Middle East & Africa Ai Trust, Risk And Security Management Market Size & Outlook
Middle East & Africa ai trust, risk and security management market, 2018-2030 (US$M)
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MEA ai trust, risk and security management market highlights
- The MEA ai trust, risk and security management market generated a revenue of USD 186.8 million in 2023.
- The market is expected to grow at a CAGR of 23% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 186.8 million |
| Market revenue in 2030 | USD 796.6 million |
| Growth rate | 23% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | AT&T, International Business Machines Corp, SAP SE, ServiceNow Inc, Hewlett Packard Enterprise Co, LogicManager, Dell Technologies Inc Ordinary Shares - Class C, SAS AB |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.5% of the global ai trust, risk and security management market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,345.1 million by 2030.
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AI Trust, Risk And Security Management Market Scope
AI Trust, Risk And Security Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa ai trust, risk and security management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai trust, risk and security management market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 66.92% in 2023. Horizon Databook has segmented the Middle East & Africa ai trust, risk and security management market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The potential economic impact of AI on regional economic growth is considerable, with an anticipated annual growth in the economic contribution of AI ranging from 20% to 34% across the region. The highest growth rates are expected in the UAE and Saudi Arabia.
The proliferation of national AI strategies, the establishment of dedicated departments, and the initiation of various AI-related initiatives highlight the pivotal role of AI in driving economic transformation in the region.
The region is characterized by a government-led investment strategy that aims to stimulate the emerging technology sectors. AI strategies outlined by countries in the Middle East and Africa (MEA) emphasize the nurturing of AI talent and the creation of a conducive business environment for AI. However, there is a lag in implementing policies that ensure the responsible use of AI.
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Our clientele includes a mix of ai trust, risk and security management market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ai trust, risk and security management market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ai trust, risk and security management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ai trust, risk and security management market size, by country, 2018-2030 (US$M)
Middle East & Africa AI Trust, Risk And Security Management Market Outlook Share, 2023 & 2030 (US$M)
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