IDC: China's artificial intelligence software and application market will reach US$2.3 billion in the first half of 2022

Recently, IDC released the China Artificial Intelligence Software and Application Market Research Report for the First Half of 2022. The report shows that the overall market size will reach US$2.3 billion in the first half of 2022.

IDC pointed out that compared with the same period last year, the overall market slowed down, was significantly affected by the epidemic, and capital attention to artificial intelligence dropped slightly, and development became more rational. However, with the support of concepts such as digital economy, smart cities, digital twins, digital transformation, metaverse, and AIGC, artificial intelligence is accelerating the integration and innovation of thousands of industries and is expected to bring about the next wave of rapid growth.

Computer vision market structure: The computer vision market size will reach US$976 million in the first half of 2022. The market driving force mainly comes from the demand for visual scenes brought about by smart cities, industrial quality inspection, smart business, and epidemic prevention and control.

Speech and semantics market structure: The size of the speech and semantics market will reach US$1.054 billion in the first half of 2022. The market driving force mainly comes from the further large-scale implementation of speech and semantics product applications, as well as the application of speech and semantics products in new markets based on intelligent dialogue and natural language processing. The new demands of the scene create new development space.

Machine learning platform market structure: The machine learning platform market size will reach US$275 million in the first half of 2022. The driving force for the rapid growth of the market size in this period mainly comes from the needs of enterprise digital transformation, as well as manufacturing, energy, new Further upgrades in retail and other scenarios.

Li Haoran, senior analyst at IDC China Emerging Technology Research Group, said that currently artificial intelligence technology is accelerating its integration and innovation with thousands of industries, new market demands and product services have emerged, and the overall ecosystem has shown horizontal expansion and vertical depth. The capital market has gradually returned to rationality, which is conducive to the healthy and orderly development of the overall industry. Facing the future, the evolution and upgrading of technology and the subversion and innovation of application paradigms will cultivate new unicorn enterprises and development space. Enterprises need to clarify long-term and short-term strategic development routes, actively develop software services related to artificial intelligence, accumulate industry resources and Create benchmark cases and gradually seize and expand market share.

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