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Overview of Computer Vision Market in Eastern Europe. Part.1

21
Jan

Computer Vision Market Forecast

After being a research technology for the past few decades, computer vision is becoming more and more commercialized in the past few years and is being deployed in a wide range of application markets including security and surveillance, automotive, consumer, industrial, etc. A computer vision systems capture image and then manipulate, change, or enhance it for a given application.  Each application requires a specialized adaptation and enhancement to the computer vision algorithm, although several fundamental building blocks of algorithms are common.

According to a new report from, the market for computer vision technologies will grow from $5.7 billion in 2014 to $33.3 billion by 2019, representing a compound annual growth rate (CAGR) of 42%. The market intelligence firm forecasts that the consumer segment will experience the highest growth rate, followed by the robotics and machine vision segment.

computer vision forecast

Source: https://www.tractica.com/newsroom/press-releases/computer-vision-technology-market-to-reach-33-3-billion-by-2019/

Labour Market in Eastern Europe

The majority of all companies with a strong R&D capabilities and focus on computer vision are without any doubt concentrated in the United States and Western Europe. Nevertheless, many of them have a subsidiary and/or looking to fill the talent gap with professionals from other countries.

For the last decade, Eastern Europe* has become more and more popular in terms of outsource and subsidiary destination. You would be surprised to hear how many about the big talent pool of professionals from Eastern Europe, whose research interest lies in the sphere of image processing.

In the absence of the official statistics on this topic, we conducted a search among Image Processing/Computer Vision professionals in LinkedIn. As the graph bellow shows the number of Image Processing/Computer Vision professionals in the following countries can be counted in thousands. The overall number of people who rather work or have some expertise in image processing is more than 7,5 thousand people.

computer vision eastern europe

Distribution among the countries though is a not so even though:

computer vision eastern europe graph

Russia due to the size of its population and its strong educational engineering base is leading in the list. Among the EU countries that are in the list Poland came out top as an area for us because of its high technical and language skills. Romania was found to be the country with the highest growth of IT specialists according to the Central and Eastern Europe Outsourcing Review 2010 report, Ukraine followed with over 9% growth.

The leading companies hiring computer vision and image processing developers and researchers are: Samsung Electronics, Yandex, Intel, EPAM systems, IBM and GE Healthcare.

In the next post we will examine each country one by one in terms of edcation, companies hiring CV professionals, average experience needed and so on. Stay tuned!

 

*Several definitions of Eastern Europe exist today, they vary both across cultures and among experts. We will stick to the definition of Eastern Europe according to UN Statistics Division. According to it, the following ten countries were classified as Eastern Europe: Belarus, Bulgaria, Czech Republic, Hungary, Moldova, Poland, Romania, Russia,  Slovakia, and Ukraine.




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