November 1, 2020

Visual Computing Market in US to Grow at 23% until 2022, says TechSci Research

Growing government support for autonomous vehicles and increasing adoption of visual computing technology across various sectorsto driveUnited States visual computing market through 2022
According to TechSci Research report, “United States Visual Computing Market By Component, By Display Platform, By End User Industry, Competition Forecast & Opportunities, 2012 – 2022”, visual computing market in the United States is forecast toexhibit a CAGR of over 23%during 2017-2022. Growth in the market can be attributed to an upsurge in demand for cloud-related services, intensifying developments in the gaming industry, and surging AR and VR market. Growing adoption of visual computing technologies by various end-user sectors including gaming, media & entertainment, healthcare and automotive, coupled with favorable government policies aimed at boosting the adoption of autonomous vehicles in the country are some of the other factors expected to positively influence the visual computing market in the US through 2022.
“United States Visual Computing Market “
Gaming industry accounted for the largest share in the US visual computing market in 2016and the segment is expected to remain the largest end-user during forecast period as well, predominantly owing to increasing demand for advanced gaming solutions in the country. In 2016, the country’s western region dominated the market, due to the presence of a number of global technology giants, such as Amazon Web Services and Microsoft Azure, in addition to numerous budding start-ups in the region. However, in the coming years, the country’s northeast region is anticipated to grow at the fastest rate in the United States visual computing market,on account of rising adoption of mobile gaming and increasing internet penetration in various states of the region.
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“Over the years, augmented reality (AR) and virtual reality (VR) market has registered strong growth in the US, due to growing acceptance of these technologies in defense applications for head-up displays, head mounted displays as well as smart glasses. With high and increasing IT and military spending in the country, adoption of these technologies in the country would further grow in the coming years, consequently, boosting demand for visual computing through 2022.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Visual Computing Market By Component, By Display Platform, By End User Industry, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of the United States visual computing market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the United States visual computing market.