UAE Artificial Intelligence Market, By Offering (Hardware, Software, and Services), By Technology (Machine Learning, Natural Language Processing (NLP), Context-Aware Computing and Computer Vision), By Type (Narrow/Week Ai, General/Strong Ai), By End-User (Healthcare, Manufacturing, Automotive, Security and Others) – Industry Trends Analysis & Forecast till 2027
UAE Artificial Intelligence Market Definition:
The Advent of Artificial Intelligence in various sectors including Healthcare, Retail, Automotive and Transportation, Oil and gas, Manufacturing, Media & Advertising, and Others Creates ample opportunity in the UAE region. The development of computer systems capable of performing tasks involving human intelligence is artificial intelligence. These tasks include visual perception, comprehension, decision-making, and language translation. AI is widely used in the scientific community and the public such as autonomous cars, Navigation Systems, Boston Dynamics, ASIMO (Advanced Step in Innovative Mobility), Chatbots, the Gaming industry, and others.
The UAE Artificial Intelligence (AI) Market report thoroughly covers the market by Offering, Technology, Type, and End-User. In terms of the offering (Hardware, Software, and Services), terms of technology (Machine Learning, Natural Language Processing (NLP), Context-Aware Computing, and Computer Vision), terms of Type (Narrow/Week AI, General/Strong AI), in terms of End-User (Healthcare, Manufacturing, Automotive, Security and others)
UAE Artificial Intelligence Market Outlook:
Rising industrialization as well as shifting preference towards artificial intelligence-enhanced services in industries such as manufacturing, security, human resource, automotive, and others would be major factors responsible for the growth of artificial intelligence over the coming years. Increasing government spending on research and development of AI-based technological advancements will also boost the Market.
However, lack of proper infrastructure and technical professionals, to manage and implement AI systems. Which restrained the market. Moreover, Improving operational efficiency in the manufacturing industry is projected to offer the demand for artificial intelligence new opportunities.
According to Pheonix Research, the Market Size of The UAE Artificial Intelligence market registered a CAGR of 42.1% from 2020 to 2027.
For country, Artificial Intelligence segmented the DUBAI dominated the market and was the prime contributor in terms of revenue in the total UAE Artificial Intelligence market.
UAE Artificial Intelligence Market Dynamics:
Market Drivers
• Government initiative and research and development are the key factors to increase the market
• Growing technological advancement will drive the market
Market Restraints
• Lack of proper infrastructure
• High Operational Cost
UAE ARTIFICIAL INTELLIGENCE MARKET Segmentation
BY SOLUTION
• HARDWARE
• SOFTWARE
o INTEGRATED
o STANDALONE
• SERVICES
BY TYPE
• Narrow/Week AI
• General/Strong AI
BY TECHNOLOGY
• DEEP LEARNING
• MACHINE LEARNING
• NATURAL LANGUAGE PROCESSING
• MACHINE VISION
• AGI & ASI
BY END USER
• HEALTHCARE
• BFSI
• LAW
• RETAIL
• AUTOMOTIVE AND TRANSPORTATION
• AGRICULTURE
• OIL & GAS
• MANUFACTURING
• MEDIA & ADVERTISING
• OTHERS
BY Enterprise
• LARGE ENTERPRISES
• PUBLIC
• PRIVATE
• SMALL AND MEDIUM SIZE ENTERPRISES (SMES)
BY DISTRIBUTION CHANNEL
• DIRECT SALES
• THIRD-PARTY VENDORS
By COUNTRY
• Abu Dhabi
• Dubai
• Ajman
• Sharjah
• Rest of UAE
Competitive Analysis: UAE Artificial Intelligence Market:
The UAE Artificial Intelligence Market is highly competitive, and major players have used various approaches to raise their footprints in this market such as new product advancements, acquisitions, contracts, joint ventures, alliances, acquisition, and others. The scope of the study includes artificial intelligence Market revenue for the UAE.
Key Market Competitors: UAE Artificial Intelligence Market:
A few of the major competitors currently working in the Artificial Intelligence Market are
• NVIDIA
• Google Inc
• IBM
• Amazon Web Services
• Microsoft
• Oracle
• Siemens
• General Electric
• INLOGIC IT Solutions
• STALLION.AI.
• ACCUBITS Technologies
• iTechArt
• EMIRATES ARTIFICIAL INTELLIGENCE TECHNOLOGIES
Research Methodology: UAE Artificial Intelligence Market
Data collection modules with large sample sizes are used for data collection and base year analysis. Market share analysis and key trend analysis are the major factors for success in any market report. Market statistical and coherent models are used to analyze the market data. Please request an analyst call for more information on the research methodology
Phoenix research consultants use their proprietary research methodology to evaluate data that involves data mining, analysis of the impact of data variables on the market, and primary validation. Furthermore, other data models consist of a market overview and guide, company matrix, key intensity vendor mapping, market forecasting analysis, company share analysis, top-down and bottom-up analysis, and others.
Demand and Supply Side- Primary Research Respondent
Demand Side: commercial Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Players, Healthcare Authorities, Academics and Universities, Technological Expertise, researchers, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, Senior and mid-level Executives, Distributors, Market Intelligence, and Regulatory Authority Managers among others.
Report Insights:
• To gain insights into the competitive milieu in the market
• End-user assessment /Customer behaviors
• Detailed Demand and Supply Assessment
• Key market drivers and restraints Analysis
• Competitive landscape of the key players involved
• In-depth analysis of the market segmentation