South America AI in Computer Vision Market is expected to reach US$ 2,443.57 million by 2027

Others Segment is Expected to be Fastest Growing for SAM Region During the Forecast Period

According to The Insight Partners market research study on “SAM AI in Computer Vision Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component and End-User” is expected to reach US$ 2,443.57 million by 2027 from US$ 201.59 million in 2019. The market is estimated to grow at a CAGR of 37.3% from 2020 to 2027. The report provides trends prevailing in the SAM AI in computer vision market along with the drivers and restraints pertaining to the market growth. Merged reality technology at huge demand is among the major factor driving the growth of the SAM AI in computer vision market. However, problems related to privacy hinders the growth of SAM AI in computer vision market.      

The SAM AI in computer vision market is segmented into component, and end-user. Based on component, the market is segmented into hardware and software. The hardware segment held the largest share of SAM AI in computer vision market in 2019. Based on end-user the SAM AI in computer vision market is segmented into automotive, sports and entertainment, robotics and machine vision, security and surveillance, government and defense, and others. The automotive sector accounted for the highest share in the market in 2019.

Brazil has the largest number of cases with COVID-19, followed by Ecuador, Chile, Peru, and Argentina amongst others. The covid-19 pandemic has led to the closure of all economic activities across the region, in order to combat the spread of the virus. With the closure of manufacturing activities across major countries in the SAM region such as Brazil and Argentina amongst others to combat the spread of the virus in the countries is thereby affecting any new adoption of technology, adversely. In the manufacturing industry across Argentina, the negative influence of the COVID-19 crisis is a historical one, already weakened by the recession of previous years. This has influenced government bodies to take necessary steps in order to boost the sector across the country over the years. Though the AI in computer vision market is adversely affected due to the outbreak of the virus, but the government initiative to attract investors in the sector is expected to influence the adoption of the technology across various industries over the years in the region.

General Electric Company; Intel Corporation; Microsoft Corporation; Nvidia Corporation; Qualcomm Incorporated; are among the leading companies in the SAM AI in computer vision market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, NVIDIA I has launched CUDA 11 for the support of new NVIDIA A100 depends upon NVIDIA Ampere architecture, Arm server processors, performance-optimized libraries, and new and innovative developer tools and improvements for A100.      

The report segments the SAM AI in Computer Vision Market follows:

 SAM AI in Computer Vision Market – By Component

• Software
• Hardware

SAM AI in Computer Vision Market – By End-User

• Automotive
• Sports and Entertainment
• Robotics and Machine Vision
• Security and Surveillance
• Government and Defense
• Others

SAM AI in Computer Vision Market – By Country

• Brazil
• Argentina
• Rest of SAM