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Middle East Artificial Intelligence (AI) Market (2019-2025): Market Forecast By Offering (Hardware, Software, Services), By Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Image Processing), By End User (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation and Others)
According to Phoenix Research, Middle East Artificial Intelligence market size is anticipated to register growth during 2019-25. 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. However, lack of proper infrastructure and skilled labor would hamper market growth.
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In the overall Middle East Artificial Intelligence market share, Saudi Arabia and UAE have acquired majority of the revenue shares in 2018 and are expected to lead throughout the forecast period. Further, increasing government spending in research and development of AI based technological advancements would fuel market growth over the coming years.
On basis of offerings, the market can be broadly classified into hardware, software and services. Software segment captured major revenue share in 2018 and is expected to continue lead over the coming years due to growing big data as well as rise in demand for virtual assistants across several verticals in the industry.
The Middle East Artificial Intelligence Market report thoroughly covers the market by offerings, technology, end user and regions. The Middle East Artificial Intelligence market outlook report provides an unbiased and detailed analysis of the on-going Middle East Artificial Intelligence market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Middle East Artificial Intelligence Market report provides a detailed analysis of the following market segments:
• By Offerings:
• By Technology:
o Machine Learning
o Natural Language Processing
o Context-Aware Computing
o Image Processing
• By End User:
o Media & Advertising
o IT & Telecom Sector
o Automotive & Transportation
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