Saudi Arabia Artificial Intelligence (AI) Market Outlook 2024 By Offering, Size, Share, Trend, Technology, Future Growth | TechSci Research
Saudi Arabia artificial intelligence (AI) market is expected to grow at a steady rate during the forecast period. Ongoing government initiatives such as Saudi Arabia’s Vision 2030 and introduction of National Artificial Intelligence Strategy is the major driver for the growth of artificial intelligence market in the forecast period. Saudi Arabia’s Vision 2030 aims to transform the cities into smart cities to enhance the connectivity between cities as it focuses on the integration of data and artificial intelligence. According to the Saudi Arabia Vision, the construction of Neom city which would be an artificial intelligence-based megacity is expected to create lucrative opportunities for market growth. Neom city is expected to integrate artificial intelligence and robotics using advanced technologies such as the internet of things, blockchain, among others which is expected to foster the demand for the artificial intelligence market in the next five years. The oil industry holds the m...