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GCC Artificial Intelligence (AI) Market Dynamics, Segments and Supply Demand 2019 – 2026

Press Release

GMI Research has smartly compiled a new research study titled “GCC Artificial Intelligence (AI) Market by Offering (Hardware, Software and Service), By Technology (Machine Learning, Natural Language Processing (NLP), Deep Learning, Machine Vision, and Others), End-User (Healthcare, BFSI, Retail, Manufacturing, Automotive & Transportation, Agriculture, Media & Entertainment, and Others) – Opportunities and Forecast, 2019-2026”, which discusses the different trends and innovations expected to impact the GCC Artificial Intelligence (AI) Market in the coming years.

Artificial intelligence is an approach to building computer programs that aim to perform tasks that would require human intelligence. AI is a study of how the human brain thinks, learns, decide, and work to solve problems. AI is a combination of several technologies such as machine learning and deep learning leading to the creation of intellectual hardware and software that accomplished by problem-solving, reasoning, perception, linguistic intelligence, and learning. It is also reshaping economies, enhancing productivity, improving efficiency, and lowering costs by creating a conceptual change in virtually every sector of the technology industry.

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GCC is evolving rapidly and observing a drastic modification with AI technologies, especially in countries like the UAE and Saudi Arabia. The growing number of internet users and connected devices are driving the market growth of AI in this region. Governments in the GCC region are pushing the AI agenda to become a global leader in the technology along with increasing investments by the government and private sector, which is paving the way for AI during the forecast period. For instance, in Oct 2017, the UAE Government launched the UAE Strategy for AI to boost productivity and performance, especially in the field of education, transportation, energy, and technology. Several multinational companies are acquiring artificial intelligence start-ups resulting in an expansion in investments in the field of AI. Increasing consumer demand for higher-quality and personalized AI-enhanced products and services will further fuel the market growth of AI in GCC. In addition, rising investments in smart cities are leading to the demand for AI in the market. In Oct 2017, Saudi Arabia government announced an investment of $500 billion in megacity project “NEOM” in the county, the technologies involved in this project are AI, big data, and IoT. However, stringent government policy for data security and the unreliability of AI algorithms are hampering the market growth.

Various notable players in the GCC AI market include Microsoft Corporation, Google LLC, IBM Corporation, Intel Corporation, Facebook, Inc., NVIDIA Corporation, Qualcomm International, Inc, Fusion Informatics Limited, Stallion.ai, Accubits Technologies (UAE), CogTalk and among others.

The GCC AI market has been segmented based on offering, technology, and end-user. Based on the offering market is categorized into hardware, software, and services. On the basis of technology, the market is segmented into Machine Learning, Natural Language Processing (NLP), Deep Learning, Machine Vision, and others. Based on the application market is segmented into Indoor and Outdoor. Based on the end-user, the market is categorized into Healthcare, BFSI, Retail, Manufacturing, Automotive & Transportation, Agriculture, Manufacturing, Media & Entertainment, and Others.

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Key questions answered in this research report:
1- At what pace is the GCC AI market growing? What will be a growing trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the various application areas and how they are poised to grow?

Market Segmentation
By Offering
• Hardware
• Software
• Services

By Technology
• Machine Learning
• Natural Language Processing (NLP)
• Deep Learning
• Machine Vision
• Others

By End-User
• Healthcare
• BFSI
• Retail
• Manufacturing
• Automotive & Transportation
• Agriculture, Manufacturing
• Media & Entertainment
• Others

Leading Market Players
• Microsoft Corporation
• Google LLC
• IBM Corporation
• Facebook, Inc.
• Intel Corporation
• NVIDIA Corporation
• Fusion Informatics Limited
• Stallion.ai
• Accubits Technologies (UAE)
• CogTalk
• Qualcomm International, Inc

For Additional Insights Click to Access Complete Report – https://www.gmiresearch.com/report/gcc-artificial-intelligence-ai-market/

About GMI Research

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomics factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.

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This post was originally published on Industry Updates Daily