The Egypt Artificial Intelligence Market is expected to grow with a CAGR of 13.4% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.
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The Egypt artificial intelligence market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to a favorable market scenario.
The major players in the Egypt artificial intelligence market are introducing a strong range of product providers, launching new products, and adopting strategic initiatives such as acquisition, agreement, business expansion, awards, and recognition. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In September 2021, Meta launched the textless NLP for generating speech from raw audio. The first high-performance NLP model breaks free of this dependence on text. This product launch improves the product portfolio of the company
Meta is the dominating player in the Egypt artificial intelligence market. Some of the major players operating in the Egypt artificial intelligence market are NVIDIA Corporation, Intel Corporation, IBM Corporation, Cisco Systems, Inc., Amazon Web Services, Inc. (Subsidiary of Amazon.com, Inc.), Google (a subsidiary of Alphabet Inc.), QlikTech International AB, MICROSTRATEGY INCORPORATED, Twerlo, CBOT, WideBot, Inc, DilenyTech, Siemens, SAMSUNG ELECTRONICS CO., LTD., Oracle, SAP SE, Salesforce, Inc., SAS Institute Inc., Baidu, Inc., Hyperlink InfoSystem, CSP Solution, DECE Software Inc., Rockwell Automation, Inc., Yesil Science Teknoloji Ltd. Sti., Microsoft, Huawei Technologies Co., Ltd., among others.
Meta
Meta was founded in 2004 and headquartered in California, the U.S. It has public ownership. The company focuses on developing machine learning intelligence for creating newer technologies. The company has several product categories, including Machine Learning, Artificial Intelligence, and Research, of which Artificial Intelligence is the market-focused category.
For instance,
- In May 2020, Meta launched a highly efficient, real-time text-to-speech system deployed on CPUs. The modern text-to-speech (TTS) systems have come a long way in using neural networks to mimic the nuances of the human voice. This product launch has improved the product portfolio of the company
The company has a presence across North America, South America, Asia-Pacific, Europe, the Middle East and Africa. Some subsidiaries of the company are PrivateCore (U.S.), Oculus VR (U.S.), WhatsApp Inc (U.S.), Facebook Ireland Limited (Ireland), and Giphy (U.S.), among others.
Amazon Web Services, Inc.
Amazon Web Services, Inc. was founded in 2006, with headquarters in Washington, the U.S. It has public ownership. The company focuses on providing on-demand cloud computing platforms to individuals, companies, or governments on a paid subscription basis. The company has business segments such as North America, International, and AWS, out of which AWS is the market-focused segment.
The company has several product categories, including Featured Services, Analytics, Application Integration, AR & VR, AWS, Blockchain, Business Management, Compute, Customer Engagement, Database, Developer Tools, End User Computing, Game Tech, Internet of Things, Machine Learning, Management & Governance, Media Services, Migration & Transfer, Mobile, Networking & Content Delivery, Robotics, Satellite, Security, Identity & Compliance, Storage, out of which Machine Learning is the market-focused category.
For instance,
- In May 2022, Amazon Web Services, Inc. signed an agreement with IBM to offer a broad array of its software catalog as Software-as-a-Service (SaaS) on AWS. This will further help the company run software on-premises and across hybrid cloud environments so they can be scaled globally with high availability
The company has a presence across North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. Some subsidiaries of the company are CloudEndure(U.S.), Wickr (U.S.), AWS Elemental (U.S.), TeamSQL, Inc. (U.S.) & TSO Logic, Inc. (U.S.), among others.
Microsoft
Microsoft, Inc. was founded in 1975, with headquarters in Washington, the U.S. It has public ownership. The company focuses on providing products and services related to computer software, consumer electronics, and related services. The company operates in various business segments such as Productivity and Business Processes, Intelligent Cloud, and More Personal Computing, of which Intelligent Cloud is the market-focused segment.
The company offers various product categories, including AI+Machine Learning, Analytics, Compute, Containers, Databases, Developer Tools, DevOps, Hybrid+Multicloud, Identity, Integration, Internet of Things, Management and governance, Media, Migration, Mixed Reality, Mobile, Networking, Security and Storage, out of which AI+Machine Learning is the market-focused category.
For instance,
- In April 2021, Microsoft announced the latest updates on the Azure Neutral TTS, including innovative features like new voices for casual conversations (Sara: a new chatbot voice in U.S. English), among others. This has popularized the company even more among the users as casual conversational tools are always very attractive
The company has a presence across North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. Some subsidiaries of the company are GitHub (U.S.), Yammer (U.S.), Flipgrid, Inc. (U.S.), Xamarin (U.S.), Winternals (U.S.), and Ally Technologies, Inc. (U.S.), among others.
