Saudi Arabia Artificial Intelligence (AI) Market is expected to be dominated by Manufacturing segment through 2028
Growing
Innovation in Artificial Internet of Things (AIoT) to Boost Market
Opportunities
and Higher Adoption of Hyper-Personalized Service are expected to increase the
demand for artificial intelligence market during the forecast period of
2024-2028.
According to
TechSci Research report, “Saudi Arabia Artificial
Intelligence (AI) Market - By Region, Competition, Forecast & Opportunities,
2028”, Saudi Arabia Artificial
Intelligence Market driven by the rapid adoption of digital and
internet-based technologies has significantly assisted the recent growth of the
worldwide artificial intelligence business. Technical development is constantly
accelerating across a wide spectrum of enterprises due to enormous research and
development investments made by the IT behemoths. Due to the rising popularity
of multiple life-saving medical devices and the self-driving capabilities of
new electric vehicles, the Saudi Arabia AI (Artificial Intelligence) industry
is growing at a rapid rate.
In addition, artificial
intelligence is being used for a wide range of applications and enhancing
productivity in ways that have never been used before, including workflow
management tools, trend projections, and even the way businesses purchase
advertising. Additionally, it increases organizational efficiency while
reducing the possibility of an error, and among other things, it instantly
recognizes strange patterns, such as spam and scams, to warn firms about
questionable behavior.
Browse over xx market data Figures
spread through xx Pages and an in-depth TOC on "Saudi Arabia Artificial Intelligence (AI) Market”
AI is being used in Saudi
Arabia's manufacturing, healthcare, financial, and other sectors as industry
4.0 takes hold.
Based on the Industry, the Saudi
Arabia Artificial Intelligence Market is segmented into— IT & telecom,
healthcare, retail & e-commerce, logistics and transportation,
manufacturing, consumer electronics, BFSI, and others. Manufacturing segment is
the highest contributor to the market, Manufacturing is the largest industry
segment in the Saudi Arabia Artificial Intelligence Market, as planning and
operations on the production floor use AI. The advent of intelligent
manufacturing and digital factories will be heralded by the development of 4IR
(Fourth Industrial Revolution) technologies. The International Federation of
Robotics (IFR) estimates that there were 2.7 million industrial robots in
operation worldwide in 2020, and this trend is expected to continue expanding
as digitization initiatives significantly increase. Additionally, manufacturers
will continue to invest in technologies like AI and machine learning to further
cut production costs and accelerate time to market. In the wake of a global
pandemic, manufacturers may be able to develop more resilient businesses with
the use of technology like artificial intelligence that automates tasks,
anticipates disruptions, and provides end-to-end control of all operations.
In terms of regional
analysis, the Saudi Arabia Artificial Intelligence Market is segmented into eastern
region, northern & central region, western
region, and southern region. The northern & central region is dominant as most
of the offices and population is present in Al Riyadh, the capital of Saudi
Arabia which is present in Central region.
Key market
players in the Saudi Arabia Artificial Intelligence Market include:
- AWS
Middle East
- Google
LLC
- IBM
Corporation
- Microsoft
Corporation
- Nvidia
Corporation
- Alibaba
Group Holding Ltd
- Intel
Corporation
- Salesforce,
Inc.
- Oracle
Corporation
- Hewlett
Packard Enterprise Development LP
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
Need in the
market under study is also boosted by the growing trend of multi-cloud
functionality and the expanding demand for cloud-based intelligence services.
The modern AI tools add new and increased value to cloud computing. This factor
is crucial for incorporating new technologies in addition to improving overall
process viability. AI software also helps to close the technological gap
between modern breakthroughs and cloud computing. It helps to address the needs
of startups and new businesses. Thus, the convergence of two technologies—AI
hardware and AI software—is facilitated by the AI cloud. In an AI cloud hybrid
system, cloud computing and artificial intelligence are merged which help to
create a cloud environment like human brain.
“Artificial intelligence (AI) is a technology that is rapidly developing because
of factors like rise in healthcare facilities following the COVID-19 outbreak,
rising automation, the quick uptake of machine learning, etc. On the other
hand, artificial intelligence is improving to better complete activities that
were previously completed using conventional methods. Also, the optimization of
data and information processing power in the future will depend more and more
on AI scenario planning. AI advancements may lead to the development of
original and clever scenario-related models that can handle external stimuli
and many other market-driven aspects.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Saudi Arabia Artificial Intelligence (AI) Market
Segmented By Component
(Hardware, Software and Services), By Technology (Machine Learning, Natural
Language Processing, Others), By Deployment (Cloud, On-premises), By Industry
(IT & Telecom, Healthcare, Retail & E-Commerce, Logistics and
Transportation, Manufacturing, Consumer Electronics, BFSI, Others), By Region,
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, has evaluated the future growth potential of Saudi Arabia Artificial
Intelligence Market and provides statistics and information on market
structure, size, share, and future growth. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities present in the Saudi
Arabia Artificial Intelligence Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com