MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia Machine Learning Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the Saudi Arabia Machine Learning Market (2023-2028)

The Saudi Arabia Machine Learning Market size is valued at around USD 834 million in 2024 and is estimated to grow at a CAGR of around 11.5% during the forecast period, i.e., 2023-28.

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What is driving the Saudi Arabia Machine Learning Market?

Rising Technological Advancements and Adoption of Automated Decision- Making Tools– Individuals in the Southeast Asian region are gradually inclining towards e-commerce platforms to make purchases of the necessary commodities owing to the rise in net disposable income. Consumers are spending quality time on the e-commerce website like Lazada, Shoppee, etc., surfing about the goods the companies are offering, which generates a lot of data concerning consumer behavior, owing to which it becomes necessary for e-commerce companies to opt for data analytics & business intelligence services to gain valuable business insights and helps the organizations make informed decisions about marketing strategies, inventory management, pricing, and other pivotal areas of operation. For instance,

·        In 2019, Alawwal Bank in Saudi Arabia partnered with Reaktor a tech firm to adopt AI & ML tools and train its staff to use those tools efficiently in delivering client services.

In addition to it, the government in the region is also encouraging the adoption of the latest technology and tools to streamline routine work and improve overall efficiency levels. Currently, the government is working on National Strategy for Data and AI under which it is working on establishing an integrated infrastructure to support digitalization and accelerate the adoption of machine learning technology among the end users. This in turn is positively impacting the growth of the machine-learning market in Saudi Arabia.

What segments define the Saudi Arabia Machine Learning market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

By Application

(Data Processing, Feature Engineering, Modelling, Visualization, Fraud Detection & Security, Supply Chain Management & Demand Forecasting, Others),

By Deployment Mode

(Cloud, On-Premise),

By Organization Size

(Large Enterprises, SMEs),

By Services

(Professional Services, Managed Services),

By End User

(BFSI, Healthcare, Retail, Telecommunication, IT & Telecom, Manufacturing, Others),

By Region

(Central, East, West, South)

Explore the Complete Saudi Arabia Machine Learning Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-machine-learning-market.html

Who are the leading key players shaping the Saudi Arabia Machine Learning Market landscape?

Baidu, Takamul Smart Technology, IBM Inc., Amazon Web Services, Dataiku, SAP SE, Google Inc., Intel Corporation, CISCO Systems, SAS Institute, Others

Questions Addressed in this Study

1.What factors are driving the Saudi Arabia Machine Learning Market growth?

2.How is the Saudi Arabia Machine Learning Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Saudi Arabia Machine Learning Market?

4.What is the current size of the Saudi Arabia Machine Learning Market, and how is it projected to change in the future?

6.What is the future outlook for the Saudi Arabia Machine Learning Market in terms of technological advancements and market expansion?

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