NEW YORK, Oct. 4, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The IT Market in Saudi Arabia  size is estimated to grow by USD 5.15 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.78%  during the forecast period. Launch of national transformation program is driving market growth, with a trend towards increasing adoption of e-governance. However, increasing threat of cyber crimes  poses a challenge – Key market players include Accenture Plc, Al Moammar Information Systems Co., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Comprehensive Technology Co., DataFlow Group, Easy World Automation LLC, Ejada Systems Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., IQVIA Holdings Inc., Microsoft Corp., NEC Corp., Oracle Corp., SAP SE, and SAS Institute Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Key Market Trends Fueling Growth

The Saudi Arabian IT market is experiencing significant growth due to the government’s focus on digital transformation through the Vision 2030 program. In the 2020 UN E-Government Development Index, Saudi Arabia ranked 9th, reflecting progress in online services. The government offers various e-services, including employment programs, e-learning, online job searches, passports and civic affairs, traffic updates, commercial register issuance, and payment services. The Vision 2030 program aims to expand online services, introducing geographic information systems (GIS), healthcare, and education. The Saudi Arabian government is strengthening online services within the public sector, promoting cloud applications, data-sharing platforms, and HR management systems. Additionally, the increased use of cloud computing in various sectors is anticipated to fuel market growth during the forecast period.

In Saudi Arabia’s IT market, high-speed internet and smartphone penetration are on the rise. With the rollout of 5G networks, wireless connections are becoming faster and more reliable. Digital innovation is transforming industries such as Pharmacy and Healthcare with IoT technology. Industry 4.0 is gaining traction in sectors like Construction and Consumer Goods. Businesses are embracing digital-savvy solutions like Client Computing, Consulting, Integration Services, Data and Analytics, Edge Computing, IT Management, Mobility, Networking, Security, Servers, Storage, Communication, and Telecommunication. Oil and gas companies are leveraging data processing for real-time communication and e-governance. Hardware and Software providers are meeting the demands of businesses and consumers. The IT sector is also focusing on cybersecurity to protect against data theft. Overall, the IT market in Saudi Arabia is thriving with trends like AI, 5G, and cloud computing shaping the future.

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

In Saudi Arabia, businesses are experiencing a significant rise in the implementation of advanced technologies due to globalization, privatization, and technological advancements. This digital transformation includes the adoption of cloud services and infrastructure, such as public clouds. However, this shift brings new risks, particularly cyberattacks. The COVID-19 pandemic has led to an increase in remote workforces and the use of mobile phones and IoT devices, making enterprises more vulnerable. First-time adopters of cloud services rely on providers’ security infrastructure, increasing their risk. Data breaches can negatively impact companies’ performance and result in financial losses for their customers. Cybercriminals can gain instant access to sensitive information, leading to potential financial damage. To mitigate these risks, companies and government entities must invest in security technologies. Additionally, predictive threat intelligence and analysis platforms can offer advance warnings of fraudulent activities or anomalous transactions, slowing down market growth during the forecast period.In Saudi Arabia’s IT market, businesses face several challenges in the digital age. High-speed internet is essential for fast data processing and real-time communication, but penetration remains low in some areas. The rise of smartphones and 5G networks necessitates wireless connections for industries like Pharmacy and Healthcare, as well as Construction and Consumer Goods. Digital innovation demands integration of IoT and Industry 4.0, but also brings risks such as data theft. Businesses need consulting, integration services, and IT management to navigate these changes. Data and analytics, edge computing, and cybersecurity are key areas of focus. Telecommunication companies are investing in 5G networks and AI for client computing and communication. Oil and gas, e-governance, and telecommunications sectors are adopting cloud computing and data centers for efficient data processing. Security remains a top priority for all businesses, especially in the era of cyber threats.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This it market in Saudi Arabia report extensively covers market segmentation by

Component 1.1 Hardware1.2 Services1.3 SoftwareEnd-user 2.1 Government2.2 Telecommunication2.3 BFSI2.4 Oil and gas2.5 OthersGeography 3.1 Middle East and Africa

1.1 Hardware-  The IT market in Saudi Arabia is thriving, with numerous businesses adopting digital solutions to enhance their operations. The kingdom’s Vision 2030 initiative prioritizes digital transformation, creating ample opportunities for IT companies. The market size is expected to grow significantly due to increasing demand for cloud services, cybersecurity, and artificial intelligence. Saudi Arabian Monetary Authority’s (SAMA) Fintech Program further boosts the sector, attracting international players. Businesses and government entities invest in IT infrastructure upgrades, ensuring and expanding IT market.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022)

Research Analysis

The IT market in Saudi Arabia is thriving, driven by the growing demand for advanced technology solutions in various sectors. Hardware and computers are popular, with a focus on high-performance systems for businesses and fast, efficient devices for consumers. Software, including productivity suites and specialized applications, is in high demand, particularly in industries like healthcare and finance. The internet and mobile phones are essential for connectivity, with a push for fast internet and wireless connections. Telecommunications companies are expanding their networks, while data centers and cloud computing provide businesses with secure, reliable storage and processing solutions. Real-time communication and collaboration tools are crucial for remote work and virtual meetings. Cybersecurity is a major concern, with a growing focus on protecting sensitive data from theft. Industry 4.0 and the Internet of Things (IoT) are transforming industries, while 5G networks promise faster speeds and lower latency. Artificial Intelligence (AI) and edge computing are also gaining traction, offering new possibilities for data processing and analysis. Consulting and integration services help businesses navigate the complex IT landscape and make the most of these technologies. Data and analytics are essential for informed decision-making and improving operational efficiency. Servers and serversless computing provide the foundation for these solutions, ensuring seamless performance and scalability.

Market Research Overview

The IT market in Saudi Arabia is witnessing significant growth, driven by the demand for advanced technology solutions in various sectors. Hardware and software are key components of this market, with a focus on high-performance computers, mobile phones, and telecommunication infrastructure. The oil and gas industry is a major consumer of IT services, with a growing need for real-time communication, data processing, and cybersecurity. E-Governance is another significant area, with the Saudi Arabian government investing heavily in digital innovation to improve efficiency and citizen services. The healthcare and pharmacy sectors are also adopting digital technologies, including telemedicine, electronic health records, and IoT devices. The construction industry is embracing Industry 4.0 technologies, while consumer goods companies are leveraging mobility, data analytics, and edge computing for supply chain optimization. With the rollout of 5G networks, the market for high-speed internet, wireless connections, and cloud computing is expected to grow rapidly. Cybersecurity remains a top priority, as data theft and digital threats continue to pose challenges for businesses and individuals alike. AI and IT management services are also gaining popularity, as organizations seek to optimize their operations and enhance customer experiences.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentHardwareServicesSoftwareEnd-userGovernmentTelecommunicationBFSIOil And GasOthersGeographyMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/saudi-arabia-it-market-to-grow-by-usd-5-15-billion-2024-2028-with-ai-driven-insights-on-national-transformation-program-boosting-revenue—technavio-302267033.html

SOURCE Technavio

NEW YORK, Oct. 4, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Graphics Processing Unit (GPU) market size is estimated to grow by USD 388.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 50.22% during the forecast period.Increase in demand for advanced gaming and VR experiences is driving market growth, with a trend towards rise in demand for high-performance computing (HPC). However, issues with graphics processing unit upgrading in notebooks poses a challenge – Key market players include Advanced Micro Devices Inc., Alphabet Inc., Apple Inc., Arm Ltd., ASUSTeK Computer Inc., Broadcom Inc., Fujitsu Ltd., Galaxy Microsystems Ltd., Gigabyte Technology Co. Ltd., Imagination Technologies Ltd., Intel Corp., International Business Machines Corp., NVIDIA Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., SAPPHIRE Technology Ltd., Sony Group Corp., Taiwan Semiconductor Manufacturing Co. Ltd., Zebra Technologies Corp., and Zotac Technology Ltd..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Key Market Trends Fueling Growth

The global Graphics Processing Unit (GPU) market is experiencing a notable growth in demand for High Performance Computing (HPC) applications. This trend can be attributed to several factors, including the expanding need for advanced graphics capabilities in industries such as gaming, Virtual Reality (VR), and animation. The increasing intricacy of video games and the escalating popularity of VR experiences necessitate graphics processing units that can deliver high-resolution graphics and seamless performance. In response, manufacturers have developed specialized graphics processing units for HPC, empowering game developers and content creators to elevate visual quality and realism. Another significant driver of this trend is the burgeoning adoption of Artificial Intelligence (AI) and Machine Learning (ML) applications. AI and ML algorithms necessitate substantial computational power for tasks like image and speech recognition, natural language processing, and data analysis. Graphics processing units, with their parallel processing capabilities, are a preferred choice for AI and ML developers. Moreover, industries such as finance, scientific research, and healthcare are increasingly relying on HPC using graphics processing units. In finance, graphics processing units are employed for intricate calculations and simulations in areas like risk analysis, portfolio optimization, and algorithmic trading. In scientific research, they are utilized for data-intensive calculations in fields like genomics, climate modeling, and particle physics. In healthcare, graphics processing units are leveraged for medical imaging, drug discovery, and personalized medicine applications. The escalating demand for HPC in the GPU market is also fueled by advancements in cloud computing and the proliferation of data centers. As businesses shift their workloads to the cloud, there is a requirement for graphics processing units in data centers to manage tasks like rendering, video transcoding, and real-time analytics. Consequently, cloud-based GPU services have emerged, enabling organizations to access high-performance computing resources on demand. These factors are anticipated to amplify the demand for graphics processing units, driving the growth of the market during the forecast period. 

The GPU market is thriving in the digital world, driven by trends in graphics, video rendering, and gaming platforms. According to a recent PwC report, global spending in the gaming industry is projected to reach USD159.3 billion by 2023. GPUs play a crucial role in delivering visuals and fluid gameplay in video games, 3D designs, and virtual reality (VR) and augmented reality (AR) applications. In the mainstream business sector, GPUs are used for AI applications like fraud detection, conversational AI solutions, and cryptocurrency mining. The rapid evolution of AI, machine learning, and computing technologies is increasing the demand for GPUs in areas like design, development, optimization, and data processing. However, ethical concerns around user data, GDPR, and biased algorithms are creating regulatory scrutiny. Skilled engineers, developers, data scientists, AI researchers, and machine learning experts are in high demand to address these challenges and optimize the use of GPUs in this complex technology landscape. The market for GPUs is expected to continue growing as the technology becomes more integrated into our daily lives through wearable technologies, computing technologies, and other emerging applications. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The global graphics processing unit (GPU) market in notebooks is facing a persistent challenge with the limitation of GPU upgrades. This issue is a concern for both manufacturers and consumers due to the compact design of notebooks. Notebooks prioritize portability and compactness, leading to thermal and space constraints, making it challenging to accommodate upgrades. In contrast, desktop computers offer more room for expansion and can easily accommodate larger, more powerful GPUs. Another reason for this issue is the proprietary nature of notebook designs. Many manufacturers restrict users from upgrading key components, including GPUs, creating a dependency on the manufacturer for future upgrades. The lack of standardized GPU form factors for notebooks further complicates matters. Unlike desktop GPUs, which follow standard form factors like PCI Express, notebook GPUs come in various shapes and sizes, making it difficult for consumers to find compatible upgrades for their specific notebook models. This issue becomes more significant as the demand for high-performance gaming and professional-grade graphics applications increases. With technology advancing at a rapid pace, users find themselves unable to fully utilize new features and enhancements due to outdated GPU capabilities. These factors are expected to hinder the growth of the GPU market for notebooks during the forecast period.The GPU market is experiencing significant growth due to increasing demand from gaming and data center industries. Gaming applications, online gaming, and e-gaming are major drivers, with compatibility and multiple device support being key challenges. Location independence and low-cost high-quality experience are crucial for organizations in the on-premises deployment mode. Data procurement, storage, and machine-learning applications in sectors like AI and online learning/entertainment also fuel demand. Gaming companies like Steam and DirectX 12 GPU manufacturers such as AMD and NVIDIA’s RTX gaming servers are leading the charge. New entrants like Fenghua GPU and SenseTime, using GPUs in Exynos SoCs and P5 instances, are also making waves. The HPC sector’s demand for GPUs in AI and machine learning is also noteworthy. Despite these opportunities, compatibility across platforms and devices remains a challenge. Overall, the GPU market’s future looks bright, with continued innovation and advancements in frame buffer technology.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This graphics processing unit (gpu) market report extensively covers market segmentation by

Type 1.1 Integrated GPUs1.2 Discrete GPUsApplication 2.1 Computers2.2 Tablets and smartphones2.3 Television2.4 Gaming consolesGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Integrated GPUs- The Global GPU Market experienced steady growth in 2020, driven by increasing demand for advanced graphics in gaming, virtual reality, and artificial intelligence applications. Major players like NVIDIA, AMD, and Intel dominated the market, offering high-performance GPUs for various industries. The market is expected to continue expanding due to rising adoption in data centers and automotive sectors. Companies invest in research and development to improve energy efficiency and enhance computing capabilities.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 – 2021) 

Research Analysis

The GPU market is experiencing significant growth due to the increasing demand for artificial intelligence (AI) and machine learning (ML) applications. GPUs, or Graphics Processing Units, are specialized processors designed for handling complex mathematical calculations, making them ideal for AI and ML development. The adoption of GPUs in AI-powered solutions is driving innovation in various industries, including gaming, graphics, virtual reality (VR), healthcare, manufacturing, real estate, and data centers. In the gaming industry, the latest RTX gaming servers and DirectX 12 GPUs offer enhanced graphics processing capabilities for gaming experiences. For creative technologies, GPUs are essential for rendering high-definition 3D content and optimizing design workflows. In the field of HPC (High Performance Computing), GPUs are used for scientific simulations and big data analytics. Cloud-based analytics applications and AI-powered solutions are also driving the demand for GPU as a Service (GPUaaS), enabling businesses to access powerful GPU resources on-demand. The use of GPUs in VR, healthcare, and real estate industries is also on the rise, as they offer faster processing times and improved accuracy for complex mathematical calculations. Overall, the GPU market is poised for continued growth as more industries discover the benefits of these powerful processing units.

Market Research Overview

The Graphics Processing Unit (GPU) market is experiencing rapid growth due to the increasing demand for AI, RTX gaming servers, GPUaaS, HPC, and other advanced technologies. GPUs, as electronic processors specialized in graphics and video rendering, play a crucial role in the digital world, powering video games, 3D designs, virtual reality (VR), and augmented reality (AR) on gaming platforms and wearable technologies. The global spending on the gaming industry is projected to reach new heights, with mainstream businesses adopting GPUs for various applications, including fraud detection, conversational AI solutions, and visuals. The emergence of AI, machine learning, and big data technology is driving the industry expansion, with GPUs providing the computational power needed for complex mathematical calculations and analyzing large databases. The use of GPUs in AI applications, such as image recognition and interference times, is also leading to design and development optimizations. However, the use of GPUs in AI and other emerging technologies raises ethical concerns, including GDPR, user data, and biased algorithms. Regulatory scrutiny is increasing, and skilled engineers and developers are in high demand to address these challenges and ensure the responsible use of this rapidly evolving technology. Meanwhile, GPUs continue to be a key component in the digital world, from PC games and mobile titles to specialized processors and display enhancements. Companies like Imagination Technology and its GPU IP and API system are leading the way in this field, while the adoption of GPUs in industries such as healthcare, manufacturing, and supply chain is set to accelerate. In summary, the GPU market is a dynamic and complex technology landscape, driven by the demands of AI, gaming, HPC, and other emerging applications. The role of GPUs in powering the digital world and enabling new innovations is undeniable, but the challenges of ethical use and regulatory compliance must also be addressed to ensure a sustainable and responsible future for this rapidly evolving technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeIntegrated GPUsDiscrete GPUsApplicationComputersTablets And SmartphonesTelevisionGaming ConsolesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/graphics-processing-unit-gpu-market-to-grow-by-usd-388-3-billion-2024-2028-with-ai-driven-insights-on-rising-demand-for-advanced-gaming-and-vr—technavio-302267044.html

SOURCE Technavio

Introduction to Verbal’s AI Tool Suite

SAN FRANCISCO, Oct. 4, 2024 /PRNewswire/ — Launch brings Verbal’s AI tools to the nation’s most popular telehealth platform. Verbal, a leading voice in AI-enhanced virtual care operations, today announced the launch of Verbal’s AI tool suite in the Zoom app marketplace.

Seamless Integration with Zoom for Telehealth Providers

Verbal’s integration with Zoom allows virtual care providers to automatically capture and analyze call audio via their Zoom app, with no need for complex integrations with communication providers.

Enhancing Patient Care and Operational Efficiency with AI

Zoom Workplace is widely considered the most popular platform for telehealth encounters in the U.S., so this launch opens the door for providers large and small to take advantage of Verbal’s AI-powered clinical documentation and real-time quality assurance (QA) and training tools.

The Verbal AI app helps providers save time and energy, enhance patient experiences, and drive revenue as part of value-based care.

Enhancing care quality and clinical operations with Verbal

The integration of the Verbal bot with Zoom virtual visits is a response to the needs of healthcare professionals for efficient and effective virtual care delivery.

Key benefits of the Verbal AI app in Zoom Workplace:

Save provider time and energy: Verbal AI automatically generates clinical documentation including SOAP, SBAR, therapy progress notes, and more, with notes and summaries tailored to an organization’s compliance requirements and best practices. Studies have found physicians spend nearly 50 percent of their time on dull, repetitive admin tasks like clinical notes, so generative AI tools like Verbal can have a major impact on provider capacity and job satisfaction.

Improve patient experience: Along with enabling providers to focus on patients instead of note-taking, Verbal offers providers real-time guidance, reminders, and feedback tailored to each organization’s best practices, and website manner standards, helping to foster better patient engagement and trust. Verbal also offers automated QA based on an organization’s best practices.

Drive revenue and lower costs: By streamlining administrative tasks, Verbal allows healthcare providers to see more patients. Meanwhile, Verbal’s real-time QA and training tools ensure the consistently high-quality care key to success in value-based care models, where patient satisfaction and care quality are directly tied to revenue.

Practical solutions for virtual care

The addition of the Verbal bot to the Zoom app marketplace offers a practical solution for healthcare providers looking to optimize virtual care delivery, with no need for complex integrations.

Waleed Mohsen, CEO, on the Partnership with Zoom

“Partnering with Zoom brings Verbal’s AI capabilities to more healthcare providers, enabling them to focus on what matters most—delivering quality care to patients,” said Waleed Mohsen, CEO of Verbal. “We are thrilled to see how this integration will streamline workflows, improve patient experiences, and help providers thrive in value-based care models.”

Learn more about the Verbal AI suite at the Zoom app marketplace

Media Contact: hello@tryverbal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/verbal-launches-ai-powered-qa-training-and-documentation-tools-for-zoom-virtual-care-visits-302268059.html

SOURCE Verbal