Computer vision's next breakthrough
The first computer vision use cases in the 1950s analyzed typed versus handwritten text. Early commercial applications focused on single images, including optical character recognition, image segmentation, and object detection. Pioneering work on facial recognition began in the 1960s, and big tech companies began launching capabilities around 2010.
The computer vision market size was estimated at $14 billion in 2022 and is expected to grow at a compound annual growth rate of 19.6% from 2023 to 2030. While there are many new computer vision breakthroughs and startups, its market size is small compared to other AI technologies. Generative AI, for example, is estimated to become a $1.3 trillion market by 2032.