Saudi Arabia Generative Ai Market Size & Outlook
Saudi Arabia generative ai market, 2017-2030 (US$M)
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Saudi Arabia generative ai market highlights
- The Saudi Arabia generative ai market generated a revenue of USD 227.3 million in 2024 and is expected to reach USD 1,272.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 27.8% 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.
Generative ai market data book summary
| Market revenue in 2024 | USD 227.3 million |
| Market revenue in 2030 | USD 1,272.8 million |
| Growth rate | 27.8% (CAGR from 2024 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Saudi Arabia accounted for 1.3% of the global generative ai market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa generative ai market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,960.3 million by 2030.
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Generative AI Market Scope
Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 64.58% in 2024. Horizon Databook has segmented the Saudi Arabia generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Saudi Arabia has been investing heavily in computer vision technology in recent years, recognizing the potential impact of this technology on various industries, such as healthcare, transportation, and security. The country has also been attracting significant investment in this field, both from domestic and foreign investors.
The Saudi Arabian government has been investing in computer vision technology through its Vision 2030 initiative, which aims to diversify the country's economy and reduce its reliance on oil. As part of this initiative, the government has been investing in various sectors, including technology and innovation, with a particular focus on artificial intelligence and machine learning.
The country has so established various technology hubs, such as the King Abdullah University of Science and Technology (KAUST) in Jeddah, which has a strong focus on computer vision research.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia generative ai market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia generative ai market size, by component, 2017-2030 (US$M)
Saudi Arabia Generative AI Market Outlook Share, 2024 & 2030 (US$M)
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