Computer Vision - Argentina

The computer vision market in Argentina is experiencing a mild growth rate, impacted by factors such as increasing adoption of artificial intelligence, growing demand for speech and image recognition technologies, and the convenience of facial recognition for security purposes. This growth is expected to continue as the country embraces digital transformation in various industries.

Customer preferences: Argentina has seen a rise in the use of computer vision technology in various industries, such as retail, healthcare, and manufacturing. This is driven by the need for automation and efficiency, as well as the growing adoption of artificial intelligence in the region. With a large young population and increasing access to technology, there is a growing demand for more advanced and user-friendly computer vision solutions. Additionally, cultural preferences for personalized and intuitive experiences are also driving the development of computer vision applications that cater to individual needs and preferences.

Trends in the market: In Argentina, the Computer Vision Market within the Artificial Intelligence Market is experiencing a surge in the adoption of AI-powered facial recognition technology in various industries, including retail, banking, and security. This trend is expected to continue as businesses look for ways to improve efficiency and customer experience. Additionally, the use of Computer Vision for automated quality control in manufacturing is also on the rise. These trends have significant implications for industry stakeholders, as they have the potential to revolutionize traditional business processes and improve overall productivity. As the market for Computer Vision in Argentina continues to grow, it is likely to attract more investments and drive innovation in the AI sector.

Local special circumstances: In Argentina, the Computer Vision Market within the Artificial Intelligence Market is experiencing growth due to the country's strong technology sector and government support for innovation. Additionally, the market is unique due to Argentina's large agriculture industry, which has led to the development of computer vision applications for precision agriculture. The country's growing interest in smart cities and transportation also presents opportunities for computer vision technology. These factors, coupled with Argentina's favorable business environment, make it a promising market for the Computer Vision Market within the Artificial Intelligence Market.

Underlying macroeconomic factors: The growth of the Computer Vision Market within the Artificial Intelligence Market in Argentina is influenced by various macroeconomic factors. The country's economic health, government policies, and global economic trends all play a role in shaping the market. For instance, Argentina's adoption of advanced technologies and its commitment to promoting innovation have created a favorable environment for the growth of the Computer Vision Market. Additionally, the increasing demand for AI-driven solutions in various industries, such as healthcare, retail, and manufacturing, is also contributing to the growth of the market in Argentina. Moreover, the government's initiatives to promote AI and its investments in developing the necessary infrastructure are further driving the market's growth.

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.