AI in Computer Vision Market by Component (Hardware, Software), Vertical (Automotive, Sports & Entertainment, Consumer, Robotics & Machine Vision, Healthcare, Security & Surveillance, Agriculture), and Region - Global Forecast to 2023

The AI in Computer Vision Market was valued at USD 2.37 Billion in 2017 and is expected to reach USD 25.32 Billion by 2023, at a CAGR of 47.54% during the forecast period. In this report, 2017 has been considered as the base year, and the forecast period is from 2018 to 2023.

Objective of study:

• Define, describe, and forecast the AI in computer vision market, in terms of value, on the basis of vertical, component, and geography
• Forecast the size of the market segments with respect to the North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)  
• Provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

The research methodology used to estimate and forecast the AI in computer vision market begins with obtaining data on revenues of key vendors through secondary research sources such as The British Machine Vision Association, International Federation of Robotics, Mexican Association for Computer Vision, and European Machine Vision Association and vendor offerings are considered to determine the market segmentation. Top-down approach has been employed to arrive at the overall market size of the global AI in computer vision market, including integration of software across various verticals and applications and determining the average project cost in USD. After arriving at the overall market size, the overall market is split into several segments and subsegments. This is further verified through primary research by conducting extensive interviews with key people—such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

To know about the assumptions considered for the study, download the pdf brochure

This study also answers several questions, such as which market segments to focus on in the next 2–5 years for prioritizing efforts and investments for stakeholders. Major players operating in the AI in computer vision market include NVIDIA (US), Intel (US), Qualcomm (US), Apple (US), Alphabet (US), Microsoft (US), Facebook (US), Wikitude (Austria), Xilinx (California), Basler (Germany), Teledyne Technologies (US), Cognex (US), General Electric (US), and Avigilon (Canada).

Target Audience:

• Government and financial institutions, and investment communities
• Analysts and strategic business planners
• Semiconductor product designers and fabricators
• Application providers
• AI solution providers
• AI platform providers
• Business providers
• Professional service/solution providers
• Research organizations
• Technology standard organizations, forums, alliances, and associations
• Technology investors

Scope of the Report:

The global AI in computer vision market, in this research report, has been segmented on the basis of component, vertical, and geography.

AI in Computer Vision Market, by Component:

• Hardware
• Software

AI in Computer Vision Market, by Vertical:

• Automotive
• Sports and Entertainment
• Consumer
• Robotics and Machine Vision
• Healthcare
• Security and Surveillance
• Agriculture
• Others

AI in Computer Vision Market, by Region:

• North America
• Europe
• APAC
• RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

• Geographic Analysis
  • Comprehensive coverage of regulations followed in each region (North America, Europe, APAC, and RoW)
• Company Information
  • Detailed analysis and profiling of additional market players (up to 10)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 By Geography
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption

3 Executive Summary (Page No. - 27)

4 Premium Insight (Page No. - 32)
    4.1 Growing Impact of AI in Computer Vision
    4.2 Global AI in Computer Vision Market, By Component
    4.3 AI in Computer Vision Market, By Country
    4.4 China to Dominate the AI in Computer Vision Market in APAC in 2018
    4.5 AI Solution Software in AI in Computer Vision Market

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Edge Computing in Mobile Devices
                    5.2.1.2 Increasing Demand for Computer Vision Systems in Non–Traditional and Emerging Applications
                    5.2.1.3 Growing Impact of AI in Machine Vision
           5.2.2 Restraints
                    5.2.2.1 Rising Security Concerns Related to Cloud-Based Image Processing and Analytics
                    5.2.2.2 Lack of Awareness and Technical Knowledge
           5.2.3 Opportunities
                    5.2.3.1 Development of Machine Learning Regarding Vision Technology
                    5.2.3.2 Increased Computing Capacity of AI Based GPUs
           5.2.4 Challenges
                    5.2.4.1 Premium Pricing of AI Hardware

6 AI in Computer Vision Market, By Component (Page No. - 43)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Processors
                    6.2.1.1 CPU
                    6.2.1.2 GPU
                    6.2.1.3 FPGA
                    6.2.1.4 ASIC
                    6.2.1.5 VPU
           6.2.2 Memory
           6.2.3 Network
    6.3 Software
           6.3.1 AI Platform
           6.3.2 AI Solution

7 AI in Computer Vision Market, By Vertical (Page No. - 57)
    7.1 Introduction
    7.2 Automotive
           7.2.1 ADAS and Infotainment
           7.2.2 Autonomous and Semi-Autonomous Vehicles
    7.3 Sports and Entertainment
           7.3.1 Virtual Reality/Augmented Reality
           7.3.2 Ball Tracking and Player Tracking
           7.3.3 Commercial Insertion
    7.4 Consumer
           7.4.1 Gaming
           7.4.2 Cameras
           7.4.3 Wearables
           7.4.4 Smart Phones
    7.5 Robotics and Machine Vision
           7.5.1 Quality Assurance & Inspection
           7.5.2 Positioning and Guidance
           7.5.3 Others
    7.6 Healthcare
           7.6.1 Radiology
           7.6.2 Medical Adherence
    7.7 Security and Surveillance
           7.7.1 Biometrics
           7.7.2 Image and Video Analytics
           7.7.3 AI-Guided Drone-Based Surveillance
    7.8 Agriculture
           7.8.1 Crop Monitoring
           7.8.2 Automated Irrigation System
    7.9 Others

8 Geographic Analysis (Page No. - 82)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 UK
           8.3.2 Germany
           8.3.3 France
           8.3.4 Italy
           8.3.5 Rest of Europe
    8.4 APAC
           8.4.1 China
           8.4.2 Japan
           8.4.3 India
           8.4.4 South Korea
           8.4.5 Rest of APAC
    8.5 RoW
           8.5.1 Middle East & Africa
           8.5.2 South America

9 Competitive Landscape (Page No. - 116)
    9.1 Introduction
    9.2 Market Ranking Analysis: AI in Computer Vision Market
    9.3 Competitive Situations and Trends
           9.3.1 Product/Solution Launches, (2016–2017)
           9.3.2 Partnerships/Collaborations, (2016–2017)
           9.3.3 Acquisitions, (2017)

10 Company Profiles (Page No. - 120)
(Business Overview, Products Offered, Recent Development, SWOT Analysis, and MnM View)*
     10.1 Key Players
             10.1.1 Nvidia
             10.1.2 Intel
             10.1.3 Alphabet
             10.1.4 Qualcomm
             10.1.5 Apple
             10.1.6 Microsoft
             10.1.7 Facebook
             10.1.8 Xilinx
             10.1.9 Basler
             10.1.10 Teledyne Technologies
             10.1.11 Wikitude
             10.1.12 Cognex
             10.1.13 General Electric
             10.1.14 Avigilon
     10.2 Other Key Player
             10.2.1 Omron
             10.2.2 Irida Labs
             10.2.3 Sony
             10.2.4 Perceptron
             10.2.5 Allied Vision Technologies
             10.2.6 Berkeley Design
     10.3 Key Innovators
             10.3.1 Leap Motion
             10.3.2 Algolux
             10.3.3 Clarifai
             10.3.4 Ditto Labs
             10.3.5 Mad Street Den

*Details on Business Overview, Products Offered, Recent Development, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 158)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details

List of Tables (103 Tables)

Table 1 AI in Computer Vision Market, By Component, 2015–2023 (USD Million)
Table 2 AI in Computer Vision Market, By Hardware, 2015–2023 (USD Million)
Table 3 AI in Computer Vision Market for Hardware, By Region, 2015–2023 (USD Million)
Table 4 AI in Computer Vision Market, By Processor Type, 2015–2023 (USD Million)
Table 5 Market for Processors, By Region, 2015–2023 (USD Million)
Table 6 Market, for Device-Side Processors, By Region, 2015–2023 (USD Million)
Table 7 Market, for Server-Side Processors, By Region, 2015–2023 (USD Million)
Table 8 Market for CPU, By Region, 2015–2023 (USD Million)
Table 9 Market for GPU, By Region, 2015–2023 (USD Million)
Table 10 Market for FPGA, By Region, 2015–2023 (USD Million)
Table 11 Market for ASIC, By Region, 2015–2023 (USD Million)
Table 12 Market for VPU, By Region, 2015–2023 (USD Million)
Table 13 Market for Memory, By Region, 2015–2023 (USD Million)
Table 14 Market for Network, By Region, 2015–2023 (USD Million)
Table 15 Market, By Software, 2015–2023 (USD Million)
Table 16 Market for Software, By Region 2015–2023 (USD Million)
Table 17 Market for AI Platform, By Region 2015–2023 (USD Million)
Table 18 Market for AI Solution, By Region 2015–2023 (USD Million)
Table 19 AI in Computer Vision Market, By Vertical, 2015–2023 (USD Million)
Table 20 Market for Automotive, By Application, 2015–2023 (USD Million)
Table 21 Market for Automotive, By Region, 2015–2023 (USD Million)
Table 22 Market for ADAS and Infotainment, By Region, 2015–2023 (USD Million)
Table 23 Market for Autonomous and Semi Autonomous Vehicles, By Region, 2015–2023 (USD Million)
Table 24 AI in Computer Vision Market for Sports and Entertainment, By Application, 2015–2023 (USD Million)
Table 25 Market for Sports and Entertainment, By Region, 2015–2023 (USD Million)
Table 26 AI in Computer Vision Market for AR/VR, By Region, 2015–2023 (USD Million)
Table 27 Market for Ball and Player Tracking, By Region, 2015–2023 (USD Million)
Table 28 Market for Commercial Insertion, By Region, 2015–2023 (USD Million)
Table 29 AI in Computer Vision Market for Consumer, By Application, 2015–2023 (USD Million)
Table 30 Market for Consumer, By Region, 2015–2023 (USD Million)
Table 31 Market for Gaming, By Region, 2015–2023 (USD Million)
Table 32 Market for Cameras, By Region, 2015–2023 (USD Million)
Table 33 Market for Wearables, By Region, 2015–2023 (USD Million)
Table 34 Market for Smart Phones, By Region, 2015–2023 (USD Million)
Table 35 AI in Computer Vision Market for Robotics and Machine Vision, By Application, 2015–2023 (USD Million)
Table 36 Market for Robotics and Machine Vision, By Region, 2015–2023 (USD Million)
Table 37 Market for Quality Assurance & Inspection, By Region, 2015–2023 (USD Million)
Table 38 Market for Positioning and Guidance, By Region, 2015–2023 (USD Million)
Table 39 Market for Others, By Region, 2015–2023 (USD Million)
Table 40 AI in Computer Vision Market for Healthcare, By Application, 2015–2023 (USD Million)
Table 41 Market for Healthcare, By Region, 2015–2023 (USD Million)
Table 42 Market for Radiology, By Region, 2015–2023 (USD Million)
Table 43 Market for Medical Adherence, By Region, 2015–2023 (USD Million)
Table 44 AI in Computer Vision Market for Security and Surveillance, By Application, 2015–2023 (USD Million)
Table 45 Market for Security and Surveillance, By Region, 2015–2023 (USD Million)
Table 46 Market for Biometrics, By Region, 2015–2023 (USD Million)
Table 47 Market for Image and Video Analytics, By Region, 2015–2023 (USD Million)
Table 48 Market for AI- Guided Drone- Based Surveillance, By Application, 2015–2023 (USD Million)
Table 49 AI in Computer Vision Market for Agriculture, By Region, 2015–2023 (USD Million)
Table 50 AI in Computer Vision Market for Others, By Region, 2015–2023 (USD Million)
Table 51 AI in Computer Vision Market, By Region, 2015–2023 (USD Million)
Table 52 Market in North America, By Component, 2015–2023 (USD Million)
Table 53 Market in North America, By Hardware, 2015–2023 (USD Million)
Table 54 Market in North America, By Processor, 2015–2023 (USD Million)
Table 55 Market in North America, By Software, 2015–2023 (USD Million)
Table 56 Market in North America, By Processor Type, 2015–2023 (USD Million)
Table 57 Market in North America, By Vertical, 2015–2023 (USD Million)
Table 58 Market for Automotive in North America, By Application, 2015–2023 (USD Million)
Table 59 Market for Sports and Entertainment in North America, By Application, 2015–2023 (USD Million)
Table 60 Market for Consumer in North America, By Application, 2015–2023 (USD Million)
Table 61 Market for Robotics and Machine Vision in North America, By Application, 2015–2023 (USD Million)
Table 62 Market for Healthcare in North America, By Application, 2015–2023 (USD Million)
Table 63 Market for Security and Surveillance in North America, By Application, 2015–2023 (USD Million)
Table 64 Market in North America, By Country, 2015–2023 (USD Million)
Table 65 AI in Computer Vision Market in Europe, By Component, 2015–2023 (USD Million)
Table 66 Market in Europe, By Hardware, 2015–2023 (USD Million)
Table 67 Market in Europe, By Processor, 2015–2023 (USD Million)
Table 68 Market in Europe, By Software, 2015–2023 (USD Million)
Table 69 Market in Europe, By Processor Type, 2015–2023 (USD Million)
Table 70 Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 71 Market for Automotive in Europe, By Application, 2015–2023 (USD Million)
Table 72 Market for Sports and Entertainment in Europe, By Application, 2015–2023 (USD Million)
Table 73 Market for Consumer in Europe, By Application, 2015–2023 (USD Million)
Table 74 Market for Robotics and Machine Vision in Europe, By Application, 2015–2023 (USD Million)
Table 75 Market for Healthcare in Europe, By Application, 2015–2023 (USD Million)
Table 76 Market for Security and Surveillance in Europe, By Application, 2015–2023 (USD Million)
Table 77 Market in Europe, By Country, 2015–2023 (USD Million)
Table 78 AI in Computer Vision Market in APAC, By Hardware, 2015–2023 (USD Million)
Table 79 Market in APAC, By Processor, 2015–2023 (USD Million)
Table 80 Market in APAC, By Software, 2015–2023 (USD Million)
Table 81 Market in APAC, By Processor Type, 2015–2023 (USD Million)
Table 82 Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 83 Market for Automotive in APAC, By Application, 2015–2023 (USD Million)
Table 84 Market for Sports and Entertainment in APAC, By Application, 2015–2023 (USD Million)
Table 85 Market for Consumer in APAC, By Application, 2015–2023 (USD Million)
Table 86 Market for Robotics and Machine Vision in APAC, By Application, 2015–2023 (USD Million)
Table 87 Market for Healthcare in APAC, By Application, 2015–2023 (USD Million)
Table 88 Market for Security and Surveillance in APAC, By Application, 2015–2023 (USD Million)
Table 89 Market in APAC, By Country, 2015–2023 (USD Million)
Table 90 AI in Computer Vision Market in RoW, By Component, 2015–2023 (USD Million)
Table 91 Market in RoW, By Hardware, 2015–2023 (USD Million)
Table 92 Market in RoW, By Processor, 2015–2023 (USD Million)
Table 93 Market in RoW, By Software, 2015–2023 (USD Million)
Table 94 Market in RoW, By Processor Type, 2015–2023 (USD Million)
Table 95 Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 96 Market for Automotive in RoW, By Application, 2015–2023 (USD Million)
Table 97 Market for Sports and Entertainment in RoW, By Application, 2015–2023 (USD Million)
Table 98 Market for Consumer in RoW, By Application, 2015–2023 (USD Million)
Table 99 Market for Robotics and Machine Vision in RoW, By Application, 2015–2023 (USD Million)
Table 100 Market for Robotics and Machine Vision in RoW, By Application, 2015–2023 (USD Million)
Table 101 Market for Security and Surveillance in RoW, By Application, 2015–2023 (USD Million)
Table 102 Market in RoW, By Region, 2015–2023 (USD Million)
Table 103 Ranking of the Top 5 Players in AI in Computer Vision Market, (2017)

List of Figures (55 Figures)

Figure 1 Segmentation of the AI in Computer Vision Market
Figure 2 Research Design
Figure 3 Process Flow of Market Size Estimation
Figure 4 Data Triangulation
Figure 5 Consumer Vertical Expected to Hold the Largest Market Size During the Forecast Period
Figure 6 Market for Memory Expected to Grow at A Higher CAGR Between 2018 and 2023
Figure 7 Market for GPU in APAC is Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 8 Market for AR/VR in APAC is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 AI in Computer Vision Market in APAC Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 10 Attractive Market Opportunities in the AI in Computer Vision Market
Figure 11 AI in Computer Vision Market for Hardware is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 12 AI in Computer Vision Market in India Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 13 Robotics and Machine Vision Vertical to Hold the Largest Share of the AI in Computer Vision Market in APAC in 2018
Figure 14 APAC Estimated to Grow at the Highest CAGR Between 2018 and 2023
Figure 15 Market Dynamics: AI in Computer Vision Market
Figure 16 Investments in Augmented Reality Across Various Applications Between 2017 and 2020
Figure 17 Reduction in Error Rates Using Computer Vision AI in Healthcare
Figure 18 Computing Cost and Memory Comparison of A GPU
Figure 19 AI in Computer Vision Market, By Component
Figure 20 AI in Computer Vision Market: By Hardware
Figure 21 APAC Expected to Grow at the Highest CAGR for CPU During the Forecast Period
Figure 22 North America Expected to Lead AI in Computer Vision Market for Memory During the Forecast Period
Figure 23 AI in Computer Vision Market: By Software
Figure 24 APAC Expected to Grow at the Highest CAGR for AI Solution During the Forecast Period
Figure 25 AI in Computer Vision Market: By Vertical
Figure 26 North America Expected to Lead in Autonomous and Semi Autonomous Vehicles During Forecast Period
Figure 27 Market for Ball and Player Tracking in APAC Expected to Grow at Highest CAGR During Forecast Period
Figure 28 APAC Expected to Lead in Cameras During Forecast Period
Figure 29 Market for Quality Assurance & Inspection in Robotics and Machine Vision Expected to Grow at A Higher CAGR During Forecast Period
Figure 30 Market for Radiology Expected to Hold Largest Market Size During Forecast Period
Figure 31 Market for Biometrics in APAC Expected to Grow at the Highest CAGR During Forecast Period
Figure 32 AI in Computer Vision Market Segmentation, By Geography
Figure 33 Geographic Snapshot: AI in Computer Vision Market in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 34 AI in Computer Vision Market in India Estimated to Grow at the Highest CAGR Between 2018 and 2023
Figure 35 North America Segmentation, By Country
Figure 36 North America: AI in Computer Vision Market Snapshot
Figure 37 Europe Segmentation, By Country
Figure 38 Europe: AI in Computer Vision Market Snapshot
Figure 39 APAC Segmentation, By Country
Figure 40 APAC: AI in Computer Vision Market Snapshot
Figure 41 RoW Segmentation, By Region
Figure 42 Key Growth Strategies Adopted By Top Companies, 2015–2017
Figure 43 Nvidia: Company Snapshot
Figure 44 Intel: Company Snapshot
Figure 45 Alphabet: Company Snapshot
Figure 46 Qualcomm: Company Snapshot
Figure 47 Apple: Company Snapshot
Figure 48 Microsoft: Company Snapshot
Figure 49 Facebook: Company Snapshot
Figure 50 Xilinx: Company Snapshot
Figure 51 Basler: Company Snapshot
Figure 52 Teledyne Technologies: Company Snapshot
Figure 53 Cognex: Company Snapshot
Figure 54 General Electric: Company Snapshot
Figure 55 Avigilon: Company Snapshot

The AI in computer vision market will be valued at 3.62 Billion in 2018 and is expected to reach USD 25.32 Billion by 2023, at a CAGR of 47.54% between 2018 and 2023. The increasing demand for computer vision systems in non-traditional and emerging applications is a driving factor for this market.  In the near future, established players are expected to benefit from building in-house application-specific AI-enabled computer vision systems. The combination of these design and development efforts with domain expertise would be useful in delivering professional services such as solution design and consulting, deployment, and integration.

The AI in computer vision market has been segmented by component, vertical, and geography. The AI in computer vision market, by component, has been segmented into hardware and software. The market for hardware is expected to grow at a higher CAGR during the forecast period. The growth can be attributed to the increasing penetration of AI-capable processors in mobile devices, such as smartphones, drones, automotive, and consumer electronics devices.

By vertical, the market has been classified into automotive, sports and entertainment, consumer, robotics and machine vision, healthcare, security and surveillance, and agriculture. The market for automotive is expected to grow at a higher CAGR during the forecast period. For instance, in January 2018, NVIDIA announced a new architecture of NVIDIA DRIVE, its AI autonomous vehicle platform that uses redundant and diverse functions to enable vehicles to operate safely.

AI in computer vision has been widely adopted across various verticals owing to the increased quality assurance in manufacturing, and the need to reduce cost and improve response time. The consumer vertical accounted for the largest share in 2017. The addition of AI capabilities to smartphones that will help change mainly 2 aspects: user–machine interaction and context-personalized openness. User–machine interaction will improve the efficiencies between the user and their phone across text, voice, image, video, and sensors, whereas the latter will actively provide services and aggregated information across apps, content, third-party features, and native features. The automotive vertical is expected to witness the fastest growth during the forecast period. The increasing demand to improve road safety and reduce mishaps caused by human intervention is resulting in the growth of autonomous driving. In addition, the increasing participation of various automotive and IT giants to develop autonomous cars is flourishing the growth of autonomous driving in the AI in computer vision market during the forecast period.

The AI in computer vision market in APAC is expected to grow at the highest CAGR during the forecast period owing to the growth in India, which can be attributed to the growing investment across sectors in building data-based businesses and the recognition by the Government of India to create effective policies for AI.

The major restraint for the AI in computer vision market is the lack of awareness and technical knowledge. The increasing competition in the manufacturing sector and the growing demand of customers for better products at a competitive price have made advanced automation essential for industrial and non-industrial applications. However, various industries such as sports and entertainment, robotics and machine vision, and healthcare are not convincingly adopting AI-enabled computer vision systems because of the lack of awareness and technical expertise.

Key players in this market focus on strategic partnerships and collaborations, acquisitions, and product launches to increase revenue. NVIDIA (US) is a leading player in the AI in computer vision market, followed by Intel (US), and Apple (US). In April 2017, NVIDIA announced that its deep learning platform is now available as part of Baidu Cloud’s deep learning service, giving enterprise customers instant access to the world’s most adopted AI tools.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst