Vision Transformers Market Size, Share, Trends, And Forecasted Growth For 2023-2028
The global Vision Transformers Market size is expected 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, according to a new report by MarketsandMarkets™. Vision transformers, inspired by the success of Transformer models in natural language processing, have revolutionized the way machines perceive and understand visual data, including images and videos.
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List of Leading Companies in Vision Transformers Market:
Google (US)
OpenAI (US)
Meta (US)
AWS (US)
NVIDIA Corporation (US)
LeewayHertz (US)
Synopsys (US)
Hugging Face (US)
Microsoft (US)
Qualcomm (US)
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The market encompasses a wide range of offerings, including hardware, software, and professional services, to support the adoption of Vision transformer solutions.The exponential growth of AI in machine vision and the increasing need for image recognition in the automotive industry are driving the market growth.
The professional services segment will grow at the highest CAGR during the forecast period.
By offering segments, the vision transformers market comprises solutions and professional services. The professional services segment will grow at the highest CAGR during the forecast period. Professional services in the Vision Transformer market refer to specialized offerings provided by experts and firms to assist organizations and individuals in leveraging Vision Transformers technology effectively. These services facilitate adopting, integrating, and managing vision transformers, addressing specific needs and challenges. Professional services help organizations and individuals harness the full potential of vision transformers technology, reduce entry barriers, enhance competence, and stay competitive in a rapidly evolving technological landscape.
Image captioning segment to grow at the highest CAGR during the forecast period.
The various application segments we have captured in the scope are – Image Classification, Image Captioning, Image Segmentation, Object Detection, and Other Applications. The image captioning segment would grow at the highest CAGR during the forecast period. Image captioning is a computer vision and natural language processing task that involves generating descriptive textual captions for images. The goal is to teach a machine learning model to understand the content of an image and develop a coherent and contextually relevant description in natural language. Image captioning plays a significant role in the vision transformers market by combining visual perception with language understanding.
The healthcare & life sciences vertical will grow at the second-highest CAGR during the forecast period.
The healthcare & life sciences vertical is undergoing a significant transformation with the adoption of vision transformers in the market. ViTs can analyze medical images such as X-rays, MRIs, CT scans, and histopathology slides. These models can accurately identify diseases, anomalies, and lesions, potentially aiding in earlier diagnoses and treatment. They assist in detecting and diagnosing various medical conditions, including tumors, fractures, and abnormalities. They help detect and monitor diseases, such as diabetic retinopathy, where they analyze retinal images to identify early signs of the disease.
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The global Vision Transformers Market size is expected 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, according to a new report by MarketsandMarkets™. Vision transformers, inspired by the success of Transformer models in natural language processing, have revolutionized the way machines perceive and understand visual data, including images and videos.
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=190275583
List of Leading Companies in Vision Transformers Market:
Google (US)
OpenAI (US)
Meta (US)
AWS (US)
NVIDIA Corporation (US)
LeewayHertz (US)
Synopsys (US)
Hugging Face (US)
Microsoft (US)
Qualcomm (US)
Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=190275583
The market encompasses a wide range of offerings, including hardware, software, and professional services, to support the adoption of Vision transformer solutions.The exponential growth of AI in machine vision and the increasing need for image recognition in the automotive industry are driving the market growth.
The professional services segment will grow at the highest CAGR during the forecast period.
By offering segments, the vision transformers market comprises solutions and professional services. The professional services segment will grow at the highest CAGR during the forecast period. Professional services in the Vision Transformer market refer to specialized offerings provided by experts and firms to assist organizations and individuals in leveraging Vision Transformers technology effectively. These services facilitate adopting, integrating, and managing vision transformers, addressing specific needs and challenges. Professional services help organizations and individuals harness the full potential of vision transformers technology, reduce entry barriers, enhance competence, and stay competitive in a rapidly evolving technological landscape.
Image captioning segment to grow at the highest CAGR during the forecast period.
The various application segments we have captured in the scope are – Image Classification, Image Captioning, Image Segmentation, Object Detection, and Other Applications. The image captioning segment would grow at the highest CAGR during the forecast period. Image captioning is a computer vision and natural language processing task that involves generating descriptive textual captions for images. The goal is to teach a machine learning model to understand the content of an image and develop a coherent and contextually relevant description in natural language. Image captioning plays a significant role in the vision transformers market by combining visual perception with language understanding.
The healthcare & life sciences vertical will grow at the second-highest CAGR during the forecast period.
The healthcare & life sciences vertical is undergoing a significant transformation with the adoption of vision transformers in the market. ViTs can analyze medical images such as X-rays, MRIs, CT scans, and histopathology slides. These models can accurately identify diseases, anomalies, and lesions, potentially aiding in earlier diagnoses and treatment. They assist in detecting and diagnosing various medical conditions, including tumors, fractures, and abnormalities. They help detect and monitor diseases, such as diabetic retinopathy, where they analyze retinal images to identify early signs of the disease.
Buy Now @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=190275583
Vision Transformers Market Size, Share, Trends, And Forecasted Growth For 2023-2028
The global Vision Transformers Market size is expected 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, according to a new report by MarketsandMarkets™. Vision transformers, inspired by the success of Transformer models in natural language processing, have revolutionized the way machines perceive and understand visual data, including images and videos.
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=190275583
List of Leading Companies in Vision Transformers Market:
Google (US)
OpenAI (US)
Meta (US)
AWS (US)
NVIDIA Corporation (US)
LeewayHertz (US)
Synopsys (US)
Hugging Face (US)
Microsoft (US)
Qualcomm (US)
Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=190275583
The market encompasses a wide range of offerings, including hardware, software, and professional services, to support the adoption of Vision transformer solutions.The exponential growth of AI in machine vision and the increasing need for image recognition in the automotive industry are driving the market growth.
The professional services segment will grow at the highest CAGR during the forecast period.
By offering segments, the vision transformers market comprises solutions and professional services. The professional services segment will grow at the highest CAGR during the forecast period. Professional services in the Vision Transformer market refer to specialized offerings provided by experts and firms to assist organizations and individuals in leveraging Vision Transformers technology effectively. These services facilitate adopting, integrating, and managing vision transformers, addressing specific needs and challenges. Professional services help organizations and individuals harness the full potential of vision transformers technology, reduce entry barriers, enhance competence, and stay competitive in a rapidly evolving technological landscape.
Image captioning segment to grow at the highest CAGR during the forecast period.
The various application segments we have captured in the scope are – Image Classification, Image Captioning, Image Segmentation, Object Detection, and Other Applications. The image captioning segment would grow at the highest CAGR during the forecast period. Image captioning is a computer vision and natural language processing task that involves generating descriptive textual captions for images. The goal is to teach a machine learning model to understand the content of an image and develop a coherent and contextually relevant description in natural language. Image captioning plays a significant role in the vision transformers market by combining visual perception with language understanding.
The healthcare & life sciences vertical will grow at the second-highest CAGR during the forecast period.
The healthcare & life sciences vertical is undergoing a significant transformation with the adoption of vision transformers in the market. ViTs can analyze medical images such as X-rays, MRIs, CT scans, and histopathology slides. These models can accurately identify diseases, anomalies, and lesions, potentially aiding in earlier diagnoses and treatment. They assist in detecting and diagnosing various medical conditions, including tumors, fractures, and abnormalities. They help detect and monitor diseases, such as diabetic retinopathy, where they analyze retinal images to identify early signs of the disease.
Buy Now @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=190275583
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