target audience: TECH SUPPLIER Publication date: Apr 2023 - Document type: Market Forecast - Doc Document number: # AP50341523
IDC Market Forecast: Computer Vision AI Software in APEJ 2021-2026
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Abstract
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."