Middle East & Africa Machine Learning Market Size & Outlook
Middle East & Africa machine learning market, 2018-2030 (US$M)
Related Markets
MEA machine learning market highlights
- The MEA machine learning market generated a revenue of USD 4,389.4 million in 2023.
- The market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component 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 4,389.4 million |
| Market revenue in 2030 | USD 10,528.6 million |
| Growth rate | 13.3% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| 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 | Solution, Services |
| Key market players worldwide | Amazon.com Inc, Baidu Inc ADR, Alphabet Inc Class A, Hewlett Packard Enterprise Co, Intel Corp, International Business Machines Corp, Microsoft Corp, SAS, SAP SE |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.4% of the global machine learning market in 2023.
- Globally, Asia Pacific 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 191,866.5 million by 2030.
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Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa machine learning 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 machine learning market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 52.77% in 2023. Horizon Databook has segmented the Middle East & Africa machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Several cities in the MEA area are aggressively embracing AI to create smart and sustainable urban environments. AI is used to regulate traffic, optimize energy use, and improve public safety, leading to more effective and secure cities.
For instance, Dubai has implemented intelligent traffic management systems powered by AI that evaluate traffic patterns and optimize signal timings using real-time data from traffic cameras and sensors, effectively reducing congestion and improving overall transportation efficiency.
The Middle East and Africa (MEA) area emphasizes developing Arabic language processing in AI technologies because of its unique linguistic environment. This includes accurately comprehending and producing Arabic text and speech using natural language processing (NLP) and speech recognition. The MEA region's governments promote AI through various initiatives, policies, and funding programs.
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Our clientele includes a mix of machine learning market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa machine learning market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA machine learning market size, by country, 2018-2030 (US$M)
Middle East & Africa Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
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