Nigeria Artificial Intelligence (AI) Market
Description
Nigeria Artificial Intelligence (AI) Market, By Component (Software, Hardware, Services); By Deployment Mode (Cloud, On-premises); By Technology (Machine Learning, Natural Language Processing, Computer Vision, Deep Learning); By End User (Healthcare, Agriculture, BFSI, Retail, Education, Government), Trend Analysis, Competitive Landscape & Forecast, 2019–2031Nigeria Artificial Intelligence (AI) Market Zooming 5.6X to Surpass USD 4.3 Billion by 2031
Nigeria Artificial Intelligence (AI) Market is flourishing because of increasing government support and national AI strategies, the continuous expansion of digital infrastructure and internet penetration, and the rising adoption of AI across critical sectors of the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Nigeria Artificial Intelligence (AI) Market size at USD 767.02 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Nigeria Artificial Intelligence (AI) Market size to boom at a robust CAGR of 28.07% reaching a value of USD 4,333.11 million by 2031. The growth of Artificial Intelligence (AI) Market in Nigeria is propelled by robust government support, increasing private sector innovation, and a tech-savvy populace. The 2024 launch of the National Artificial Intelligence Strategy (NAIS) is key to building foundational AI infrastructure and promoting ethical AI adoption across healthcare, agriculture, finance, and education. Nigeria has emerged as a regional AI leader, with AI startups more than doubling and attracting over $120 million in funding between 2022 and 2024. AI applications are already enhancing financial inclusion, medical diagnostics, personalized learning, and precision farming, with mobile AI solutions gaining traction due to rising smartphone usage. Companies like PayStack, LifeBank, uLesson, FarmCrowdy, and Helium Health are leading successful AI deployments, solidifying Nigeria's position in the global AI landscape.
Opportunity – Rising International Funding and Partnerships
Rising international funding and strategic partnerships are unlocking substantial growth opportunities in Nigeria Artificial Intelligence (AI) Market. The government's increasing engagement with global tech giants reflects its ambition to position Nigeria as a regional AI leader. At GITEX Africa, the National Information Technology Development Agency (NITDA) emphasized AI as a transformative tool for policy, leadership, and innovation. This vision is supported by major initiatives, including a NGN 2.8 billion Google grant to nurture AI talent and the Nigeria AI Accelerator Programme launched in partnership with Meta. These efforts are further strengthened by a USU 1.5 million commitment from Luminate and a NGN 100 million AI fund supporting local startups. Additionally, the Nigeria Artificial Intelligence Research Scheme, which offers funding to 45 consortia of startups and researchers, demonstrates a long-term commitment to integrating AI into key sectors such as healthcare, agriculture, education, and finance. These partnerships not only drive innovation but also foster a sustainable AI ecosystem, enabling Nigeria to compete on the global stage and fueling its digital economy through inclusive, tech-driven development.
Impact of Escalating Geopolitical Tensions on Nigeria Artificial Intelligence (AI) Market
Intensifying geopolitical tensions could disrupt the growth of Nigeria Artificial Intelligence (AI) Market. Rising global uncertainties may disrupt international collaborations, restrict access to advanced technologies, and hinder foreign investments crucial for AI development. Sanctions, trade restrictions, or diplomatic strains with key technology partners could limit the import of AI-related hardware, software, and research support. Additionally, geopolitical instability may shift government priorities away from innovation toward national security and crisis management, slowing policy execution and funding allocation. These factors collectively pose challenges to the sustained growth of Nigeria’s AI ecosystem, potentially delaying the country’s progress in becoming a regional leader in AI innovation.
Software Dominates Nigeria Artificial Intelligence (AI) Market
The software segment holds a significant market share in Nigeria Artificial Intelligence (AI) Market by component, a position solidified by continuous advancements in data storage, computing power, and parallel processing, which are crucial for delivering sophisticated AI services. This segment excels in extracting valuable data, generating real-time insights, and supporting strategic decision-making. AI software solutions, encompassing libraries and tools for developing and deploying applications like video analytics, inference, and hardware integration, are seeing escalating demand as businesses increasingly leverage visual data analysis for actionable insights. This trend is expected to drive steady growth in the coming years.
Competitive Landscape
Major companies in Nigeria Artificial Intelligence (AI) Market include Data Science Nigeria (DSN), Co-Creation Hub (Cc-HUB), National Centre for Artificial Intelligence and Robotics (NCAIR), GMind AI, Nomba (formerly Kudi.ai), Curacel, Awarri, Intelia, RxAll, Jamborow, MyCover.ai, Zeeh Africa, CDIAL (Centre for Digitization of Indigenous African Languages), Terragon Group, and Andela. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Nigeria Artificial Intelligence (AI) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Nigeria 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.
Nigeria Artificial Intelligence (AI) Market is flourishing because of increasing government support and national AI strategies, the continuous expansion of digital infrastructure and internet penetration, and the rising adoption of AI across critical sectors of the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Nigeria Artificial Intelligence (AI) Market size at USD 767.02 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Nigeria Artificial Intelligence (AI) Market size to boom at a robust CAGR of 28.07% reaching a value of USD 4,333.11 million by 2031. The growth of Artificial Intelligence (AI) Market in Nigeria is propelled by robust government support, increasing private sector innovation, and a tech-savvy populace. The 2024 launch of the National Artificial Intelligence Strategy (NAIS) is key to building foundational AI infrastructure and promoting ethical AI adoption across healthcare, agriculture, finance, and education. Nigeria has emerged as a regional AI leader, with AI startups more than doubling and attracting over $120 million in funding between 2022 and 2024. AI applications are already enhancing financial inclusion, medical diagnostics, personalized learning, and precision farming, with mobile AI solutions gaining traction due to rising smartphone usage. Companies like PayStack, LifeBank, uLesson, FarmCrowdy, and Helium Health are leading successful AI deployments, solidifying Nigeria's position in the global AI landscape.
Opportunity – Rising International Funding and Partnerships
Rising international funding and strategic partnerships are unlocking substantial growth opportunities in Nigeria Artificial Intelligence (AI) Market. The government's increasing engagement with global tech giants reflects its ambition to position Nigeria as a regional AI leader. At GITEX Africa, the National Information Technology Development Agency (NITDA) emphasized AI as a transformative tool for policy, leadership, and innovation. This vision is supported by major initiatives, including a NGN 2.8 billion Google grant to nurture AI talent and the Nigeria AI Accelerator Programme launched in partnership with Meta. These efforts are further strengthened by a USU 1.5 million commitment from Luminate and a NGN 100 million AI fund supporting local startups. Additionally, the Nigeria Artificial Intelligence Research Scheme, which offers funding to 45 consortia of startups and researchers, demonstrates a long-term commitment to integrating AI into key sectors such as healthcare, agriculture, education, and finance. These partnerships not only drive innovation but also foster a sustainable AI ecosystem, enabling Nigeria to compete on the global stage and fueling its digital economy through inclusive, tech-driven development.
Impact of Escalating Geopolitical Tensions on Nigeria Artificial Intelligence (AI) Market
Intensifying geopolitical tensions could disrupt the growth of Nigeria Artificial Intelligence (AI) Market. Rising global uncertainties may disrupt international collaborations, restrict access to advanced technologies, and hinder foreign investments crucial for AI development. Sanctions, trade restrictions, or diplomatic strains with key technology partners could limit the import of AI-related hardware, software, and research support. Additionally, geopolitical instability may shift government priorities away from innovation toward national security and crisis management, slowing policy execution and funding allocation. These factors collectively pose challenges to the sustained growth of Nigeria’s AI ecosystem, potentially delaying the country’s progress in becoming a regional leader in AI innovation.
Software Dominates Nigeria Artificial Intelligence (AI) Market
The software segment holds a significant market share in Nigeria Artificial Intelligence (AI) Market by component, a position solidified by continuous advancements in data storage, computing power, and parallel processing, which are crucial for delivering sophisticated AI services. This segment excels in extracting valuable data, generating real-time insights, and supporting strategic decision-making. AI software solutions, encompassing libraries and tools for developing and deploying applications like video analytics, inference, and hardware integration, are seeing escalating demand as businesses increasingly leverage visual data analysis for actionable insights. This trend is expected to drive steady growth in the coming years.
Competitive Landscape
Major companies in Nigeria Artificial Intelligence (AI) Market include Data Science Nigeria (DSN), Co-Creation Hub (Cc-HUB), National Centre for Artificial Intelligence and Robotics (NCAIR), GMind AI, Nomba (formerly Kudi.ai), Curacel, Awarri, Intelia, RxAll, Jamborow, MyCover.ai, Zeeh Africa, CDIAL (Centre for Digitization of Indigenous African Languages), Terragon Group, and Andela. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Nigeria Artificial Intelligence (AI) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Nigeria 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
132 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Nigeria Artificial Intelligence (AI) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Government Support & National AI Strategies
- 3.2.1.2. Expanding Digital Infrastructure & Internet Penetration
- 3.2.1.3. Rising Adoption of AI Across Key Sectors
- 3.2.2. Restraints
- 3.2.2.1. Increasing Shortage of Skilled AI Professionals
- 3.2.2.2. Rising Concerns Over Data Privacy and Regulatory Gaps
- 1.1.1. Opportunities
- 1.1.1.1. Rising International Funding & Partnerships
- 1.1.1.2. Surging Interest in Localized & Language-based AI Tools
- 1.1.2. Challenges
- 1.1.2.1. Increasing Ethical Concerns Around AI Bias & Misuse
- 1.1.2.2. Surging Brain Drain Impacting Talent Retention
- 1.2. Technological Advancements/Recent Developments
- 1.3. Regulatory Framework
- 1.4. Porter’s Five Forces Analysis
- 1.4.1. Bargaining Power of Suppliers
- 1.4.2. Bargaining Power of Buyers
- 1.4.3. Threat of New Entrants
- 1.4.4. Threat of Substitutes
- 1.4.5. Intensity of Rivalry
- 2. Nigeria Artificial Intelligence (AI) Market: Marketing Strategies
- 3. Nigeria Artificial Intelligence (AI) Market: Pricing Analysis
- 4. Nigeria Artificial Intelligence (AI) Market Overview
- 4.1. Market Size & Forecast, 2019–2031
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Component
- 4.2.1.1. Software
- 4.2.1.2. Hardware
- 4.2.1.3. Services
- 4.2.2. By Deployment Mode
- 4.2.2.1. Cloud
- 4.2.2.2. On-premises
- 4.2.3. By Technology
- 4.2.3.1. Machine Learning
- 4.2.3.2. Natural Language Processing
- 4.2.3.3. Computer Vision
- 4.2.3.4. Deep Learning
- 4.2.4. By End User
- 4.2.4.1. Healthcare
- 4.2.4.2. Agriculture
- 4.2.4.3. BFSI (Banking, Financial Services, and Insurance)
- 4.2.4.4. Retail
- 4.2.4.5. Education
- 4.2.4.6. Government
- 5. Competitive Landscape
- 5.1. List of Key Players and Their End Users
- 5.2. Nigeria Artificial Intelligence (AI) Company Market Share Analysis, 2024
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- 6. Impact of Escalating Geopolitical Tensions on Nigeria Artificial Intelligence (AI) Market
- 7. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Data Science Nigeria (DSN)
- 7.2. Co-Creation Hub (Cc-HUB)
- 7.3. National Centre for Artificial Intelligence and Robotics (NCAIR)
- 7.4. GMind AI
- 7.5. Nomba (formerly Kudi.ai)
- 7.6. Curacel
- 7.7. Awarri
- 7.8. Intelia
- 7.9. RxAll
- 7.10. Jamborow
- 7.11. MyCover.ai
- 7.12. Zeeh Africa
- 7.13. CDIAL (Centre for Digitization of Indigenous African Languages)
- 7.14. Terragon Group
- 7.15. Andela
- 7.16. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents
- 9.5. 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 Nigeria Artificial Intelligence (AI) Market Segmentation
- Figure 2Nigeria Artificial Intelligence (AI) Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 Nigeria Artificial Intelligence (AI) Market Size, By Value (USD Million), 2019–2031
- Figure 5 Nigeria Artificial Intelligence (AI) Market Share, By Component, By Value (USD Million) 2019–2031
- Figure 6 Nigeria Artificial Intelligence (AI) Market Share, By Deployment Mode, By Value (USD Million) 2019–2031
- Figure 7 Nigeria Artificial Intelligence (AI) Market Share, By Technology, By Value (USD Million) 2019–2031
- Figure 8 Nigeria Artificial Intelligence (AI) Market Share, By End User, By Value (USD Million) 2019–2031
- List of Tables
- Table 1 Nigeria Artificial Intelligence (AI) Market Share, By Component, By Value (USD Million) 2019–2031
- Table 2 Nigeria Artificial Intelligence (AI) Market Share, By Deployment Mode, By Value (USD Million) 2019–2031
- Table 3 Nigeria Artificial Intelligence (AI) Market Share, By Technology, By Value (USD Million) 2019–2031
- Table 4 Nigeria Artificial Intelligence (AI) Market Share, By End User, By Value (USD Million) 2019–2031
- Table 5 Data Science Nigeria (DSN) Company Overview
- Table 6 Data Science Nigeria (DSN) Financial Overview
- Table 7 Co-Creation Hub (Cc-HUB) Company Overview
- Table 8 Co-Creation Hub (Cc-HUB) Financial Overview
- Table 9 National Centre for Artificial Intelligence and Robotics (NCAIR) Company Overview
- Table 10 National Centre for Artificial Intelligence and Robotics (NCAIR) Financial Overview
- Table 11 GMind AI Company Overview
- Table 12 GMind AI Financial Overview
- Table 13 Nomba (formerly Kudi.ai) Company Overview
- Table 14 Nomba (formerly Kudi.ai) Financial Overview
- Table 15 Curacel Company Overview
- Table 16 Curacel Financial Overview
- Table 17 Awarri Company Overview
- Table 18 Awarri Financial Overview
- Table 19 Intelia Company Overview
- Table 20 Intelia Financial Overview
- Table 21 RxAll Company Overview
- Table 22 RxAll Financial Overview
- Table 23 Jamborow Company Overview
- Table 24 Jamborow Financial Overview
- Table 25 MyCover.ai Company Overview
- Table 26 MyCover.ai Financial Overview
- Table 27 Zeeh Africa Company Overview
- Table 28 Zeeh Africa Financial Overview
- Table 29 CDIAL (Centre for Digitization of Indigenous African Languages) Company Overview
- Table 30 CDIAL (Centre for Digitization of Indigenous African Languages) Financial Overview
- Table 31 Terragon Group Company Overview
- Table 32 Terragon Group Financial Overview
- Table 33 Andela Company Overview
- Table 34 Andela Financial Overview
Pricing
Currency Rates
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