Artificial intelligence is instrumental in driving the evolution of autonomous systems, such as vehicles, drones, and robots, revolutionizing industries such as transportation, logistics, and manufacturing. AI's ability to process vast amounts of data in real-time enables autonomous vehicles to navigate dynamically changing environments, enhancing safety and efficiency. In logistics, AI-powered drones optimize delivery routes, reducing costs and improving delivery speed. Meanwhile, in manufacturing, autonomous robots streamline production processes with precision and consistency.
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Data Bridge Market Research analyses the Iraq Artificial Intelligence Market, which USD 607.89 million in 2021, is expected to reach the value of USD 1,582.04 million by 2029, at a CAGR of 12.7% during the forecast period of 2022-2029. In Iraq, the adoption of AI in the healthcare sector is a significant market driver, addressing industry-specific challenges and enhancing efficiency. AI applications in healthcare, such as predictive analytics for disease management and personalized treatment plans, are expected to gain traction, contributing to the growth of the AI market in the country.
Key Findings of the Study
Increased establishment of a vibrant tech ecosystem is expected to drive the market's growth rate
The growth of Iraq's artificial intelligence market is propelled by the establishment of a vibrant tech ecosystem. With the emergence of startups, accelerators, and research institutions, a fertile ground for innovation and entrepreneurship in the AI sector is cultivated. This ecosystem serves as a catalyst for the development and implementation of cutting-edge AI solutions, fostering a dynamic environment for technological advancements. As startups leverage this ecosystem for creative initiatives, collaboration with research institutions enhances the depth of AI expertise. Ultimately, this synergy stimulates local economic growth and positions Iraq as a competitive player in the global AI market, attracting investments and driving technological innovation.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Pricing in USD, Volume in Units
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Segments Covered
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Component (Hardware, Software, Services), Type (General/Strong AI, Narrow/Weak AI), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Technology (Machine Learning, Deep Learning, Computer Vision, Natural Language Processing (NLP), Speech Recognition, Image Processing, Context-Aware Computing), Application (Virtual Assistants/Chatbots, Forecasts and Modeling, Text Analytics, Speech Analytics, Predictive Maintenance, and Others), End User (Manufacturing, Retail, Healthcare, Security, Automotive, Aerospace, Marketing, Construction, Telecommunication, Defense, Oil and Gas, Banking and Finance, Law, Building Automation, Media and Entertainment, Human Resources, Supply Chain, Food and Beverage, Gaming, Agriculture, Consumer Products, Education, Entertainment, Others)
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Market Players Covered
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NVIDIA Corporation (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Amazon Web Services, Inc. (U.S.), Google (a subsidiary of Alphabet Inc.) (U.S.), QlikTech International AB (Sweden), MICROSTRATEGY INCORPORATED (U.S.), Twerlo (Saudi Arabia), CBOT (U.S.), WideBot, Inc. (Egypt), DilenyTech (U.S.), Siemens (Germany), SAMSUNG ELECTRONICS CO., LTD. (South Korea), Meta (formerly Facebook) (U.S.), Oracle (U.S.), SAP SE (Germany), Salesforce, Inc. (U.S.), SAS Institute Inc. (U.S.), Baidu, Inc. (China), Hyperlink InfoSystem (India), CSP Solution (South Korea), DECE Software Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Yesil Science Teknoloji Ltd. Sti. (Turkey), Microsoft (U.S.), Huawei Technologies Co., Ltd. (China)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The Iraq artificial intelligence market is segmented into component, type, organization size, technology, application, and end user.
- On the basis of component, the Iraq artificial intelligence market is segmented into hardware, software, and services
- On the basis of type, the Iraq artificial intelligence market is segmented into general/strong AI, and narrow/weak AI
- On the basis of organization size, the Iraq artificial intelligence market is segmented into large enterprises, small and medium-sized enterprises
- On the basis of technology, the Iraq artificial intelligence market is segmented into machine learning, deep learning, computer vision, natural language processing (nlp), speech recognition, image processing, and context-aware computing
- On the basis of application, the Iraq artificial intelligence market is segmented into virtual assistants/chatbots, forecasts and modeling, text analytics, speech analytics, predictive maintenance, and others
- On the basis of end user, the Iraq artificial intelligence market is segmented into manufacturing, retail, healthcare, security, automotive, aerospace, marketing, construction, telecommunication, defense, oil and gas, banking and finance, law, building automation, media and entertainment, human resources, supply chain, food and beverage, gaming, agriculture, consumer products, education, entertainment, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major Iraq artificial intelligence market players in Iraq artificial intelligence market are NVIDIA Corporation (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Amazon Web Services, Inc. (U.S.), Google (a subsidiary of Alphabet Inc.) (U.S.), QlikTech International AB (Sweden), MICROSTRATEGY INCORPORATED (U.S.), Twerlo (Saudi Arabia), CBOT (U.S.), WideBot, Inc. (Egypt), DilenyTech (U.S.)
Market Developments
- In November 2023, The University of Cambridge, in collaboration with Intel Corporation and Dell Technologies, launched the 'Dawn Phase 1,' a cutting-edge AI supercomputer. This collaborative effort aimed to harness the synergy of high-performance computing (HPC) and artificial intelligence (AI) to address global challenges. The supercomputer signifies a leap forward in technological capability and positions the U.K. as a potential leader in technology. The partnership is anticipated to catalyze future technology leadership and attract significant inward investment into the U.K.'s technology sector
- In March 2022, SAP SE made a significant announcement regarding the inauguration of SAP Labs Singapore, a digital innovation hub. This strategic move aimed to foster local digital talent, promote ecosystem and community involvement, and establish product leadership. SAP Labs Singapore is the first-of-its-kind for SAP in the South East Asia (SEA) region, focusing on revolutionary advancements in the digital supply chain, intelligent business networks, and sustainability solutions. The initiative also emphasized the incorporation of deep technologies such as artificial intelligence (AI) and machine learning to further enhance SAP's presence in the region
- In December 2020, Twerlo launched its innovative customer support solution based on the WhatsApp API. The product aimed to elevate customer experience by providing solutions that streamline the customer journey. Twerlo's vision centered around transforming the way businesses communicate with their customers, and the launch of this product garnered attention from major businesses in Saudi Arabia. This development marked a significant enhancement of Twerlo's offerings in the region, positioning the company as a notable player in the customer support technology space
- In April 2020, Advanced Micro Devices (AMD) entered into a strategic alliance with Oxide Interactive to collaborate on the development of graphics technology specifically designed for the cloud gaming space. This partnership reflected AMD's commitment to advancing technology in the gaming industry. The collaboration aimed to leverage AMD's expertise and Oxide Interactive's capabilities to enhance the graphics technology used in cloud gaming, signifying a strategic move in response to the growing prominence of cloud-based gaming platforms
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