UAE Machine Learning Market Size & Outlook, 2023-2030
UAE machine learning market, 2018-2030 (US$M)
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UAE machine learning market highlights
- The UAE machine learning market generated a revenue of USD 1,237.7 million in 2023 and is expected to reach USD 2,408.8 million by 2030.
- The UAE market is expected to grow at a CAGR of 10% 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 1,237.7 million |
| Market revenue in 2030 | USD 2,408.8 million |
| Growth rate | 10% (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, UAE accounted for 2.4% 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.
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Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 52.7% in 2023. Horizon Databook has segmented the UAE machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE government has launched several programs to promote AI's growth and integration into the nation's economy and society in recognition of the technology's transformative potential. The UAE is renowned for its large-scale smart city initiatives, such as Dubai's Smart City program.
To improve city services, urban planning, and general efficiency, machine learning algorithms are used to analyze vast amounts of data from numerous sources, including IoT sensors and devices.
Medical image analysis, disease diagnosis, and individualized treatment plans are all made possible by machine learning in the healthcare industry. Technology enables doctors to develop more precise diagnoses and patient-specific treatment plans.
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Target buyers of UAE machine learning market databook
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Our clientele includes a mix of machine learning market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 UAE machine learning market , including forecasts for subscribers. This country databook contains high-level insights into UAE machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE machine learning market size, by component, 2018-2030 (US$M)
UAE Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
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