GCC Artificial Intelligence Market Report 2024-32: Scope, Share, Size, Outlook, Forecast and Analysis

IMARC Group's report titled "𝐆𝐂𝐂 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞 (𝐍𝐚𝐫𝐫𝐨𝐰/𝐖𝐞𝐚𝐤 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞, 𝐆𝐞𝐧𝐞𝐫𝐚𝐥/𝐒𝐭𝐫𝐨𝐧𝐠 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞), 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 (𝐇𝐚𝐫𝐝𝐰𝐚𝐫𝐞, 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞, 𝐒𝐞𝐫𝐯𝐢𝐜𝐞), 𝐒𝐲𝐬𝐭𝐞𝐦 (𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐒𝐲𝐬𝐭𝐞𝐦𝐬, 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠, 𝐇𝐲𝐛𝐫𝐢𝐝 𝐒𝐲𝐬𝐭𝐞𝐦𝐬, 𝐅𝐮𝐳𝐳𝐲 𝐒𝐲𝐬𝐭𝐞𝐦𝐬), 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐋𝐚𝐧𝐠𝐮𝐚𝐠𝐞 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠, 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠, 𝐂𝐨𝐦𝐩𝐮𝐭𝐞𝐫 𝐕𝐢𝐬𝐢𝐨𝐧, 𝐂𝐨𝐧𝐭𝐞𝐱𝐭-𝐀𝐰𝐚𝐫𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐄𝐧𝐝 𝐔𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 (𝐁𝐚𝐧𝐤𝐢𝐧𝐠, 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 (𝐁𝐅𝐒𝐈), 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲, 𝐌𝐞𝐝𝐢𝐚 𝐚𝐧𝐝 𝐓𝐞𝐥𝐞𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬, 𝐄𝐧𝐞𝐫𝐠𝐲, 𝐌𝐢𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐔𝐭𝐢𝐥𝐢𝐭𝐢𝐞𝐬, 𝐑𝐞𝐭𝐚𝐢𝐥 𝐚𝐧𝐝 𝐖𝐡𝐨𝐥𝐞𝐬𝐚𝐥𝐞 𝐓𝐫𝐚𝐝𝐞, 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠, 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐚𝐧𝐝 𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐". The GCC artificial intelligence market size reached US$ 7.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.7 Billion by 2032, exhibiting a growth rate (CAGR) of 13.88% during 2024-2032.

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐂𝐂 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

• 𝐅𝐚𝐯𝐨𝐫𝐚𝐛𝐥𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬:

The governments of various GCC countries are actively promoting the growth of the artificial intelligence (AI) industry. These initiatives often include investing in AI infrastructure, research and development (R&D), and education. For instance, the United Arab Emirates (UAE) has launched a national AI strategy, aiming to become a leader in AI by 2031. These government-led efforts are crucial in creating a supportive environment for AI development. They foster innovation, attract international AI firms, and encourage local startups. This governmental support is instrumental in establishing the GCC as a major hub for AI technology, driving economic growth and diversification away from oil dependency.

• 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐢𝐧 𝐃𝐢𝐯𝐞𝐫𝐬𝐞 𝐒𝐞𝐜𝐭𝐨𝐫𝐬:

Currently, AI technology in the GCC region is finding diverse applications across numerous sectors, such as healthcare, finance, retail, and transportation. This widespread adoption is spurred by the escalating need for efficiency, cost reduction, and enhanced customer experiences. In healthcare, AI is being used for predictive analytics and personalized medicine, while in finance, it aids in fraud detection and customer service automation. The retail sector utilizes AI for inventory management and customer behavior analysis. The transportation sector is exploring AI for smart traffic management systems. This extensive utilization of AI across industries significantly contributes to the growth of the AI market in the GCC, as it demonstrates the technology's versatility and potential for transformational impact.

• 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲:

The GCC's robust digital infrastructure is another critical factor supporting the growth of its AI industry. The region has made substantial investments in high-speed internet, cloud computing, and data centers, creating an ideal ecosystem for AI technologies to thrive. Enhanced connectivity and state-of-the-art digital infrastructure are also essential for data processing and AI algorithm training, which are core components of AI development. This infrastructure supports the operational needs of AI as well as encourages innovation and experimentation in the field. As a result, the GCC region is becoming increasingly attractive for AI research and development activities, further driving market growth.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐂𝐂 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
• Accubits Technologies
• Amazon Web Services, Inc.
• (Amazon.com Inc.)
• Cogtalk
• Facebook Inc
• Fusion Informatics Limited
• Google LLC (Alphabet Inc.)
• Intel Corporation
• Microsoft Corporation
• Nvidia Corporation
• Oracle Corporation
• Qualcomm Incorporated
• Samsung Electronics Co. Ltd
• SAP Middle East & North Africa LLC(SAP SE)
• Siemens Middle East Limited (Siemens Ag)

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/gcc-artificial-intelligence-market/requestsample

𝐆𝐂𝐂 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐓𝐲𝐩𝐞:
• Narrow/Weak Artificial Intelligence
• General/Strong Artificial Intelligence

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
• Hardware
• Software
• Service

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐲𝐬𝐭𝐞𝐦:
• Intelligence Systems
• Decision Support Processing
• Hybrid Systems
• Fuzzy Systems

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲:
• Natural Language Processing
• Machine Learning
• Computer Vision
• Context-Aware Computing
• Others

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
• Banking, Financial Services and Insurance (BFSI)
• Technology, Media and Telecommunication
• Transportation and Logistics
• Energy, Mining and Utilities
• Retail and Wholesale Trade
• Construction and Manufacturing
• Education and Healthcare
• Others

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐂𝐨𝐮𝐧𝐭𝐫𝐲:
• United Arab Emirates
• Saudi Arabia
• Oman
• Qatar
• Kuwait
• Bahrain

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂: https://www.imarcgroup.com/gcc-artificial-intelligence-market

𝐆𝐂𝐂 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Presently, the artificial intelligence market in the GCC region is experiencing dynamic growth, primarily driven by supportive government initiatives aimed at economic diversification and digital transformation. Additionally, there has been a notable increase in AI adoption across various sectors like healthcare, finance, and construction, leveraging AI for efficiency and innovation, thus favoring market growth. Key trends include the integration of AI in smart city projects, the rising use of machine learning for data analysis, and the growing significance of AI in enhancing customer experience. Furthermore, substantial investments in AI education and research are nurturing local talent and attracting global AI firms, thus strengthening the region's AI ecosystem and augmenting market growth.

𝐍𝐨𝐭𝐞: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

• https://www.imarcgroup.com/vietnam-hair-care-market
• https://www.imarcgroup.com/vietnam-geospatial-analytics-market
• https://www.imarcgroup.com/vietnam-generic-drugs-market
• https://www.imarcgroup.com/vietnam-generative-ai-market
• https://www.imarcgroup.com/vietnam-gaming-market

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