“GCC Artificial Intelligence Market Report: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC artificial intelligence market based on its segments including type, solutions, system, technology, end use Industry and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.

Report Metrics

Historical Year: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

Artificial Intelligence (AI) refers to a branch of computer science that aims to simulate human intelligence for developing programmable machines. It includes numerous hardware components, such as chipsets with high computing capabilities, Application-specific Integrated Circuits (ASIC), Graphics Processing Unit (GPU), Central Processing Unit (CPU), etc. The software components consist of core technologies such as machine learning, deep learning, natural language processing, etc., that can process large amounts of data. Artificial intelligence offers several benefits, like improved accuracy, adaptability, and productivity. As a result, it is extensively utilized in various industries, including automotive, agriculture, retail, public security, manufacturing, etc., across the globe.

Note: The study incorporates COVID-19’s direct market impact as well as the indirect effects of related industries on the GCC artificial intelligence market. These insights are regularly updated by the subject matter experts at Syndicated Analytics.

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GCC Artificial Intelligence Industry Trends and Drivers:

The expanding Information Technology (IT) industry and the increasing penetration of IoT-based smart devices are primarily driving the GCC artificial intelligence market. In addition to this, rapid digitization across numerous sectors, including telecommunication, healthcare, automotive, etc., has escalated the utilization of AI-integrated systems, which is further augmenting the market growth. Moreover, the advent of 5G infrastructures and the rising need for smart virtual assistants are also bolstering the demand for AI. Besides this, various e-commerce platforms are integrating AI-based algorithms, recommendation engines, chatbots, etc., to improve customer engagement, which is further catalyzing the market growth. Moreover, the growing integration of image recognition technology with optical character identification is further propelling the demand for artificial intelligence in drones and self-driving cars. This, in turn, is acting as another significant growth-inducing factor. Additionally, the emergence of AI-powered industrial and surgical robots is projected to drive the GCC artificial intelligence market over the forecasted period.

GCC Artificial Intelligence Market Segmentation:

The market is segmented in on the basis of type, solutions, system, technology, end use Industry and region.

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 Region

• • • Saudi Arabia

    • United Arab Emirates

    • Qatar

    • Kuwait

    • Oman

    • Bahrain

The key regions covered in the market report are Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain. Moreover, the report also focuses on factors that strengthen revenue potential, demand, and consumption patterns in the market.

Competitive Landscape:

The report also provides insights on the competitive landscape of the GCC artificial intelligence industry with the leading players profiled in the report.

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