Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Component (Hardware, Software), By Function (Training, Inference), By Application (Industrial, Non-industrial), By End Use (Automotive, Consumer Electronics, Healthcare, Retail, Security & Surveillance, Manufacturing, Agriculture, Transportation & Logistics) And Competitive Landscape
Product Code: ETC4605272 | Publication Date: Jul 2023 | Updated Date: Mar 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Africa AI In Computer Vision Market |
Forecast period | 2024-2030 |
CAGR | 9.2% |
Growing Sector | Agricultural, Healthcare, and Security |
Africa AI In Computer Vision Market report thoroughly covers the market By Countries, By Component, By Function, By Application, and By End Use. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa AI in Computer Vision Market, valued at approximately USD 90-140 million in 2024, is experiencing rapid growth, driven by increasing adoption across sectors such as security, healthcare, retail, and automotive. With advancements in AI technology and rising demand for automation and analytics, the market is expected to grow at a CAGR of 9.2%, potentially reaching USD 600-750 million by 2030.
Africa AI In Computer Vision Market is witnessing a significant surge, driven by increasing demand for automation and efficient data processing in various sectors such as healthcare, agriculture, and automotive. With a growing emphasis on enhancing technological infrastructure and digital capabilities, several African nations are progressively adopting AI technologies to solve local and global challenges. The Africa AI In Computer Vision Market Growth is further propelled by the rise of startups and local enterprises aiming to leverage computer vision for innovative applications, from medical diagnosis to agricultural monitoring, making Africa a dynamic and promising landscape for AI advancements.
According to 6Wresearch, the Africa AI In Computer Vision Market size is anticipated to reach a CAGR of 9.2% during the forecast period of 2024-2030. The market is rapidly evolving, driven by the increasing demand for automation and efficient data processing in sectors such as agriculture, healthcare, and manufacturing. These industries are leveraging AI-driven computer vision technologies for tasks ranging from disease detection in crops to diagnostic imaging and quality control in production lines.
Additionally, the widespread adoption of mobile devices and improvements in internet infrastructure across the continent have played pivotal roles in facilitating the accessibility and implementation of these advanced technologies. However, one significant restraint is the lack of technical expertise and resources necessary for the development and maintenance of AI systems. Furthermore, concerns regarding privacy and data protection pose legal and ethical hurdles. Despite these challenges, the future of Africa's AI in computer vision market is promising, with emerging opportunities in sectors such as fintech, where digital identity verification and fraud prevention are becoming increasingly important, and in urban planning, where AI can analyze satellite imagery to inform development strategies.
The Africa AI in Computer Vision Industry has witnessed significant growth due to the proactive role of governments across the continent in adopting and implementing policies that foster technological innovation. Various schemes aimed at digitizing economies, enhancing tech education, and supporting startups are pivotal in creating an ecosystem where AI and computer vision technologies can thrive. These initiatives are improving public services through smart applications and further attracting investment in the tech sector, propelling the region towards becoming a notable player in the global AI landscape. The establishment of AI and computer vision research labs by leading universities in Africa has also contributed to the growth of the market.
The AI in computer vision market in Africa is witnessing impressive growth, driven by several key players. Companies like Google, Microsoft, and IBM have been at the forefront, investing significantly in AI research and development on the continent. Local startups, such as DataProphet in South Africa and InstaDeep in Tunisia, are also making remarkable strides, offering innovative AI solutions tailored to the unique challenges and opportunities in Africa.
The Africa AI in computer vision market is poised for significant expansion during the forecast period. The increasing availability of high-quality data, advancements in AI technologies, and growing investment in AI infrastructure are expected to fuel this growth. Furthermore, the rising demand for AI-based solutions in sectors such as agriculture, healthcare, and security promises to propel the market forward. With Africa's youthful population increasingly becoming tech-savvy, the continent is set to play a pivotal role in shaping the future of AI in computer vision.
According to Kapil Pal, Senior Research Analyst, 6Wresearch, the Software segment is expected to dominate the Africa AI In Computer Vision Market Share over the forecast period due to the increasing development and deployment of AI algorithms and applications tailored to specific sectors such as agriculture and healthcare.
By End-Use, Agriculture sector is experiencing profound growth in the adoption of AI in computer vision in Africa owing the significant demands for enhancing crop yields, optimizing resource management, and addressing food security concerns.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa AI In Computer Vision Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa AI In Computer Vision Market Revenues & Volume, 2020 & 2030F |
3.3 Africa AI In Computer Vision Market - Industry Life Cycle |
3.4 Africa AI In Computer Vision Market - Porter's Five Forces |
3.5 Africa AI In Computer Vision Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa AI In Computer Vision Market Revenues & Volume Share, By Component, 2020 & 2030F |
3.7 Africa AI In Computer Vision Market Revenues & Volume Share, By Function, 2020 & 2030F |
3.8 Africa AI In Computer Vision Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.9 Africa AI In Computer Vision Market Revenues & Volume Share, By End Use, 2020 & 2030F |
4 Africa AI In Computer Vision Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa AI In Computer Vision Market Trends |
6 Africa AI In Computer Vision Market, 2020-2030 |
6.1 Africa AI In Computer Vision Market, Revenues & Volume, By Component, 2020-2030 |
6.2 Africa AI In Computer Vision Market, Revenues & Volume, By Function, 2020-2030 |
6.3 Africa AI In Computer Vision Market, Revenues & Volume, By Application, 2020-2030 |
6.4 Africa AI In Computer Vision Market, Revenues & Volume, By End Use, 2020-2030 |
7 South Africa AI In Computer Vision Market, 2020-2030 |
7.1 South Africa AI In Computer Vision Market, Revenues & Volume, By Component, 2020-2030 |
7.2 South Africa AI In Computer Vision Market, Revenues & Volume, By Function, 2020-2030 |
7.3 South Africa AI In Computer Vision Market, Revenues & Volume, By Application, 2020-2030 |
7.4 South Africa AI In Computer Vision Market, Revenues & Volume, By End Use, 2020-2030 |
8 Nigeria AI In Computer Vision Market, 2020-2030 |
8.1 Nigeria AI In Computer Vision Market, Revenues & Volume, By Component, 2020-2030 |
8.2 Nigeria AI In Computer Vision Market, Revenues & Volume, By Function, 2020-2030 |
8.3 Nigeria AI In Computer Vision Market, Revenues & Volume, By Application, 2020-2030 |
8.4 Nigeria AI In Computer Vision Market, Revenues & Volume, By End Use, 2020-2030 |
9 Kenya AI In Computer Vision Market, 2020-2030 |
9.1 Kenya AI In Computer Vision Market, Revenues & Volume, By Component, 2020-2030 |
9.2 Kenya AI In Computer Vision Market, Revenues & Volume, By Function, 2020-2030 |
9.3 Kenya AI In Computer Vision Market, Revenues & Volume, By Application, 2020-2030 |
9.4 Kenya AI In Computer Vision Market, Revenues & Volume, By End Use, 2020-2030 |
10 Rest of Africa AI In Computer Vision Market, 2020-2030 |
10.1 Rest of Africa AI In Computer Vision Market, Revenues & Volume, By Component, 2020-2030 |
10.2 Rest of Africa AI In Computer Vision Market, Revenues & Volume, By Function, 2020-2030 |
10.3 Rest of Africa AI In Computer Vision Market, Revenues & Volume, By Application, 2020-2030 |
10.4 Rest of Africa AI In Computer Vision Market, Revenues & Volume, By End Use, 2020-2030 |
11 Africa AI In Computer Vision Market Key Performance Indicators |
12 Africa AI In Computer Vision Market - Opportunity Assessment |
12.1 Africa AI In Computer Vision Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa AI In Computer Vision Market Opportunity Assessment, By Component, 2020 & 2030F |
12.3 Africa AI In Computer Vision Market Opportunity Assessment, By Function, 2020 & 2030F |
12.4 Africa AI In Computer Vision Market Opportunity Assessment, By Application, 2020 & 2030F |
12.5 Africa AI In Computer Vision Market Opportunity Assessment, By End Use, 2020 & 2030F |
13 Africa AI In Computer Vision Market - Competitive Landscape |
13.1 Africa AI In Computer Vision Market Revenue Share, By Companies, 2023 |
13.2 Africa AI In Computer Vision Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |