Press Release

Saudi Arabia Computer Vision Market to be Dominated by Industrial Segment Through 2028

Surge in the usage of industry 4.0 technologies is driving the computer vision market across Saudi Arabia during the forecast period.

According to TechSci Research report, “Computer Vision Market – Saudi Arabia Industry Size, Share, Trends, Opportunity and Forecast, 2028,” the Saudi Arabia computer vision market is anticipated to register a robust growth during the forecast period, 2024-2028.

The future of computer vision in Saudi Arabia looks bright, with significant growth potential across various industries. The country has been investing heavily in emerging technologies such as AI and machine learning, which are essential components of computer vision solutions. Here are some of the trends and developments that can be expected in the future of computer vision market in Saudi Arabia:

The healthcare industry in Saudi Arabia is expected to grow significantly in the coming years, and computer vision is likely to play a crucial role in this growth. Computer vision can help healthcare professionals with accurate diagnosis, remote patient monitoring, and surgical procedures, among other applications, expansion in the transportation sector Saudi Arabia has been investing heavily in its transportation infrastructure, and computer vision can play a significant role in improving safety, reducing congestion, and enhancing the overall efficiency of the transportation system. Applications of computer vision in transportation include autonomous vehicles, traffic monitoring, and accident detection. With the rise of e-commerce and online shopping, computer vision can help retailers provide a personalized shopping experience for their customers, improve inventory management, and reduce fraud and theft. Saudi Arabia is expected to increase its adoption of Industry 4.0 technologies, such as automation and data analytics. Computer vision is an essential component of these technologies, and its applications in industries such as manufacturing and logistics can help improve efficiency and reduce costs.

Overall, the future of computer vision in Saudi Arabia looks promising, with significant growth potential across various industries. As technology continues to evolve, more innovative solutions that will help transform industries and improve people's lives.

The industrial sector is expected to dominate the computer vision market in Saudi Arabia through 2028. This is due to the increasing adoption of Industry 4.0 technologies in the country, which rely on computer vision for automation and data analytics. Computer vision is being used in the industrial sector for a variety of applications, such as quality control, inspection, and maintenance. For example, computer vision can help detect defects in products on a production line, identify potential equipment failures, and monitor the condition of industrial assets. These applications can help improve efficiency, reduce downtime, and minimize costs for industrial companies. The healthcare and retail sectors are also expected to see significant growth in the computer vision market in Saudi Arabia. In the healthcare industry, computer vision can help with medical imaging and diagnostics, patient monitoring, and drug development. In the retail industry, computer vision can help with inventory management, customer tracking, and fraud detection.

Overall, the computer vision market in Saudi Arabia is expected to continue to grow in the coming years, driven by advancements in technology, increasing adoption of Industry 4.0, and the need for automation and data analytics across various industries.

Browse over XX Market Data Figures spread through XX Pages and an in-depth TOC on Saudi Arabia Computer Vision Market

 

The computer vision market is segmented into component, product type, application, vertical, and region. Based on component, the market is segmented into hardware and software. Based on product type, the market is segmented into smart camera-based, and PC-based. Based on application, the market is further bifurcated into quality assurance & inspection, positioning & guidance, measurement, identification, 3D visualization & interactive 3D modelling, and predictive maintenance. Based on vertical, the market is further split industrial and non-industrial. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Riyadh, Makkah, Eastern Province, and rest of Saudi Arabia.

Saudi Arabia, as a part of its Vision 2030 plan, has been making significant investments towards Industry 4.0., which refers to the integration of advanced technologies, such as artificial intelligence (AI), Internet of Things (IoT), big data analytics, and automation, into industrial processes to drive efficiency, productivity, and innovation. The Saudi government recognizes the potential of Industry 4.0 in transforming its economy and has been actively promoting its adoption across various sectors.

Another area of investment is in digital transformation and innovation. The Saudi government has been actively promoting the adoption of digital technologies across various sectors, including healthcare, education, transportation, and finance, to enhance service delivery, streamline processes, and improve the overall quality of life. This includes initiatives such as the National Transformation Program (NTP) and the establishment of the Saudi Data and Artificial Intelligence Authority (SDAIA), which are aimed at developing digital infrastructure, fostering innovation, and supporting startups and entrepreneurs in the field of Industry 4.0 technologies driving the market of the computer vision in Saudi Arabia.

Key market players in the Saudi Arabia computer vision market:

  • Sadeem Technologies
  • Bitlab Solutions
  • HikmaTech Medical Systems
  • Proven Consulting Group
  • KAUST Innovation Center
  • VisionCam Systems
  • FasTab Payment Solutions
  • WAKEB Technologies
  • SCAI Systems
  • Taibah Valley

 

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The IT service market in Saudi Arabia has been growing steadily in recent years due to various factors, such as the integration of smart technologies such as IoT sensors and data analytics is increasingly being adopted to improve monitoring and maintenance in the computer vision market. These technologies offer several benefits, including increased efficiency, reduced downtime, improved safety, and cost savings. All these factors will positively influence the computer vision market in the coming years” said, Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Saudi Arabia Computer Vision Market, Segmented By Component (Hardware, Software), By Product Type (Smart Camera-Based, PC-Based), By Application (Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification, 3D Visualization & Interactive 3D Modelling, and Predictive Maintenance), By Vertical (Industrial, Non-Industrial), By Region, Competition, Forecast and Opportunities, 2028has evaluated the future growth potential of Saudi Arabia computer vision market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the computer vision market.

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