Saudi Arabia Big Data & AI Solutions Market Share Will Hit USD 1.7 billion by 2030 at 32% CAGR: Research Report By MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Saudi Arabia Big Data & AI Solutions Market, The 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). Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Saudi Arabia Big Data & AI Solutions Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2025-2030
• Market Size in 2024: USD 0.32 billion
• CAGR (2025-2030): 32%

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Saudi Arabia Big Data & AI Solutions Market Segmentation Breakdown:

The Saudi Arabia Big Data & AI Solutions Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

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

The cloud-based deployment model is anticipated to lead the Saudi Arabia Big Data and AI Solutions Market, capturing the largest market portion. It holds approx.

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.

Geographical Growth Insights:

By Region

• Northern
• Central
• Southern
• Eastern
• Western

MarkNtel Advisors Highlights Key Market Drivers for Saudi Arabia Big Data & AI Solutions Market:

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.

A Comprehensive Analysis of Leading Companies in Saudi Arabia Big Data & AI Solutions Market

• Microsoft Corporation
• Nvidia Corporation
• Amazon Web Services Inc.
• SAP SE
• Intel Corporation
• Oracle Corporation
• IQVIA
• ai
• IBM Corporation
• NEC Corporation
• SAS Institute Inc.
• Teradata Corporation
• Qlik
• Others

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Saudi Arabia Big Data & AI Solutions Market Recent Development:

• October 2024:As part of a new strategic alliance collaboration, Amazon Web Services (AWS) and e& sign a deal worth more than $1 billion to provide cloud solutions that assist the region's digital transformation and AI adoption.
• September 2024:Microsoft & SDAIA (Saudi Data & AI Authority) forged a strong partnership to push the boundaries of AI capabilities, fostering innovation through collaboration.

What are the growth Challenge driving the Saudi Arabia Big Data & AI Solutions Market?

Data Privacy & Security Concerns to Hinder Market Growth – Although the big data and AI solutions sector is rapidly growing in Saudi Arabia, a primary challenge it encounters is the concern of data privacy and security. Emerges from it protection of data and information that is being seen today owing to the sheer increasing volume of the documents that have started generating online and are getting stored on the respective sites. Also, with the emergence, comes the cybersecurity law that was introduced recently for Saudi Arabia in 2020 with a motive to promote cyber security digitally.

Besides these, even organizations are hindered when it comes to sensitive information in industries like health and finance, which have sensitive and confidential details. There is also another fact with businesses, more especially dealing with cross-border transfers. Cross-border data protection proves tricky for businesses while observing the intricate nature of their country's laws and international guidelines on data protection. Data abuse and biased algorithms have proved major barriers as the application grows concerning AI. The market needs to find a balance between adopting advanced technology and maintaining robust data security to prevent financial losses and damage to reputation from breaches.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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