Recently, International Data Corporation (IDC) released the latest report titled "China Artificial Intelligence Software Market Share, 2023: Large Models Bring New Vitality." The report indicates that the Chinese AI software market reached 37.74 billion yuan in 2023, a 26.2% increase from the previous year.
In terms of market performance, the situation varies across different segments. The computer vision market reached 10.11 billion yuan in 2023. In this sector, SenseTime maintained its leading position, followed by Hikvision, Innovusion, Intellif Eyes Technology, and China Telecom. The widespread application of computer vision technology has led to rapid market development over the past few years. However, in the current era dominated by large language models in generative AI, there remains significant potential to be tapped.
Meanwhile, the AI speech and semantic market has shown promising performance. In 2023, Baidu Smart Cloud ranked first in the market for the first time, with iFlytek and Alibaba Cloud closely behind. Notably, the revenue gap between the top three is relatively small. Besides these major companies, there are many enterprises working diligently in specific segments, such as Huawei Cloud and JD Technology.
The machine learning development platform market also performed well, reaching 3.51 billion yuan in 2023. Fourth Paradigm and Huawei Cloud tied for first place, with Nine Chapter Cloud and Innovusion closely following. With the rise of large models, an increasing number of enterprises are offering products related to large model training and tuning to support the development of generative AI applications.
Key Highlights:
🌟 The Chinese AI software market reached 37.74 billion yuan in 2023, a 26.2% year-on-year increase.
🔍 The computer vision and AI speech and semantic markets are led by SenseTime and Baidu Smart Cloud, respectively, showing strong growth momentum.
🚀 The machine learning development platform market reached 3.51 billion yuan, with vendors actively deploying products related to large models to meet emerging market demands.