Uae Artificial Intelligence Market
UAE Artificial Intelligence (AI) Market, By Offerings (Software, Hardware, Services); By Technology (Deep Learning, Machine Learning (ML), 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 & Telecommunications, Healthcare, Automotive & Transportation, Oil & Gas, and Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: June 2024
- Report ID: BWC24483
- Available Format: PDF
- Page: 200
Report Overview
The government’s significant investments in various smart city projects, supportive initiatives, and AI strategies are expected to boost the growth of UAE Artificial Intelligence (AI) Market during the forecast period between 2024 and 2030.UAE Artificial Intelligence (AI) Market - Industry Trends & Forecast Report, 2030
UAE Artificial Intelligence (AI) Market size was estimated to be worth USD 3.18 billion in 2023. During the forecast period between 2024 and 2030, the UAE Artificial Intelligence (AI) Market size is projected to grow at a CAGR of 6.29%, reaching a value of USD 8.54 billion by 2030. Major growth factors for the UAE Artificial Intelligence (AI) Market include extensive research activities, favorable government policies and regulations for the development of AI, and the launch of various AI-based products that cater to the demand for its major end user industries, including healthcare, BFSI, and retail.
Artificial Intelligence (AI) – Overview
The Artificial Intelligence (AI) Market refers to the application of AI technology, such as machine learning (ML), natural language processing (NLP), and computer vision, to various industries and sectors. It involves the development and deployment of intelligent systems and solutions that can simulate human intelligence, perform cognitive tasks, and automate complex processes. The market includes various AI-enabled products, platforms, and services, such as chatbots, virtual assistants, image recognition tools, predictive analytics solutions, and speech recognition systems, among others.
UAE Artificial Intelligence (AI) Market
Growth Drivers
Favorable Government Regulations and Policies
The UAE government has been significantly investing in establishing the country as the global center for artificial intelligence. The Advanced Technology Research Council, (ATRC), an arm of the Abu Dhabi Government, for instance, funded a deep learning algorithm training program helmed by an international team of 25 computer scientists and to be trained on 4,000 powerful computer chips, as reported by Time. The Dubai Future Foundation is also conducting the AI prompt program which is aimed to train one million people in AI prompting in the next three years. The Ruler of Abu Dhabi also recently launched the Artificial Intelligence and Advanced Technology Council to promote technological advancements and innovations in the country.
Challenges
Increasing Data Privacy and Security Concerns
AI models rely on large volumes of data, which comprise sensitive and confidential information about people, such as financial data, health records, copyrighted materials, etc., without their consent. It collects the data to provide a hyper-personalized user experience, which raises concerns surrounding potential misuse or abuse of the data. For example, without appropriate security measures, private information may be violated if unauthorized people or organizations obtain sensitive data. For example, a user's phone number may appear on the screen while responding to a prompt. This acts as a major restraining factor for the UAE Artificial Intelligence (AI) Market.
UAE Artificial Intelligence (AI) Market
Segmental Coverage
UAE Artificial Intelligence (AI) Market – By Offerings
Based on offerings, the UAE Artificial Intelligence (AI) Market is segmented into software, hardware, and services. The software segment accounts for the highest market share in the UAE AI Market by offerings. The software segment’s dominance is owing to the significant improvements in information storage capacity, strong computing power, and parallel processing capabilities that allowed for the provision of high-end services. As artificial intelligence (AI) technology develops, there will be a growing need for sophisticated and high-quality software tools and platforms due to businesses' increasing need to understand and analyze visual content to obtain insightful information.
UAE Artificial Intelligence (AI) Market – By Technology
Based on technology, the UAE Artificial Intelligence (AI) Market is segmented into deep learning, machine learning (ML), natural language processing (NLP), and machine vision. Deep learning holds the largest share of the UAE Artificial Intelligence (AI) Market. The growth of the segment is mainly attributed to its wide range of usage, such as image recognition, natural language processing, etc. Deep learning is extensively being used in various applications, including security systems, facial recognition, and self-driving cars, which is driving market growth.
UAE Artificial Intelligence (AI) Market – By Business Function
Based on business function, the UAE Artificial Intelligence (AI) Market is segmented into marketing & sales, human resources, finance & accounting, operations, cybersecurity, and others. The marketing & sales segment dominates the UAE Artificial Intelligence (AI) Market by business function. AI is emerging as an efficient tool to improve customer engagement, develop dynamic campaigns, produce sales, and boost return on investment (RoI). Furthermore, artificial intelligence (AI) enhances sales prospecting and lead generation through enhanced targeting, customization, decision-making, and other aspects.
Competitive Landscape
Major players operating in the UAE Artificial Intelligence (AI) Market include Omdena Inc., Microsoft, Google LLC, IBM, Intel Corporation, Daffodil Unthinkable Software Corporation, Yanzo, Digital Energy, Gleac, and CAI Concierge AI. 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
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In June 2024 – Presight AI Holding, an AI service management company based in the UAE, formed a partnership with Dell to boost AI and big data adoption in the country.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Billion |
Product/ Service Segmentation |
Offerings, Technology, Business Function, End User |
Key Players |
Omdena Inc., Microsoft, Google LLC, IBM, Intel Corporation, Daffodil Unthinkable Software Corporation, Yanzo, Digital Energy, Gleac, CAI Concierge AI |
By Offerings
-
Software
-
Hardware
-
Services
By Technology
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Deep Learning
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Machine Learning (NL)
-
Natural Language Processing (NLP)
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Machine Vision
By Business Function
-
Marketing & Sales
-
Human Resources
-
Finance & Accounting
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Operations
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Cybersecurity
-
Others
By End User
-
Media & Entertainment
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BFSI
-
IT & Telecommunications
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Healthcare
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Automotive & Transportation
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Oil & Gas
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Others
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- UAE Artificial Intelligence (AI) Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Government initiatives and AI strategies
- Growing significant investments in smart city projects
- Rapid advancements in technology infrastructure
- Restraints
- Increasing data privacy and security concerns
- High implementation costs
- Shortage of shortage of skilled AI professionals
- Opportunities
- Increasing government spending
- Growing industrialization in the UAE
- Increasing demand of Artificial Intelligence (AI) in various industries
- Challenges
- Legal and regulatory frameworks
- Cybersecurity concerns
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- UAE Artificial Intelligence (AI) Market: Marketing Strategies
- UAE Artificial Intelligence (AI) Market: Pricing Analysis
- UAE Artificial Intelligence (AI) Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Offerings
- Software
- Hardware
- Services
- By Technology
- Deep Learning
- Machine Learning (ML)
- 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 & Telecommunications
- Healthcare
- Automotive & Transportation
- Oil & Gas
- Others
- By Offerings
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Products
- UAE Artificial Intelligence (AI) Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- Impact of Escalating Geopolitical Tensions on UAE Artificial Intelligence (AI) Market
- Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
- Omdena Inc.
- Microsoft
- Google LLC
- IBM
- Intel Corporation
- Daffodil Unthinkable Software Corporation
- Yanzo
- Digital Energy
- Gleac
- CAI Concierge AI
- Other prominent players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumptions & Limitations
- Qualitative Research
*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 UAE Artificial Intelligence (AI) Segmentation
Figure 2 UAE Artificial Intelligence (AI) Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 UAE Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2030
Figure 5 UAE Artificial Intelligence (AI) Market Share, By Offerings, By Value (USD Billion), 2019–2030
Figure 6 UAE Artificial Intelligence (AI) Market Share, By Technology, By Value (USD Billion), 2019–2030
Figure 7 UAE Artificial Intelligence (AI) Market Share, By Business Function, By Value (USD Billion), 2019–2030
Figure 8 UAE Artificial Intelligence (AI) Market Share, By End User, By Value (USD Billion), 2019–2030
List of Tables
Table 1 UAE Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2030
Table 2 UAE Artificial Intelligence (AI) Market Share, By Offerings, By Value (USD Billion), 2019–2030
Table 3 UAE Artificial Intelligence (AI) Market Share, By Technology, By Value (USD Billion), 2019–2030
Table 4 UAE Artificial Intelligence (AI) Market Share, By Business Function, By Value (USD Billion), 2019–2030
Table 5 UAE Artificial Intelligence (AI) Market Share, By End User, By Value (USD Billion), 2019–2030
Table 7 Omdena Inc. Company Overview
Table 8 Omdena Inc. Financial Overview
Table 9 Microsoft Company Overview
Table 6 Microsoft Financial Overview
Table 7 Google LLC Company Overview
Table 8 Google LLC Financial Overview
Table 9 IBM Company Overview
Table 10 IBM Financial Overview
Table 11 Intel Corporation Company Overview
Table 12 Intel Corporation Financial Overview
Table 13 Daffodil Unthinkable Software Corporation Company Overview
Table 14 Daffodil Unthinkable Software Corporation Financial Overview
Table 15 Yanzo Company Overview
Table 16 Yanzo Financial Overview
Table 17 Digital Energy Company Overview
Table 18 Digital Energy Financial Overview
Table 19 Gleac Company Overview
Table 20 Gleac Financial Overview
Table 21 CAI Concierge AI Company Overview
Table 22 CAI Concierge AI Financial Overview
Market Segmentation
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