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South Africa AI Image Recognition Market | Analysis 2019-2032

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

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: AI42548  | Publication: June 2024  |  US$745  |  

South Africa AI Image Recognition Market Snapshot

South Africa AI Image Recognition Market

  • The South Africa AI image recognition market is poised to achieve US$ 112.0 Million in revenue by 2024, driven by an anticipated Compound Annual Growth Rate (CAGR) of 14.9% from 2024 to 2032.
  • Industry analysts predict that in South Africa, the primary segment by software, is set to be Service, boasting a market value of US$ 153.7 Million by 2032.
  • When considering end users, it's projected that 33.3% of the total market size in the South African AI image recognition market will be attributed to IT and Telecom end user by 2032.
  • Industry specialists anticipate that throughout the forecast period, the transportation and logistics sector will undergo the most rapid expansion in terms of revenue generation, with a 16.0% Compound Annual Growth Rate (CAGR).

South Africa AI Image 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

Deep Learning and Neural Networks

Traditional Computer Vision

Image Recognition Software

Functionality

General-Purpose Image Recognition

Specialized Image Recognition

Real-time Image Recognition

Batch Image 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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