Saudi Arabia Artificial Intelligence (AI) Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2030

The country research report on Saudi Arabia artificial intelligence (AI) market is a customer intelligence and competitive study of the Saudi Arabia market. Moreover, the report provides deep insights into demand forecasts, market trends, and micro and macro indicators in the Saudi Arabia market. Also, factors that are driving and restraining the artificial intelligence (AI) market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the artificial intelligence (AI) market in Saudi Arabia. 

Market Insight

AI business activity in Saudi Arabia over the past 10 years has been relatively low. However, the Kingdom emerged strongly in 2018 with a total investment of around USD 585 million in AI technologies. The Artificial Intelligence market in Saudi Arabia is still near the beginning of the maturity curve, the Kingdom is well-positioned to leverage global experience in AI, which could ultimately enable them to advance other countries in the next few years. A large number of exclusive industry sectors, a driving force for investment, large-scale transformation programs, a young and vibrant community, and a thriving environment for testing platforms in new and smart cities, in addition to the change in governance mode, has been the major factors highlighting the growth of the AI technology. 

Saudi Arabia’s Vision 2030 and launch of the National Artificial Intelligence Strategy in Saudi Arabia to facilitate the growth of the Artificial Intelligence industry in Saudi Arabia driving the growth of the market. Saudi Arabia's Vision 2030 places extensive emphasis on data and artificial intelligence. As per the Saudi Data and Artificial Intelligence Authority, Saudi Arabia’s Vision 2030 has clear goals to transform KSA cities into smart cities by unlocking the value of city data as a national asset to realize Vision 2030 aims. Saudi Arabia has launched a multibillion-dollar strategy in November 2020 for becoming a global leader in the field of artificial intelligence (AI) as the Kingdom seeks to diversify its oil-based economy. In addition, the Saudi Authority for Data and Artificial Intelligence signed memorandums of understanding with IBM, Alibaba, and Huawei in areas of artificial intelligence (AI) at the summit in the kingdom. Moreover, the Saudi Data and AI Authority (SDAIA), and the International Telecommunication Union (ITU), a specialized agency of the United Nations also signed an MoU to collaborate on initiatives aimed at supporting and strengthening efforts to optimize the benefits of AI technologies and applications for sustainable development. Thus, the launch of the national artificial intelligence strategy in Saudi Arabia to grow into a global leader in artificial intelligence (AI) and data by 2030 will drive the growth of the Artificial Intelligence industry in Saudi Arabia over the forecast years. However, Shortage of skilled professionals to challenge the growth of the Artificial Intelligence industry in Saudi Arabia. Moreover, the growing acceptance of technologies such as smart factory within the Kingdom of Saudi Arabia will provides a significant growth opportunity for the market. 

Segments Covered

The report on Saudi Arabia artificial intelligence (AI) market provides a detailed analysis of segments in the market based on technology, end user, and application. 

Segmentation Based on Technology

·         Natural Language Processing (NLP)

·         Context-aware Computing

·         Computer Vision

·         Machine Learning

·         Supervised Learning

·         Deep Learning

·         Reinforcement Learning

·         Unsupervised Learning

·         Others 

Segmentation Based on End User

·         Automotive

·         Retail

·         Manufacturing

·         Healthcare

·         Agriculture

·         Human Resources

·         Security

·         Marketing

·         BFSI

·         Fintech

·         Others 

Segmentation Based on Application

·         Cyber Security

·         Digital Personal Assistant

·         Image Recognition

·         Predictive Risk Assessment

·         Customer Experience Management

·         Gesture Control

·         Smart Robots

·         Deep Learning

·         Speech Recognition

·         Video Analysis

·         Language Processing

·         Context Aware Processing

·         Others 

Highlights of the Report

The report provides detailed insights into:

 1) Demand and supply conditions of the artificial intelligence (AI) market

 2) Factor affecting the artificial intelligence (AI) market in the short run and the long run

 3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

 4) Key trends and future prospects

 5) Leading companies operating in artificial intelligence (AI) market and their competitive position in Saudi Arabia

 6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (the Saudi Arabia) artificial intelligence (AI) market

 7) IGR Matrix: to position the product types

 8) Market estimates up to 2030

 The report answers questions such as:

 1) What is the market size of the artificial intelligence (AI) market in Saudi Arabia?

 2) What are the factors that affect the growth in the artificial intelligence (AI) market over the forecast period?

 3) What is the competitive position in Saudi Arabia artificial intelligence (AI) market?

 4) What are the opportunities in Saudi Arabia artificial intelligence (AI) market?

 5) What are the modes of entering Saudi Arabia artificial intelligence (AI) market?