Saudi Arabia Machine Learning Market Size & Outlook
Saudi Arabia machine learning market, 2018-2030 (US$M)
Related Markets
Saudi Arabia machine learning market highlights
- The Saudi Arabia machine learning market generated a revenue of USD 1,815.6 million in 2023 and is expected to reach USD 4,546.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 14% 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.
Machine learning market data book summary
| Market revenue in 2023 | USD 1,815.6 million |
| Market revenue in 2030 | USD 4,546.5 million |
| Growth rate | 14% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 3.5% of the global machine learning market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia machine learning 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 4,546.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 52.69% in 2023. Horizon Databook has segmented the Saudi Arabia machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The combination of machine intelligence and analytics-driven solutions is a growing market trend. The development of self-driving cars and significant expenditures in artificial intelligence fuel Saudi Arabia's growing machine-learning business.
The capacity of a machine to mimic intelligent behavior is a feature of artificial intelligence known as machine learning (ML). Saudi Arabia is creating an AI-friendly ecosystem with high-speed broadband and 5G deployment, data access, and security. In March last years, The Communications and Information Technology Commission (CITC) of Saudi Arabia moved on with its fifth generation (5G) technology deployment plan.
The CITC, in collaboration with the UK business Stratospheric Platforms Limited, conducted a successful testing of the High-Altitude Platform System, which delivers 5G network coverage from the stratosphere.
Reasons to subscribe to Saudi Arabia machine learning market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Saudi Arabia machine learning market databook
-
Our clientele includes a mix of machine learning market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia machine learning market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia machine learning market size, by component, 2018-2030 (US$M)
Saudi Arabia Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
