Computer Vision - Israel

The Artificial Intelligence Market in Israel is witnessing moderate growth, driven by factors like increasing adoption of AI technologies, growing awareness about its benefits, and the convenience of online services. Speech, image, and facial recognition sub-markets are contributing to this growth. However, challenges like data privacy concerns and lack of skilled professionals are impacting the market's mild growth rate.

Customer preferences: As the demand for more efficient and accurate surveillance and security solutions rises, the Computer Vision Market within the Artificial Intelligence Market in Israel has seen a surge in interest. This trend is driven by the country's strong emphasis on security and its advanced technological capabilities. Furthermore, the growing adoption of smart home devices and the increasing use of facial recognition technology in various industries are also contributing to the growth of the market.

Trends in the market: In Israel, the Computer Vision Market within the Artificial Intelligence Market is experiencing a surge in demand for facial recognition technology in various industries, such as security and retail. There is also a growing trend of using computer vision for autonomous vehicles and drones. These developments are significant as they showcase Israel's expertise in computer vision and its potential to become a global leader in this market. As this technology becomes more advanced and widely adopted, it can have implications for industry stakeholders, including increased efficiency, cost savings, and improved customer experience. Moreover, it can also drive economic growth and attract more investments in the country's AI sector.

Local special circumstances: In Israel, the Computer Vision Market within the Artificial Intelligence Market is thriving due to the country's strong tech ecosystem and government support for innovation. The high concentration of tech startups and access to top talent have created a competitive market for computer vision solutions. Additionally, Israel's strict regulations on data privacy and security have led to advanced technologies for safeguarding sensitive data, making it an attractive market for companies in the AI sector.

Underlying macroeconomic factors: The growth of the Computer Vision Market within the Artificial Intelligence Market in Israel is influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Israel has a strong tech industry and a supportive government that encourages innovation and investment in emerging technologies. This has created a favorable environment for the growth of the Computer Vision Market, attracting both domestic and international investors. Additionally, the increasing demand for advanced AI solutions in various industries, such as healthcare, transportation, and security, is driving the growth of the Computer Vision Market in Israel. This is further supported by the country's strong economic health and stable fiscal policies, which provide a conducive environment for market 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.