What is the current Saudi Arabia Big Data And Artificial Intelligence Market size?

In 2024, the Saudi Arabia Big Data And Artificial Intelligence Market size is expected to reach USD 0.38 billion. Read More

Who are the key players in Saudi Arabia Big Data And Artificial Intelligence Market?

Microsoft Corporation, Nvidia Corporation, Amazon Web Services Inc., SAP SE and Intel Corporation are the major companies operating in the Saudi Arabia Big Data And Artificial Intelligence Market. Read More

What years does this Saudi Arabia Big Data And Artificial Intelligence Market cover, and what was the market size in 2023?

In 2023, the Saudi Arabia Big Data And Artificial Intelligence Market size was estimated at USD 0.25 billion. The report covers the Saudi Arabia Big Data And Artificial Intelligence Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Big Data And Artificial Intelligence Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major factors driving the Saudi Arabia Big Data and Artificial Intelligence Industry?

Saudi Arabia Big Data and Artificial Intelligence (AI) Market is driven by a) Government initiatives like Vision 2030 b) Increasing digitalization c) Investment in smart city projects d) Growing need for data analytics in sectors such as healthcare, finance, and retail Read More

Saudi Arabia Big Data And Artificial Intelligence Market Share

Q: How big is the Saudi Arabia Big Data And Artificial Intelligence Market?

The Saudi Arabia Big Data And Artificial Intelligence Market size is expected to reach USD 0.38 billion in 2024 and grow at a CAGR of 34.24% to reach USD 2.19 billion by 2029. Read More

Statistics for the 2023 & 2024 Saudi Arabia Big Data And Artificial Intelligence market share, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Big Data And Artificial Intelligence share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Saudi Arabia Big Data And Artificial Intelligence Industry

Saudi Arabia's Big Data and Artificial Intelligence Market is moderately competitive with significant regional players such as Microsoft Corporation, Nvidia Corporation, Amazon Web Services Inc., SAP SE, and Intel Corporation. The companies leverage strategic collaborative initiatives and acquisitions to increase market share and profitability.

In January 2024, Google and Intel discussed strategic partnerships with Saudi Arabia in various fields, such as Artificial Intelligence (AI) and Cloud Computing. Google has planned to launch Google for Startups Cloud Program in the first quarter of 2024. This supported Saudi SMEs with technical assistance, dedicated mentors, and industry experts while potentially receiving cloud credits of up to USD 200,000.

In November 2023, Riyadh Air and Microsoft announced signing a Memorandum of Understanding to achieve innovation across Saudi Arabia's aviation sector. Under this agreement, Riyadh Air has selected Microsoft's Azure cloud platform as its preferred platform. It will deploy a highly secure and reliable platform to boost operational efficiency and customer service. Both organizations leverage each other's capabilities in big data, artificial intelligence, copilot experiences, the Metaverse, and virtual reality to enhance Riyadh Air's offerings, services, and operational models.

In October 2023, Lunit, South Korea's prominent medical artificial intelligence service offering company, announced its plans to reinforce a partnership with the government of Saudi Arabia to bring virtual hospitals to countries in the Middle East. Saudi Vision 2030 project is boosting the virtual hospital initiative. Saudi Vision 2030 is a national project to expand the nation's economy and nurture its public service segments, such as education, health, and tourism, instead of relying exclusively on the oil business.