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GCC Artificial Intelligence Market by Type (Narrow/Weak Artificial Intelligence and General/Strong Artificial Intelligence) by Solutions (Hardware, Software and Service) by System (Intelligence Systems, Decision Support Processing, Hybrid Systems and Fuzzy Systems) by Technology (Natural Language Processing, Machine Learning, Computer Vision, Context-Aware Computing and Others) by End Use: Industry Analysis, Trends, Growth and Forecast 2022-2027



GCC Artificial Intelligence Market Overview:

The GCC artificial intelligence market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027. Artificial intelligence (AI) is a branch of computer science designed to mimic human intelligence to perform various tasks in real-time. It is extensively used for numerous applications, such as voice and handwriting recognition, visual perception, decision-making, and language translation. It offers numerous benefits, including improved productivity, enhanced accuracy, and higher-time efficiency. In recent years, AI has gained momentum due to its utilization in various end-use industries, such as defense, automobile, transportation, trade, healthcare, construction, and banking.

One of the primary factors driving the market is the increasing internet connectivity, along with the growing penetration of IoT-based smart devices. Additionally, the increasing integration of image recognition technology with optical character identification is escalating the demand for AI in self-driving cars, drones, and robots. Other than this, the growing digital dependency, and rising industry 4.0 trends, are other major growth-inducing factors. Besides this, the demand for AI is augmenting on account of the sudden coronavirus disease (COVID-19) outbreak to enhance traditional analytics and decision-making capacities in healthcare institutions. In line with this, the integration of AI with IoT technology (AIoT) enhances operational efficiency, improvises services and solutions, improves IoT scalability, aids in advanced risk management, and minimizes cost and unplanned downtime, which is positively influencing market growth. Furthermore, the emergence of e-commerce platforms in the GCC region has resulted in the deployment of AI-based algorithms to offer better consumer engagement. Apart from this, the continual development of smart infrastructures with rising preferences toward AI-based virtual assistance is accelerating the product adoption rate. Moreover, several government organizations are extensively investing in the expansion of 5G networking, thereby strengthening market growth. Furthermore, various leading key players are significantly investing in research and development (R&D) activities for the upgradation and development of numerous applications of artificial intelligence. These factors are expected to create a positive market outlook in the near future.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC artificial intelligence market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC artificial intelligence market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC artificial intelligence market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC artificial intelligence market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC artificial intelligence market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC artificial intelligence market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC artificial intelligence market industry. Furthermore, the value chain analysis of the GCC artificial intelligence market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Artificial Intelligence Market Segment Insights:

The GCC artificial intelligence market has been analysed as followed:

By Type:

  • Narrow/Weak Artificial Intelligence
  • General/Strong Artificial Intelligence

By Solutions:

  • Hardware
  • Software
  • Service

By System:

  • Intelligence Systems
  • Decision Support Processing
  • Hybrid Systems
  • Fuzzy Systems

 By Technology:

  • Natural Language Processing
  • Machine Learning
  • Computer Vision
  • Context-Aware Computing
  • Others

By End Use Industry:

  • Banking, Financial Services and Insurance (BFSI)
  • Technology, Media and Telecommunication
  • Transportation and Logistics
  • Energy, Mining and Utilities
  • Retail and Wholesale Trade
  • Construction and Manufacturing
  • Education and Healthcare
  • Others

By Country:

  • Saudi Arabia
  • United Arab Emirates
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Artificial Intelligence Market Report:

  • Historical and current scenario
  • Trends and developments
  • Impact of COVID-19
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis

Report Customisation:

The GCC artificial intelligence market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    GCC Artificial Intelligence Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Narrow/Weak Artificial Intelligence    
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    General/Strong Artificial Intelligence
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Solutions
    7.1    Hardware
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Software
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Service
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by System
    8.1    Intelligence Systems
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Decision Support Processing
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Hybrid Systems
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Fuzzy Systems
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Technology
    9.1    Natural Language Processing
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Machine Learning
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Computer Vision
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Context-Aware Computing
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by End Use Industry
    10.1    Banking, Financial Services and Insurance (BFSI)
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Technology, Media and Telecommunication
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Transportation and Logistics
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Energy, Mining and Utilities 
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Retail and Wholesale Trade
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Construction and Manufacturing
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Education and Healthcare
        10.7.1 Market Trends
        10.7.2 Market Forecast
    10.8   Others
        10.8.1 Market Trends
        10.8.2 Market Forecast
11    Market Breakup by Country
    11.1    United Arab Emirates
        11.1.1 Market Trends
        11.1.2 Market Breakup by Type
        11.1.3 Market Breakup by Solutions
        11.1.4 Market Breakup by System
        11.1.5 Market Breakup by Technology
        11.1.6 Market Breakup by End Use Industry
        11.1.7 Market Forecast
    11.2    Saudi Arabia
        11.2.1 Market Trends
        11.2.2 Market Breakup by Type
        11.2.3 Market Breakup by Solutions
        11.2.4 Market Breakup by System
        11.2.5 Market Breakup by Technology
        11.2.6 Market Breakup by End Use Industry
        11.2.7 Market Forecast
    11.3    Oman
        11.3.1 Market Trends
        11.3.2 Market Breakup by Type
        11.3.3 Market Breakup by Solutions
        11.3.4 Market Breakup by System
        11.3.5 Market Breakup by Technology
        11.3.6 Market Breakup by End Use Industry
        11.3.7 Market Forecast
    11.4    Qatar
        11.4.1 Market Trends
        11.4.2 Market Breakup by Type
        11.4.3 Market Breakup by Solutions
        11.4.4 Market Breakup by System
        11.4.5 Market Breakup by Technology
        11.4.6 Market Breakup by End Use Industry
        11.4.7 Market Forecast
    11.5    Kuwait
        11.5.1 Market Trends
        11.5.2 Market Forecast
    11.6    Bahrain
        11.6.1 Market Trends
        11.6.2 Market Forecast
12   SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Accubits Technologies
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Amazon Web Services Inc. (Amazon.com Inc.)
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    Cogtalk
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
        16.3.4    Facebook Inc
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    Fusion Informatics Limited
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
        16.3.6    Google LLC (Alphabet Inc.)
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    Intel Corporation
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8     Microsoft Corporation
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    Nvidia Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    Oracle Corporation
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    Qualcomm Incorporated
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
           16.3.11.4 SWOT Analysis
        16.3.12    Samsung Electronics Co. Ltd.
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
           16.3.12.3 Financials
           16.3.12.4 SWOT Analysis
        16.3.13    SAP Middle East & North Africa LLC (SAP SE)
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio
           16.3.13.3 Financials
           16.3.13.4 SWOT Analysis
        16.3.14   Siemens Middle East Limited (Siemens Ag)
           16.3.14.1 Company Overview
           16.3.14.2 Product Portfolio
           16.3.14.3 Financials
           16.3.14.4 SWOT Analysis

List of Figures
 

Figure 1: GCC: Artificial Intelligence Market: Major Drivers and Challenges
Figure 2: GCC: Artificial Intelligence Market: Sales Value (in Million US$), 2016-2021
Figure 3: GCC: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: GCC: Artificial Intelligence Market: Breakup by Type (in %), 2021
Figure 5: GCC: Artificial Intelligence Market: Breakup by Solutions (in %), 2021
Figure 6: GCC: Artificial Intelligence Market: Breakup by System (in %), 2021
Figure 7: GCC: Artificial Intelligence Market: Breakup by Technology (in %), 2021
Figure 8: GCC: Artificial Intelligence Market: Breakup by End Use Industry (in %), 2021
Figure 9: GCC: Artificial Intelligence Market: Breakup by Country (in %), 2021
Figure 10: GCC: Artificial Intelligence (Narrow/Weak Artificial Intelligence) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: GCC: Artificial Intelligence (Narrow/Weak Artificial Intelligence) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: GCC: Artificial Intelligence (General/Strong Artificial Intelligence) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: GCC: Artificial Intelligence (General/Strong Artificial Intelligence) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: GCC: Artificial Intelligence (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: GCC: Artificial Intelligence (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: GCC: Artificial Intelligence (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: GCC: Artificial Intelligence (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: GCC: Artificial Intelligence (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: GCC: Artificial Intelligence (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: GCC: Artificial Intelligence (Intelligence Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: GCC: Artificial Intelligence (Intelligence Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: GCC: Artificial Intelligence (Decision Support Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: GCC: Artificial Intelligence (Decision Support Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: GCC: Artificial Intelligence (Hybrid Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: GCC: Artificial Intelligence (Hybrid Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: GCC: Artificial Intelligence (Fuzzy Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: GCC: Artificial Intelligence (Fuzzy Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: GCC: Artificial Intelligence (Natural Language Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: GCC: Artificial Intelligence (Natural Language Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: GCC: Artificial Intelligence (Machine learning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: GCC: Artificial Intelligence (Machine learning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: GCC: Artificial Intelligence (Computer Vision) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: GCC: Artificial Intelligence (Computer Vision) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: GCC: Artificial Intelligence (Context-Aware Computing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: GCC: Artificial Intelligence (Context-Aware Computing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: GCC: Artificial Intelligence (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: GCC: Artificial Intelligence (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: GCC: Artificial Intelligence (Banking, Financial Services and Insurance-BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: GCC: Artificial Intelligence (Banking, Financial Services and Insurance-BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: GCC: Artificial Intelligence (Technology and Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: GCC: Artificial Intelligence (Technology and Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: GCC: Artificial Intelligence (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: GCC: Artificial Intelligence (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: GCC: Artificial Intelligence (Energy, Mining and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: GCC: Artificial Intelligence (Energy, Mining and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: GCC: Artificial Intelligence (Retail and Wholesale Trade) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: GCC: Artificial Intelligence (Retail and Wholesale Trade) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: GCC: Artificial Intelligence (Construction and Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: GCC: Artificial Intelligence (Construction and Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: GCC: Artificial Intelligence (Education and Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: GCC: Artificial Intelligence (Education and Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: GCC: Artificial Intelligence (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: GCC: Artificial Intelligence (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Arab Emirates: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Arab Emirates: Artificial Intelligence Market: Breakup by Type (in %), 2021
Figure 56: United Arab Emirates: Artificial Intelligence Market: Breakup by Solutions (in %), 2021
Figure 57: United Arab Emirates: Artificial Intelligence Market: Breakup by System (in %), 2021
Figure 58: United Arab Emirates: Artificial Intelligence Market: Breakup by Technology (in %), 2021
Figure 59: United Arab Emirates: Artificial Intelligence Market: Breakup by End Use Industry (in %), 2021
Figure 60: United Arab Emirates: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Saudi Arabia: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Saudi Arabia: Artificial Intelligence Market: Breakup by Type (in %), 2021
Figure 63: Saudi Arabia: Artificial Intelligence Market: Breakup by Solutions (in %), 2021
Figure 64: Saudi Arabia: Artificial Intelligence Market: Breakup by System (in %), 2021
Figure 65: Saudi Arabia: Artificial Intelligence Market: Breakup by Technology (in %), 2021
Figure 66: Saudi Arabia: Artificial Intelligence Market: Breakup by End Use Industry (in %), 2021
Figure 67: Saudi Arabia: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Oman: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Oman: Artificial Intelligence Market: Breakup by Type (in %), 2021
Figure 70: Oman: Artificial Intelligence Market: Breakup by Solutions (in %), 2021
Figure 71: Oman: Artificial Intelligence Market: Breakup by System (in %), 2021
Figure 72: Oman: Artificial Intelligence Market: Breakup by Technology (in %), 2021
Figure 73: Oman: Artificial Intelligence Market: Breakup by End Use Industry (in %), 2021
Figure 74: Oman: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Qatar: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Qatar: Artificial Intelligence Market: Breakup by Type (in %), 2021
Figure 77: Qatar: Artificial Intelligence Market: Breakup by Solutions (in %), 2021
Figure 78: Qatar: Artificial Intelligence Market: Breakup by System (in %), 2021
Figure 79: Qatar: Artificial Intelligence Market: Breakup by Technology (in %), 2021
Figure 80: Qatar: Artificial Intelligence Market: Breakup by End Use Industry (in %), 2021
Figure 81: Qatar: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Kuwait: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Kuwait: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Bahrain: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Bahrain: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: GCC: Artificial Intelligence Market: SWOT Analysis
Figure 87: GCC: Artificial Intelligence Market: Value Chain Analysis
Figure 88: GCC: Artificial Intelligence Market: Porter’s Five Forces Analysis

List of Tables

Table 1: GCC: Artificial Intelligence Market: Key Industry Highlights, 2021 and 2027
Table 2: GCC: Artificial Intelligence Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: GCC: Artificial Intelligence Market Forecast: Breakup by Solutions (in Million US$), 2022-2027
Table 4: GCC: Artificial Intelligence Market Forecast: Breakup by System (in Million US$), 2022-2027
Table 5: GCC: Artificial Intelligence Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 6: GCC: Artificial Intelligence Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 7: GCC: Artificial Intelligence Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 8: GCC: Artificial Intelligence Market: Competitive Structure
Table 9: GCC: Artificial Intelligence Market: Key Players

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