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Gcc Artificial Intelligence Market

Gcc Artificial Intelligence Market

GCC Artificial Intelligence (AI) Market, By Solution (Hardware, Software, Services); By Technology (Deep Learning (DL), Machine Learning (ML), Natural Language Processing (NLP), Machine Vision); By End Use (Healthcare, BFSI, Law, Retail, Advertising & Media); By Country (Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: August 2023
  • Report ID: BWC23696
  • Available Format: PDF
  • Page: 200

Report Overview

Increasing investments in artificial intelligence (AI) systems, a rapid surge in the demand for intelligent systems, and high adoption of cloud technology are projected to propel the expansion of the GCC artificial intelligence (AI) market during the forecast period between 2023 and 2029.

GCC Artificial Intelligence (AI) Market - Industry Trends & Forecast Report, 2029

GCC artificial intelligence (AI) market size was estimated at USD 8.6 billion in 2022. During the forecast period between 2023 and 2029, the size of GCC artificial intelligence (AI) market is projected to grow at a CAGR of 11.21% reaching a value of USD 16.2 billion by 2029. Major growth drivers for the GCC artificial intelligence (AI) market include increased investments, governments’ supportive initiatives, and a strong focus on digital transformation. The market size has been expanding as AI applications penetrate various industries and sectors. Governments in the GCC region have recognized the transformative potential of AI and have launched ambitious initiatives to promote its adoption. These initiatives focus on AI research, fostering innovation, and creating a conducive regulatory environment for AI-driven technologies. The GCC countries are keen on embracing Industry 4.0 principles, which involve the integration of AI, IoT (Internet of Things), and advanced automation technologies. This integration enhances manufacturing processes, supply chain management, and overall operational efficiency. Another driving force is with the proliferation of digital technologies, massive amounts of data are being generated in the GCC region. AI thrives on data, and the availability of large datasets enables the development of more robust and accurate AI models. Also, there has been a notable increase in investments from both public and private sectors in AI startups, research centers, and AI-based solutions. This influx of funding is driving innovation and accelerating AI deployment across various sectors.

GCC Artificial Intelligence Market

GCC Artificial Intelligence Market – Overview

The GCC artificial intelligence (AI) Market refers to the economic ecosystem and activities related to the development, deployment, and adoption of AI technologies and solutions within the Gulf Cooperation Council (GCC) region. The GCC consists of six Middle Eastern countries: Saudi Arabia, United Arab Emirates (UAE), Kuwait, Qatar, Bahrain, and Oman. The market encompasses various aspects, including AI research, investments in AI startups and companies, governments’ supportive initiatives promoting AI adoption, AI-related products and services offered by businesses, and the integration of AI technologies into various industries and sectors. The aim is to leverage AI's capabilities to drive digital transformation, enhance operational efficiency, improve customer experiences, and address complex challenges in healthcare, finance, transportation, energy, and other industries within the GCC region.

GCC Artificial Intelligence (AI) Market

Growth Drivers

Rising Interest and Investments in AI across Middle East

Governments and enterprises in the Middle East are awakening to the transformative potential of AI and cutting-edge technologies. The region is witnessing a profound shift as AI emerges as a game-changer, driving the creation of groundbreaking services and entirely novel business paradigms. Businesses are actively reorienting their strategies to capitalize on the burgeoning demand for AI-driven solutions and services, leading to a dynamic landscape of innovation and opportunity across various sectors in the Middle East. The region's growing investments in artificial intelligence systems reflect the commitment to embrace the future of technology and harness its vast potential.

Accelerated Adoption of Cloud Technology and AI for Enhanced Business Operations

The cloud technology has emerged as a transformative approach to deliver computing services. Organizations are proactively adapting to changing consumer demands through technological advancements, innovation, and digitalization. Cloud services are playing a pivotal role in revolutionizing business operations through efficient managed services. With a focus on real-time insights, businesses are embracing cloud technologies to streamline data management and processing. The integration of AI in the cloud environment has further bolstered performance and efficiency, driving enterprise digital transformation. By harnessing AI capabilities in cloud computing, businesses are unlocking enhanced operational efficiency, strategic decision-making, and deeper insights, all while enjoying the added benefits of flexibility, agility, and cost savings.

Restraints

Cost Barrier May Hinder Growth of GCC Artificial Intelligence (AI) Market

The GCC artificial intelligence (AI) market faces a growth constraint due to the high implementation costs associated with AI solutions. Despite the region's growing interest in AI, the expenses involved in developing, integrating, and deploying AI technologies hinder widespread adoption. The initial investments required to implement AI systems, such as hardware, software, and specialized expertise, can be substantial, posing a challenge for many businesses and organizations in the GCC. Additionally, ongoing maintenance and upgrades further contribute to the overall cost of AI implementation. Addressing the cost barrier and finding cost-effective AI solutions will be crucial in unlocking the full potential of AI-driven advancements in the GCC region.

Impact of COVID-19 on GCC Artificial Intelligence (AI) Market

COVID-19 pandemic had a mixed impact on the GCC artificial intelligence (AI) market. On the one hand, it accelerated the adoption of AI technologies in healthcare for diagnostics, drug discovery, and patient care. AI-powered chatbots also played a crucial role in providing information and support during the crisis. On the other hand, the pandemic disrupted supply chains, leading to a temporary slowdown in AI investments in non-essential sectors. However, the crisis highlighted AI's potential in addressing challenges, driving the region's focus towards AI-driven solutions for resilience and digital transformation. Post-pandemic, the GCC AI market rebounded and continued its growth trajectory.

GCC Artificial Intelligence (AI) Market

Segmental Coverage

GCC Artificial Intelligence (AI) Market – By Solution

By solution, the GCC artificial intelligence (AI) market is divided into Hardware, Software, and Services segments. The software segment held the highest market share in 2022 by solution due to remarkable advancements in information storage capacity, robust computing power, and parallel processing capabilities, enabling the delivery of high-end services. The ability to extract data, offer real-time insights, and support decision-making has positioned the software segment at the forefront of market dominance. AI software solutions encompass a wide range of libraries designed to develop and implement AI applications, including primitives, linear algebra, inference, sparse matrices, video analytics, and various hardware communication capabilities. The growing need for enterprises to comprehend and analyze visual content to gain meaningful insights is expected to drive the adoption of AI software in the forecast period. To optimize operational costs and drive higher profits, businesses are increasingly embracing AI services. Artificial Intelligence as a Service (AIaaS) has become a crucial tool for companies seeking a competitive edge through cloud-based AI capabilities. AI services encompass installation, integration, maintenance, and support tasks, and this segment is projected to witness significant growth in the coming years. Within AI hardware, chipsets like GPUs (Graphics Processing Units), CPUs, application-specific integrated circuits (ASICs), and field-programmable gate arrays (FPGAs) play a pivotal role. Presently, GPUs and CPUs dominate the AI hardware market due to their unparalleled computing capabilities, which are essential for AI frameworks.

GCC Artificial Intelligence (AI) Market Size

GCC Artificial Intelligence (AI) Market – By Technology

Based on technology, the GCC artificial intelligence (AI) market is divided into Deep Learning (DL), Machine Learning (ML), Natural Language Processing (NLP), and Machine Vision segments. The deep learning (DL) segment held the highest share in the GCC artificial intelligence market in 2022, due to its ability to process large and complex datasets, enabling accurate pattern recognition and delivering sophisticated AI applications with exceptional precision and efficiency. The machine learning (ML) segment holds the second highest share in the GCC artificial intelligence (AI) market due to its versatility in training models on vast data sets, empowering businesses with effective predictive and analytical capabilities for enhanced decision-making and problem-solving. Also, the natural language processing (NLP) segment is expected to witness fastest growth rate during the forecast period. This is attributed to its ability to understand, interpret, and generate human language. As the region embraces digital transformation and AI-driven applications, NLP enables seamless interactions between humans and machines, enhancing customer experiences, automating tasks, and extracting valuable insights from textual data. The increasing demand for chatbots, voice assistants, sentiment analysis, and language translation services across various sectors is propelling the adoption of NLP technologies in the GCC region.

GCC Artificial Intelligence (AI) Market Share

GCC Artificial Intelligence (AI) Market – By End Use

On the basis of end use, the GCC artificial intelligence (AI) market is divided into Healthcare, BFSI, Law, Retail, and Advertising & Media segments. The advertising & media segment holds the highest share in the GCC artificial intelligence (AI) market by end use due to AI's transformative impact on the industry. AI-powered technologies enable targeted advertising, personalized content recommendations, and precise audience analysis, optimizing marketing strategies for better engagement and conversion rates. Automated content generation, sentiment analysis, and image recognition further enhance media operations, streamlining workflows and improving content relevance. Additionally, AI-driven data analytics provide valuable insights into consumer behavior and preferences, empowering advertisers and media companies to tailor campaigns and offerings. The segment's significant growth is fueled by the region's increasing digitalization and the recognition of AI's potential in revolutionizing advertising and media practices.

GCC Artificial Intelligence (AI) Market – By Region

The in-depth research report on the GCC artificial intelligence (AI) market covers the AI market in all the six GCC countries: Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman. Saudi Arabia dominates the GCC artificial intelligence (AI) market due to its proactive approach in fostering AI adoption. The country has invested heavily in AI research, development, and initiatives, aligning with its Vision 2030 goals. The government’s support, strategic partnerships with global AI leaders, and a thriving ecosystem have attracted substantial investments and talent. Saudi Arabia's focus on integrating AI across sectors, including healthcare, finance, and smart cities, has propelled its AI market growth. Additionally, the country's commitment to AI education and nurturing local talent has positioned it as a regional leader, driving AI innovations and solutions across industries.

Competitive Landscape

Major players operating in the GCC artificial intelligence (AI) market include Meta, Amazon Web Services, Inc., Microsoft, Samsung Electronics Co., Ltd, IBM Corporation, Google, Baidu, Inc., Cbot, Cisco Systems, Inc., CSP Solution, Dece Software Inc., Dilenytech, Huawei Technologies Co., Ltd, Hyperlink Infosystem, and Intel Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In March 2022 - SAP SE inaugurated SAP Labs Singapore, an innovative digital hub aimed at nurturing local digital talent, fostering community engagement, and spearheading product leadership. SAP Labs Singapore marks a pioneering initiative by SAP in the Southeast Asia (SEA) region, focusing on advancing cutting-edge digital supply chain solutions, intelligent business networks, and sustainability initiatives. Notably, the hub will also facilitate the acceleration of deep technologies, including artificial intelligence (AI) and machine learning (ML). The establishment of SAP Labs Singapore is expected to strengthen SAP's presence in the region and reinforce its commitment to driving digital transformation and technological innovations.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman

Product/ Service Segmentation

Solution, Technology, End Use, Region

Key Players

Meta, Amazon Web Services, Inc., Microsoft, Samsung Electronics Co., Ltd, IBM Corporation, Google, Baidu, Inc., Cbot, Cisco Systems, Inc., CSP Solution, Dece Software Inc., Dilenytech, Huawei Technologies Co., Ltd. Hyperlink Infosystem, Intel Corporation

 

By Solution

  • Hardware

  • Software

  • Services

By Technology

  • Deep Learning (DL)

  • Machine Learning (ML)

  • Natural Language Processing (NLP)

  • Machine Vision

By End Use

  • Healthcare

  • BFSI

  • Law

  • Retail

  • Advertising & Media

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Bahrain

  • Kuwait

  • Oman

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. GCC Artificial Intelligence (AI) Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing Investments in Artificial Intelligence Systems
        2. Rise in Demand for Intelligent Systems
        3. Rising Adoption of Cloud Technology
      2. Restraints
        1. High Implementation Cost of Artificial Intelligence (AI) Solutions
      3. Opportunities
        1. Growth in Ethical AI Development to Boost Adoption of AI Technology
      4. Challenges
        1. Lack of Technical Expertise
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. GCC Artificial Intelligence (AI) Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Solution
        1. Hardware
        2. Software
        3. Services
      2. By Technology
        1. Deep Learning (DL)
        2. Machine Learning (ML)
        3. Natural Language Processing (NLP)
        4. Machine Vision
      3. By End Use
        1. Healthcare
        2. BFSI
        3. Law
        4. Retail
        5. Advertising & Media
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Bahrain
        5. Kuwait
        6. Oman
  5. Saudi Arabia Artificial Intelligence (AI) Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Solution
      2. By Technology
      3. By End Use
  6. UAE Artificial Intelligence (AI) Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Solution
      2. By Technology
      3. By End Use
  7. Qatar Artificial Intelligence (AI) Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Solution
      2. By Technology
      3. By End Use
  8. Bahrain Artificial Intelligence (AI) Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Solution
      2. By Technology
      3. By End Use
  9. Kuwait Artificial Intelligence (AI) Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Solution
      2. By Technology
      3. By End Use
  10. Oman Artificial Intelligence (AI) Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Solution
      2. By Technology
      3. By End Use
  11. Rest of GCC Artificial Intelligence (AI) Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Solution
      2. By Technology
      3. By End Use
  12. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  13. Impact of Covid-19 on GCC Artificial Intelligence (AI) Market
  14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Meta
    2. Amazon Web Services, Inc
    3. Microsoft
    4. Samsung Electronics Co., Ltd.
    5. IBM Corporation
    6. Google
    7. Baidu, Inc.
    8. Cbot
    9. Cisco Systems, Inc.
    10. CSP Solution
    11. Dece Software Inc.
    12. Dilenytech
    13. Huawei Technologies Co., Ltd.
    14. Hyperlink Infosystem
    15. Intel Corporation
    16. Other Prominent Players
  15. Key Strategic Recommendations
  16. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    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     GCC Artificial Intelligence (AI) Market Segmentation

Figure 2     GCC Artificial Intelligence (AI) Market Value Chain Analysis

Figure 3     Company Market Share Analysis, 2022

Figure 4     GCC Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029

Figure 5     GCC Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029

Figure 6     GCC Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029

Figure 7     GCC Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029

Figure 8     GCC Artificial Intelligence (AI) Market Share, By Country, By Value, 2019–2029

Figure 9     Saudi Arabia Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029

Figure 10   Saudi Arabia Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029

Figure 11   Saudi Arabia Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029

Figure 12   Saudi Arabia Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029

Figure 13   UAE Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029

Figure 14   UAE Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029

Figure 15   UAE Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029

Figure 16   UAE Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029

Figure 17   Qatar Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029

Figure 18   Qatar Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029

Figure 19   Qatar Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029

Figure 20   Qatar Artificial Intelligence (AI) Market Share, By 1Technology, By Value, 2019–2029

Figure 21   Bahrain Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029

Figure 22   Bahrain Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029

Figure 23   Bahrain Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029

Figure 24   Kuwait Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029

Figure 25   Kuwait Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029

Figure 26   Kuwait Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029

Figure 27   Kuwait Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029

Figure 28   Oman Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029

Figure 29   Oman Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029

Figure 30   Oman Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029

Figure 31   Oman Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029

Figure 32   Rest of GCC Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019−2029

Figure 33   Rest of GCC Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019−2029

Figure 34   Rest of GCC Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019−2029

Figure 35   Rest of GCC Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019−2029

 

List of Tables

 

Table 1        GCC Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029

Table 2        GCC Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029

Table 3        GCC Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029

Table 4        GCC Artificial Intelligence (AI) Market Size, By Country, By Value, 2019–2029

Table 5        Saudi Arabia Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029

Table 6        Saudi Arabia Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029

Table 7        Saudi Arabia Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029

Table 8        UAE Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029

Table 9        UAE Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029

Table 10      UAE Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029

Table 11      Qatar Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029

Table 12      Qatar Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029

Table 13      Qatar Artificial Intelligence (AI) Market Size, By1Technology, By Value, 2019–2029

Table 14      Bahrain Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029

Table 15      Bahrain Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029

Table 16      Kuwait Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029

Table 17      Kuwait Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029

Table 18      Kuwait Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029

Table 19      Oman Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029

Table 20      Oman Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029

Table 21      Oman Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029

Table 22      Rest of GCC Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019−2029

Table 23      Rest of GCC Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019−2029

Table 24      Rest of GCC Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019−2029

Table 25      Meta Company Overview

Table 26      Meta Financial Overview

Table 27      Amazon Web Services, Inc Company Overview

Table 28      Amazon Web Services, Inc Financial Overview

Table 29      Microsoft Company Overview

Table 30      Microsoft Financial Overview

Table 31      Samsung Electronics Co., Ltd. Company Overview

Table 32      Samsung Electronics Co., Ltd. Financial Overview

Table 33      IBM Corporation Company Overview

Table 34      IBM Corporation Financial Overview

Table 35      Google Company Overview

Table 36      Google Financial Overview

Table 37      Baidu, Inc. Company Overview

Table 38      Baidu, Inc. Financial Overview

Table 39      Cbot Company Overview

Table 40      Cbot Financial Overview

Table 41      Cisco Systems, Inc. Company Overview

Table 42      Cisco Systems, Inc. Financial Overview

Table 43      CSP Solution Company Overview

Table 44      CSP Solution Financial Overview

Table 45      Dece Software Inc. Company Overview

Table 46      Dece Software Inc. Financial Overview

Table 47      Dilenytech Company Overview

Table 48      Dilenytech Financial Overview

Table 49      Huawei Technologies Co., Ltd. Company Overview

Table 50      Huawei Technologies Co., Ltd. Financial Overview

Table 51      Hyperlink Infosystem Company Overview

Table 52      Hyperlink Infosystem Financial Overview

Table 53      Intel Corporation Company Overview

Table 54      Intel Corporation Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The deep learning (DL) segment is expected to hold the highest market share in the GCC Artificial Intelligence (AI) Market by technology.
Ans: The software segment is expected to hold the highest market share in the GCC Artificial Intelligence (AI) Market by solution.
Ans: GCC Artificial Intelligence (AI) Market size was estimated at USD 8.6 billion in 2022.
Ans: Major factors driving the growth of the GCC Artificial Intelligence (AI) Market include increasing investments in AI systems, a surge in demand for intelligent systems, and growing utilization of cloud technology.
Ans: Key players in the GCC Artificial Intelligence (AI) Market include Meta, Amazon Web Services, Inc., Microsoft, Samsung Electronics Co., Ltd., IBM Corporation, Google, Baidu, Inc., Cbot, Cisco Systems, Inc., CSP Solution, Dece Software Inc., Dilenytech, Huawei Technologies Co., Ltd, Hyperlink Infosystem, and Intel Corporation.
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