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Saudi Arabia big data and artificial intelligence market size reached approximately USD 1.30 billion in 2023. The market is projected to grow at a CAGR of 29.8% between 2024 and 2032, reaching a value of around USD 13.58 billion by 2032.
Big data and artificial intelligence are some of the latest technologies utilised for business analytics, data analytics, and automation. Big data usually refers to sets of structured or unstructured data that are massive in size. These data sets are complex in structure, making them tough to solve through conventional methods. Artificial intelligence is a division of computer science where a simulation of human intelligence is created through programming and large datasets.
Based on components, the market is segmented into hardware, software, and service. The Saudi Arabia big data and artificial intelligence market segmentation, based on technology, includes deep learning, machine learning, natural language processing (NLP), and machine vision. The market, based on organisation size, is divided into SMEs and large enterprises. Based on end use, the market divisions include IT and telecom, retail, public and government institutions, BFSI, healthcare, energy, and construction and manufacturing, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia big data and artificial intelligence market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
According to the Saudi Arabia big data and artificial intelligence market analysis, the software segment is expected to experience significant growth during the forecast period. Artificial intelligence software is likely to be increasingly implemented in construction projects such as mega-smart cities. Besides, the oil and gas sector in the country has already established itself as one of the prominent users of big data and artificial intelligence to improve productivity and real-time data analysis.
Public and government institutions are likely to account for a major portion of Saudi Arabia big data and artificial intelligence market share. Within the Middle East, Saudi Arabia is poised to emerge as a frontrunner, driven by its substantial investments in novel technologies and advancements in smart city initiatives. The government's commitment to adopting innovative solutions and fostering smart city growth is anticipated to play a pivotal role in driving the expansion of the overall market in the coming years.
Microsoft Corporation, established in 1975, is considered to be a prominent technological enterprise that has developed a diverse array of software products, services, devices, and solutions. The different types of products in its portfolio include operating systems, server applications, software development tools, business solutions, desktop and server management tools, as well as video games.
Intel Corporation, founded in 1968, is a renowned American technology company that focuses on the development and production of a wide range of hardware and software products. The company is particularly recognised for its central processing units (CPUs), which serve as the brains of many computers and electronic devices worldwide.
Amazon Web Services, Inc., commonly known as AWS, is a pioneer company providing a comprehensive suite of cloud computing services. Founded in 2006, AWS's offerings encompass a diverse range of services, including computing power, storage solutions, databases, machine learning capabilities, analytics, content delivery, and more.
Other Saudi Arabia big data and artificial intelligence market players include NVIDIA Corporation, IBM Corporation, Oracle Corporation, SAP SE, IQVIA Inc., NEC Corporation, and SAS Institute Inc., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Technology |
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Breakup by Organisation Size |
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Breakup by End Use |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Big Data and Artificial Intelligence Market Overview
8.1 Key Industry Highlights
8.2 Global Big Data and Artificial Intelligence Historical Market (2018-2023)
8.3 Global Big Data and Artificial Intelligence Market Forecast (2024-2032)
8.4 Global Big Data and Artificial Intelligence Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Saudi Arabia Big Data and Artificial Intelligence Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia Big Data and Artificial Intelligence Historical Market (2018-2023)
9.3 Saudi Arabia Big Data and Artificial Intelligence Market Forecast (2024-2032)
9.4 Saudi Arabia Big Data and Artificial Intelligence Market by Component
9.4.1 Hardware
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Software
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Service
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.5 Saudi Arabia Big Data and Artificial Intelligence Market by Technology
9.5.1 Deep Learning
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Machine Learning
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Natural Language Processing (NLP)
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Machine Vision
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.6 Saudi Arabia Big Data and Artificial Intelligence Market by Organisation Size
9.6.1 SMEs
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Large Enterprises
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.7 Saudi Arabia Big Data and Artificial Intelligence Market by End Use
9.7.1 IT and Telecom
9.7.1.1 Historical Trend (2018-2023)
9.7.1.2 Forecast Trend (2024-2032)
9.7.2 Retail
9.7.2.1 Historical Trend (2018-2023)
9.7.2.2 Forecast Trend (2024-2032)
9.7.3 Public and Government Institutions
9.7.3.1 Historical Trend (2018-2023)
9.7.3.2 Forecast Trend (2024-2032)
9.7.4 BFSI
9.7.4.1 Historical Trend (2018-2023)
9.7.4.2 Forecast Trend (2024-2032)
9.7.5 Healthcare
9.7.5.1 Historical Trend (2018-2023)
9.7.5.2 Forecast Trend (2024-2032)
9.7.6 Energy
9.7.6.1 Historical Trend (2018-2023)
9.7.6.2 Forecast Trend (2024-2032)
9.7.7 Construction and Manufacturing
9.7.7.1 Historical Trend (2018-2023)
9.7.7.2 Forecast Trend (2024-2032)
9.7.8 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Microsoft Corporation
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Amazon Web Services, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Intel Corporation
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 NVIDIA Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 IBM Corporation
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Oracle Corporation
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 SAP SE
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 IQVIA Inc.
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 NEC Corporation
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio
11.2.9.3 Demographic Reach and Achievements
11.2.9.4 Certifications
11.2.10 SAS Institute Inc.
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio
11.2.10.3 Demographic Reach and Achievements
11.2.10.4 Certifications
11.2.11 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Big Data and Artificial Intelligence Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Big Data and Artificial Intelligence Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Big Data and Artificial Intelligence Historical Market: Breakup by Component (USD Billion), 2018-2023
4. Saudi Arabia Big Data and Artificial Intelligence Market Forecast: Breakup by Component (USD Billion), 2024-2032
5. Saudi Arabia Big Data and Artificial Intelligence Historical Market: Breakup by Technology (USD Billion), 2018-2023
6. Saudi Arabia Big Data and Artificial Intelligence Market Forecast: Breakup by Technology (USD Billion), 2024-2032
7. Saudi Arabia Big Data and Artificial Intelligence Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
8. Saudi Arabia Big Data and Artificial Intelligence Market Forecast: Breakup Organisation Size (USD Billion), 2024-2032
9. Saudi Arabia Big Data and Artificial Intelligence Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. Saudi Arabia Big Data and Artificial Intelligence Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. Saudi Arabia Big Data and Artificial Intelligence Market Structure
In 2023, the market reached an approximate value of USD 1.30 billion.
The market is projected to grow at a CAGR of 29.8% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 13.58 billion by 2032.
The market growth is being driven by the rising focus on the application of the latest technologies for automation and the implementation of educational reforms to enhance students’ expertise in emerging technologies.
The market is guided by the increasing use of big data and artificial intelligence for improving analysis and productivity and the development of smart cities such as NEOM.
The different end-uses are IT and telecom, retail, public and government institutions, BFSI, healthcare, energy, and construction and manufacturing, among others.
The major components of big data and artificial intelligence are hardware, software, and service.
The key players in the market are Microsoft Corporation, Amazon Web Services, Inc., Intel Corporation, NVIDIA Corporation, IBM Corporation, Oracle Corporation, SAP SE, IQVIA Inc., NEC Corporation, and SAS Institute Inc., among others.
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