The Saudi Arabia Generative AI Market is expected to experience significant growth due to the government’s initiatives and Vision 2030, promoting investments in modern technologies like AI. The market is projected to reach a value of USD 2,467.12 million by 2030, with a CAGR of 7.54%. The adoption of generative AI is rapidly growing across various sectors, reflecting the Kingdom’s commitment to becoming a knowledge-based economy. Government initiatives, including the creation of AI centers and promotion of digital inclusivity, are driving this expansion. Despite challenges, the competitive landscape in Saudi Arabia’s generative AI market is becoming more dynamic, with both established companies and emerging startups vying for prominence. This growing sector has the potential to revolutionize industries, drive economic growth, and improve the quality of life in the Kingdom.
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