MENA Artificial Intelligence Market Exhibiting At A CAGR Of 44.8% From 2024 To 2030Posted by Neha Bora on March 7th, 2024 San Francisco, 7 March 2024: The Report MENA Artificial Intelligence Market Size, Share & Trends Analysis Report By Solution (Hardware, Software & Services), By Technology, By End-use, By Region, And Segment Forecasts, 2024 - 2030 The MENA artificial intelligence market size is expected to reach USD 166.33 billion by 2030, projected to grow at a CAGR of 44.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Various cities in the MEA region are actively embracing AI to build smart and sustainable urban environments. AI finds application in traffic management, energy optimization, and public safety, fostering more efficient and secure cities. For instance, Dubai has deployed AI-powered smart traffic control systems that utilize real-time data from traffic cameras and sensors to analyze traffic patterns and optimize signal timings, effectively reducing congestion and enhancing overall transportation efficiency. The MEA region's governments promote AI through various initiatives, policies, and funding programs. National AI strategies aim to support AI research, development, and adoption to drive economic growth and innovation. For instance, the UAE launched the AI Strategy 2031 to become a global AI leader by investing in research, talent, and integration across education, healthcare, transportation, and public services. Moreover, Middle East and Africa (MEA) emphasizes advancing the use of Arabic language processing in AI technologies owing to the region’s diverse linguistic aspects. This emphasis includes improving Natural Language Processing (NLP) and speech recognition capabilities, enabling more accurate interpretation and generation of Arabic text and speech. Governments in Saudi Arabia are actively promoting Artificial Intelligence (AI) through a range of initiatives, policies, and financial support programs. For instance, the Saudi Data and AI Authority (SDAIA) is a government agency to help Saudi Arabia create an AI ecosystem of government and private sector entities. SDAIA deploys innovative AI solutions, which comprise strategies for combining data and AI into key domains. Various business processes can be automated and streamlined with AI, increasing productivity and efficiency. For instance, in September 2022, The Saudi Company for Artificial Intelligence (SCAI), owned by the Public Investment Fund in Saudi Arabia, sought to develop artificial intelligence applications, collaborated with the Saudi Technology and Security Comprehensive Control Company, a company in the fields of security, safety, and technology to develop the super-computing capabilities and AI infrastructure which is crucial to power the next generation of AI applications. Access Research Report of MENA Artificial Intelligence Market @ https://www.grandviewresearch.com/industry-analysis/middle-east-north-africa-mena-artificial-intelligence-market-report MENA Artificial Intelligence Market Report Highlights
MENA Artificial Intelligence Market Report Scope
List of Key Players in the MENA Artificial Intelligence Market
Access Press Release of MENA Artificial Intelligence Market @ https://www.grandviewresearch.com/press-release/middle-east-north-africa-mena-artificial-intelligence-market-analysis Like it? Share it!More by this author |