Saudi Arabia Big Data & AI Solutions Market to Exhibit a Remarkable CAGR of 32% by 2030
Saudi Arabia Big Data & AI Solutions Market Overview and Insights:
According to Markntel Advisors Report, Saudi Arabia Big Data & AI Solutions Market size was valued at around USD 0.32 billion in 2024 and is projected to reach USD 1.7 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 32% during the forecast period (2025-30).
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Industry Growth Driver:
Government Initiatives & Vision 2030 Driving Market Growth – Government projects and initiatives such as Vision 2030 are projected to improve and modernize the financial system of the country which is expected to promote a knowledge-driven society. This society will contribute significantly to the expansion of the big data and AI solutions Market in the country. Encouraging digital innovation across industries such as; healthcare, education, finance, and energy is an essential aspect of this objective. Along with it, the government too focusing on creating a strong and advanced digital environment in the country that will be the combination of global technology companies, and local startups, and increasing the engagement of AI-related services. It is projected that AI will generate an economic effect of USD 320 billion in the Middle East by 2030, with Saudi Arabia accounting for USD 135 billion.
What is Included in Saudi Arabia Big Data & AI Solutions Market Segmentation?
The report has segmented the market into the following categories:
By Organization Size
– Small & Medium Enterprises (SMEs)- Market Size & Forecast 2020-2030, USD Million
– Large Enterprises- Market Size & Forecast 2020-2030, USD Million
By Application
– Predictive Maintenance- Market Size & Forecast 2020-2030, USD Million
– Customer Experience Management- Market Size & Forecast 2020-2030, USD Million
– Fraud Detection & Risk Management- Market Size & Forecast 2020-2030, USD Million
– Marketing Analysis- Market Size & Forecast 2020-2030, USD Million
– Workforce Optimization- Market Size & Forecast 2020-2030, USD Million
– Smart City Solutions- Market Size & Forecast 2020-2030, USD Million
– Healthcare Diagnostics- Market Size & Forecast 2020-2030, USD Million
– Others- Market Size & Forecast 2020-2030, USD Million
By Technology
– Machine Learning- Market Size & Forecast 2020-2030, USD Million
– Natural Language Processing- Market Size & Forecast 2020-2030, USD Million
– Data Mining- Market Size & Forecast 2020-2030, USD Million
– Data Visualization- Market Size & Forecast 2020-2030, USD Million
– Deep Learning- Market Size & Forecast 2020-2030, USD Million
By Component
– Hardware- Market Size & Forecast 2020-2030, USD Million
– Software- Market Size & Forecast 2020-2030, USD Million
– Service- Market Size & Forecast 2020-2030, USD Million
– By Deployment Mode
– On-Premise- Market Size & Forecast 2020-2030, USD Million
– Cloud Based- Market Size & Forecast 2020-2030, USD Million
– Hybrid- Market Size & Forecast 2020-2030, USD Million
By End User
– IT & Telecom- Market Size & Forecast 2020-2030, USD Million
– Retail- Market Size & Forecast 2020-2030, USD Million
– Public & Government Institutions- Market Size & Forecast 2020-2030, USD Million
– BFSI- Market Size & Forecast 2020-2030, USD Million
– Healthcare- Market Size & Forecast 2020-2030, USD Million
– Energy- Market Size & Forecast 2020-2030, USD Million
– Construction & Manufacturing- Market Size & Forecast 2020-2030, USD Million
– Others (Education, Tourism, Transportation, etc.)- Market Size & Forecast 2020-2030, USD Million
Of all these end-user categories, the BFSI sector holds the largest market share of around 35% in the big data and AI solutions industry in Saudi Arabia. This is due to the growing use of advanced technology to improve client satisfaction, increase performance, and manage risks effectively. According to Saudi Arabia’s Vision 2030 initiative, the banking and finance sector is seeing significant transformation towards digitalization, incorporating AI technologies such as; predictive analytics, fraud detection, and automated customer support. Efforts like Fintech Saudi are helping to boost this growth by advocating for digital financial services and making AI integration easier.
By Region
– Northern
– Central
– Southern
– Eastern
– Western
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Who are the Key Players Operating in the Saudi Arabia Big Data & AI Solutions Industry?
The top companies of the Saudi Arabia Big Data & AI Solutions market ruling the industry are:
- Microsoft Corporation
- Nvidia Corporation
- Amazon Web Services Inc.
- SAP SE
- Intel Corporation
- Oracle Corporation
- IQVIA
- Nala.ai
- IBM Corporation
- NEC Corporation
- SAS Institute Inc.
- Teradata Corporation
- Qlik
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FAQs (Frequently Ask Questions)
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