Press Release

A USD 0.32 Billion Saudi Arabia Big Data & AI Solutions Market to Flourish at a CAGR of Around 32% During 2025-30

The Saudi Arabia Big Data & AI Solutions Market size was valued at around USD 0.32 billion in 2024 and is projected to reach USD 1.7 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 32% during the forecast period (2025-30), cites MarkNtel Advisors in the recent research report. The market for big data and AI solutions consists of technologies and services that handle large volumes of big data and implement AI solutions, which include automation and machine learning. It helps companies handle data effectively by facilitating improved decision-making, examining information, and supervising operations. The main industries that use the services of this market include healthcare, retail, finance, and manufacturing.

In Saudi Arabia, demand for big data and AI solutions is increasing as the Vision 2030 initiative increases the understanding of digital transformation. In governmental bodies and different financial organizations, improvements in technological frameworks are heightening the demand for big data and AI technologies. Saudi Arabian has, in the past years, increased investments in data management systems, cloud computing, and AI technologies as they update the technological frameworks within retail, healthcare, finance, and energy industries.

In Saudi Arabia, AI technologies are extensively used for predictive analytics, automation, and business analysis purposes. In the healthcare sector, performance and accuracy have greatly improved, with AI applied in patient care, disease evaluation, and drug development. AI has also been used in numerous ways in the retail industry to improve customer interaction via chatbots, personalized advertorial capabilities, and recommendation tools. The country is working toward building its position as a core center for AI development and progress through initiatives such as the National Artificial Intelligence Strategy 2030, which could result in more investment in these activities.

Furthermore, Saudi Arabia's focus on smart urban initiatives like NEOM, which employs artificial intelligence, the Internet of Things, and large-scale data for city development, is creating significant demand for data analytics expertise. The rapid progress of the nation's financial industry and the rise of fintech developments are also aiding the growing integration of AI, further states the research report “Saudi Arabia Big Data & AI Solutions Market Analysis, 2025.”

Segmentation Analysis

BFSI Sector Holds the Largest Market Share

Based on end users, the market is further bifurcated into IT & Telecom, Retail, Public & Government Institutions, Healthcare, Energy, Construction & Manufacturing, BFSI, and others. Of all the categories of end-users, BFSI is the biggest segment in the big data and AI solutions market in Saudi Arabia, with 35% of the market share, mainly because adopting such state-of-the-art technologies enhances customer satisfaction, boosts efficiency, and manages risk. Saudi Arabia's Vision 2030 initiative transforms the banking and finance industry dramatically to digitalize it by embracing the introduction of AI technologies like; predictive analytics, fraud detection, and automated customer service. Further, the BFSI sector will dominate the market through AI and big data to achieve enhanced advantages in credit scoring, investment management, and risk assessments. Thus, the BFSI sector will likely remain the top area for big data and AI implementation in Saudi Arabia.

Cloud Based Segment is the Most Preferred Deployment Mode

The cloud-based deployment mode holds the largest share of approximately 50% in big data and AI solutions markets in Saudi Arabia. Among the factors driving the rise of this approach are scalability, flexibility, and cost-effectiveness with cloud solutions, which attract financial, healthcare, and retail companies. Saudi officials have focused on digital transformation through Vision 2030's strategy and programs like the Saudi Cloud Computing strategy, which is making it more critical to the need for cloud infrastructure. This trend highlights the increased prospect of cloud technologies as businesses improve their operations and grow in the digital space.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Microsoft Corporation, Nvidia Corporation, Amazon Web Services Inc., SAP SE, Intel Corporation, Oracle Corporation, IQVIA, Nala.ai, IBM Corporation, NEC Corporation, SAS Institute Inc., Teradata Corporation, Qlik, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?