Shangtang Technology Group Co., Ltd. (referred to as Shangtang Technology) successfully went public on December 30, 2021. The global issuance was 1.5 billion shares at a price of HK$3.85 per share, raising a total of HK$5.552 billion.
During the Hong Kong listing process, Frost & Sullivan mainly undertook the following tasks: helping the company accurately and objectively understand its positioning in the target market, using objective market data to discover, support, and highlight the company's competitive advantages, assisting the company, investment banks, and other intermediaries in completing relevant parts of the prospectus (such as the overview, competitive advantages and strategy, industry overview, business, and other important sections), facilitating communication with the Hong Kong Stock Exchange and investors, helping investors quickly understand the market ecosystem and competitive landscape, and assisting the company in completing feedback on various industry-related issues from the Hong Kong Stock Exchange.
Overview of the Artificial Intelligence Software Market in China
Artificial intelligence (AI) is one of the important branches of computer science and is continuously integrating into various aspects of daily life in today's society. It is a transformative technology that has a profound impact on human development. According to a Frost & Sullivan report, it is estimated that the commercial value empowered by AI globally will reach $1 trillion by 2025. With the acceleration driven by the COVID-19 pandemic, digital transformation has rapidly developed into a global trend. However, due to the explosive growth in data volume leading to increasing complexity in processing related data information and continuously rising enterprise demands, traditional software cannot fully meet the current needs of enterprises. Therefore, the demand for AI technology is growing rapidly. According to a Frost & Sullivan report, it is estimated that global AI technology spending (including AI-related software, hardware, and services) will reach $221.2 billion by 2025, a compound annual growth rate of 26.3% compared to $68.7 billion in 2020. Among all AI technology spending, the proportion of AI software will continue to increase, accounting for 55.1% of the global AI market by 2025, becoming the fastest-growing and largest sector in the AI market. It is estimated that the global AI software market size will grow from $30.5 billion in 2020 to $121.8 billion in 2025, with an annual compound growth rate of 31.9%. As the second-largest AI software market after the United States, China's AI software market is expected to grow from 29.5 billion yuan in 2020 to 167.1 billion yuan in 2025, with an annual compound growth rate of 41.5%.
Overview of the Chinese Computer Vision Software Market
According to a Frost & Sullivan report, the artificial intelligence software market can be divided into: computer vision, speech recognition and natural language processing, and data science. As the largest segment of artificial intelligence software, the overall market size is expected to grow from 16.7 billion yuan in 2020 to 101.7 billion yuan in 2025, with an annual compound growth rate of 43.5%. The proportion of the Chinese artificial intelligence software market will also increase from 56.6% in 2020 to 60.9% in 2025.
Market scale of China's computer vision software market
2018 - 2025 (forecast)
Source: Frost & Sullivan report
China's Artificial Intelligence Software Market by Category
Source: Frost & Sullivan report
Market competition pattern of computer vision software in China
According to a Frost & Sullivan report, based on 2020 revenue, SenseTime is the largest artificial intelligence software provider in Asia and the largest computer vision software provider in China.
Market share of Chinese computer vision software providers in 2020
Source: Frost & Sullivan report
Computer Vision Software for Enterprise Applications in China
marketOverviewAnd competitive landscape
Computer vision software for enterprise applications helps enterprises achieve digital operational management in various application scenarios through computer vision software. According to a Frost & Sullivan report, the market for computer software for enterprise applications in China will grow from 4.3 billion yuan in 2020 to 23 billion yuan in 2025, with an annual compound growth rate of 39.8%.
According to a Frost & Sullivan report, based on software-related revenue in 2020, SenseTime is the largest provider of computer vision software for enterprise applications in China.
Computer Vision Software for Enterprise Applications in China 2020supplier's
market share
Source: Frost & Sullivan report
Computer Vision Software for Urban Management Applications in China
Market Overview and Competitive Landscape
Globally, China is one of the leaders in artificial intelligence-driven urban management applications. As the complexity of urban management continues to increase and urban managers demand for timely emergency responses grow, China's computer vision software for urban management applications is experiencing rapid growth. According to a Frost & Sullivan report, the market for computer vision software for urban management applications in China will grow from 8.2 billion yuan in 2020 to 36.6 billion yuan in 2025, with a compound annual growth rate of 34.9%.
According to a Frost & Sullivan report, in terms of software-related revenue in 2020, SenseTime is China's largest provider of computer vision software for urban management applications.
Top Computer Vision Software Vendors for Urban Management Applications in China 2020
market share
Source: Frost & Sullivan report
Computer Vision Software for Consumer Applications in China
Market Overview and Competitive Landscape
Computer vision-related software technologies are continuously enriching consumers' daily lives, bringing them various innovative services in scenarios represented by smart devices and healthcare, and will also provide important technical support in the evolving metaverse world in the future. According to a Frost & Sullivan report, the computer vision software market for consumer applications in China will grow from 3 billion yuan in 2020 to 268 billion yuan in 2025, with a compound annual growth rate of 55.0%.
According to a Frost & Sullivan report, based on software-related revenue in 2020, SenseTime is China's second-largest provider of computer vision software for consumer applications.
Top Computer Vision Software Vendors for Urban Management Applications in China 2020
market share
Source: Frost & Sullivan report
Computer Vision Software for Automotive Applications in China
Market Overview and Competitive Landscape
According to the Frost & Sullivan report, in terms of shipments in 2020, China's passenger and commercial vehicles accounted for the largest share in the global automotive market, reaching 32.8%. With the continuous improvement of autonomous driving technology applications in automakers, the increasing demand for intelligent features from users, and China's favorable environment for the development of autonomous driving technology, China's autonomous driving technology will continue to develop at a high speed. It is expected that by 2025, the Chinese autonomous driving technology market will reach 265 billion yuan. Among them, computer vision, as one of the most important technologies for autonomous driving, the market for computer vision software for automotive applications in China will grow from 1.2 billion yuan in 2020 to 15.3 billion yuan in 2025, with an annual compound growth rate of 66.4%. China's autonomous driving technology is still in its early stages, and the technological leadership will provide an important driving force for the subsequent development of various manufacturers. According to the Frost & Sullivan report, compared with other players, SenseTime Technology has a leading advantage in ADAS, AI-driven intelligent cockpits, AI infrastructure services, and cooperation capabilities with Chinese and global automakers.
Source: Frost & Sullivan report
Frost & Sullivan has extensive research experience in the TMT industry and has assisted well-known enterprises in successfully listing on capital markets. Successful listings include: Qinhuai Data (NASDAQ: CD), Mingyuan Cloud (0909.HK), Weimeng Group (2013.HK), Wanka Yilian (1762.HK), AsiaInfo Technology (1675.HK), Feisida (8342.HK), Aurora Mobile (NASDAQ: JG), Jingguan Holdings (8606.HK), Weixin Jinko (2003.HK), Huifu Tianxia (1806.HK), Atlinks (8043.HK), Zioncom (8287.HK), ISP Global (8487.HK), Vobile (3738.HK), Aibo Technology (2708.HK), iClick (NASDAQ: ICLK), Shengye Capital (6069.HK), Anling International (8410.HK), Anke Systems (8353.HK), Junmeng International (8062.HK), Future Data (8229.HK) and Yasi Backup (8290.HK).
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