UAE Artificial Intelligence Market Poised to Reach $1.9 Billion by 2026


Posted July 11, 2023 by Ellen_90

The Artificial Intelligence (AI) market in Middle East is projected to grow by $1.9 billion by 2026.

 
Dubai, 11/7/2023 - The United Arab Emirates (UAE) is on track to witness remarkable growth in the artificial intelligence (AI) market, with projections indicating a market value of $1.9 billion by 2026. The rapid expansion of AI technologies across industries in the UAE is fueling this significant market growth, according to a recent market analysis report by Digital Gravity.
The report highlights the factors contributing to the accelerated adoption of AI in the UAE, including:
Government Support and Initiatives: The UAE government has actively embraced AI as a key driver of innovation and economic growth. The launch of the UAE Strategy for Artificial Intelligence and the creation of the UAE Artificial Intelligence Office have provided a strong foundation for the development and integration of AI technologies across various sectors.
Technological Advancements: The UAE is at the forefront of technological advancements in the Middle East, with a particular focus on AI. The country has witnessed a surge in AI startups, research centers, and innovation hubs, fostering an environment conducive to AI-driven innovation and entrepreneurship.
Industry-Specific Applications: AI is being increasingly adopted across industries in the UAE, including healthcare, finance, transportation, retail, and government services. AI-powered solutions such as machine learning, natural language processing, and computer vision are being leveraged to enhance efficiency, automate processes, and deliver personalized experiences to customers.
Smart City Vision: The UAE's ambition to build smart cities has been a catalyst for AI adoption. Cities such as Dubai and Abu Dhabi are implementing AI-driven technologies to optimize urban planning, transportation systems, energy management, and public services.
The report also highlights key growth opportunities and challenges for the UAE AI market. These include the need for skilled AI professionals, data privacy and security concerns, and ethical considerations surrounding AI deployment.
CEO Digital Gravity: "The UAE's AI market is experiencing rapid growth, driven by strong government support, technological advancements, and industry-specific applications. The country's commitment to fostering innovation and building smart cities provides a fertile ground for AI adoption. We expect the UAE AI market to continue its upward trajectory, unlocking new opportunities and transforming industries across the nation."
The projected growth of the UAE AI market underscores the country's position as a regional leader in adopting and leveraging AI technologies. With ongoing investments in research, development, and talent acquisition, the UAE is poised to become a global hub for AI innovation and drive socioeconomic progress.

For media inquiries, please contact:
Kashif Faraz
Digital Gravity
https://www.digitalgravity.ae/
[email protected]
+971 4 242 1375

About Digital Gravity:
Digital Gravity can play a pivotal role in helping companies in Dubai become active participants in the AI revolution. By leveraging digital technologies and the power of AI, companies can enhance their operations, improve efficiency, and drive innovation. Digital gravity enables companies to tap into the vast potential of AI by harnessing the power of data analytics, machine learning, and automation.
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Last Updated July 11, 2023