Saudi Arabia Enterprise Generative Ai Market Size & Outlook
The enterprise generative ai market in Saudi Arabia is expected to reach a projected revenue of US$ 312.5 million by 2030. A compound annual growth rate of 36% is expected of Saudi Arabia enterprise generative ai market from 2024 to 2030.
Revenue, 2023 (US$M)
$36.3
Forecast, 2030 (US$M)
$312.5
CAGR, 2024 - 2030
36%
Report Coverage
Saudi Arabia
Saudi Arabia enterprise generative ai market, 2018-2030 (US$M)
Related Markets
Saudi Arabia enterprise generative ai market highlights
- The Saudi Arabia enterprise generative ai market generated a revenue of USD 36.3 million in 2023 and is expected to reach USD 312.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 36% 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.
Enterprise generative ai market data book summary
| Market revenue in 2023 | USD 36.3 million |
| Market revenue in 2030 | USD 312.5 million |
| Growth rate | 36% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.6% of the global enterprise generative 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 enterprise generative ai market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 312.5 million by 2030.
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Enterprise Generative AI Market Scope
Enterprise generative ai market segmentation & scope
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Enterprise Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia enterprise generative ai market size, by components, 2018-2030 (US$M)
Saudi Arabia Enterprise Generative AI Market Outlook Share, 2023 & 2030 (US$M)
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