Global Market Research Company US United States Visual Computing Market Forecast & O | Page 7

Industry Brief
Visual Computing Market in US to Grow at 23% until 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 to exhibit 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.
Gaming industry accounted for the largest share in the US visual computing market in 2016 and 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.
“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.
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