China Daily cites MarketsandMarkets in their recent article on AI in Photography

November 9, 2021

China Daily in their recent article on AI expected to boost photography, cited MarketsandMarkets as a major source of information for Computational Photography Market.

With the popularity of short-video applications fueling consumers' demand for smartphones' imaging capabilities, artificial intelligence (AI) is expected to play a crucial role in boosting mobile photography. Megvii has been developing multi-camera technology since 2016. After more than 5 years of technical iteration and optimization, it has now developed the industry-leading AI multi-camera algorithms and implemented the technology application in many mobile phones.

The global Computational Photography Market is estimated to be valued at USD 29.0 billion by 2024, growing at a CAGR of 22.0% during the forecast period. The enhancement in the image resolution of sensors along with the technological advancements in camera modules, components, and design is driving the market growth. Moreover, the growing demand for superior vision technology in the computer vision industry is expected to present new growth opportunities for computational cameras in the years to come.

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