IDC: By 2024, the market size of computer vision applications in China will reach 12.34 billion RMB, a year-on-year increase of 21.2%.

According to the Zhitong Finance and Economics APP, a report from the International Data Corporation (IDC) shows that the market size of computer vision applications in China will reach 12.34 billion yuan by 2024, with a growth rate of 21.2% compared to 2023. The top 5 companies in market share include Sensetime (00020), Hikvision (002415.SZ), iFlytek (02121), Dahua Technology, and China Telecom's artificial intelligence company. Among them, China Telecom's artificial intelligence company had the highest year-on-year growth rate in 2024, followed by Hikvision. The applications that are being implemented in the overall market include intelligent security, urban emergency response, OCR applications, as well as visual applications based on the upgrade of large models.