Middle East & Africa Generative Ai Market Size & Outlook
Middle East & Africa generative ai market, 2017-2030 (US$M)
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MEA generative ai market highlights
- The MEA generative ai market generated a revenue of USD 961.0 million in 2024.
- The market is expected to grow at a CAGR of 29% from 2025 to 2030.
- In terms of segment, software was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 961.0 million |
| Market revenue in 2030 | USD 5,752.9 million |
| Growth rate | 29% (CAGR from 2024 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Ai Holdings Corp, Amazon.com Inc, International Business Machines Corp, Alphabet Inc Class A, Microsoft Corp, Adobe Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.7% of the global generative ai market in 2024.
- 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 37,546.8 million by 2030.
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Generative AI Market Scope
Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa generative 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 generative ai market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 64.66% in 2024. Horizon Databook has segmented the Middle East & Africa generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The region has an underdeveloped technology infrastructure; as per the United Nations Conference on Trade and Development (UNCTAD), the northern Africa and sub-Saharan Africa geographic groups ranked lowest in the technology readiness index 2021.
As per the International Monetary Fund (IMF), the Middle East GDP (current prices) is USD 4.8 trillion, and the real GDP growth rate is 5.4% as of 2022. The sub-Saharan African region's GDP (current prices) is USD 2.1 trillion, and the real GDP growth rate is 3.7% as of 2022.
The demand for generative Al is growing for business development in the MEA region. As per the International Research Centre in Artificial Intelligence (IRCAI)'s report on Artificial Intelligence (AI) in sub-Saharan Africa, respondents from African countries said that the sectors that have the most demand for Al applications were financial services, commercial enterprises, and healthcare.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa generative ai market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA generative ai market size, by country, 2017-2030 (US$M)
Middle East & Africa Generative AI Market Outlook Share, 2024 & 2030 (US$M)
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