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South Africa AI Facial Recognition Market | Analysis 2019-2032

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

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: AI42286  | Publication: May 2024  |  US$925  |  

South Africa AI Facial Recognition Market Snapshot

South Africa AI Facial Recognition Market

  • The South Africa AI facial recognition market is poised to achieve US$ 61.4 Million in revenue by 2024, driven by an anticipated Compound Annual Growth Rate (CAGR) of 11.1% from 2024 to 2032.
  • Industry analysts predict that in South Africa, the primary segment by hardware, is set to be Service, boasting a market value of US$ 64.7 Million by 2032.
  • When considering end users, it's projected that 34.9% of the total market size in the South African AI facial recognition market 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 12.5% Compound Annual Growth Rate (CAGR).

South Africa 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
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