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Saudi Arabia Artificial Intelligence (AI) Market, By Offerings (Software, Hardware, Services); By Technology (Deep Learning, Machine Learning, Natural Language Processing (NLP), Machine Vision); By Business Function (Marketing & Sales, Human Resources, Fi

Publisher BlueWeave Consulting
Published Jul 03, 2024
Length 200 Pages
SKU # BLWC19215111

Description

Saudi Arabia Artificial Intelligence (AI) Market, By Offerings (Software, Hardware, Services); By Technology (Deep Learning, Machine Learning, Natural Language Processing (NLP), Machine Vision); By Business Function (Marketing & Sales, Human Resources, Finance & Accounting, Operations, Cybersecurity, Others); By End User (Media & Entertainment, BFSI, IT & Telecommunication, Healthcare, Automotive & Transportation, Oil & Gas, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Saudi Arabia Artificial Intelligence (AI) Market Size Explodes at Accelerating CAGR to Reach Value USD 9.33 Billion by 2030
Saudi Arabia Artificial Intelligence (AI) Market is flourishing because of the increasingly large investments in smart city initiatives and rapid developments in technological infrastructure.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Artificial Intelligence (AI) Market size at USD 1.52 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Artificial Intelligence (AI) Market size to expand at a CAGR of 6.11% reaching a value of USD 9.33 billion by 2030. Saudi Arabia Artificial Intelligence (AI) Market is projected to boom at a significant rate owing to several factors, including the volume of data being generated, the growing demand for data analytics to produce insights, and technical breakthroughs and innovations in the field. The market will also be driven by significant government policy support and substantial investments in AI research & development programs in the coming years.
Opportunity - Rising adoption of deep learning and machine learning (ML) technologies
Continuous growth in the adoption of deep learning and machine learning technologies is emerging as a major driving factor for Saudi Arabia Artificial Intelligence (AI) Market. Deep learning is being employed for a wide range of applications, including fraud detection, data refining, automotive vehicles, investment modeling, and others, because of its ability to process and analyze large volumes of data, identify patterns, and make predictions based on the processed data. Machine learning is also gaining significant traction across various industries, particularly in logistics, as this technology can optimize shipping and delivery routes, efficiently manage inventory, and automate factories.
Marketing & Sales Function Holds Largest Market Share
Saudi Arabia Artificial Intelligence (AI) Market, based on business function, is divided into marketing & sales, human resources, finance & accounting, operations, cybersecurity, and other segments. The marketing & sales segment dominates Saudi Arabia Artificial Intelligence (AI) market. AI may create marketing material, including blog articles, email text, social media postings, and captions, for digital marketers. Marketers may employ AI for multimedia, including graphics, music, and even video, in addition to writing. AI is becoming a more effective tool for creating dynamic marketing campaigns, increasing RoI, increasing sales, and enhancing consumer engagement. AI also improves lead generation and sales prospecting by improving targeting, personalization, and decision-making, among other things.
Competitive Landscape
Saudi Arabia Artificial Intelligence (AI) Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Retailo Technologies, Quant Data & Analytics, JMM Innovations, Lisan.ai, Tahkom System’s, Foodlobby, Elevatus, Unniit, and Rabeh.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Saudi Arabia Artificial Intelligence (AI) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia 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

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Artificial Intelligence (AI) Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Government Initiatives and AI Strategies
3.2.1.2. Growing Significant Investments in Smart City Projects
3.2.1.3. Rapid Advancements in Technology Infrastructure
3.2.2. Restraints
3.2.2.1. Increasing Data Privacy and Security Concerns
3.2.2.2. High Implementation Costs
3.2.2.3. Shortage of Shortage of Skilled AI Professionals
3.2.3. Opportunities
3.2.3.1. Increasing Government Spending
3.2.3.2. Growing Industrialization in the Saudi Arabia
3.2.3.3. Increasing Demand of Artificial Intelligence (AI) in Various Industries
3.2.4. Challenges
3.2.4.1. Legal and Regulatory Frameworks
3.2.4.2. Cybersecurity Concerns
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Artificial Intelligence (AI) Market: Marketing Strategies
5. Saudi Arabia Artificial Intelligence (AI) Market: Pricing Analysis
6. Saudi Arabia Artificial Intelligence (AI) Market Overview
6.1. Market Size & Forecast, 2019–2030
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Offerings
6.2.1.1. Software
6.2.1.2. Hardware
6.2.1.3. Services
6.2.2. By Technology
6.2.2.1. Deep Learning
6.2.2.2. Machine Learning
6.2.2.3. Natural Language Processing (NLP)
6.2.2.4. Machine Vision
6.2.3. By Business Function
6.2.3.1. Marketing & Sales
6.2.3.2. Human Resources
6.2.3.3. Finance & Accounting
6.2.3.4. Operations
6.2.3.5. Cybersecurity
6.2.3.6. Others
6.2.4. By End User
6.2.4.1. Media & Entertainment
6.2.4.2. BFSI
6.2.4.3. IT & Telecommunication
6.2.4.4. Healthcare
6.2.4.5. Automotive & Transportation
6.2.4.6. Oil & Gas
6.2.4.7. Others
7. Competitive Landscape
7.1. List of Key Players and Their Products
7.2. Saudi Arabia Artificial Intelligence (AI) Company Market Share Analysis, 2023
7.3. Competitive Benchmarking, By Operating Parameters
7.4. Key Strategic Development (Merger, Acquisition, Partnership)
8. Impact of Escalating Geopolitical Tensions on Saudi Arabia Artificial Intelligence (AI) Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
9.1. Retailo Technologies
9.2. Quant Data & Analytics
9.3. JMM Innovations
9.4. Lisan.ai
9.5. Tahkom System’s
9.6. Foodlobby
9.7. Elevatus
9.8. Unniit
9.9. Rabeh
9.10. Other prominent players
10. Key Strategic Recommendations
11. Research Methodology
11.1. Qualitative Research
11.1.1. Primary & Secondary Research
11.2. Quantitative Research
11.3. Market Breakdown & Data Triangulation
11.3.1. Secondary Research
11.3.2. Primary Research
11.4. Breakdown of Primary Research Respondents
11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Artificial Intelligence (AI) Segmentation
Figure 2 Saudi Arabia Artificial Intelligence (AI) Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Saudi Arabia Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2030
Figure 5 Saudi Arabia Artificial Intelligence (AI) Market Share, By Offerings, By Value (USD Billion), 2019–2030
Figure 6 Saudi Arabia Artificial Intelligence (AI) Market Share, By Technology, By Value (USD Billion), 2019–2030
Figure 7 Saudi Arabia Artificial Intelligence (AI) Market Share, By Business Function, By Value (USD Billion), 2019–2030
Figure 8 Saudi Arabia Artificial Intelligence (AI) Market Share, By End User, By Value (USD Billion), 2019–2030
List of Tables
Table 1 Saudi Arabia Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2030
Table 2 Saudi Arabia Artificial Intelligence (AI) Market Share, By Offerings, By Value (USD Billion), 2019–2030
Table 3 Saudi Arabia Artificial Intelligence (AI) Market Share, By Technology, By Value (USD Billion), 2019–2030
Table 4 Saudi Arabia Artificial Intelligence (AI) Market Share, By Business Function, By Value (USD Billion), 2019–2030
Table 5 Saudi Arabia Artificial Intelligence (AI) Market Share, By End User, By Value (USD Billion), 2019–2030
Table 7 Retailo Technologies Company Overview
Table 8 Retailo Technologies Financial Overview
Table 9 Quant Data & Analytics Company Overview
Table 6 Quant Data & Analytics Financial Overview
Table 7 JMM Innovations Company Overview
Table 8 JMM Innovations Financial Overview
Table 9 Lisan.ai Company Overview
Table 10 Lisan.ai Financial Overview
Table 11 Tahkom System’s Company Overview
Table 12 Tahkom System’s Financial Overview
Table 13 Foodlobby Company Overview
Table 14 Foodlobby Financial Overview
Table 15 Elevatus Company Overview
Table 16 Elevatus Financial Overview
Table 17 Unniit Company Overview
Table 18 Unniit Financial Overview
Table 19 Rabeh Company Overview
Table 20 Rabeh Financial Overview

Pricing

Currency Rates
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