A recent market research report added to the research report portfolio of MarketResearchReports.biz presents a thorough account of the growth prospects of the global visual computing market. The report is titled “Visual Computing Market: Global Industry Analysis and Opportunity Assessment 2017-2027.”
According to the report, the market is likely to expand at an impressive pace in the next few years, driven by the rising demand for advanced visual computing technologies in a rising set of applications. The market is also benefitting from the rising demand for improved user experience and graphics in games and other digital media. The rising usage of interactive whiteboards in educations institutes is also a key factor likely to work well for the global visual computing market in the next few years. Moreover, the rising demand for improved video and image processing technologies in areas such as entertainment and healthcare is also likely to drive the global visual computing market in the next few years.
The report presents a much detailed account of the growth prospects of the global visual computing market by segmenting the market on the basis of certain criteria. The market has been segmented based on technology, application, component, industries, and geography. Based on component, the market is segmented into hardware and software. Technologies used in visual processing examined in the report are video processing and image processing. Based on application, the market is segmented into smartphones and tablets, ultra high definition TVs, interactive whiteboards, and interactive kiosks. Based on end-use industries, the market is segmented into media and entertainment, healthcare, automotive, aerospace, and defense.
Geographically, the report covers the visual computing market for regions such as Latin America, North America, Eastern Europe, Western Europe, Asia Pacific, and Middle East and Africa. Presently, the market in North America is the leading revenue contributor to the global market, thanks to the high rate of penetration of advanced technologies and the high concentration of leading players. The market in Asia Pacific is also likely to expand at an impressive pace in the next few years owing to the rising inclination of consumers towards latest technological advancements in electronic products.
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The global visual computing market has become highly competitive in the past few years owing to the vast rise in the number of product and service providers across the globe. Leading vendors such as ARM Holding Plc., Nvidia Corporation, and Intel Corporation are putting more emphasis on the development of innovative products and services so as to strengthen their positions in the overall market. Focus on development of products to specifically cater to lucrative application areas such as video streaming and gaming has also significantly increased in the market over the years.