Market Forecast By Component (Hardware, Software), By Function (Training, Inference), By Application (Industrial, Non-industrial), By End Use (Automotive, Consumer Electronics, Healthcare, Retail, Security & Surveillance, Manufacturing, Agriculture, Transportation & Logistics) And Competitive Landscape
Product Code: ETC4581469 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | South Africa AI in Computer Vision Market |
Forecast period | 2025-2031 |
CAGR | 11.8% |
Growing Sector | Healthcare |
The South Africa AI in Computer Vision Market report thoroughly covers the market by Component, by Function, by Application and by End User. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The South Africa AI in Computer Vision market is expected to witness significant growth in the coming years. Despite its growing popularity and adoption, the AI in computer vision market in South Africa faces several challenges that hinder its growth.
According to 6Wresearch, South Africa AI in Computer Vision Market size is expected to grow at a significant CAGR of 11.8% during 2025 - 2031. The increasing need for automation in industries such as manufacturing, agriculture, and healthcare is a significant driver for AI in computer vision in South Africa. The demand for smart cameras with advanced AI capabilities is rising in South Africa. These cameras can perform tasks such as object detection, facial recognition, and anomaly detection. The adoption of smart cameras is further driving the growth of the AI in computer vision market in South Africa. With improved machine learning algorithms and techniques, computer vision systems can now accurately analyze images and videos at a much faster speed, boosting their adoption in various industries. Further, one of the major challenges faced by South African AI in the computer vision market is the shortage of skilled professionals. Data plays a crucial role in the development and performance of AI algorithms, including those used in computer vision. However, there is a lack of high-quality data sets available for training AI models. The successful implementation of AI in computer vision requires robust infrastructure, including high-speed internet and powerful computing systems. However, there is a lack of infrastructure in some areas of South Africa.
The South Africa AI in the Computer Vision market is highly competitive. Some of the key players operating in the South Africa AI in Computer Vision Market are IBM Corporation, Microsoft Corporation, Intel Corporation, NVIDIA Corporation, Google LLC, Amazon Web Services Inc., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Clarifai Inc., and Basler AG.
The government has recognized the potential of artificial intelligence and computer vision and hence, has taken several initiatives to drive the market. One such initiative is the launch of the South African Centre for Artificial Intelligence Research (CAIR), which aims to promote research and development in AI and its various applications, including computer vision. The National Artificial Intelligence Strategy, launched in 2019, outlines a roadmap for the development and implementation of AI technologies in various industries, including healthcare, agriculture, transportation, and more. Additionally, initiatives like the National Artificial Intelligence Strategy and partnerships with leading tech companies have further accelerated the growth of AI in computer vision in South Africa.
The South African AI in Computer Vision market is expected to see significant growth in the coming years due to increasing investments in research and development, technological advancements, and growing applications in various industries. The healthcare sector is expected to be the major contributor to the market growth, with an increasing focus on using computer vision for medical diagnostics and treatment. Additionally, the expansion of internet services and digitization efforts in the country are also expected to drive the growth of AI in computer vision.
According to Ravi Bhandari, Research Head, 6Wresearch, the training segment is growing rapidly in the market due to the increasing adoption of deep learning techniques. These techniques have proven to be highly effective in image recognition tasks, making them a popular choice for businesses looking to improve their computer vision capabilities.
In terms of End User, the healthcare segments dominate this industry. In the healthcare industry, AI in computer vision is being used for applications such as medical image analysis, disease diagnosis, and personalized treatment. The growing need for accurate and efficient medical imaging solutions is fueling the demand for AI-powered computer vision in this sector.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Africa AI In Computer Vision Market Overview |
3.1 South Africa Country Macro Economic Indicators |
3.2 South Africa AI In Computer Vision Market Revenues & Volume, 2021 & 2031F |
3.3 South Africa AI In Computer Vision Market - Industry Life Cycle |
3.4 South Africa AI In Computer Vision Market - Porter's Five Forces |
3.5 South Africa AI In Computer Vision Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 South Africa AI In Computer Vision Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.7 South Africa AI In Computer Vision Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 South Africa AI In Computer Vision Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 South Africa AI In Computer Vision Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Africa AI In Computer Vision Market Trends |
6 South Africa AI In Computer Vision Market, By Types |
6.1 South Africa AI In Computer Vision Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 South Africa AI In Computer Vision Market Revenues & Volume, By Component, 2021 - 2031F |
6.1.3 South Africa AI In Computer Vision Market Revenues & Volume, By Hardware, 2021 - 2031F |
6.1.4 South Africa AI In Computer Vision Market Revenues & Volume, By Software, 2021 - 2031F |
6.2 South Africa AI In Computer Vision Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 South Africa AI In Computer Vision Market Revenues & Volume, By Training, 2021 - 2031F |
6.2.3 South Africa AI In Computer Vision Market Revenues & Volume, By Inference, 2021 - 2031F |
6.3 South Africa AI In Computer Vision Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 South Africa AI In Computer Vision Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.3 South Africa AI In Computer Vision Market Revenues & Volume, By Non-industrial, 2021 - 2031F |
6.4 South Africa AI In Computer Vision Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 South Africa AI In Computer Vision Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.4.3 South Africa AI In Computer Vision Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.4.4 South Africa AI In Computer Vision Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.4.5 South Africa AI In Computer Vision Market Revenues & Volume, By Retail, 2021 - 2031F |
6.4.6 South Africa AI In Computer Vision Market Revenues & Volume, By Security & Surveillance, 2021 - 2031F |
6.4.7 South Africa AI In Computer Vision Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.4.8 South Africa AI In Computer Vision Market Revenues & Volume, By Transportation & Logistics, 2021 - 2031F |
6.4.9 South Africa AI In Computer Vision Market Revenues & Volume, By Transportation & Logistics, 2021 - 2031F |
7 South Africa AI In Computer Vision Market Import-Export Trade Statistics |
7.1 South Africa AI In Computer Vision Market Export to Major Countries |
7.2 South Africa AI In Computer Vision Market Imports from Major Countries |
8 South Africa AI In Computer Vision Market Key Performance Indicators |
9 South Africa AI In Computer Vision Market - Opportunity Assessment |
9.1 South Africa AI In Computer Vision Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 South Africa AI In Computer Vision Market Opportunity Assessment, By Function, 2021 & 2031F |
9.3 South Africa AI In Computer Vision Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 South Africa AI In Computer Vision Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 South Africa AI In Computer Vision Market - Competitive Landscape |
10.1 South Africa AI In Computer Vision Market Revenue Share, By Companies, 2024 |
10.2 South Africa AI In Computer Vision Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |