Middle East and Africa Computer Vision Market is estimated to witness surging demand - $0
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Middle East & Africa computer vision market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.6 % in the forecast period of 2021 to 2028 and expected to reach USD 1,730.38 million by 2028Industry Analysis
Computer vision systems are those systems which can see and understand the world around it just as humans; those are the computer capable of understanding digital image and videos. This is possible due to advancement in technology of vision systems, artificial intelligence and computational power. The fundamental principles used in the systems are data or image acquisition, data or image processing and data or image classification. Data acquired can be in the form of images or videos which are captured using high definition cameras, smart cameras, sensors among others. Data processing is done through various trained models of machine learning algorithms, deep learning algorithms and AI algorithms. It can be used for abundant applications such as object detection, facial recognition, pattern detection among others in various verticals such as automotive, manufacturing, healthcare, financial services, and agriculture among others.
Some of the factors which are driving the market are growing demand for identification verification and adoption of AI using computer vision. But difficulty in object localization and detection can be a restraining factor for the Middle East & Africa computer vision market growth. Growing interest towards financial services and agriculture sector are among some of the factors which can be an opportunity for the market. Complexity involved in designing of computer vision system can be a challenge for the market growth.
Middle East and Africa Computer Vision Market Scope
Middle East & Africa Computer Vision market is segmented on the basis of component, application, vertical, and product. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of component, the Middle East & Africa computer vision market is segmented into
• Hardware
• Software.
On the basis of application, the Middle East & Africa computer vision market has been segmented into
• predictive maintenance,
• identification,
• positioning & guidance,
• Quality assurance & inspection.
On the basis of vertical, Middle East & Africa computer vision market has been segmented into
• Industrial vertical,
• Non-industrial vertical.
On the basis of product, Middle East & Africa computer vision market has been segmented into
• Smart camera-based computer vision systems,
• PC-based computer vision systems.
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Middle East and Africa Computer Vision Market Country Level Analysis
Middle East & Africa computer vision market is analysed and market size information is provided by country, component, application, vertical, and product.
The countries covered in Middle East & Africa Computer Vision Market report are
• Saudi Arabia,
• U.A.E.,
• Israel,
• South Africa,
• Egypt
• Rest of Middle East and Africa.
Saudi Arabia dominates the computer vision market owing to various factors like growing demands for identification verification and demand for augmented reality.
Competitive Landscape and Middle East and Africa Computer Vision Market Share Analysis
Middle East & Africa computer vision market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East & Africa presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Middle East & Africa computer vision market.
The major players covered in the report are
• Cognex Corporation,
• Teledyne Technologies Incorporated,
• Texas Instruments Incorporated,
• Intel Corporation,
• ISRA VISION AG,
• SICK AG,
• JAI A/S,
• SONY CORPORATION,
• CEVA, Inc.,
• Synopsys, Inc.,
• KEYENCE CORPORATION,
• Cadence Design Systems, Inc.,
• NATIONAL INSTRUMENTS CORP.,
• Among others.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Middle East and Africa Computer Vision Market by Product & Procedure type
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=middle-east-and-africa-computer-vision-market
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