Computer Vision - Morocco

The Artificial Intelligence market in Morocco is seeing mild growth, driven by increasing adoption of digital technologies, growing health awareness, and the convenience of online health services. These factors, along with advancements in Speech, Image, and Facial Recognition sub-markets, are impacting the overall market's growth rate.

Customer preferences: The Computer Vision Market within the Artificial Intelligence Market in Morocco is experiencing a significant rise in demand for advanced AI technologies in various sectors such as healthcare, retail, and manufacturing. This can be attributed to the increasing adoption of AI-powered solutions to enhance productivity and efficiency. Additionally, the growing use of computer vision technology in facial recognition systems and autonomous vehicles is further driving market growth. The trend towards automation and digitization in industries and the need for accurate and real-time data analysis are key factors contributing to the growth of the Computer Vision Market in Morocco.

Trends in the market: In Morocco, the Computer Vision Market within the Artificial Intelligence Market is experiencing a surge in demand for facial recognition technology. This trend is being driven by the government's efforts to modernize security and surveillance systems, as well as the growing use of facial recognition in various industries such as retail and banking. This trajectory is expected to continue as the country invests in developing its digital infrastructure and industries. The implications of this trend include increased efficiency and accuracy in security and customer identification processes, as well as potential concerns around privacy and data protection. Industry stakeholders should closely monitor developments in this market and consider the ethical implications of its applications.

Local special circumstances: In Morocco, the Computer Vision Market within the Artificial Intelligence Market is influenced by the country's strategic location as a gateway between Europe and Africa. The government has implemented policies to promote technology and innovation, leading to a growing tech startup ecosystem. Additionally, the country's large youth population and increasing internet penetration are driving the demand for AI solutions in various industries. However, the market is still in its early stages, and regulations around data privacy and security may impact its growth potential.

Underlying macroeconomic factors: The Computer Vision Market within the Artificial Intelligence Market in Morocco is heavily influenced by macroeconomic factors. The country's economic growth and stability, as well as its fiscal policies, have a significant impact on the market's performance. Additionally, global economic trends, such as the increasing adoption of AI technologies, also play a crucial role in driving the demand for computer vision solutions in Morocco. Moreover, the government's efforts to promote innovation and investment in technology infrastructure have created a favorable environment for the growth of the market. With the rise in the aging population and the prevalence of chronic diseases, the demand for AI-powered healthcare solutions, including computer vision, is expected to increase, further driving the market's growth in Morocco.

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.