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Publication: May 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42225 
  Pages: 160+  

MEA AI Facial Recognition Market Analysis, Size, and Forecast by Component, Deployment Model, Technology, and End Users: 2019-2032

 May 2024   

MEA AI Facial Recognition Market Snapshot

MEA AI Facial Recognition Market

  • The AI facial recognition market in the region is projected to increase to US$ 231.1 Million by 2024, with a year-on-year growth rate of 11.9%.
  • By the end of 2032, the Middle East & Africa AI facial recognition market is on track to achieve US$ 510.0 Million, with a forecasted Compound Annual Growth Rate (CAGR) of 10.4% throughout the forecast period.
  • In 2024, the hardware segment is estimated to hold the largest market share of 47.4% and be valued at US$ 109.5 Million.
  • In 2032, 28.0% of the total spending in the Middle East & Africa AI facial recognition market is forecasted to come from South Africa.

MEA AI Facial Recognition Industry Coverage

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Component

Hardware

Software

Service

Deployment Model

Cloud-based

On-premise

Technology

Object Recognition

Facial Recognition

Optical Character Recognition (OCR)

Pattern Recognition

Action Recognition

End Users

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

 

MEA AI Facial Recognition Market: Country Coverage

 

Countries Covered

MEA

Israel

South Africa

Saudi Arabia

United Arab Emirates

Qatar

Kuwait

Oman

Turkey

Nigeria

Kenya

Zimbabwe

Rest of MEA