Middle East & Africa AI in Computer Vision Market Forecast to 2030
Middle East & Africa AI in Computer Vision Market Forecast to 2030 – Regional Analysis – by Component (Software and Hardware) and End Use Industry (Security and Surveillance, Manufacturing, Automotive, Retail, Sports and Entertainment, and Others)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Edge Computer Vision Drives Middle East & Africa AI in Computer Vision Market
Traditionally, computer vision and Al were pure cloud solutions due to their easy scalability to increase resources and the unlimited availability of computing resources. Cloud or web computer vision solutions need to upload all images to the cloud, either using a computer vision API such as AWS Rekognition, Microsoft image recognition API (Azure Cognitive Services), Google Vision API, or Clarifai API directly. In mission-critical use cases, data unloading with a centralized cloud design is generally not possible because of technical (latency, connectivity, bandwidth, redundancy) or privacy reasons (sensitive data, security, legality) or because it is too expensive (large-scale, high-resolution, bottlenecks cause cost spikes, real-time). Hence, edge computing concepts are used to overcome the limits of the cloud; the cloud is continued to multiple connected edge devices.
Edge Al, also called on-device ML or Edge Intelligence, uses the Internet of Things (IoT) and edge computing to move machine learning from the cloud to edge devices in equal proximity to the data source, including cameras. With the enormous, still exponentially growing amount of data generated at the edge, Al is required to understand and analyze data in real time without compromising the security and privacy of visual data. Edge computing offers unique benefits, including greater security, real-time insights, and faster processing, making it an essential tool for computer vision applications. A major benefit of Edge computer vision is its facility to operate in real-time, making it well-suited to security, robotics, and surveillance applications. Therefore, edge computer vision is anticipated to be a trend for the AI in computer vision market.
Middle East & Africa AI in Computer Vision Market Overview
The Middle East & Africa (MEA) has seen rapid technological transformation and innovation over the past decade. AI, in particular, presents immense opportunities for countries across the MEA to boost economic growth, improve public services, and address societal challenges. However, the adoption of AI so far remains limited. Saudi Arabia, the UAE, and Qatar, in particular, have strongly committed to the implementation and development of AI technologies. Businesses in these countries have been investing strongly in new technologies, supported by governments as consumers of these technologies. Various companies are taking initiatives to develop AI technologies in the region. For instance, in October 2023, DaveAl announced its new sales office in Dubai and its strategic expansion in Saudi Arabia. This move marks a significant milestone in the company’s journey to revolutionize the Al industry in the MEA. Similarly, in September 2023, Mark AB Capital joined forces with UAE government to launch the UAE as the world’s first AI nation. This partnership is set to usher in a new era of technological innovation and sustainable development in the UAE. Therefore, with the increasing adoption of AI technologies, the AI in computer vision market is growing significantly in the Middle East & Africa.
Middle East & Africa AI in Computer Vision Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa AI in Computer Vision Market Segmentation
The Middle East & Africa AI in computer vision market is segmented based on component, end use industry, and country. Based on component, the Middle East & Africa AI in computer vision market is bifurcated into software and hardware. The software segment held a larger market share in 2022.
In terms of end use industry, the Middle East & Africa AI in computer vision market is categorized into security and surveillance, manufacturing, automotive, retail, sports and entertainment, and others. The security and surveillance segment held the largest market share in 2022.
Based on country, the Middle East & Africa AI in computer vision market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa AI in computer vision market share in 2022.
Advanced Micro Devices Inc, Cognex Corp, General Electric Co, Intel Corp, Microsoft Corp, Qualcomm Inc, Teledyne Technologies Inc, NVIDIA Corp, and International Business Machines Corp are some of the leading players operating in the Middle East & Africa AI in computer vision market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the Middle East & Africa AI in computer vision market was valued at US$ 967.12 million in 2022 and is expected to reach US$ 7,840.29 million by 2030, registering a CAGR of 29.9% from 2022 to 2030. Growing adoption of industry 4.0 and rising applications in healthcare, agriculture, and retail industries are among the critical factors attributed to the Middle East & Africa AI in computer vision market expansion.
Industry 4.0 is a new phase of the industrial revolution—the digital transformation of manufacturing and related industries—that highly emphasizes automation, interconnectivity, real-time data, and machine learning. By combining Industry 4.0 with automation systems, traditional industrial facilities are gradually evolving into smart, connected, and highly efficient automated facilities. It forms a single automated unit that combines computers and industrial automation solutions with the help of robotics. A network of connected devices creates a smart architecture capable of making decentralized decisions. The increasing adoption of AI-based computer vision solutions among Industry 4.0 companies is expected to improve warehouse safety, allow companies to achieve higher levels of lean manufacturing, and increase productivity and profitability while lowering long-term costs. Furthermore, AI computer vision is transforming Industry 4.0 by enabling automated vehicles to interpret and understand visual information. Combining artificial intelligence and computer vision is like having a team of superpowered robots working in the warehouse and logistics operations. These robots can analyze, see, and make decisions based on what they observe. This results in a more accurate, efficient, and streamlined workflow, leading to increased profitability and productivity. In a warehouse and logistics setting, these robots can perform tasks such as quality control, object recognition and identification, picking and packing, and inventory management. They help work at a faster pace and eliminate the possibility of human error, making sure that the right products reach the right customers on time and ensuring the smooth flow of operations. AI computer vision revolutionizes industry processes by reducing human error, automating tasks, increasing productivity, enabling intelligent decision-making based on real-time data, and ensuring product quality. There are several applications of AI computer vision systems in automation for Industry 4.0. With computer vision, it measures products’ quantities precisely and quickly, reduces costs and timelines, avoids human contact in particular processing to eliminate contamination risks, and guarantees better safety standards to employees. AI computer vision is fast growing in the industrial world because it offers integrable solutions in the production lines. A computer vision system can perform several operations, including monitoring products, analyzing possible defects, performing predictive maintenance to avoid malfunctions and interruptions, and improving safety on production sites. Thus, with the growing adoption of Industry 4.0, the demand for AI in computer vision is increasing.
On the contrary, high cost of procuring and complexity of implementing AI-Based computer vision solutions hurdles the growth of Middle East & Africa AI in computer vision market.
Based on component, the Middle East & Africa AI in computer vision market is bifurcated into software and hardware. The software segment held 56.8% share of Middle East & Africa AI in computer vision market in 2022, amassing US$ 549.14 million. It is projected to garner US$ 4,688.06 million by 2030 to expand at 30.7% CAGR during 2022–2030.
In terms of end user, the Middle East & Africa AI in computer vision market is segmented into security and surveillance, manufacturing, automotive, retail, sports and entertainment, and others. The security and surveillance segment held 38.9% share of Middle East & Africa AI in computer vision market in 2022, amassing US$ 375.87 million. It is projected to garner US$ 3,084.46 million by 2030 to expand at 30.1% CAGR from 2022 to 2030.
Based on country, the Middle East & Africa AI in computer vision market has been categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 41.6% share of Middle East & Africa AI in computer vision market in 2022. It was assessed at US$ 401.99 million in 2022 and is likely to hit US$ 3,569.78 million by 2030, exhibiting a CAGR of 31.4% during 2022–2030.
Key players operating in the Middle East & Africa AI in computer vision market are Advanced Micro Devices Inc, Cognex Corp, General Electric Co, Intel Corp, Microsoft Corp, Qualcomm Inc, Teledyne Technologies Inc, NVIDIA Corp, and International Business Machines Corp, among others.
In September 2022, NVIDIA introduced the open-source project to accelerate computer vision cloud applications. The CV-CUDA combines accelerated image pre- and post-processing algorithms and tools to process 10x the number of images at the same cost.
In November 2020, Intel Acquired Cnvrg.io to aim at strengthening its machine learning and AI operations.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa AI in computer vision market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa AI in computer vision market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa AI in Computer Vision Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Hardware Component Providers:
4.2.2 Software Developers:
4.2.3 System Integrator:
4.2.4 End Use Industry:
4.2.5 List of Vendors in Value Chain
5. Middle East & Africa AI in Computer Vision Market – Key Industry Dynamics
5.1 AI in Computer Vision Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Adoption of Industry 4.0
5.2.2 Rising Applications in Healthcare, Agriculture, and Retail Industries
5.3 Market Restraints
5.3.1 High Cost of Procuring and Complexity of Implementing AI-Based Computer Vision Solutions
5.3.2 Increase In Privacy Concerns
5.4 Market Opportunities
5.4.1 Increased Manufacturing of Autonomous Vehicles
5.4.2 Rise in Government Initiatives to Boost Development of AI-Related Technologies
5.5 Future Trends
5.5.1 Edge Computer Vision
5.5.2 Real- Time Video Analytics
5.6 Impact of Drivers and Restraints:
6. AI in Computer Vision Market – Middle East & Africa Market Analysis
6.1 AI in Computer Vision Market Revenue (US$ Million), 2020 – 2030
6.2 AI in Computer Vision Market Forecast and Analysis
7. Middle East & Africa AI in Computer Vision Market Analysis – Component
7.1 Software
7.1.1 Overview
7.1.2 Software: Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Hardware
7.2.1 Overview
7.2.2 Hardware: Market Revenue and Forecasts to 2030 (US$ Million)
8. Middle East & Africa AI in Computer Vision Market Analysis – End Use Industry
8.1 Security and Surveillance
8.1.1 Overview
8.1.2 Security and Surveillance: Market Revenue and Forecast to 2030 (US$ Million)
8.2 Manufacturing
8.2.1 Overview
8.2.2 Manufacturing: Market Revenue and Forecast to 2030 (US$ Million)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Market Revenue and Forecast to 2030 (US$ Million)
8.4 Retail
8.4.1 Overview
8.4.2 Retail: Market Revenue and Forecast to 2030 (US$ Million)
8.5 Sports and Entertainment
8.5.1 Overview
8.5.2 Sports and Entertainment: Market Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Market Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa AI in Computer Vision Market – Country Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa AI in Computer Vision Market Overview
9.1.2 Middle East & Africa AI in Computer Vision Market Revenue and Forecasts and Analysis – By Country
9.1.2.1 Middle East & Africa AI in Computer Vision Market Revenue and Forecasts and Analysis – By Country
9.1.2.2 UAE AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 UAE AI in Computer Vision Market Breakdown by Component
9.1.2.2.2 UAE AI in Computer Vision Market Breakdown by End Use Industry
9.1.2.3 Saudi Arabia AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Saudi Arabia AI in Computer Vision Market Breakdown by Component
9.1.2.3.2 Saudi Arabia AI in Computer Vision Market Breakdown by End Use Industry
9.1.2.4 South Africa AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 South Africa AI in Computer Vision Market Breakdown by Component
9.1.2.4.2 South Africa AI in Computer Vision Market Breakdown by End Use Industry
9.1.2.5 Rest of Middle East & Africa AI in Computer Vision Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Rest of Middle East & Africa AI in Computer Vision Market Breakdown by Component
9.1.2.5.2 Rest of Middle East & Africa AI in Computer Vision Market Breakdown by End Use Industry
10. Competitive Landscape
10.1 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Advanced Micro Devices Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cognex Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 General Electric Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Intel Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Microsoft Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Qualcomm Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Teledyne Technologies Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NVIDIA Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 International Business Machines Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Research Team
13.2 Word Index
LIST OF TABLES
Table 1.            AI in Computer Vision Market Segmentation
Table 2.            AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Million)
Table 3.            AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4.            AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Million) – End Use Industry
Table 5.            Middle East & Africa AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6.            UAE AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 7.            UAE AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn) – By End Use Industry
Table 8.            Saudi Arabia AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 9.            Saudi Arabia AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn) – By End Use Industry
Table 10.         South Africa AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 11.         South Africa AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn) – By End Use Industry
Table 12.         Rest of Middle East & Africa AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 13.         Rest of Middle East & Africa AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn) – By End Use Industry
Table 14.         Company Positioning & Concentration
Table 15.         List of Abbreviation
LIST OF FIGURES
Figure 1.          AI in Computer Vision Market Segmentation, By Country
Figure 2.          Ecosystem: AI in Computer Vision Market
Figure 3.          Impact Analysis of Drivers and Restraints
Figure 4.          AI in Computer Vision Market Revenue (US$ Million), 2020 – 2030
Figure 5.          AI in Computer Vision Market Share (%) – Component, 2022 and 2030
Figure 6.          Software: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7.          Hardware: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8.          AI in Computer Vision Market Share (%) – End Use Industry, 2022 and 2030
Figure 9.          Security and Surveillance: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10.       Manufacturing: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11.       Automotive: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12.       Retail: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13.       Sports and Entertainment: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14.       Others: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15.       AI in Computer Vision Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 16.       AI in Computer Vision Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 17.       UAE AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18.       Saudi Arabia AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19.       South Africa AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20.       Rest of Middle East & Africa AI in Computer Vision: Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Middle East & Africa AI in Computer Vision Market
o Advanced Micro Devices Inc
o Cognex Corp
o General Electric Co
o Intel Corp
o Microsoft Corp
o Qualcomm Inc
o Teledyne Technologies Inc
o NVIDIA Corp
o International Business Machines Corp
You must be logged in to post a review.
Reviews
There are no reviews yet.