Saudi Arabia Machine Learning Market Expected to Reach USD 3,147 Million by 2033 - IMARC Group

November 29, 2024 | Technology & Media

Saudi Arabia Machine Learning Market Statistics, Outlook and Regional Analysis 2025-2033

The Saudi Arabia machine learning market size was valued at USD 214 Million in 2024, and it is expected to reach USD 3,147 Million by 2033, exhibiting a growth rate (CAGR) of 34.8% from 2025 to 2033.

Saudi Arabia Machine Learning Market

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The machine learning market in Saudi Arabia is witnessing significant growth as industries increasingly adopt AI-driven solutions to enhance efficiency and innovation. Sectors, such as healthcare, finance, and retail, are leveraging machine learning for predictive analytics, customer personalization, and operational automation. Government initiatives, including investments under Vision 2030, are driving the integration of advanced technologies, positioning Saudi Arabia as a regional AI leader. For instance, in 2024, the government of Saudi introduced an initiative of a USD 1.2 billion program to enhance the digital skills of 100,000 students by 2030, underscoring the long-term commitment to a digitally proficient workforce. Strategic investments from both the public and private sectors further accelerate this transition, with a strong focus on building robust supply chains and logistics networks that are essential to sustaining competitive growth. By embedding advanced digital capabilities within key sectors like manufacturing, trade, and retail, Saudi Arabia is positioning its industries for resilience, efficiency, and increased competitiveness in a technology-driven global economy. Moreover, companies are focusing on cloud-based machine learning platforms, enabling scalable and cost-effective deployments. This trend is further supported by partnerships between global tech firms and local organizations, facilitating knowledge transfer and fostering a robust ecosystem for machine learning applications across various sectors.

Saudi Arabia’s machine learning market is also driven by substantial government support and strategic investments under Vision 2030, prioritizing digital transformation and fostering the adoption of advanced technologies across industries. For instance, in November 2024, Saudi Arabia announced Project Transcendence, a USD 100 billion initiative to establish the Kingdom as a global leader in artificial intelligence, data analytics, and advanced technology. Part of Vision 2030, it focuses on building AI infrastructure, supporting tech startups, and attracting global talent. The initiative emphasizes economic diversification, investments in R&D, and collaborations with global tech firms to establish Saudi Arabia as a competitive technology hub within a decade. Moreover, these efforts are further bolstered by dedicated funding for education and training programs aimed at developing local expertise.

Saudi Arabia Machine Learning Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include the Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Northern and Central Region Machine Learning Market Trends:

The Northern and Central regions, particularly Riyadh, serve as the primary hubs for the Saudi Arabia machine learning market. Government investments, corporate headquarters, and research institutions in these areas drive innovation, adoption, and large-scale implementation of AI-driven technologies.

Western Region Machine Learning Market Trends:

The Western region, centered around Jeddah, contributes significantly to the Saudi Arabia machine learning market. Additionally, it focuses on deploying machine learning solutions in retail, tourism, and logistics, leveraging its status as a commercial hub and gateway to international markets.

Eastern Region Machine Learning Market Trends:

The Eastern region, known for its energy sector, integrates machine learning for predictive maintenance, resource optimization, and operational efficiency. This region’s industrial focus positions it as a key contributor to machine learning applications in Saudi Arabia’s oil and gas industries.

Southern Region Machine Learning Market Trends:

The Southern region is moderately embracing machine learning technologies, with applications in agriculture, mining, and emerging industries. In addition, government support and localized initiatives are further encouraging technology adoption, creating opportunities for machine learning solutions tailored to the region’s unique economic activities.

Top Companies Leading in the Saudi Arabia Machine Learning Industry

the Saudi Company for Artificial Intelligence (SCAI) partnered with Elm at the Global Artificial Intelligence Summit in Riyadh to enhance AI capabilities in Saudi Arabia's public sector. This collaboration will develop AI use cases such as ChatGPT-like applications, voice recognition, and predictive analytics.  Machine learning adoption is particularly prominent in key sectors such as finance, healthcare, energy, and transportation, where efficiency and predictive analytics are critical. Collaborative efforts between international corporations, local enterprises, academic institutions, and research centers are driving innovation, enabling the development of tailored AI applications and fostering a skilled workforce. These advancements position Saudi Arabia as an emerging hub for artificial intelligence in the Middle East, supporting the nation's goals for economic diversification and global competitiveness.

Saudi Arabia Machine Learning Market Segmentation Coverage

  • On the basis of the component, the market has been categorized into hardware, software, and services. Hardware provides robust computing capabilities in the region, while software includes frameworks and algorithms for developing machine learning models. In addition, services cover consultancy, system integration, and ongoing support, facilitating efficient deployment and operation of machine learning technologies across various industries in the Kingdom.
  • Based on the deployment mode, the market is bifurcated into cloud-based and on-premises. Cloud-based holds significant prominence in Saudi Arabia due to its scalability and cost efficiency, enabling broader access to machine learning capabilities. Furthermore, on premises solutions offer heightened security and control, for industries that prioritize data privacy and compliance standards.
  • On the basis of the enterprise size, the market has been divided into large enterprises and small and medium-sized enterprises. In the Kingdom’s business landscape, large enterprises use machine learning to improve analytics and operational efficiency while SMEs opt for solutions to boost productivity and stay competitive.
  • Based on the end use, the market is segregated into healthcare, BFSI, law, retail, advertising and media, automotive and transportation, agriculture, manufacturing, and others. Healthcare plays a crucial role in Saudi Arabia, leveraging machine learning for predictive diagnostics, personalized treatment plans, and operational efficiency. The BFSI utilizes this technology for detecting fraud and assessing risks while also analyzing customer data to enhance security measures and decision-making processes. Meanwhile, in the retail and advertising, machine learning is employed for tailored marketing strategies, optimal inventory control, and improved customer interactions. In addition to this, transportation aids in driving technology and managing fleets efficiently in machine learning. Agriculture utilizes machine learning for precision farming techniques and optimizing resources effectively. Furthermore, in manufacturing, machine learning reinforcing predictive maintenance and automation process.

 

Report Features Details
Market Size in 2024 USD 214 Million
Market Forecast in 2033 USD 3,147 Million
Market Growth Rate 2025-2033 34.8%
Units Million USD
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Component
  • Deployment Mode
  • Enterprise Size
  • End Use
  • Region
Components Covered Hardware, Software, Services
Deployment Modes Covered Cloud-based, On-premises
Enterprise Sizes Covered Large Enterprises, Small and Medium-sized Enterprises
End Uses Covered Healthcare, BFSI, Law, Retail, Advertising and Media, Automotive and Transportation, Agriculture, Manufacturing, Others
Regions Covered Northern and Central Region, Western Region, Eastern Region, Southern Region
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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Saudi Arabia Machine Learning Market Expected to Reach USD 3,147 Million by 2033 - IMARC Group
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