GCC Artificial Intelligence (AI) Market, By Solution (Hardware, Software, Services); By Technology (Deep Learning (DL), Machine Learning (ML), Natural Language Processing (NLP), Machine Vision); By End Use (Healthcare, BFSI, Law, Retail, Advertising & Med

GCC Artificial Intelligence (AI) Market, By Solution (Hardware, Software, Services); By Technology (Deep Learning (DL), Machine Learning (ML), Natural Language Processing (NLP), Machine Vision); By End Use (Healthcare, BFSI, Law, Retail, Advertising & Media); By Country (Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


GCC Artificial Intelligence (AI) Market Size almost Doubles to Cross USD 16.2 Billion by 2029

GCC artificial intelligence (AI) market is flourishing because of the growing investments in AI systems, an increasing demand for intelligent systems, and rising adoption of cloud technology.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Gulf Cooperation Council (GCC) artificial intelligence (AI) market size at USD 8.6 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the GCC artificial intelligence (AI) market size to grow at a significant CAGR of 11.21% reaching a value of USD 16.2 billion by 2029. Major growth drivers for the GCC artificial intelligence market include the increased investments, governments’ supportive initiatives, and a growing focus on digital transformation. Governments in the region recognize AI's potential and launch initiatives to foster innovation and regulatory support. Embracing Industry 4.0, the GCC integrates AI, IoT, and automation for improved manufacturing and supply chain efficiency. The region's data proliferation enables robust AI models, while growing investments in AI startups and research centers fuel innovation and deployment across sectors. These factors contribute to the market's expansion as AI applications span various industries. However, high implementation costs of artificial intelligence solutions are anticipated to restrain the overall market growth during the period in analysis.

GCC Artificial Intelligence Market – Overview

The GCC artificial intelligence (AI) market refers to the economic ecosystem and activities related to the development, deployment, and adoption of AI technologies and solutions within the Gulf Cooperation Council (GCC) region. The GCC consists of six Middle East countries: Saudi Arabia, United Arab Emirates (UAE), Kuwait, Qatar, Bahrain, and Oman. The market encompasses various aspects, including AI research, investments in AI startups and companies, government initiatives promoting AI adoption, AI-related products and services offered by businesses, and the integration of AI technologies into various industries and sectors. The aim is to leverage AI's capabilities to drive digital transformation, enhance operational efficiency, improve customer experiences, and address complex challenges in healthcare, finance, transportation, energy, and other industries within the GCC region.

Impact of COVID-19 on GCC Artificial Intelligence (AI) Market

COVID-19 pandemic had a mixed impact on the GCC artificial intelligence (AI) market. On the one hand, it accelerated the adoption of AI technologies in healthcare for diagnostics, drug discovery, and patient care. AI-powered chatbots also played a crucial role in providing information and support during the crisis. On the other hand, the pandemic disrupted supply chains, leading to a temporary slowdown in AI investments in non-essential sectors. However, the crisis highlighted AI's potential in addressing challenges, driving the region's focus towards AI-driven solutions for resilience and digital transformation. Post-pandemic, the GCC AI market rebounded and continued its growth trajectory.

GCC Artificial Intelligence (AI) Market – By Solution

By solution, the GCC artificial intelligence (AI) market is divided into Hardware, Software, and Services segments. The software segment held the highest market share in 2022 in the GCC AI market by solution, due to remarkable advancements in information storage capacity, robust computing power, and parallel processing capabilities, enabling the delivery of high-end services. The ability to extract data, offer real-time insights, and support decision-making has positioned the software segment at the forefront of market dominance. AI software solutions encompass a wide range of libraries designed to develop and implement AI applications, including primitives, linear algebra, inference, sparse matrices, video analytics, and various hardware communication capabilities. The growing need for enterprises to comprehend and analyze visual content to gain meaningful insights is expected to drive the adoption of AI software in the forecast period. To optimize operational costs and drive higher profits, businesses are increasingly embracing AI services. Artificial Intelligence as a Service (AIaaS) has become a crucial tool for companies seeking a competitive edge through cloud-based AI capabilities. AI services encompass installation, integration, maintenance, and support tasks, and this segment is projected to witness significant growth in the coming years. Within AI hardware, chipsets like GPUs (Graphics Processing Units), CPUs, application-specific integrated circuits (ASICs), and field-programmable gate arrays (FPGAs) play a pivotal role. Presently, GPUs and CPUs dominate the AI hardware market due to their unparalleled computing capabilities, which are essential for AI frameworks.

Competitive Landscape

Major players operating in the GCC artificial intelligence (AI) market include Meta, Amazon Web Services, Inc., Microsoft, Samsung Electronics Co., Ltd, IBM Corporation, Google, Baidu, Inc., Cbot, Cisco Systems, Inc., CSP Solution, Dece Software Inc., Dilenytech, Huawei Technologies Co., Ltd, Hyperlink Infosystem, and Intel Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Artificial Intelligence (AI) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Artificial Intelligence (AI) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. GCC Artificial Intelligence (AI) Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Growing Investments in Artificial Intelligence Systems
3.2.1.2. Rise in Demand for Intelligent Systems
3.2.1.3. Rising Adoption of Cloud Technology
3.2.2. Restraints
3.2.2.1. High Implementation Cost of Artificial Intelligence (AI) Solutions
3.2.3. Opportunities
3.2.3.1. Growth in Ethical AI Development to Boost Adoption of AI Technology
3.2.4. Challenges
3.2.4.1. Lack of Technical Expertise
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. GCC Artificial Intelligence (AI) Market Overview
4.1. Market Size & Forecast by Value, 2019–2029
4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
4.2.1. By Solution
4.2.1.1. Hardware
4.2.1.2. Software
4.2.1.3. Services
4.2.2. By Technology
4.2.2.1. Deep Learning (DL)
4.2.2.2. Machine Learning (ML)
4.2.2.3. Natural Language Processing (NLP)
4.2.2.4. Machine Vision
4.2.3. By End Use
4.2.3.1. Healthcare
4.2.3.2. BFSI
4.2.3.3. Law
4.2.3.4. Retail
4.2.3.5. Advertising & Media
4.2.4. By Country
4.2.4.1. Saudi Arabia
4.2.4.2. UAE
4.2.4.3. Qatar
4.2.4.4. Bahrain
4.2.4.5. Kuwait
4.2.4.6. Oman
5. Saudi Arabia Artificial Intelligence (AI) Market Overview
5.1. Market Size & Forecast by Value, 2019–2029
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Solution
5.2.2. By Technology
5.2.3. By End Use
6. UAE Artificial Intelligence (AI) Market Overview
6.1. Market Size & Forecast by Value, 2019–2029
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Solution
6.2.2. By Technology
6.2.3. By End Use
7. Qatar Artificial Intelligence (AI) Market Overview
7.1. Market Size & Forecast by Value, 2019–2029
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Solution
7.2.2. By Technology
7.2.3. By End Use
8. Bahrain Artificial Intelligence (AI) Market Overview
8.1. Market Size & Forecast by Value, 2019–2029
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Solution
8.2.2. By Technology
8.2.3. By End Use
9. Kuwait Artificial Intelligence (AI) Market Overview
9.1. Market Size & Forecast by Value, 2019–2029
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Solution
9.2.2. By Technology
9.2.3. By End Use
10. Oman Artificial Intelligence (AI) Market Overview
10.1. Market Size & Forecast by Value, 2019–2029
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Solution
10.2.2. By Technology
10.2.3. By End Use
11. Rest of GCC Artificial Intelligence (AI) Market Overview
11.1. Market Size & Forecast by Value, 2019–2029
11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
11.2.1. By Solution
11.2.2. By Technology
11.2.3. By End Use
12. Competitive Landscape
12.1. List of Key Players and Their Offerings
12.2. Market Share Analysis, 2022
12.3. Competitive Benchmarking, By Operating Parameters
12.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
13. Impact of Covid-19 on GCC Artificial Intelligence (AI) Market
14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
14.1. Meta
14.2. Amazon Web Services, Inc
14.3. Microsoft
14.4. Samsung Electronics Co., Ltd.
14.5. IBM Corporation
14.6. Google
14.7. Baidu, Inc.
14.8. Cbot
14.9. Cisco Systems, Inc.
14.10. CSP Solution
14.11. Dece Software Inc.
14.12. Dilenytech
14.13. Huawei Technologies Co., Ltd.
14.14. Hyperlink Infosystem
14.15. Intel Corporation
14.16. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
16.1. Qualitative Research
16.1.1. Primary & Secondary Research
16.2. Quantitative Research
16.3. Market Breakdown & Data Triangulation
16.3.1. Secondary Research
16.3.2. Primary Research
16.4. Breakdown of Primary Research Respondents, By Region
16.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 GCC Artificial Intelligence (AI) Market Segmentation
Figure 2 GCC Artificial Intelligence (AI) Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 GCC Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029
Figure 5 GCC Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029
Figure 6 GCC Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029
Figure 7 GCC Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029
Figure 8 GCC Artificial Intelligence (AI) Market Share, By Country, By Value, 2019–2029
Figure 9 Saudi Arabia Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029
Figure 10 Saudi Arabia Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029
Figure 11 Saudi Arabia Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029
Figure 12 Saudi Arabia Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029
Figure 13 UAE Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029
Figure 14 UAE Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029
Figure 15 UAE Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029
Figure 16 UAE Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029
Figure 17 Qatar Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029
Figure 18 Qatar Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029
Figure 19 Qatar Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029
Figure 20 Qatar Artificial Intelligence (AI) Market Share, By 1Technology, By Value, 2019–2029
Figure 21 Bahrain Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029
Figure 22 Bahrain Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029
Figure 23 Bahrain Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029
Figure 24 Kuwait Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029
Figure 25 Kuwait Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029
Figure 26 Kuwait Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029
Figure 27 Kuwait Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029
Figure 28 Oman Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019–2029
Figure 29 Oman Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019–2029
Figure 30 Oman Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2029
Figure 31 Oman Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019–2029
Figure 32 Rest of GCC Artificial Intelligence (AI) Market Size, By Value (USD Billion), 2019−2029
Figure 33 Rest of GCC Artificial Intelligence (AI) Market Share, By Solution, By Value, 2019−2029
Figure 34 Rest of GCC Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019−2029
Figure 35 Rest of GCC Artificial Intelligence (AI) Market Share, By End Use, By Value, 2019−2029
List of Tables
Table 1 GCC Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029
Table 2 GCC Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029
Table 3 GCC Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029
Table 4 GCC Artificial Intelligence (AI) Market Size, By Country, By Value, 2019–2029
Table 5 Saudi Arabia Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029
Table 6 Saudi Arabia Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029
Table 7 Saudi Arabia Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029
Table 8 UAE Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029
Table 9 UAE Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029
Table 10 UAE Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029
Table 11 Qatar Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029
Table 12 Qatar Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029
Table 13 Qatar Artificial Intelligence (AI) Market Size, By1Technology, By Value, 2019–2029
Table 14 Bahrain Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029
Table 15 Bahrain Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029
Table 16 Kuwait Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029
Table 17 Kuwait Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029
Table 18 Kuwait Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029
Table 19 Oman Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019–2029
Table 20 Oman Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2029
Table 21 Oman Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019–2029
Table 22 Rest of GCC Artificial Intelligence (AI) Market Size, By Solution, By Value, 2019−2029
Table 23 Rest of GCC Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019−2029
Table 24 Rest of GCC Artificial Intelligence (AI) Market Size, By End Use, By Value, 2019−2029
Table 25 Meta Company Overview
Table 26 Meta Financial Overview
Table 27 Amazon Web Services, Inc Company Overview
Table 28 Amazon Web Services, Inc Financial Overview
Table 29 Microsoft Company Overview
Table 30 Microsoft Financial Overview
Table 31 Samsung Electronics Co., Ltd. Company Overview
Table 32 Samsung Electronics Co., Ltd. Financial Overview
Table 33 IBM Corporation Company Overview
Table 34 IBM Corporation Financial Overview
Table 35 Google Company Overview
Table 36 Google Financial Overview
Table 37 Baidu, Inc. Company Overview
Table 38 Baidu, Inc. Financial Overview
Table 39 Cbot Company Overview
Table 40 Cbot Financial Overview
Table 41 Cisco Systems, Inc. Company Overview
Table 42 Cisco Systems, Inc. Financial Overview
Table 43 CSP Solution Company Overview
Table 44 CSP Solution Financial Overview
Table 45 Dece Software Inc. Company Overview
Table 46 Dece Software Inc. Financial Overview
Table 47 Dilenytech Company Overview
Table 48 Dilenytech Financial Overview
Table 49 Huawei Technologies Co., Ltd. Company Overview
Table 50 Huawei Technologies Co., Ltd. Financial Overview
Table 51 Hyperlink Infosystem Company Overview
Table 52 Hyperlink Infosystem Financial Overview
Table 53 Intel Corporation Company Overview
Table 54 Intel Corporation Financial Overview

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