Middle East & Africa Enterprise Generative Ai Market Size & Outlook
The enterprise generative ai market in Middle East & Africa is expected to reach a projected revenue of US$ 1,041.9 million by 2030. A compound annual growth rate of 34.7% is expected of Middle East & Africa enterprise generative ai market from 2024 to 2030.
Revenue, 2023 (US$M)
$129.8
Forecast, 2030 (US$M)
$1,041.9
CAGR, 2024 - 2030
34.7%
Report Coverage
Middle East & Africa
Middle East & Africa enterprise generative ai market, 2018-2030 (US$M)
Related Markets
MEA enterprise generative ai market highlights
- The MEA enterprise generative ai market generated a revenue of USD 129.8 million in 2023.
- The market is expected to grow at a CAGR of 34.7% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating components in 2023.
- Services is the most lucrative components segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 129.8 million |
| Market revenue in 2030 | USD 1,041.9 million |
| Growth rate | 34.7% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| 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 | Software, Services |
| Key market players worldwide | Amazon Web Services, Alphabet Inc Class A, H2O.ai, International Business Machines Corp, Intel Corp, Jasper, NVIDIA Corp, OpenAI, Oracle Corp, Synthesis AI |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.8% of the global enterprise generative ai market in 2023.
- Globally, North America 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 6,800.3 million by 2030.
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Enterprise Generative AI Market Scope
Enterprise generative ai market segmentation & scope
Others
Enterprise Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA enterprise generative ai market size, by country, 2018-2030 (US$M)
Middle East & Africa Enterprise Generative AI Market Outlook Share, 2023 & 2030 (US$M)
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