PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1347311
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1347311
GCC Artificial Intelligence Market, By Solution ; By Technology (Deep Learning, Machine Learning, Natural Language Processing, Machine Vision); By End Use ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
GCC Artificial Intelligence (AI) Market Size almost Doubles to Cross USD 16.2 Billion by 2029.
GCC artificial intelligence (AI) market is flourishing because of the growing investments in AI systems, an increasing demand for intelligent systems, and rising adoption of cloud technology.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Gulf Cooperation Council (GCC) artificial intelligence (AI) market size at USD 8.6 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the GCC artificial intelligence (AI) market size to grow at a significant CAGR of 11.21% reaching a value of USD 16.2 billion by 2029. Major growth drivers for the GCC artificial intelligence market include the increased investments, governments' supportive initiatives, and a growing focus on digital transformation. Governments in the region recognize AI's potential and launch initiatives to foster innovation and regulatory support. Embracing Industry 4.0, the GCC integrates AI, IoT, and automation for improved manufacturing and supply chain efficiency. The region's data proliferation enables robust AI models, while growing investments in AI startups and research centers fuel innovation and deployment across sectors. These factors contribute to the market's expansion as AI applications span various industries. However, high implementation costs of artificial intelligence solutions are anticipated to restrain the overall market growth during the period in analysis.
GCC Artificial Intelligence Market - Overview:
The GCC artificial intelligence (AI) market refers to the economic ecosystem and activities related to the development, deployment, and adoption of AI technologies and solutions within the Gulf Cooperation Council (GCC) region. The GCC consists of six Middle East countries: Saudi Arabia, United Arab Emirates (UAE), Kuwait, Qatar, Bahrain, and Oman. The market encompasses various aspects, including AI research, investments in AI startups and companies, government initiatives promoting AI adoption, AI-related products and services offered by businesses, and the integration of AI technologies into various industries and sectors. The aim is to leverage AI's capabilities to drive digital transformation, enhance operational efficiency, improve customer experiences, and address complex challenges in healthcare, finance, transportation, energy, and other industries within the GCC region.
Impact of COVID-19 on GCC Artificial Intelligence (AI) Market:
COVID-19 pandemic had a mixed impact on the GCC artificial intelligence (AI) market. On the one hand, it accelerated the adoption of AI technologies in healthcare for diagnostics, drug discovery, and patient care. AI-powered chatbots also played a crucial role in providing information and support during the crisis. On the other hand, the pandemic disrupted supply chains, leading to a temporary slowdown in AI investments in non-essential sectors. However, the crisis highlighted AI's potential in addressing challenges, driving the region's focus towards AI-driven solutions for resilience and digital transformation. Post-pandemic, the GCC AI market rebounded and continued its growth trajectory.
GCC Artificial Intelligence (AI) Market - By Solution:
By solution, the GCC artificial intelligence (AI) market is divided into Hardware, Software, and Services segments. The software segment held the highest market share in 2022 in the GCC AI market by solution, due to remarkable advancements in information storage capacity, robust computing power, and parallel processing capabilities, enabling the delivery of high-end services. The ability to extract data, offer real-time insights, and support decision-making has positioned the software segment at the forefront of market dominance. AI software solutions encompass a wide range of libraries designed to develop and implement AI applications, including primitives, linear algebra, inference, sparse matrices, video analytics, and various hardware communication capabilities. The growing need for enterprises to comprehend and analyze visual content to gain meaningful insights is expected to drive the adoption of AI software in the forecast period. To optimize operational costs and drive higher profits, businesses are increasingly embracing AI services. Artificial Intelligence as a Service (AIaaS) has become a crucial tool for companies seeking a competitive edge through cloud-based AI capabilities. AI services encompass installation, integration, maintenance, and support tasks, and this segment is projected to witness significant growth in the coming years. Within AI hardware, chipsets like GPUs (Graphics Processing Units), CPUs, application-specific integrated circuits (ASICs), and field-programmable gate arrays (FPGAs) play a pivotal role. Presently, GPUs and CPUs dominate the AI hardware market due to their unparalleled computing capabilities, which are essential for AI frameworks.
Competitive Landscape:
Major players operating in the GCC artificial intelligence (AI) market include: Meta, Amazon Web Services, Inc., Microsoft, Samsung Electronics Co., Ltd, IBM Corporation, Google, Baidu, Inc., Cbot, Cisco Systems, Inc., CSP Solution, Dece Software Inc., Dilenytech, Huawei Technologies Co., Ltd, Hyperlink Infosystem, and Intel Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Artificial Intelligence (AI) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Artificial Intelligence (AI) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. GCC Artificial Intelligence (AI) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Investments in Artificial Intelligence Systems
- 3.2.1.2. Rise in Demand for Intelligent Systems
- 3.2.1.3. Rising Adoption of Cloud Technology
- 3.2.2. Restraints
- 3.2.2.1. High Implementation Cost of Artificial Intelligence (AI) Solutions
- 3.2.3. Opportunities
- 3.2.3.1. Growth in Ethical AI Development to Boost Adoption of AI Technology
- 3.2.4. Challenges
- 3.2.4.1. Lack of Technical Expertise
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. GCC Artificial Intelligence (AI) Market Overview
- 4.1. Market Size & Forecast by Value, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Solution
- 4.2.1.1. Hardware
- 4.2.1.2. Software
- 4.2.1.3. Services
- 4.2.2. By Technology
- 4.2.2.1. Deep Learning (DL)
- 4.2.2.2. Machine Learning (ML)
- 4.2.2.3. Natural Language Processing (NLP)
- 4.2.2.4. Machine Vision
- 4.2.3. By End Use
- 4.2.3.1. Healthcare
- 4.2.3.2. BFSI
- 4.2.3.3. Law
- 4.2.3.4. Retail
- 4.2.3.5. Advertising & Media
- 4.2.4. By Country
- 4.2.4.1. Saudi Arabia
- 4.2.4.2. UAE
- 4.2.4.3. Qatar
- 4.2.4.4. Bahrain
- 4.2.4.5. Kuwait
- 4.2.4.6. Oman
- 4.2.1. By Solution
5. Saudi Arabia Artificial Intelligence (AI) Market Overview
- 5.1. Market Size & Forecast by Value, 2019-2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Solution
- 5.2.2. By Technology
- 5.2.3. By End Use
6. UAE Artificial Intelligence (AI) Market Overview
- 6.1. Market Size & Forecast by Value, 2019-2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Solution
- 6.2.2. By Technology
- 6.2.3. By End Use
7. Qatar Artificial Intelligence (AI) Market Overview
- 7.1. Market Size & Forecast by Value, 2019-2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Solution
- 7.2.2. By Technology
- 7.2.3. By End Use
8. Bahrain Artificial Intelligence (AI) Market Overview
- 8.1. Market Size & Forecast by Value, 2019-2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Solution
- 8.2.2. By Technology
- 8.2.3. By End Use
9. Kuwait Artificial Intelligence (AI) Market Overview
- 9.1. Market Size & Forecast by Value, 2019-2029
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Solution
- 9.2.2. By Technology
- 9.2.3. By End Use
10. Oman Artificial Intelligence (AI) Market Overview
- 10.1. Market Size & Forecast by Value, 2019-2029
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Solution
- 10.2.2. By Technology
- 10.2.3. By End Use
11. Rest of GCC Artificial Intelligence (AI) Market Overview
- 11.1. Market Size & Forecast by Value, 2019-2029
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Solution
- 11.2.2. By Technology
- 11.2.3. By End Use
12. Competitive Landscape
- 12.1. List of Key Players and Their Offerings
- 12.2. Market Share Analysis, 2022
- 12.3. Competitive Benchmarking, By Operating Parameters
- 12.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
13. Impact of Covid-19 on GCC Artificial Intelligence (AI) Market
14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 14.1. Meta
- 14.2. Amazon Web Services, Inc
- 14.3. Microsoft
- 14.4. Samsung Electronics Co., Ltd.
- 14.5. IBM Corporation
- 14.6. Google
- 14.7. Baidu, Inc.
- 14.8. Cbot
- 14.9. Cisco Systems, Inc.
- 14.10. CSP Solution
- 14.11. Dece Software Inc.
- 14.12. Dilenytech
- 14.13. Huawei Technologies Co., Ltd.
- 14.14. Hyperlink Infosystem
- 14.15. Intel Corporation
- 14.16. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
- 16.1. Qualitative Research
- 16.1.1. Primary & Secondary Research
- 16.2. Quantitative Research
- 16.3. Market Breakdown & Data Triangulation
- 16.3.1. Secondary Research
- 16.3.2. Primary Research
- 16.4. Breakdown of Primary Research Respondents, By Region
- 16.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 GCC Artificial Intelligence (AI) Market Segmentation
- Figure 2 GCC Artificial Intelligence (AI) Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 GCC Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019-2029
- Figure 5 GCC Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019-2029
- Figure 6 GCC Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019-2029
- Figure 7 GCC Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019-2029
- Figure 8 GCC Artificial Intelligence (AI) Market Share, By Country, By Value, 2019-2029
- Figure 9 Saudi Arabia Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019-2029
- Figure 10 Saudi Arabia Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019-2029
- Figure 11 Saudi Arabia Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019-2029
- Figure 12 Saudi Arabia Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019-2029
- Figure 13 UAE Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019-2029
- Figure 14 UAE Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019-2029
- Figure 15 UAE Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019-2029
- Figure 16 UAE Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019-2029
- Figure 17 Qatar Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019-2029
- Figure 18 Qatar Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019-2029
- Figure 19 Qatar Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019-2029
- Figure 20 Qatar Artificial Intelligence (AI) Market Share, By 1Technology, By Value, 2019-2029
- Figure 21 Bahrain Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019-2029
- Figure 22 Bahrain Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019-2029
- Figure 23 Bahrain Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019-2029
- Figure 24 Kuwait Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019-2029
- Figure 25 Kuwait Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019-2029
- Figure 26 Kuwait Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019-2029
- Figure 27 Kuwait Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019-2029
- Figure 28 Oman Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019-2029
- Figure 29 Oman Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019-2029
- Figure 30 Oman Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019-2029
- Figure 31 Oman Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019-2029
- Figure 32 Rest of GCC Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019-2029
- Figure 33 Rest of GCC Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019-2029
- Figure 34 Rest of GCC Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019-2029
- Figure 35 Rest of GCC Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019-2029
List of Tables
- Table 1 GCC Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019-2029
- Table 2 GCC Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019-2029
- Table 3 GCC Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019-2029
- Table 4 GCC Artificial Intelligence (AI) Market Size, By Country, By Value, 2019-2029
- Table 5 Saudi Arabia Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019-2029
- Table 6 Saudi Arabia Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019-2029
- Table 7 Saudi Arabia Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019-2029
- Table 8 UAE Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019-2029
- Table 9 UAE Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019-2029
- Table 10 UAE Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019-2029
- Table 11 Qatar Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019-2029
- Table 12 Qatar Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019-2029
- Table 13 Qatar Artificial Intelligence (AI) Market Size, By1Technology, By Value, 2019-2029
- Table 14 Bahrain Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019-2029
- Table 15 Bahrain Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019-2029
- Table 16 Kuwait Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019-2029
- Table 17 Kuwait Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019-2029
- Table 18 Kuwait Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019-2029
- Table 19 Oman Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019-2029
- Table 20 Oman Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019-2029
- Table 21 Oman Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019-2029
- Table 22 Rest of GCC Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019-2029
- Table 23 Rest of GCC Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019-2029
- Table 24 Rest of GCC Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019-2029
- Table 25 Meta Company Overview
- Table 26 Meta Financial Overview
- Table 27 Amazon Web Services, Inc Company Overview
- Table 28 Amazon Web Services, Inc Financial Overview
- Table 29 Microsoft Company Overview
- Table 30 Microsoft Financial Overview
- Table 31 Samsung Electronics Co., Ltd. Company Overview
- Table 32 Samsung Electronics Co., Ltd. Financial Overview
- Table 33 IBM Corporation Company Overview
- Table 34 IBM Corporation Financial Overview
- Table 35 Google Company Overview
- Table 36 Google Financial Overview
- Table 37 Baidu, Inc. Company Overview
- Table 38 Baidu, Inc. Financial Overview
- Table 39 Cbot Company Overview
- Table 40 Cbot Financial Overview
- Table 41 Cisco Systems, Inc. Company Overview
- Table 42 Cisco Systems, Inc. Financial Overview
- Table 43 CSP Solution Company Overview
- Table 44 CSP Solution Financial Overview
- Table 45 Dece Software Inc. Company Overview
- Table 46 Dece Software Inc. Financial Overview
- Table 47 Dilenytech Company Overview
- Table 48 Dilenytech Financial Overview
- Table 49 Huawei Technologies Co., Ltd. Company Overview
- Table 50 Huawei Technologies Co., Ltd. Financial Overview
- Table 51 Hyperlink Infosystem Company Overview
- Table 52 Hyperlink Infosystem Financial Overview
- Table 53 Intel Corporation Company Overview
- Table 54 Intel Corporation Financial Overview
