MENA Artificial Intelligence Market Size To Reach USD 166.33 Billion By 2030
MENA Artificial Intelligence Market Growth & Trends The MENA artificial intelligence market size is expected to reach USD 166.33 billion by 2030, projected to grow at a CAGR of 44.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Various cities in the MEA region are actively embracing AI to build smart and sustainable urban environments. AI finds application in traffic management, energy optimization, and public safety, fostering more efficient and secure cities. For instance, Dubai has deployed AI-powered smart traffic control systems that utilize real-time data from traffic cameras and sensors to analyze traffic patterns and optimize signal timings, effectively reducing congestion and enhancing overall transportation efficiency. The MEA region's governments promote AI through various initiatives, policies, and funding programs. National AI strategies aim to support AI research, development, and adoption to drive economic growth and inn...