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Industrial Vision Systems Market is expected to generate a revenue of USD 25.85 Billion by 2031, Globally, at 8.53% CAGR: Verified Market Research®

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Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, “Industrial Vision Systems Market Size and Forecast,” a comprehensive study tailored to provide actionable insights and strategic guidance addressing the growing demand for automation, quality control, and manufacturing efficiency across various sectors.

LEWES, Del., Sept. 26, 2024 /PRNewswire/ — The Global Industrial Vision Systems Market Size is projected to grow at a CAGR of 8.53% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 14.25 Billion in 2023 and is expected to reach USD 25.85 Billion by the end of the forecast period.

As industries shift towards smart manufacturing and Industry 4.0 technologies, industrial vision systems are becoming critical enablers of productivity, precision, and innovation. This new report equips decision-makers with essential data, market forecasts, and actionable strategies to stay ahead in an increasingly competitive landscape.

Key Insights of the Report Include:

Market Dynamics & Trends: Detailed analysis of the factors driving adoption of industrial vision systems, such as advancements in AI-powered visual inspection, automation, and real-time quality control.Technological Innovations: Explore cutting-edge technologies like deep learning, 3D vision systems, and robotic vision integration that are revolutionizing production lines.Industry-Specific Insights: Tailored market insights for industries including automotive, electronics, pharmaceuticals, food & beverage, and packaging, where demand for vision systems is skyrocketing.Competitive Landscape: Comprehensive profiling of key players in the market, with a focus on mergers, acquisitions, and innovative product launches shaping the future of industrial vision systems.Global Market Forecast: Detailed market projections and growth opportunities for industrial vision systems across regions, with strategic insights on emerging markets and regulatory frameworks.

Why This Report Matters for Industry leaders:

Actionable Data: Provides precise market forecasts, key trends, and potential challenges that will impact the global Industrial Vision Systems Market in the coming years.Competitive Edge: Stay ahead of the competition with exclusive insights into R&D activities, mergers and acquisitions, and emerging market disruptors.Customizable Solutions: Our report offers tailored analysis to meet the specific needs of businesses in various sectors, ensuring strategic alignment with market opportunities.

Who Should Read This Report: Industry leaders looking to optimize production, enhance quality control, and reduce operational costs can’t afford to miss this essential guide. Whether you’re seeking to invest in the latest technologies or identify potential partnerships, the Industrial Vision Systems Market report is your strategic advantage in the evolving landscape of industrial automation.

Stay ahead of the curve in the ever-evolving Industrial Vision Systems Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=5771

Browse in-depth TOC on “Global Industrial Vision Systems Market Size

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2018-2031

GROWTH RATE

CAGR of ~8.53% from 2024 to 2031

BASE YEAR FOR VALUATION

2023

HISTORICAL PERIOD

2018-2022

FORECAST PERIOD

2024-2031

QUANTITATIVE UNITS

Value in USD Billion

REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

SEGMENTS COVERED

ComponentProductApplicationVertical

 

REGIONS COVERED

North AmericaEuropeAsia Pacific

 

KEY PLAYERS

Cognex CorporationKeyence CorporationBasler AGTeledyne TechnologiesNational Instruments (now part of Averna)Omron CorporationSony CorporationMatrox ImagingFLIR SystemsAllied Vision TechnologiesJAI A/SBaumer GroupSICK AGDatalogic S.p.A.Panasonic CorporationISRA Vision AGStemmer ImagingIDS Imaging Development Systems GmbHLMI TechnologiesVitronic GmbH

 

CUSTOMIZATION

Report customization along with purchase available upon request

Global Industrial Vision Systems Market Overview

Growing Demand for Automation in Manufacturing: The Industrial Vision Systems Market is witnessing significant expansion driven by the rising automation in manufacturing sectors. As enterprises emphasize operational efficiency and minimize personnel expenses, vision systems are essential in improving quality control, speed, and accuracy. The demand driven by automation is anticipated to enhance adoption, as organizations pursue scalable and intelligent solutions to optimize their production processes.

Advancements in AI and Machine Learning Technologies: Artificial intelligence and machine learning are transforming the Industrial Vision Systems Market by providing enhanced capabilities in picture recognition, defect detection, and decision-making. AI-driven vision systems enable enterprises to attain enhanced precision and real-time analysis, hence minimizing error margins. As artificial intelligence advances, the market will experience substantial growth, propelled by the demand for intelligent, self-learning vision systems across many industries.

Rising Demand from Emerging Economies: The Industrial Vision Systems Market is experiencing growth in emerging economies with fast expanding manufacturing sectors. Asia-Pacific and Latin American nations are significantly investing in sophisticated technology to enhance manufacturing efficiency and global competitiveness. This geographical expansion is creating new prospects for vision system providers, enabling them to access these markets and offer economical, scalable systems customized to specific local requirements.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=5771

High Initial Investment and Installation Costs: A significant barrier to the growth of the Industrial Vision Systems Market is the considerable upfront capital investment required for the deployment of these systems. The costs related to equipment procurement, installation, and system integration may deter small and medium-sized enterprises from adopting these technologies. Companies with limited cash flow may delay or abandon investments, impeding market penetration in particular segments despite the long-term benefits of automation.

Technical Challenges and System Complexity: The intricacy of establishing and managing industrial vision systems can significantly impede enterprises. Incorporating these systems into current production lines frequently necessitates specialized expertise and extensive training for staff, hence elevating downtime and operational expenses. This constraint constrains the Industrial Vision Systems Market by diminishing its attractiveness to firms with limited technological proficiency or those hesitant to alter their existing procedures.

Data Security and Privacy Concerns: With the adoption of advanced vision systems in sectors, data security and privacy have become critical issues. The Industrial Vision Systems Market encounters opposition from organizations reluctant to disclose key production data or utilize cloud-based storage due to the threat of cyberattacks. The aforementioned security challenges may impede the adoption rate, especially in sectors with rigorous data protection requirements, unless comprehensive security measures are enacted.

Geographical Dominance

The Industrial Vision Systems Market is primarily led by North America and Asia-Pacific, attributed to robust industrial automation adoption, sophisticated manufacturing infrastructure, and substantial R&D investments. North America excels in innovation regarding AI-driven vision systems, whereas the rise of the Asia-Pacific region is propelled by its burgeoning industrial industries. This geographical supremacy propels market expansion, as enterprises in these areas stimulate demand for advanced automation technology.

Key Players

The “Global Industrial Vision Systems Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Cognex Corporation, Keyence Corporation, Basler AG, Teledyne Technologies, Omron Corporation, Sony Corporation, Matrox Imaging, FLIR Systems, Allied Vision Technologies and Others.

Industrial Vision Systems Market Segment Analysis

Based on the research, Verified Market Research has segmented the global Industrial Vision Systems Market into Component, Product, Application, Vertical and Geography.

Industrial Vision Systems Market, by ComponentHardwareCameraProcessorOpticsFrame GrabberLED LightingOthersSoftwareDeep LearningApplication SpecificIndustrial Vision Systems Market, by Product:PC-Based Vision SystemSmart Camera-Based Vision SystemIndustrial Vision Systems Market, by Application:Quality Assurance And InspectionIdentificationPositioning And GuidanceMeasurementIndustrial Vision Systems Market, by Vertical:AutomotiveConsumer ElectronicsElectronics & SemiconductorFood & PackagingPrinting & OthersIndustrial Vision Systems Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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Visualize Industrial Vision Systems Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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BlueOptima Report Confirms EPAM’s Excellence in Software Development Productivity

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BlueOptima’s report reveals that more than 76.5% of EPAM’s lead developers exceed global productivity and quality standards

NEWTOWN, Pa., Oct. 3, 2024 /PRNewswire/ — As organizations increasingly rely on outsourcing to accelerate their digital transformation efforts, understanding software development productivity and quality is crucial for optimizing software development lifecycles and making informed outsourcing decisions. EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced that EPAM’s developers have outperformed the global developer quality and productivity benchmarks set by BlueOptima, an independent organization specializing in evaluating and measuring software development practices against industry standards and global leaders.

“We’re delighted that our global development teams have surpassed the independent quality and productivity benchmarks set by BlueOptima,” said Balazs Fejes, President of Global Business and Chief Revenue Officer, EPAM. “In today’s cost-conscious environment, this achievement reflects our commitment to delivering exceptional and differentiating value across our global teams, proving that investing in EPAM’s high-caliber developer talent yields results that truly resonate in a competitive enterprise IT outsourcing marketplace.”

In BlueOptima’s Q2 2024 Global Benchmark Report, more than 76.5% of EPAM’s lead developers surveyed outperformed the global average, indicating the superior quality and efficiency of EPAM’s engineering talent across industries and geographical regions. The benchmarking report provides objective, data-driven insights that can inform strategic decision making, improve service delivery and ultimately contribute to the success of outsourcing relationships.

“Our evaluation of EPAM’s lead developers against our extensive global dataset of more than 700,000 developers highlights their exceptional quality and productivity, including when metrics are adjusted for value,” said Jason Rolles, CEO and Managing Director, BlueOptima. “By leveraging our Developer Analytics platform, organizations can make informed decisions and optimize their software development processes. This ensures they partner with the most effective and efficient teams, ultimately leading to better outcomes for all stakeholders in the outsourcing ecosystem.”

For enterprise IT outsourcing customers, BlueOptima’s Global Benchmark Report serves as a critical standard for global software development productivity and quality. By leveraging a dataset of more than 700,000 developers across 30 countries and using metrics like Coding Effort and source code maintainability, BlueOptima’s report offers enterprise outsourcing customers key insights into global software development productivity and quality, helping them benchmark developer efficiency and optimize their outsourced projects.

To learn more about EPAM’s engineering excellence in software development, visit: www.epam.com/services/engineering

About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients’ transformation challenges by focusing EPAM Continuum’s integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients’ time to market and drive greater value from their innovations and digital investments.

We make GenAI real with our AI LLM orchestration, testing and engineering solutions, EPAM DIAL, EPAM EliteA™ and EPAM AI/RUN™, respectively.

We deliver globally but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners, and our people around the world. We believe the right solutions are the ones that improve people’s lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market.

Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as a Top 100 Best Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services as well as a leader in the 2024 Gartner® Magic Quadrant™ for Custom Software Development Services, Worldwide.*

Learn more at www.epam.com and follow us on LinkedIn.

* Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

 

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SOURCE EPAM Systems, Inc.

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energyRe and Google Sign 12-Year Power Purchase Agreement for 435-MWdc Solar Project

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HOUSTON, Oct. 3, 2024 /PRNewswire/ — energyRe today announced that Google has signed a 12-year power purchase agreement to purchase renewable energy from a 435-megawatt (MWdc) solar project to be developed, owned, and operated by energyRe. energyRe will supply electricity and Renewable Energy Credits (RECs) generated from the solar project to Google to power the equivalent of more than 56,000 homes.

The project will support Google’s 2030 goal to run on 24/7 carbon-free energy on every grid where the company operates. The deal was facilitated through LEAP™ (LevelTen Energy’s Accelerated Process), which was co-developed by Google and LevelTen Energy to make clean energy buying and selling more efficient.

“As we continue to progress towards our goal to operate every Google campus on clean electricity every hour of every day by 2030, we are always looking for opportunities to accelerate the delivery of new clean power to the grid,” said Amanda Peterson Corio, Google Global Head of Data Center Energy. “Using our scalable procurement approach, we’ve been able to collaborate quickly with energyRe to deliver new clean energy to the SPP grid system and support our 24/7 progress in the region.”         

“energyRe is proud to deliver reliable clean power to support Google’s ambitious sustainability and decarbonization goals,” said Miguel Prado, Chief Executive Officer of energyRe. “Google is a global leader in renewable energy and continues to set a high bar across the technology industry. energyRe’s track record of delivering clean energy solutions for our customers makes us a trusted partner for companies working to reduce their carbon footprints.”

Nationally, energyRe’s onshore utility-scale portfolio includes 1,520 MWdc of contracted solar assets and 398 megawatt-hours (MWh) of contracted battery storage assets.

About energyRe
energyRe is a leading independent energy company focused on solving complex sustainability challenges and providing clean energy solutions in utility-scale transmission, onshore wind and solar, offshore wind, energy storage and distributed generation. Guided by the principles of innovation and partnership and backed by expertise and experience, energyRe is committed to creating a reliable, renewable energy future for all. energyRe has offices in New York, Houston, Indianapolis, and Charleston. For more information about energyRe, visit www.energyre.com

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SOURCE energyRe

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CREST Awards ControlCase Penetration Testing Accreditation

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ControlCase, the global leader in technology-enabled certification, cybersecurity, and continuous compliance services has achieved CREST accreditation for Penetration Testing.

FAIRFAX, Va., Oct. 3, 2024 /PRNewswire-PRWeb/ — ControlCase, the global leader in technology-enabled certification, cybersecurity, and continuous compliance services, is delighted to announce that we have achieved CREST accreditation for Penetration Testing. CREST is an international not-for-profit membership body that represents the global cybersecurity industry.

“CREST is delighted to welcome ControlCase as an accredited member company for its penetration testing services.” – Rowland Johnson, CREST President

ControlCase is committed to collaborating with both customers and partners to deliver a supportive end-to-end compliance experience with simplified processes that provide both efficiency and accuracy while saving time and expenses. Clients and partners utilize our Compliance Hub™ and One Audit technology and our amazing team to advance their businesses and to keep their environment and their data private and secure. At ControlCase we recognize the significant risks that a security breach entails and are fully committed to providing world-class security in all our offerings. The attainment of CREST Penetration Testing accreditation underscores ControlCase’s consistent fulfillment of rigorous regulations ensuring the security and safeguarding of sensitive data.

“ControlCase is fully committed to representing the global cybersecurity industry and collectively raising the standards of cyber service providers and professionals. Our CREST Penetration Testing accreditation demonstrates our unwavering commitment to safety, emphasizing our steadfast focus on ensuring the security and satisfaction of our valued clients.” – Mike Jenner, CEO of ControlCase

“CREST is delighted to welcome ControlCase as an accredited member company for its penetration testing services. ControlCase has successfully been through our demanding assessment process that examines test methodologies, legal and regulatory requirements, data protection standards, logging and auditing, internal and external communications with stakeholders, as well as how test data security is maintained. Accrediting ControlCase’s penetration testing services means that CREST is formally recognizing that the company consistently delivers the highest professional security services standards to its customers.”- Rowland Johnson, CREST President

“When you combine our CREST-certified penetration testing with our world-class Compliance Hub™ and One Audit technologies, ControlCase’s capability to deliver both protection and compliance is something all companies should be considering. We make company environments safer, and we do it with less pain, all while saving both time and money. At this time of year, when every company is working to meet their end-of-year and beginning-of-year pen testing deadlines, it is important to get the process started before it is too late to finish. We are here to help.” – Josh Hoffman, CRO of ControlCase

ABOUT CONTROLCASE

ControlCase is a global provider of certification, cybersecurity, and continuous compliance services. ControlCase is committed to empowering organizations to develop and deploy strategic information security and compliance programs that are simplified, cost effective, and comprehensive in both on-premises and cloud environments.

ControlCase specializes in delivering cybersecurity services and IT compliance audits, such as CMMC, ISO, SOC, HIPAA, HITRUST, FedRAMP, and PCI DSS, supported by state-of-the-art technology and amazing people. ControlCase offers a full selection of cybersecurity services and scans to assist clients in attaining IT security certifications, developing readiness strategies, completing assessments, and working through remediation.

For more information, please contact Amy Poblete at apoblete@controlcase.com or visit the company website at www.controlcase.com. You can also connect with ControlCase on social media through LinkedIn at www.linkedin.com/company/controlcase, YouTube at www.youtube.com/controlcasemedia, and Instagram at www.instagram.com/controlcasehq.

ABOUT CREST

Since 2006, CREST has been leading the global cybersecurity community to raise standards. CREST represents the industry and ensures the quality of cybersecurity service providers and professionals. With over 370 accredited member companies operating in dozens of countries, CREST certifies thousands of professionals worldwide through industry-leading examinations. Additionally, CREST collaborates with governments, regulators, academia, training partners, professional bodies, and other stakeholders worldwide.

Additional information about the company can be found on the CREST website at www.crest-approved.org, LinkedIn at www.linkedin.com/company/crest-approved/, X at x.com/CRESTadvocate, and YouTube at www.youtube.com/crestadvocate.

Media Contact

Amy Poblete, ControlCase, LLC, 1 7034836383, apoblete@controlcase.com, https://www.controlcase.com/ 

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