World consists of the Middle East & Africa, and Latin America
Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies’ revenue ranges from USD 10 million to USD 100 million; and tier 3 companies’ revenue is less than 10 million
Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
The key technology vendors in the market include Google (US), OpenAI (US), Meta (US), AWS (US), NVIDIA Corporation (US), LeewayHertz (US), Synopsys (US), Hugging Face (US), Microsoft (US), Qualcomm (US), Intel (US), Clarifai (US), Quadric (US), Viso.ai (Switzerland), Deci (Israel), and V7 Labs (UK). Most key players have adopted partnerships and product developments to cater to the demand for vision transformers.
Research coverage:
The market study covers the vision transformers market across segments. The study aims to estimate the market size and the growth potential of the vision transformers market across different market segments, including offering, application, verticals, and region analysis. It includes an in-depth competitive intelligence analysis of the key players in the market, company profiles, observations related to products, services, business offerings, recent developments, and key market strategies.
The report provides insights on the following pointers:
• Analysis of key drivers (Need for image recognition in the automotive industry, Transfer learning plays a crucial role in the adoption of ViTs, Technology advancements boost the demand for image recognition among CPG and retail companies, Growing impact of AI in machine vision, Attention mechanism drives the market growth), restraints (Concerns related to high computational intensity and resource requirements, High installation cost of image recognition solutions, Data annotation and privacy concerns), opportunities (Increase in the demand for big data analytics, Integration of AI capabilities with image recognition solutions, Development of machine learning about vision technology)and challenges (Challenge related to large scale data requirements, Regulatory compliance challenge) influencing the growth of the vision transformers market.
• Product Development/Innovation: Detailed insights on the latest technologies in the vision transformers market
• Market Development: In-depth information about lucrative markets – the report analyses the vision transformers market across various regions.
• Market Diversification: Comprehensive information about new products & services, recent developments, untapped geographies, and investments in the vision transformers market.
• Competitive Assessment: Detailed assessment of growth strategies, market shares, and solution offerings of leading players. The critical technology vendors in the market include Google (US), OpenAI (US), Meta (US), AWS (US), and NVIDIA Corporation (US), among others, in the vision transformers market.
Table of Contents
1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.3 STUDY SCOPE 30
1.3.1 MARKET SEGMENTATION 30
1.3.2 INCLUSIONS & EXCLUSIONS 30
1.3.3 REGIONS COVERED 31
1.4 YEARS CONSIDERED 31
1.5 CURRENCY CONSIDERED 32
TABLE 1 USD EXCHANGE RATES, 2018–2022 32
1.6 STAKEHOLDERS 32
1.7 RECESSION IMPACT 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 1 VISION TRANSFORMERS MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 35
2.1.2 PRIMARY DATA 36
2.1.2.1 Breakup of primary profiles 36
2.1.2.2 Key industry insights 37
2.2 MARKET FORECAST 37
TABLE 2 FACTOR ANALYSIS 37
2.3 MARKET SIZE ESTIMATION 38
FIGURE 2 VISION TRANSFORMERS MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 38
2.3.1 TOP-DOWN APPROACH 39
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 39
2.3.2 BOTTOM-UP APPROACH 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 40
FIGURE 5 VISION TRANSFORMERS MARKET: RESEARCH FLOW 40
2.3.3 MARKET SIZE ESTIMATION METHODOLOGIES 41
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): ILLUSTRATION OF VENDOR REVENUE ESTIMATION 41
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 42
FIGURE 8 BOTTOM-UP APPROACH FROM SUPPLY SIDE: COLLECTIVE REVENUE OF VENDORS 42
FIGURE 9 VISION TRANSFORMERS MARKET: DEMAND-SIDE APPROACH 43
2.4 MARKET BREAKUP AND DATA TRIANGULATION 44
FIGURE 10 VISION TRANSFORMERS MARKET: MARKET BREAKUP AND DATA TRIANGULATION 44
2.5 IMPACT OF RECESSION ON GLOBAL VISION TRANSFORMERS MARKET 45
2.6 RESEARCH ASSUMPTIONS 45
2.7 LIMITATIONS AND RISK ASSESSMENT 47
3 EXECUTIVE SUMMARY 48
TABLE 3 VISION TRANSFORMERS MARKET SIZE AND GROWTH, 2022–2028 (USD MILLION, Y-O-Y GROWTH) 49
FIGURE 11 GLOBAL VISION TRANSFORMERS MARKET TO WITNESS SIGNIFICANT GROWTH 49
FIGURE 12 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2023 50
FIGURE 13 FASTEST-GROWING SEGMENTS OF VISION TRANSFORMERS MARKET 51
4 PREMIUM INSIGHTS 53
4.1 OPPORTUNITIES FOR PLAYERS IN VISION TRANSFORMERS MARKET 53
FIGURE 14 PROLIFERATION OF IMAGE AND VIDEO DATA ON INTERNET AND GROWTH OF DATA COLLECTION TECHNOLOGIES TO BOOST VISION TRANSFORMERS MARKET 53
4.2 VISION TRANSFORMERS MARKET, BY OFFERING 53
FIGURE 15 VISION TRANSFORMER SOLUTIONS TO ACCOUNT FOR LARGER MARKET SHARE IN 2023 AND 2028 53
4.3 VISION TRANSFORMERS MARKET, BY APPLICATION 54
FIGURE 16 OBJECT DETECTION APPLICATION TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 54
4.4 VISION TRANSFORMERS MARKET, BY VERTICAL 54
FIGURE 17 MEDIA & ENTERTAINMENT VERTICAL TO ACCOUNT FOR LARGEST SHARE IN 2023 54
4.5 VISION TRANSFORMERS MARKET: REGIONAL SCENARIO 55
FIGURE 18 ASIA PACIFIC TO EMERGE AS LUCRATIVE MARKET FOR INVESTMENTS IN NEXT FIVE YEARS 55
5 MARKET OVERVIEW AND INDUSTRY TRENDS 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 56
FIGURE 19 VISION TRANSFORMERS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 56
5.2.1 DRIVERS 57
5.2.1.1 Increasing demand for automation 57
5.2.1.2 Increasing need for vision transformers in automotive industry 57
5.2.1.3 Versatility and efficiency of transfer learning 58
5.2.1.4 Rapid technology advancements 58
5.2.1.5 Growing impact of AI in machine vision 59
5.2.1.6 Rapid adoption of attention mechanism 59
5.2.1.7 Continuous advancements in vision transformer architectures 60
5.2.2 RESTRAINTS 60
5.2.2.1 Concerns related to high computational intensity and resource requirements 60
5.2.2.2 High installation cost 61
5.2.2.3 Data annotation and privacy concerns 61
5.2.3 OPPORTUNITIES 62
5.2.3.1 Increasing demand for big data analytics 62
5.2.3.2 Integration of AI capabilities with image recognition solutions 62
5.2.3.3 Development of machine learning pertaining to vision technology 63
5.2.3.4 Advancements in hardware 63
5.2.4 CHALLENGES 63
5.2.4.1 Limited understanding and technical expertise 63
5.2.4.2 Challenges related to large-scale data requirements 64
5.2.4.3 Stringent data privacy regulations 64
5.3 CASE STUDY ANALYSIS 65
5.3.1 PUBLIC SECTOR COMPANY DEPLOYED DECI’S AUTO NAC ENGINE TO ACCELERATE PRODUCT DEVELOPMENT 65
5.3.2 LEEWAYHERTZ TEAMED UP WITH WINE COMPANY TO HELP CUSTOMERS MAKE INFORMED CHOICES ABOUT BUYING WINE 65
5.3.3 HYUNDAI DEPLOYED AMAZON SAGEMAKER’S SOLUTIONS TO OPTIMIZE TRAINING AND DEVELOPMENT 66
5.3.4 GENMAB ADOPTED V7’S SOLUTIONS TO STREAMLINE DATA ANNOTATION PROCESSES 66
5.3.5 CELGENE ADOPTED AMAZON SAGEMAKER AND NVIDIA GPUS TO ACCELERATE ALGORITHM DEVELOPMENT, ALLOWING RESEARCHERS TO FOCUS ON CORE TASKS 67
5.4 SUPPLY CHAIN ANALYSIS 67
FIGURE 20 SUPPLY CHAIN MAP 69
5.5 ECOSYSTEM ANALYSIS 69
FIGURE 21 ECOSYSTEM MAP 70
5.6 TECHNOLOGY ANALYSIS 70
5.6.1 KEY TECHNOLOGIES 70
5.6.1.1 Natural Language Processing (NLP) 70
5.6.1.2 Computer Vision 71
5.6.2 COMPLEMENTARY TECHNOLOGIES 71
5.6.2.1 Cloud 71
5.6.2.2 IoT 72
5.6.2.3 Big Data 73
5.6.3 ADJACENT TECHNOLOGIES 73
5.6.3.1 Deep Learning Models 73
5.6.3.1.1 Transformers 73
5.6.3.1.2 Large Language Models (LLMs) 74
5.6.3.2 Machine Learning 74
5.6.3.3 Generative AI 75
FIGURE 22 GENERATIVE AI: STARTUP FUNDING 76
5.7 PRICING ANALYSIS 77
5.7.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOLUTION 77
5.7.2 INDICATIVE PRICING ANALYSIS OF VISION TRANSFORMER VENDORS, BY SOLUTION 78
TABLE 4 INDICATIVE PRICING ANALYSIS OF GOOGLE, BY SOLUTION 78
TABLE 5 INDICATIVE PRICING ANALYSIS OF HUGGING FACE, BY SOLUTION 79
5.8 PATENT ANALYSIS 79
FIGURE 23 NUMBER OF PATENTS PUBLISHED, 2012–2022 79
FIGURE 24 TOP FIVE PATENT OWNERS (GLOBAL) 80
TABLE 6 TOP 10 PATENT APPLICANTS (US) 80
5.9 PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 25 PORTER’S FIVE FORCES ANALYSIS 81
TABLE 7 IMPACT OF PORTER’S FIVE FORCES ON VISION TRANSFORMERS MARKET 81
5.9.1 THREAT OF NEW ENTRANTS 81
5.9.2 THREAT OF SUBSTITUTES 82
5.9.3 BARGAINING POWER OF SUPPLIERS 82
5.9.4 BARGAINING POWER OF BUYERS 82
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.10 TARIFF AND REGULATORY LANDSCAPE 82
5.10.1 TARIFF ANALYSIS 82
TABLE 8 MFN TARIFFS FOR HS CODE: 8471 EXPORTED BY US, 2022 83
TABLE 9 MFN TARIFFS FOR HS CODE: 8471 EXPORTED BY AUSTRALIA, 2022 83
TABLE 10 MFN TARIFFS FOR HS CODE: 8471 EXPORTED BY CANADA, 2022 83
5.10.2 REGULATIONS, BY REGION 83
TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 14 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 15 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
5.10.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
5.10.3.1 European Union (EU) – Artificial Intelligence Act (AIA) 86
5.10.3.2 Interim Administrative Measures for Generative Artificial Intelligence Services 87
5.10.3.3 General Data Protection Regulation 87
5.10.3.4 National Artificial Intelligence Initiative Act (NAIIA) 87
5.10.3.5 Information Security Technology – Personal Information Security Specification GB/T 35273-2017 88
5.10.3.6 Artificial Intelligence and Data Act (AIDA) 88
5.10.3.7 General Data Protection Law 88
5.10.3.8 Law No. 13 of 2016 on Protecting Personal Data 89
5.10.3.9 NIST Special Publication 800-144 – Guidelines on Security and Privacy in Public Cloud Computing 89
5.11 TRADE ANALYSIS 90
TABLE 16 IMPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION) 90
FIGURE 26 IMPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION) 90
TABLE 17 EXPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION) 91
FIGURE 27 EXPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION) 91
5.12 TRENDS/DISRUPTIONS IMPACTING BUYERS 92
FIGURE 28 TRENDS/DISRUPTIONS IMPACTING BUYERS 92
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 92
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 92
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY VERTICALS 92
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY VERTICALS 93
5.13.2 BUYING CRITERIA 93
FIGURE 30 KEY BUYING CRITERIA FOR KEY VERTICALS 93
TABLE 19 KEY BUYING CRITERIA FOR TOP VERTICALS 93
5.14 VISION TRANSFORMERS MARKET: BUSINESS MODEL ANALYSIS 94
FIGURE 31 VISION TRANSFORMERS MARKET: BUSINESS MODELS 94
5.14.1 SUBSCRIPTION BUSINESS MODEL 94
5.14.2 SERVICE BUSINESS MODEL 95
5.15 KEY CONFERENCES & EVENTS 96
TABLE 20 KEY CONFERENCES & EVENTS, 2023–2024 96
6 VISION TRANSFORMERS MARKET, BY OFFERING 98
6.1 INTRODUCTION 99
6.1.1 OFFERINGS: VISION TRANSFORMERS MARKET DRIVERS 99
FIGURE 32 PROFESSIONAL SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 100
TABLE 21 VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 100
6.2 SOLUTIONS 100
FIGURE 33 SOFTWARE SEGMENT TO LEAD MARKET BY 2028 101
TABLE 22 VISION TRANSFORMERS MARKET, BY SOLUTION, 2022–2028 (USD MILLION) 101
TABLE 23 SOLUTIONS: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 102
6.2.1 SOFTWARE 102
6.2.1.1 Need for efficient vision data handling to drive market for vision transformer software solutions 102
TABLE 24 SOFTWARE: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 103
6.2.1.2 Standalone vision transformer software packages 103
6.2.1.3 Vision transformer libraries and frameworks 103
6.2.2 HARDWARE 104
6.2.2.1 Hardware supports development, training, and deployment of computer vision models 104
TABLE 25 HARDWARE: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 105
6.3 PROFESSIONAL SERVICES 105
FIGURE 34 CONSULTING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 106
TABLE 26 VISION TRANSFORMERS MARKET, BY PROFESSIONAL SERVICE, 2022–2028 (USD MILLION) 106
TABLE 27 PROFESSIONAL SERVICES: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 107
6.3.1 CONSULTING 107
6.3.1.1 Consulting services help organizations manage development, deployment, and maintenance of vision transformers 107
TABLE 28 CONSULTING: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 108
6.3.2 DEPLOYMENT & INTEGRATION 108
6.3.2.1 Deployment and integration services enable organizations to make most of their investments in vision transformer solutions 108
TABLE 29 DEPLOYMENT & INTEGRATION: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 109
6.3.3 TRAINING, SUPPORT, AND MAINTENANCE 109
6.3.3.1 High demand for training and support services from companies adopting vision transformers to drive market 109
TABLE 30 TRAINING, SUPPORT, AND MAINTENANCE: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 110
7 VISION TRANSFORMERS MARKET, BY APPLICATION 111
7.1 INTRODUCTION 112
FIGURE 35 IMAGE CAPTIONING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 112
7.1.1 APPLICATIONS: VISION TRANSFORMERS MARKET DRIVERS 112
TABLE 31 VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 113
7.2 IMAGE CLASSIFICATION 113
7.2.1 INCREASING ADOPTION OF IMAGE CLASSIFICATION ACROSS VARIOUS INDUSTRIES AND SECTORS TO BOOST GROWTH 113
7.2.2 SINGLE-LABEL IMAGE CLASSIFICATION 113
7.2.3 FINE-GRAINED IMAGE CLASSIFICATION 114
7.2.4 MULTI-LABEL CLASSIFICATION 114
7.2.5 OTHERS 115
TABLE 32 IMAGE CLASSIFICATION: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 115
7.3 IMAGE CAPTIONING 115
7.3.1 IMAGE CAPTIONING HAS POTENTIAL TO REVOLUTIONIZE UTILIZATION OF VISUAL CONTENT ACROSS INDUSTRIES 115
7.3.2 FEATURE EXTRACTION 116
7.3.3 MULTI-MODAL FUSION 116
7.3.4 OTHERS 117
TABLE 33 IMAGE CAPTIONING: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 117
7.4 IMAGE SEGMENTATION 117
7.4.1 USE OF IMAGE SEGMENTATION IN WIDE RANGE OF APPLICATIONS, SUCH AS OBJECT DETECTION, MEDICAL IMAGING, AND AUTONOMOUS VEHICLES, TO DRIVE MARKET 117
7.4.2 SEMANTIC SEGMENTATION 118
7.4.3 INSTANCE SEGMENTATION 118
7.4.4 OTHERS 119
TABLE 34 IMAGE SEGMENTATION: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 119
7.5 OBJECT DETECTION 120
7.5.1 PRECISION AND EFFICIENCY OF VISION TRANSFORMER ARCHITECTURES TO DRIVE THEIR USE FOR OBJECT DETECTION 120
7.5.2 SINGLE SHOT DETECTORS (SSDS) 120
7.5.3 REGION-BASED CONVOLUTIONAL NEURAL NETWORKS (R-CNN) 121
7.5.4 OTHERS 121
TABLE 35 OBJECT DETECTION: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 121
7.6 OTHER APPLICATIONS 121
TABLE 36 OTHER APPLICATIONS: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 122
8 VISION TRANSFORMERS MARKET, BY VERTICAL 123
8.1 INTRODUCTION 124
FIGURE 36 MEDIA & ENTERTAINMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2023 124
8.1.1 VERTICALS: VISION TRANSFORMERS MARKET DRIVERS 124
TABLE 37 VISION TRANSFORMERS MARKET, BY VERTICAL, 2022–2028 (USD MILLION) 125
8.2 RETAIL & ECOMMERCE 125
8.2.1 NEED FOR RETAILERS TO USE VISION TRANSFORMERS TO COLLECT AND ANALYZE DATA ON CUSTOMER BEHAVIOR TO BOOST MARKET 125
8.2.2 VISUAL SEARCH & RECOMMENDATION 126
8.2.3 VIRTUAL TRY-ON & FITTING ROOMS 126
8.2.4 AUTOMATED PRODUCT TAGGING & CATALOGING 127
8.2.5 OTHERS 127
TABLE 38 RETAIL & ECOMMERCE: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 127
8.3 MEDIA & ENTERTAINMENT 128
8.3.1 DEMAND FOR OPTIMIZED CONTENT CREATION, MANAGEMENT, AND DELIVERY TO BOOST MARKET EXPANSION 128
8.3.2 CONTENT RECOMMENDATION 128
8.3.3 CONTENT MODERATION 128
8.3.4 VIDEO SUMMARIZATION & HIGHLIGHT EXTRACTION 129
8.3.5 OTHERS 129
TABLE 39 MEDIA & ENTERTAINMENT: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 129
8.4 AUTOMOTIVE 129
8.4.1 INCREASING NEED TO IMPROVE ROAD SAFETY AND REDUCE MISHAPS TO DRIVE USE OF COMPUTER VISION SOLUTIONS 129
8.4.2 AUTONOMOUS DRIVING & ADVANCED DRIVER ASSISTANCE SYSTEMS (ADAS) 130
8.4.3 PEDESTRIAN & CYCLIST DETECTION 130
8.4.4 OTHERS 130
TABLE 40 AUTOMOTIVE: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 131
8.5 GOVERNMENT & DEFENSE 131
8.5.1 RISING NEED TO IMPROVE SITUATIONAL AWARENESS, SECURITY, AND OPERATIONAL EFFICIENCY TO DRIVE ADOPTION OF VISION TRANSFORMERS IN GOVERNMENT AND DEFENSE SECTORS 131
8.5.2 BORDER SECURITY & SURVEILLANCE 131
8.5.3 AERIAL & SATELLITE IMAGE ANALYSIS 132
8.5.4 OBJECT DETECTION & TRACKING 132
8.5.5 OTHERS 132
TABLE 41 GOVERNMENT & DEFENSE: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 132
8.6 HEALTHCARE & LIFE SCIENCES 133
8.6.1 VISION TRANSFORMERS ENHANCE MEDICAL ROBOTICS APPLICATIONS BY PROVIDING REAL-TIME VISUAL FEEDBACK AND GUIDANCE DURING PROCEDURES 133
8.6.2 MEDICAL IMAGE ANALYSIS 133
8.6.3 DISEASE DETECTION & CLASSIFICATION 133
8.6.4 DRUG DISCOVERY & DRUG DEVELOPMENT 134
8.6.5 OTHERS 134
TABLE 42 HEALTHCARE & LIFE SCIENCES: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 134
8.7 OTHER VERTICALS 134
TABLE 43 OTHER VERTICALS: VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 135
9 VISION TRANSFORMERS MARKET, BY REGION 136
9.1 INTRODUCTION 137
FIGURE 37 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 137
TABLE 44 VISION TRANSFORMERS MARKET, BY REGION, 2022–2028 (USD MILLION) 137
9.2 NORTH AMERICA 137
9.2.1 NORTH AMERICA: VISION TRANSFORMERS MARKET DRIVERS 138
9.2.2 NORTH AMERICA: RECESSION IMPACT 138
FIGURE 38 NORTH AMERICA: MARKET SNAPSHOT 139
TABLE 45 NORTH AMERICA: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 139
TABLE 46 NORTH AMERICA: VISION TRANSFORMERS MARKET, BY SOLUTION, 2022–2028 (USD MILLION) 140
TABLE 47 NORTH AMERICA: VISION TRANSFORMERS MARKET, BY PROFESSIONAL SERVICE, 2022–2028 (USD MILLION) 140
TABLE 48 NORTH AMERICA: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 140
TABLE 49 NORTH AMERICA: VISION TRANSFORMERS MARKET, BY VERTICAL, 2022–2028 (USD MILLION) 141
TABLE 50 NORTH AMERICA: VISION TRANSFORMERS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 141
9.2.3 US 141
9.2.3.1 Growth in technology hubs across country, with participation from companies and research institutions, to drive market 141
TABLE 51 US: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 142
TABLE 52 US: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 142
9.2.4 CANADA 142
9.2.4.1 Growing innovation in healthcare applications and IT infrastructure to boost growth 142
TABLE 53 CANADA: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 143
TABLE 54 CANADA: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 143
9.3 EUROPE 143
9.3.1 EUROPE: VISION TRANSFORMERS MARKET DRIVERS 144
9.3.2 EUROPE: RECESSION IMPACT 144
TABLE 55 EUROPE: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 145
TABLE 56 EUROPE: VISION TRANSFORMERS MARKET, BY SOLUTION, 2022–2028 (USD MILLION) 145
TABLE 57 EUROPE: VISION TRANSFORMERS MARKET, BY PROFESSIONAL SERVICE, 2022–2028 (USD MILLION) 145
TABLE 58 EUROPE: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 146
TABLE 59 EUROPE: VISION TRANSFORMERS MARKET, BY VERTICAL, 2022–2028 (USD MILLION) 146
TABLE 60 EUROPE: VISION TRANSFORMERS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 146
9.3.3 UK 147
9.3.3.1 Rise in investments by government in AI and computer vision technologies to spur market expansion 147
TABLE 61 UK: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 147
TABLE 62 UK: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 148
9.3.4 GERMANY 148
9.3.4.1 German government to become technology’s global leader by galvanizing AI R&D and application 148
TABLE 63 GERMANY: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 148
TABLE 64 GERMANY: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 149
9.3.5 FRANCE 149
9.3.5.1 Government initiatives to support adoption of vision and AI technologies to drive market growth 149
TABLE 65 FRANCE: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 149
TABLE 66 FRANCE: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 150
9.3.6 ITALY 150
9.3.6.1 Increasing government support and initiatives related to AI and technology innovation to encourage growth 150
TABLE 67 ITALY: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 150
TABLE 68 ITALY: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 151
9.3.7 REST OF EUROPE 151
TABLE 69 REST OF EUROPE: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 151
TABLE 70 REST OF EUROPE: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 152
9.4 ASIA PACIFIC 152
9.4.1 ASIA PACIFIC: VISION TRANSFORMERS MARKET DRIVERS 153
9.4.2 ASIA PACIFIC: RECESSION IMPACT 153
FIGURE 39 ASIA PACIFIC: MARKET SNAPSHOT 154
TABLE 71 ASIA PACIFIC: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 154
TABLE 72 ASIA PACIFIC: VISION TRANSFORMERS MARKET, BY SOLUTION, 2022–2028 (USD MILLION) 155
TABLE 73 ASIA PACIFIC: VISION TRANSFORMERS MARKET, BY PROFESSIONAL SERVICE, 2022–2028 (USD MILLION) 155
TABLE 74 ASIA PACIFIC: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 155
TABLE 75 ASIA PACIFIC: VISION TRANSFORMERS MARKET, BY VERTICAL, 2022–2028 (USD MILLION) 156
TABLE 76 ASIA PACIFIC: VISION TRANSFORMERS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 156
9.4.3 CHINA 156
9.4.3.1 Rapid digitalization, economic growth, and increase in data consumption to propel market expansion 156
TABLE 77 CHINA: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 157
TABLE 78 CHINA: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 157
9.4.4 JAPAN 157
9.4.4.1 Engagement of prominent tech companies in AI development to boost market 157
TABLE 79 JAPAN: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 158
TABLE 80 JAPAN: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 158
9.4.5 INDIA 158
9.4.5.1 Growth in initiatives to implement Industry 4.0 to encourage market expansion 158
TABLE 81 INDIA: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 159
TABLE 82 INDIA: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 159
9.4.6 REST OF ASIA PACIFIC 159
TABLE 83 REST OF ASIA PACIFIC: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 160
TABLE 84 REST OF ASIA PACIFIC: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 160
9.5 REST OF THE WORLD (ROW) 160
9.5.1 EXTENSIVE USE OF VISION TRANSFORMERS IN AGRICULTURE AND TO ADDRESS SECURITY CHALLENGES TO SPUR GROWTH 160
9.5.2 ROW: VISION TRANSFORMERS MARKET DRIVERS 161
9.5.3 ROW: RECESSION IMPACT 161
TABLE 85 ROW: VISION TRANSFORMERS MARKET, BY OFFERING, 2022–2028 (USD MILLION) 162
TABLE 86 ROW: VISION TRANSFORMERS MARKET, BY SOLUTION, 2022–2028 (USD MILLION) 163
TABLE 87 ROW: VISION TRANSFORMERS MARKET, BY PROFESSIONAL SERVICE, 2022–2028 (USD MILLION) 163
TABLE 88 ROW: VISION TRANSFORMERS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 163
TABLE 89 ROW: VISION TRANSFORMERS MARKET, BY VERTICAL, 2022–2028 (USD MILLION) 164
10 COMPETITIVE LANDSCAPE 165
10.1 INTRODUCTION 165
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 165
TABLE 90 OVERVIEW OF STRATEGIES ADOPTED BY KEY VISION TRANSFORMER VENDORS 165
10.3 REVENUE ANALYSIS 169
FIGURE 40 HISTORICAL FIVE-YEAR SEGMENTAL REVENUE ANALYSIS OF KEY VISION TRANSFORMER PROVIDERS 169
10.4 MARKET SHARE ANALYSIS 169
FIGURE 41 MARKET SHARE ANALYSIS, 2022 170
TABLE 91 VISION TRANSFORMERS MARKET: INTENSITY OF COMPETITIVE RIVALRY 170
10.5 BRAND COMPARISON/VENDOR PRODUCT LANDSCAPE 171
TABLE 92 BRAND COMPARISON/VENDOR PRODUCT LANDSCAPE 171
10.6 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 172
FIGURE 42 VISION TRANSFORMERS MARKET: GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 173
10.7 COMPANY EVALUATION MATRIX 173
FIGURE 43 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE 174
10.7.1 STARS 174
10.7.2 EMERGING LEADERS 174
10.7.3 PERVASIVE PLAYERS 174
10.7.4 PARTICIPANTS 175
FIGURE 44 COMPANY EVALUATION MATRIX 175
10.7.5 COMPANY FOOTPRINT 176
TABLE 93 COMPANY FOOTPRINT, BY REGION 176
TABLE 94 COMPANY FOOTPRINT, BY OFFERING 176
TABLE 95 OVERALL COMPANY FOOTPRINT 177
10.8 VALUATION AND FINANCIAL METRICS OF VISION TRANSFORMER VENDORS 178
FIGURE 45 VALUATION AND FINANCIAL METRICS OF VISION TRANSFORMER VENDORS 178
10.9 KEY MARKET DEVELOPMENTS 178
10.9.1 PRODUCT LAUNCHES & ENHANCEMENTS 178
TABLE 96 VISION TRANSFORMERS MARKET: PRODUCT LAUNCHES & ENHANCEMENTS, 2022–2023 178
10.9.2 DEALS 182
TABLE 97 VISION TRANSFORMERS MARKET: DEALS, 2022–2023 182
11 COMPANY PROFILES 185
11.1 INTRODUCTION 185
11.2 MAJOR PLAYERS 185
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices made, and Weaknesses and Competitive threats)*
11.2.1 GOOGLE 185
TABLE 98 GOOGLE: BUSINESS OVERVIEW 185
FIGURE 46 GOOGLE: COMPANY SNAPSHOT 186
TABLE 99 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 186
TABLE 100 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS 187
11.2.2 OPENAI 189
TABLE 101 OPENAI: COMPANY OVERVIEW 189
TABLE 102 OPENAI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 103 OPENAI: PRODUCT LAUNCHES AND ENHANCEMENTS 190
TABLE 104 OPENAI: DEALS 191
11.2.3 META 193
TABLE 105 META: COMPANY OVERVIEW 193
FIGURE 47 META: COMPANY SNAPSHOT 194
TABLE 106 META: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194
TABLE 107 META: PRODUCT LAUNCHES AND ENHANCEMENTS 195
11.2.4 AWS 197
TABLE 108 AWS: COMPANY OVERVIEW 197
FIGURE 48 AWS: COMPANY SNAPSHOT 197
TABLE 109 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 110 AWS: PRODUCT LAUNCHES AND ENHANCEMENTS 198
TABLE 111 AWS: DEALS 201
11.2.5 NVIDIA CORPORATION 203
TABLE 112 NVIDIA CORPORATION: BUSINESS OVERVIEW 203
FIGURE 49 NVIDIA CORPORATION: COMPANY SNAPSHOT 204
TABLE 113 NVIDIA CORPORATION: PRODUCT/SOLUTION/SERVICE OFFERINGS 204
TABLE 114 NVIDIA CORPORATION: PRODUCT LAUNCHES AND ENHANCEMENTS 205
TABLE 115 NVIDIA CORPORATION: DEALS 205
11.2.6 LEEWAYHERTZ 207
TABLE 116 LEEWAYHERTZ: BUSINESS OVERVIEW 207
TABLE 117 LEEWAYHERTZ: PRODUCTS/SERVICES OFFERED 207
11.2.7 SYNOPSYS 209
TABLE 118 SYNOPSYS: BUSINESS OVERVIEW 209
FIGURE 50 SYNOPSYS: COMPANY SNAPSHOT 210
TABLE 119 SYNOPSYS: PRODUCTS/SERVICES OFFERED 210
TABLE 120 SYNOPSYS: PRODUCT LAUNCHES & ENHANCEMENTS 211
11.2.8 HUGGING FACE 212
TABLE 121 HUGGING FACE: BUSINESS OVERVIEW 212
TABLE 122 HUGGING FACE: PRODUCTS/SERVICES OFFERED 213
TABLE 123 HUGGING FACE: PRODUCT LAUNCHES AND ENHANCEMENTS 213
TABLE 124 HUGGING FACE: DEALS 214
11.2.9 MICROSOFT 215
TABLE 125 MICROSOFT: BUSINESS OVERVIEW 215
FIGURE 51 MICROSOFT: COMPANY SNAPSHOT 216
TABLE 126 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 127 MICROSOFT: PRODUCT LAUNCHES & ENHANCEMENTS 217
TABLE 128 MICROSOFT: DEALS 218
11.2.10 QUALCOMM 219
TABLE 129 QUALCOMM: BUSINESS OVERVIEW 219
FIGURE 52 QUALCOMM: COMPANY SNAPSHOT 220
TABLE 130 QUALCOMM: PRODUCTS/SOLUTIONS OFFERED 220
TABLE 131 QUALCOMM: PRODUCT LAUNCHES AND ENHANCEMENTS 221
TABLE 132 QUALCOMM: DEALS 221
11.2.11 INTEL 222
TABLE 133 INTEL: BUSINESS OVERVIEW 222
FIGURE 53 INTEL: COMPANY SNAPSHOT 223
TABLE 134 INTEL: PRODUCTS/SOLUTIONS OFFERED 223
TABLE 135 INTEL: PRODUCT LAUNCHES AND ENHANCEMENTS 224
TABLE 136 INTEL: DEALS 224
11.3 OTHER PLAYERS 225
11.3.1 CLARIFAI 225
11.3.2 QUADRIC 226
11.3.3 VISO.AI 227
11.3.4 DECI 228
11.3.5 V7 LABS 229
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices made, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.
12 ADJACENT & RELATED MARKETS 230
12.1 INTRODUCTION 230
12.1.1 RELATED MARKETS 230
12.1.2 LIMITATIONS 230
12.2 GENERATIVE AI MARKET 230
TABLE 137 GENERATIVE AI MARKET, BY OFFERING, 2019–2022 (USD MILLION) 230
TABLE 138 GENERATIVE AI MARKET, BY OFFERING, 2023–2030 (USD MILLION) 231
TABLE 139 GENERATIVE AI MARKET, BY SERVICE, 2019–2022 (USD MILLION) 231
TABLE 140 GENERATIVE AI MARKET, BY SERVICE, 2023–2030 (USD MILLION) 231
TABLE 141 GENERATIVE AI MARKET, BY DATA MODALITY, 2019–2022 (USD MILLION) 231
TABLE 142 GENERATIVE AI MARKET, BY DATA MODALITY, 2023–2030 (USD MILLION) 232
TABLE 143 GENERATIVE AI MARKET, BY REGION, 2019–2022 (USD MILLION) 232
TABLE 144 GENERATIVE AI MARKET, BY REGION, 2023–2030 (USD MILLION) 232
12.3 AI IN COMPUTER VISION MARKET 233
TABLE 145 AI IN COMPUTER VISION MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 233
TABLE 146 AI IN COMPUTER VISION MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 233
TABLE 147 AI IN COMPUTER VISION MARKET, BY HARDWARE TYPE, 2019–2022 (USD MILLION) 233
TABLE 148 AI IN COMPUTER VISION MARKET, BY HARDWARE TYPE, 2023–2028 (USD MILLION) 234
TABLE 149 AI IN COMPUTER VISION MARKET, BY SOFTWARE TYPE, 2019–2022 (USD MILLION) 234
TABLE 150 AI IN COMPUTER VISION MARKET, BY SOFTWARE TYPE, 2023–2028 (USD MILLION) 234
TABLE 151 AI IN COMPUTER VISION MARKET, BY FUNCTION, 2019–2022 (USD MILLION) 234
TABLE 152 AI IN COMPUTER VISION MARKET, BY FUNCTION, 2023–2028 (USD MILLION) 234
TABLE 153 AI IN COMPUTER VISION MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 235
TABLE 154 AI IN COMPUTER VISION MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 235
TABLE 155 AI IN COMPUTER VISION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 235
TABLE 156 AI IN COMPUTER VISION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 236
TABLE 157 AI IN COMPUTER VISION MARKET, BY REGION, 2019–2022 (USD MILLION) 236
TABLE 158 AI IN COMPUTER VISION MARKET, BY REGION, 2023–2028 (USD MILLION) 236
13 APPENDIX 237
13.1 DISCUSSION GUIDE 237
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 240
13.3 CUSTOMIZATION OPTIONS 242
13.4 RELATED REPORTS 242
13.5 AUTHOR DETAILS 243
