The machine software demand will increased during 2017 to 2023.
In 2017, according to a recent report, the global machine vision market was valued at $7.91 billion1. By 2023, the global market is expected to reach $12.29 billion – a compound annual growth rate (CAGR) of 7.61%. This robust growth is caused by a number of broader economic factors. The machine software will be driven more demands according tot the trend
What’s Driving Long-Term Growth in Machine Vision?
The major drivers of growth in the machine vision market are the need for quality inspection and automation inside factories, increased demand for AI and IoT integrated systems that depend on machine vision, increasing adoption of Industrial 4.0 technology that uses vision to improve the productivity of robotic automation, and also industry is aware of the trends to support smart factories across the globe.
Machine vision software will be one of the fastest growing segments between 2017 and 2023. The main reason for this is the expected increase in integration of AI into industrial machine vision software to enable deep learning in robotics technology.
PC-based industrial machine vision products, the oldest form of industrial machine vision, will retain a large portion of machine vision market share because of their ease of use and processing power. However the RISC base may gradually be popular once the simple function spread.
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