Saudi Arabia Conversational Ai Market Size & Outlook
The conversational ai market in Saudi Arabia is expected to reach a projected revenue of US$ 1,287.0 million by 2030. A compound annual growth rate of 19.3% is expected of Saudi Arabia conversational ai market from 2024 to 2030.
Revenue, 2023 (US$M)
$374.7
Forecast, 2030 (US$M)
$1,287.0
CAGR, 2024 - 2030
19.3%
Report Coverage
Saudi Arabia
Saudi Arabia conversational ai market, 2017-2030 (US$M)
Related Markets
Saudi Arabia conversational ai market highlights
- The Saudi Arabia conversational ai market generated a revenue of USD 374.7 million in 2023 and is expected to reach USD 1,287.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 19.3% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Managed Services is the most lucrative component segment registering the fastest growth during the forecast period.
Conversational ai market data book summary
| Market revenue in 2023 | USD 374.7 million |
| Market revenue in 2030 | USD 1,287.0 million |
| Growth rate | 19.3% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Managed Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Managed Services, Professional Services |
| Key market players worldwide | Alphabet Inc Class A, Microsoft Corp, Amazon.com Inc, International Business Machines Corp, Oracle Corp, Fidelity National Information Services Inc, SAP SE, Artificial Intelligence Technology Solutions Inc, Zoom Video Communications Inc, Rasa, Nuance Communications, Kore.ai, Avaamo, Conversica, Haptik, Pypestream, Kasisto, Cognigy GmbH |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 4.0% of the global conversational ai 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 conversational ai 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 1,161.9 million by 2030.
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Conversational AI Market Scope
Conversational ai market segmentation & scope
Solution
Managed Services
Training & Consulting
System Integration & Implementation
Support & Maintenance
BFSI
Healthcare
IT & Telecom
Retail & eCommerce
Education
Media & Entertainment
Automotive
Others (Government, Hospitality, Manufacturing, etc.)
Conversational AI Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia conversational ai 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 conversational ai market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 59.43% in 2023. Horizon Databook has segmented the Saudi Arabia conversational ai market based on solution, managed services, professional services covering the revenue growth of each sub-segment from 2017 to 2030.
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Our clientele includes a mix of conversational ai market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia conversational ai market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia conversational ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia conversational ai market size, by component, 2017-2030 (US$M)
Saudi Arabia Conversational AI Market Outlook Share, 2023 & 2030 (US$M)
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