The artificial intelligence market finds diverse applications across industries, such as healthcare for diagnostics, finance for risk assessment, and retail for personalized recommendations. Natural language processing and image recognition enhance customer experiences. Machine learning drives predictive analytics in manufacturing. Chatbots improve customer support. The dominating segment is machine learning, which powers many AI applications. Its ability to learn from data and adapt makes it a versatile technology that underpins various AI solutions, contributing to its prominence in the market.
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Data Bridge Market Research analyses that the GCC Artificial Intelligence Market was valued at USD 5,951.90 million in 2021 and is expected to reach USD 16,391.66 million by 2029, at a CAGR of 13.5% during the forecast period of 2022-2029. Artificial intelligence (AI) streamlines operations by automating repetitive tasks, data analysis, and decision-making. This reduces the need for manual intervention, enhances efficiency, and allows human workers to focus on more complex and strategic aspects of their roles.
Key Findings of the Study
Data abundance is expected to drive the market's growth rate
The proliferation of data, often referred to as "big data," serves as a foundational resource for artificial intelligence (AI) applications. AI systems require substantial volumes of data for training, learning, and making accurate predictions. The vast datasets generated by various sources, including the internet, sensors, and devices, provide valuable insights. As data grows, AI's potential expands, enabling more robust machine learning models and data-driven decision-making across industries, from healthcare and finance to retail and manufacturing.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Hardware, Software, Services), Type (General/Strong AI, Narrow/Weak AI), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Technology (Machine Learning, Deep Learning, Computer Vision, Natural Language Processing (NLP), Speech Recognition, Image Processing, Context-Aware Computing), Application (Virtual Assistants/Chatbots, Forecasts and Modeling, Text Analytics, Speech Analytics, Predictive Maintenance, and Others), End User (Manufacturing, Retail, Healthcare, Security, Automotive, Aerospace, Marketing, Construction, Telecommunication, Defense, Oil and Gas, Banking and Finance, Law, Building Automation, Media and Entertainment, Human Resources, Supply Chain, Food and Beverage, Gaming, Agriculture, Consumer Products, Education, Entertainment, Others)
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Countries Covered
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U.A.E., Saudi Arabia, Qatar, Oman, Kuwait, Bahrain
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Market Players Covered
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NVIDIA Corporation (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Amazon Web Services, Inc. (Subsidiary of Amazon.com, Inc.) (U.S.), Google (a subsidiary of Alphabet Inc.) (U.S.), QlikTech International AB (Sweden), MICROSTRATEGY INCORPORATED (U.S.), Twerlo (U.S.), CBOT (U.S.), WideBot, Inc (U.S.), DilenyTech (U.S.), Siemens (Germany), SAMSUNG ELECTRONICS CO., LTD. (South Korea), Meta (U.S.), Oracle (U.S.), SAP SE (Germany), Salesforce, Inc. (U.S.), SAS Institute Inc. (U.S.), Baidu, Inc. (China), Hyperlink InfoSystem (India), CSP Solution (U.S.), DECE Software Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Yesil Science Teknoloji Ltd. Sti. (Turkey), Microsoft (U.S.), Huawei Technologies Co., Ltd. (China)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The GCC artificial intelligence market is segmented into component, type, organization size, technology, application, and end user.
- On the basis of component, the GCC artificial intelligence market is segmented into hardware, software, and services.
- On the basis of type, the GCC artificial intelligence market is segmented into general/strong AI, and narrow/weak AI.
- On the basis of organization size, the GCC artificial intelligence market is segmented into large enterprises, and small and medium-sized enterprises.
- On the basis of technology, the GCC artificial intelligence market is segmented into machine learning, deep learning, computer vision, natural language processing (NLP), speech recognition, image processing, and context-aware computing.
- On the basis of application, the GCC artificial intelligence market is segmented into virtual assistants/chatbots, forecasts and modeling, text analytics, speech analytics, predictive maintenance, and others.
- On the basis of end user, the GCC artificial intelligence market is segmented into manufacturing, retail, healthcare, security, automotive, aerospace, marketing, construction, telecommunication, defense, oil and gas, banking and finance, law, building automation, media and entertainment, human resources, supply chain, food and beverage, gaming, agriculture, consumer products, education, entertainment, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the GCC artificial intelligence market players in GCC artificial intelligence market are NVIDIA Corporation (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Amazon Web Services, Inc. (Subsidiary of Amazon.com, Inc.) (U.S.), Google (a subsidiary of Alphabet Inc.) (U.S.), QlikTech International AB (Sweden), MICROSTRATEGY INCORPORATED (U.S.), Twerlo (U.S.), CBOT (U.S.), WideBot, Inc (U.S.).
Market Developments
- In December 2020, Twerlo introduced its customer support solution based on the WhatsApp API. These products aim to improve the customer experience by simplifying the customer journey. Twerlo envisions a transformation in the way businesses engage with their customers and has already garnered interest from major enterprises in Saudi Arabia. This expansion has bolstered the company's portfolio and presence in the region.
- In March 2022, SAP SE unveiled the inauguration of SAP Labs Singapore, a digital innovation center with a mission to nurture local digital talent, foster community engagement, and propel product innovation. It marks SAP's pioneering effort in Southeast Asia (SEA) and will play a pivotal role in advancing cutting-edge technologies such as artificial intelligence (AI) and machine learning, particularly in areas such as digital supply chain, intelligent business networks, and sustainability solutions. This initiative will strengthen SAP's footprint and influence in the region.
- In September 2022, AiCure introduced its Clinical Site Services Program, establishing partnerships with research sponsors and sites throughout the research process. The program provides data-driven insights aimed at reducing study-related risks and enhancing workflow efficiency.
- In April 2023, H2O.ai unveiled a strategic collaboration with GeoTechnologies, a Japanese firm specializing in map data and location information solutions for vehicle navigation systems. Leveraging H2O.ai's H2O AI Cloud, GeoTechnologies has crafted an AI-driven platform capable of assessing sidewalk safety using on-board camera footage.
- In June 2023, AMD introduced its AI Platform strategy, showcasing the AMD Instinct MI300 Series accelerator family. This unveiling included a sneak peek at the AMD Instinct MI300X accelerator, specifically designed for large language model training and generative AI workloads.
Regional Analysis
Geographically, the countries covered in the GCC artificial intelligence market report are U.A.E., Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain.
As per Data Bridge Market Research analysis:
Saudi Arabia is expected to dominate the GCC artificial intelligence market in the forecast period 2022-2029
Saudi Arabia is poised to take a leading position in the GCC artificial intelligence market. The dominance is attributed to the presence of large enterprises and substantial data flows within the region. With a growing focus on AI adoption, the country is actively leveraging this technology to enhance efficiency and innovation across various sectors. This proactive approach positions Saudi Arabia as a frontrunner in driving AI advancements and applications within the Gulf Cooperation Council (GCC) region.
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