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PUBLISHER: Grand View Research | PRODUCT CODE: 1433687
PUBLISHER: Grand View Research | PRODUCT CODE: 1433687
MENA Artificial Intelligence Market Size, Share & Trends Analysis Report By Solution (Hardware, Software & Services), By Technology, By End-use, By Region, And Segment Forecasts, 2024 - 2030
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PAGES: 100 Pages
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MENA Artificial Intelligence Market Growth & Trends:
The MENA artificial intelligence market size is expected to reach USD 166.33 billion by 2030, projected to grow at a CAGR of 44.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Various cities in the MEA region are actively embracing AI to build smart and sustainable urban environments. AI finds application in traffic management, energy optimization, and public safety, fostering more efficient and secure cities. For instance, Dubai has deployed AI-powered smart traffic control systems that utilize real-time data from traffic cameras and sensors to analyze traffic patterns and optimize signal timings, effectively reducing congestion and enhancing overall transportation efficiency.
The MEA region's governments promote AI through various initiatives, policies, and funding programs. National AI strategies aim to support AI research, development, and adoption to drive economic growth and innovation. For instance, the UAE launched the AI Strategy 2031 to become a global AI leader by investing in research, talent, and integration across education, healthcare, transportation, and public services. Moreover, Middle East and Africa (MEA) emphasizes advancing the use of Arabic language processing in AI technologies owing to the region's diverse linguistic aspects. This emphasis includes improving Natural Language Processing (NLP) and speech recognition capabilities, enabling more accurate interpretation and generation of Arabic text and speech.
Governments in Saudi Arabia are actively promoting Artificial Intelligence (AI) through a range of initiatives, policies, and financial support programs. For instance, the Saudi Data and AI Authority (SDAIA) is a government agency to help Saudi Arabia create an AI ecosystem of government and private sector entities. SDAIA deploys innovative AI solutions, which comprise strategies for combining data and AI into key domains. Various business processes can be automated and streamlined with AI, increasing productivity and efficiency. For instance, in September 2022, The Saudi Company for Artificial Intelligence (SCAI), owned by the Public Investment Fund in Saudi Arabia, sought to develop artificial intelligence applications, collaborated with the Saudi Technology and Security Comprehensive Control Company, a company in the fields of security, safety, and technology to develop the super-computing capabilities and AI infrastructure which is crucial to power the next generation of AI applications.
MENA Artificial Intelligence Market Report Highlights:
- The software segment dominated the market with a revenue share of 35.9% in 2023. Prominent M&A by major players are propelling the market growth. For instance, in July 2022, IBM Corporation announced the acquisition of Databand.ai, Ltd., a provider of data observability software
- The services segment is anticipated to register a significant CAGR over the forecast period. Enterprises are investing extensively in AI services these days to unlock the power of their businesses. They are implementing services to execute activities ranging from forecasting, planning, and predictive maintenance to customer service chatbots and other applications
- Deep learning technology empowers machines to improve their performance by learning from experience and data. Particularly effective with unstructured data like images, videos, and language, it finds extensive applications
- BFSI held the largest revenue share in 2023. AI is streamlining the credit scoring and underwriting processes. Machine learning models analyze vast datasets to assess borrowers' creditworthiness more accurately. This trend allows financial institutions to make better lending decisions, reducing the risk of default and improving the overall efficiency of loan origination
Product Code: GVR-4-68040-182-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. MENA Artificial Intelligence Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. MENA Artificial Intelligence Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. MENA Artificial Intelligence Market: Solution Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. MENA Artificial Intelligence Market: Solution Movement Analysis, 2022 & 2030 (USD Million)
- 4.3. Hardware
- 4.3.1. Hardware MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Services
- 4.5.1. Others MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. MENA Artificial Intelligence Market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. MENA Artificial Intelligence Market: Technology Movement Analysis, 2022 & 2030 (USD Million)
- 5.3. Deep Learning
- 5.3.1. Deep Learning MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Machine Learning
- 5.4.1. Machine Learning MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. NLP
- 5.5.1. NLP MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.6. Machine Vision
- 5.6.1. Machine Vision MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. MENA Artificial Intelligence Market: End-use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. MENA Artificial Intelligence Market: End-use Movement Analysis, 2022 & 2030 (USD Million)
- 6.3. Media & Entertainment
- 6.3.1. Media & Entertainment MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. BFSI
- 6.4.1. BFSI MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. IT & Telecommunication
- 6.5.1. IT & Telecommunication MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. Healthcare
- 6.6.1. Healthcare MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.7. Automotive & Transportation
- 6.7.1. Automotive & Transportation MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.8. Oil & Gas
- 6.8.1. Oil & Gas MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.9. Others
- 6.9.1. Others MENA Artificial Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Participant's Overview
- 7.4. Financial Performance
- 7.5. Product Benchmarking
- 7.6. Company Heat Map Analysis
- 7.7. Strategy Mapping
- 7.7.1. Expansion
- 7.7.2. Mergers & Acquisition
- 7.7.3. Partnerships & Collaborations
- 7.7.4. New Product Launches
- 7.7.5. Research And Development
- 7.8. Company Profiles
- 7.8.1. Advanced Micro Devices
- 7.8.1.1. Participant's Overview
- 7.8.1.2. Financial Performance
- 7.8.1.3. Product Benchmarking
- 7.8.1.4. Recent Developments
- 7.8.2. Omdena Inc.,
- 7.8.2.1. Participant's Overview
- 7.8.2.2. Financial Performance
- 7.8.2.3. Product Benchmarking
- 7.8.2.4. Recent Developments
- 7.8.3. DevisionX,
- 7.8.3.1. Participant's Overview
- 7.8.3.2. Financial Performance
- 7.8.3.3. Product Benchmarking
- 7.8.3.4. Recent Developments
- 7.8.4. Baidu, Inc.
- 7.8.4.1. Participant's Overview
- 7.8.4.2. Financial Performance
- 7.8.4.3. Product Benchmarking
- 7.8.4.4. Recent Developments
- 7.8.5. Google LLC
- 7.8.5.1. Participant's Overview
- 7.8.5.2. Financial Performance
- 7.8.5.3. Product Benchmarking
- 7.8.5.4. Recent Developments
- 7.8.6. IBM
- 7.8.6.1. Participant's Overview
- 7.8.6.2. Financial Performance
- 7.8.6.3. Product Benchmarking
- 7.8.6.4. Recent Developments
- 7.8.7. Intel Corporation
- 7.8.7.1. Participant's Overview
- 7.8.7.2. Financial Performance
- 7.8.7.3. Product Benchmarking
- 7.8.7.4. Recent Developments
- 7.8.8. Intelmatix
- 7.8.8.1. Participant's Overview
- 7.8.8.2. Financial Performance
- 7.8.8.3. Product Benchmarking
- 7.8.8.4. Recent Developments
- 7.8.9. Digital Energy
- 7.8.9.1. Participant's Overview
- 7.8.9.2. Financial Performance
- 7.8.9.3. Product Benchmarking
- 7.8.9.4. Recent Developments
- 7.8.10. Gleac
- 7.8.10.1. Participant's Overview
- 7.8.10.2. Financial Performance
- 7.8.10.3. Product Benchmarking
- 7.8.10.4. Recent Developments
- 7.8.1. Advanced Micro Devices
Product Code: GVR-4-68040-182-7
List of Tables
- Table 1 MENA MENA Artificial Intelligence market by Solution, 2017 - 2030 (USD Million)
- Table 2 MENA MENA Artificial Intelligence market by Technology, 2017 - 2030 (USD Million)
- Table 3 MENA MENA Artificial Intelligence market by End-use, 2017 - 2030 (USD Million)
- Table 4 Key companies launching new products/services.
- Table 5 Key companies engaged in mergers & acquisition.
- Table 6 Key companies engaged in Research & development.
- Table 7 Key Companies engaged in expansion.
List of Figures
- Fig. 1 Information procurement
- Fig. 2 Primary research pattern
- Fig. 3 Market research approaches
- Fig. 4 Value chain-based sizing & forecasting
- Fig. 5 QFD modelling for market share assessment.
- Fig. 6 Parent market analysis
- Fig. 7 Patient-population model
- Fig. 8 Market formulation & validation
- Fig. 9 MENA Artificial Intelligence market snapshot
- Fig. 10 MENA Artificial Intelligence market segment snapshot
- Fig. 11 MENA Artificial Intelligence market competitive landscape snapshot
- Fig. 12 Market research process
- Fig. 13 Market driver relevance analysis (Current & future impact)
- Fig. 14 Market restraint relevance analysis (Current & future impact)
- Fig. 15 MENA Artificial Intelligence Market: Solution outlook key takeaways (USD Million)
- Fig. 16 MENA Artificial Intelligence Market: Solution movement analysis 2022 & 2030 (USD Million)
- Fig. 17 Hardware in Oil & Gas market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 18 Software MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 19 Services MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 20 MENA Artificial Intelligence Market: Technology outlook key takeaways (USD Million)
- Fig. 21 MENA Artificial Intelligence Market: Technology movement analysis 2022 & 2030 (USD Million)
- Fig. 22 Deep Learning in Oil & Gas market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 23 Machine Learning MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 24 NLP MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 25 Machine Vision MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 26 MENA Artificial Intelligence Market: Solution outlook key takeaways (USD Million)
- Fig. 27 MENA Artificial Intelligence Market: Solution movement analysis 2022 & 2030 (USD Million)
- Fig. 28 Hardware in Oil & Gas market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 29 Software MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 30 Services MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 31 MENA Artificial Intelligence Market: End-use outlook key takeaways (USD Million)
- Fig. 32 MENA Artificial Intelligence Market: End-use movement analysis 2022 & 2030 (USD Million)
- Fig. 33 Media & Entertainment in Oil & Gas market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 34 BFSI MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 35 IT & Telecommunication MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 36 Healthcare MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 37 Automotive & Transportation MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 38 Oil & Gas MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 39 Others MENA Artificial Intelligence market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 40 Strategy framework
- Fig. 41 Company Categorization
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