IDC Market Forecast: Computer Vision AI Software in APEJ 2021-2026
IDC estimates that the APEJ Computer Vision AI software market reached US$278.1 million in 2022. The total vendor revenue is forecast to grow to nearly US$836.8 million in 2026 at a five-year compound annual growth rate (CAGR) of 31.6%, for the period of 2021─2026. Figure 1 provides an overview of the forecast, including breakdowns by selected countries, and the respective year-over-year (YoY) growth.According to Jessie Cai Danqing, associate research director, at IDC Asia/Pacific, "Similar to Conversational AI, Computer Vision AI is at the forefront of AI software innovation; it plays a key role in transforming engineering simulation, content creation, customer experience, and digital-first industrial operations."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Market Context
- Drivers and Inhibitors
- Drivers
- Changing Business Priorities in a Volatile Market
- Technology Providers Offering a Wide Range of Solutions on Cloud
- Data-Driven Customer Experience Seeing Huge Uptick
- Increased Spending on Edge AI Infrastructure
- Inhibitors
- Backlashes on Generative AI
- AI Skills Shortage
- Significant Market Developments
- Regional Collaborations
- Focus on Synthetic Data
- Accelerated Operationalization
- More Industry Solutions
- Release of GPT-4 & Florence Foundational Model
- Changes from Prior Forecast
- Market Definition
- Methodology
- Related Research
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