Saudi Arabia Artificial Intelligence Market Size & Outlook
Saudi Arabia artificial intelligence market, 2017-2030 (US$M)
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Saudi Arabia artificial intelligence market highlights
- The Saudi Arabia artificial intelligence market generated a revenue of USD 4,460.0 million in 2023 and is expected to reach USD 60,579.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 45.2% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Artificial intelligence market data book summary
| Market revenue in 2023 | USD 4,460.0 million |
| Market revenue in 2030 | USD 60,579.1 million |
| Growth rate | 45.2% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Advanced Micro Devices Inc, AiCure, ARM Holdings PLC ADR, Baidu Inc ADR, Alphabet Inc Class A, International Business Machines Corp, Intel Corp, Microsoft Corp, NVIDIA Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.3% of the global artificial intelligence market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia artificial intelligence market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 54,693.6 million by 2030.
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Artificial Intelligence Market Scope
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia artificial intelligence 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 artificial intelligence market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 35.88% in 2023. Horizon Databook has segmented the Saudi Arabia artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia artificial intelligence market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia artificial intelligence market size, by solution, 2017-2030 (US$M)
Saudi Arabia Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
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