UAE Generative AI Market | Analysis 2019-2032

UAE Generative AI Market Snapshot

• Revenue in the United Arab Emirates generative AI market is estimated to reach US$ 244.2 million by 2024, with an expected Compound Annual Growth Rate (CAGR) of 22.03% from 2024 to 2032.
• The value of United Arab Emirates generative AI industry in 2023 was US$ 177.6 million.
• By components category, hardware is forecasted to emerge as the foremost segment, valued at US$ 684.8 million in 2032.
• The United Arab Emirates generative AI market is forecasted to see IT and Telecom end user generating 23.64% of the total revenue by 2032.
• Major players in the market are keen on extending their strategic partnerships with generative AI providers to continue offering their advanced cloud solutions and services. For instance, in April 2024, Microsoft and G42 expanded their partnership to provide advanced AI solutions using Microsoft Azure across different industries and markets. Also, Microsoft will invest $1.5 billion in G42, acquiring a minority stake and joining its board of directors. Additionally, the companies will support the creation of a $1 billion fund to enhance AI skills among developers in the UAE and the wider region.
• Furthermore, in February 2024, the Advanced Technology Research Council (ATRC) in Abu Dhabi signed a Memorandum of Understanding (MoU) with the Ministry of Information and Telecommunications of Serbia and the Institute for Artificial Intelligence Research and Development of Serbia. This collaboration intends to utilize ATRC's technical expertise and its subsidiaries to integrate Artificial Intelligence (AI) into Serbia's technological infrastructure.

UAE Generative AI Industry Coverage