Computer Vision - Benelux

The Artificial Intelligence market in Benelux is witnessing steady growth, driven by factors such as increasing adoption of digital technologies, growing awareness about the potential of AI in healthcare, and the convenience of online health services. The mild growth rate can be attributed to factors such as slow adoption of AI in certain sub-markets, regulatory challenges, and concerns about data privacy.

Customer preferences: The Benelux region is witnessing a growing demand for computer vision solutions in various industries, such as healthcare, retail, and manufacturing. This is driven by the need for automation and efficiency, especially in the wake of the COVID-19 pandemic. Additionally, there is a rising focus on sustainability and ethical considerations, with companies adopting AI-powered solutions to reduce waste and improve supply chain transparency. This trend is also influenced by the region's strong tech culture and high adoption of digital technologies.

Trends in the market: In Benelux, there is a growing demand for computer vision solutions in various industries, such as healthcare, retail, and manufacturing. This trend is driven by the increasing adoption of artificial intelligence and machine learning technologies, which are enabling businesses to automate processes, improve accuracy, and gain valuable insights from visual data. Additionally, the rise of smart cities and the Internet of Things is further driving the demand for computer vision applications. This trend is expected to continue in the coming years, presenting significant opportunities for industry stakeholders to capitalize on the growing demand for computer vision technology.

Local special circumstances: In the Benelux region, the Computer Vision Market within the Artificial Intelligence Market is thriving due to the region's strong focus on innovation and technology. The Netherlands, in particular, is home to a highly skilled workforce and a supportive government that encourages entrepreneurship. In Belgium, the market is driven by the increasing demand for automation and efficiency in various industries, such as manufacturing and logistics. Additionally, the region's strict data privacy regulations have led to the development of advanced security solutions within the Computer Vision Market.

Underlying macroeconomic factors: The growth of the Computer Vision Market within the Artificial Intelligence Market in Benelux is largely influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with strong regulatory frameworks and robust investments in AI research are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the growing demand for AI-powered solutions in various industries, such as healthcare, manufacturing, and retail, is driving the market growth in the region.

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.