The Visual AI market is expected to reach $26,140 million by 2031, driven by innovations in city management, healthcare and more. This growth is attributed to the increasing adoption of AI technologies in various industries.
In healthcare, AI is expected to grow at a CAGR of 38.5% from 2024 to 2030, with applications in medical imaging analysis, predictive analytics and personalized treatment planning. Visual AI is also being used in smart city initiatives for traffic management, surveillance and public safety.
Advancements in machine learning, deep learning and natural language processing are driving the growth of Visual AI. Industries are increasingly adopting AI technologies to improve efficiency and accuracy, and the demand for Visual AI solutions is growing in various sectors, including healthcare, city management and finance.
Key players in the Visual AI market include Microsoft, IBM, Google, NVIDIA Corporation and Intel Corporation. As the market continues to grow, we can expect to see more innovative applications of Visual AI in various industries.
