PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1670530
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1670530
The Global MENA Artificial Intelligence Market was valued at approximately USD 11.92 billion in 2023 and is poised to expand at an exceptional CAGR of 44.80% during the forecast period from 2024 to 2032. Artificial intelligence (AI) is revolutionizing industries across the MENA region by driving automation, enhancing operational efficiencies, and enabling transformative business models. From healthcare and finance to retail and logistics, AI-powered solutions are unlocking new revenue streams while redefining the way businesses operate. The surge in cloud computing, IoT adoption, and data-driven decision-making is accelerating AI integration in enterprise ecosystems. Moreover, governments across the MENA region are proactively investing in AI development as part of their broader economic diversification strategies, further propelling market expansion.
With the increasing emphasis on AI-driven innovation, businesses are leveraging machine learning, deep learning, and natural language processing (NLP) to optimize performance and customer experience. The rising deployment of AI in predictive analytics, cybersecurity, and autonomous systems is reshaping industries, fostering greater agility, and driving value creation. For example, government initiatives such as the UAE's National AI Strategy 2031 and Saudi Arabia's Vision 2030 underscore a strategic push toward AI-powered economies. However, despite the rapid advancements, challenges such as data privacy concerns, the shortage of AI talent, and high implementation costs remain key barriers to widespread adoption.
From a regional standpoint, the Gulf Cooperation Council (GCC) countries, including the UAE and Saudi Arabia, lead AI adoption due to strong government backing, advanced digital infrastructure, and proactive investment in AI-based research and development. The North African region, particularly Egypt, is also witnessing substantial growth in AI adoption across fintech and healthcare industries. Meanwhile, the Levant region is steadily advancing with AI-driven digital transformation initiatives. With increased spending on AI innovation and a growing number of AI startups, the MENA region is positioning itself as a key player in the global AI landscape.