Market Share of Saudi Arabia Big Data And Artificial Intelligence Industry
Saudi Arabia's Big Data and Artificial Intelligence Market is moderately competitive with significant regional players such as Microsoft Corporation, Nvidia Corporation, Amazon Web Services Inc., SAP SE, and Intel Corporation. The companies leverage strategic collaborative initiatives and acquisitions to increase market share and profitability.
In October 2023, Lunit, South Korea's prominent medical artificial intelligence service offering company, announced its plans to reinforce a partnership with the government of Saudi Arabia to bring virtual hospitals to countries in the Middle East. Saudi Vision 2030 project is boosting the virtual hospital initiative. Saudi Vision 2030 is a national project to expand the nation's economy and nurture its public service segments, such as education, health, and tourism, instead of relying exclusively on the oil business.
In September 2023, Huawei Cloud proclaimed the launch of the Huawei Cloud for the Riyadh Region; the announcement was made at the Huawei Cloud Summit held in Saudi Arabia in 2023. This Region is projected to help promote digital-led financial growth in the country. The introduction of the Huawei Cloud Riyadh Region also proclaimed that the Saudi Arabia Region is projected to be Huawei Cloud's focus in porting the Central Asia, the Middle East, as well as Africa, given that innovative, secure, reliable, and maintainable cloud services.
In March 2023, AWS and NVIDIA announced The multipart collaboration, which aims to develop the world's most scalable, on-demand Artificial Intelligence infrastructures optimized for training increasingly complex large language models and innovative AI applications. The collaboration focuses on features of next-generation (Amazon EC2) P5 instances by NVIDIA H100 Tensor Core GPUs and on AWS's state-of-the-art networking and scalability, which the compute performance of deep learning models shall be provided with up to 20 exaFLOPS.
Saudi Arabia Big Data And Artificial Intelligence Market Leaders
Microsoft Corporation
Nvidia Corporation
Amazon Web Services Inc.
SAP SE
Intel Corporation
*Disclaimer: Major Players sorted in no particular order
