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, 2028” has
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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