Pro
Technology & Electronics
Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | CPU | GPU | FPGA | ASIC |
|---|---|---|---|---|
| 2014 | 6.1 USD Mn | 1.7 USD Mn | 1.1 USD Mn | 0.4 USD Mn |
| 2015 | 6.5 USD Mn | 1.9 USD Mn | 1.2 USD Mn | 0.5 USD Mn |
| 2016 | 7 USD Mn | 2.1 USD Mn | 1.3 USD Mn | 0.5 USD Mn |
| 2017 | 7.7 USD Mn | 2.3 USD Mn | 1.4 USD Mn | 0.6 USD Mn |
| 2018 | 8.5 USD Mn | 2.6 USD Mn | 1.6 USD Mn | 0.6 USD Mn |
| 2019 | 9.7 USD Mn | 3.1 USD Mn | 1.8 USD Mn | 0.7 USD Mn |
| 2020 | 11.2 USD Mn | 3.6 USD Mn | 2.1 USD Mn | 0.9 USD Mn |
| 2021 | 13.3 USD Mn | 4.4 USD Mn | 2.6 USD Mn | 1 USD Mn |
| 2022 | 16.1 USD Mn | 5.5 USD Mn | 3.1 USD Mn | 1.3 USD Mn |
| 2023 | 20.2 USD Mn | 7.1 USD Mn | 4 USD Mn | 1.6 USD Mn |
| 2024 | 26 USD Mn | 9.3 USD Mn | 5.1 USD Mn | 2.1 USD Mn |
| 2025 | 34.6 USD Mn | 12.8 USD Mn | 6.9 USD Mn | 2.9 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The demand for Artificial Intelligence (AI) chipsets in Saudi Arabia is expected to witness significant growth from 2014 to 2025. AI chipsets play a crucial role in powering the technological advancements and innovations in various industries, including healthcare, automotive, and manufacturing. With the increasing adoption of AI technologies in the country, the demand for AI chipsets is expected to grow exponentially.
One of the major factors driving the demand for AI chipsets in Saudi Arabia is the government's focus on diversifying its economy and reducing its dependence on oil revenues. The government has launched several initiatives to foster the growth of industries such as healthcare, transportation, and manufacturing, where AI technologies can bring significant improvements. For instance, the National Transformation Program 2020 includes plans for implementing AI technologies in the country's healthcare sector to improve patient care and operational efficiency.
Furthermore, the growing investments and partnerships in the AI sector are also contributing to the demand for AI chipsets in Saudi Arabia. The country has seen a surge in investments in AI startups, with companies focusing on developing innovative AI solutions for various industries. These investments are driving the development of advanced AI chipsets to meet the diverse needs of various industries.
Another major factor driving the demand for AI chipsets in the country is the increasing use of digital technologies. The rise in internet penetration, coupled with the government's efforts to promote digitalization, has led to a significant increase in the adoption of AI-powered devices and services. This, in turn, has led to a higher demand for AI chipsets, as they are the backbone of AI-powered systems.
Moreover, the growing focus on smart cities and smart infrastructure projects in Saudi Arabia is also expected to boost the demand for AI chipsets in the coming years. These projects require advanced AI technologies to improve efficiency, reduce energy consumption, and enhance the overall quality of life for citizens. This will further propel the demand for AI chipsets in the country, as they are essential for powering these smart city solutions.
In conclusion, the demand for AI chipsets in Saudi Arabia is expected to witness steady growth in the coming years, driven by the government's initiatives, investments, and digitalization efforts. With the growing use of AI technologies across various industries, the demand for AI chipsets is expected to continue to rise, making Saudi Arabia a significant player in the global AI chipset market.
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.