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South Africa AI Computer Vision Market Size | 2019-2032

South Africa AI Computer Vision Market Analysis, Size, and Forecast by Type, Component, Deployment Model, and End User Industry: 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: AI42418  | Publication: June-2024  |  US$925  |  

South Africa AI Computer Vision Market Snapshot

South Africa AI Computer Vision Market

  • The South Africa AI computer vision market is poised to achieve US$ 907.0 Million in revenue by 2032, driven by an anticipated Compound Annual Growth Rate (CAGR) of 14.7% from 2024 to 2032.
  • Industry analysts predict that in South Africa, the primary segment by type, is set to be speech recognition, boasting a market value of US$ 423.4 Million by 2032.
  • When considering end users, it's projected that 32.6% of the total market size in the AI computer vision market in South Africa will be attributed to IT and Telecom end user by 2032.
  • Industry specialists anticipate that throughout the forecast period, the Healthcare sector will undergo the most rapid expansion in terms of revenue generation, with a 15.8% Compound Annual Growth Rate (CAGR).

South Africa AI Computer Vision Industry Coverage

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Type

Facial Recognition

Image Recognition

Speech Recognition

Component

Hardware

Software

Services

Deployment Model

Cloud-based

On-premise

End User Industry

BFSI

Energy and Power

Healthcare

IT and Telecom

Manufacturing

Media and Entertainment

Other

Public Sector

Retail

Transportation and Logistics
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