Artificial Intelligence - Algeria

The market size in the Artificial Intelligence market is projected to reach US$376.00m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 28.49%, resulting in a market volume of US$1.69bn by 2030.
In global comparison, the largest market size will be United States (US$50.16bn in 2024).

Definition:
Artificial intelligence (AI) is a branch of computer science that focuses on creating machines able to perform tasks traditionally requiring human intelligence, such as perception, reasoning, and learning. The Artificial Intelligence (AI) market includes a wide range of applications, such as speech recognition, image processing, and autonomous vehicles and has seen rapid growth in recent years due to advancements in technology and increased investment. The Artificial Intelligence (AI) market includes software, hardware, and services that enable organizations to develop and deploy AI applications.

Structure:

The Artificial Intelligence (AI) market is structured into six markets based on the technology:

The Computer Vision market covers applications that enable computers to interpret and understand digital images and video data.
The Machine Learning market covers the use of algorithms to enable computer systems to learn from data.
The Natural Language Processing market covers applications that enable computers to understand, interpret, and generate human language.
The Artificial Intelligence Robotics market covers the combination of AI, machine learning, and engineering to create intelligent machines that can perform tasks autonomously.
The Autonomous & Sensor Technology market covers machines and systems that operate independently by using sensors, AI, and machine learning to respond to changes in their environment.
The Generative AI market covers artificial intelligence that involves creating models capable of generating new content, such as images, videos, and text, which are indistinguishable from content created by humans.

Additional Information:

The Artificial Intelligence (AI) market comprises three key performance indicators: market sizes, market sizes by industry, and users of AI tools. Market sizes are generated by the funding amount of Artificial Intelligence (AI) companies. Key players of the Artificial Intelligence (AI) market include companies such as Google, Open AI, IBM, and Microsoft.

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Natural language processing tools, such as chatbots and speech recognition
Computer vision applications, such as object detection or face recognition
Machine learning tools, such as trained algorithms.

Robotics hardware, such as hardware used to build robots
Enterprise resource planning (ERP) software, such as SAP
Web development services, such as services intended for coding and designing websites.

The Artificial Intelligence market in Algeria is experiencing remarkable growth, driven by factors such as increasing adoption of AI technologies, growing awareness of its potential in various industries, and the convenience it offers. The market's elevated growth rate can be attributed to the advancements in AI sub-markets and the government's initiatives to promote its use in the country's development.

Customer preferences: The use of Artificial Intelligence (AI) in various industries has gained significant traction in Algeria, as businesses and organizations look to increase efficiency and productivity. With the rise of digital transformation, there has been a notable shift in consumer preferences towards AI-powered solutions. This can be attributed to the growing demand for personalized and seamless customer experiences. Additionally, the emergence of a tech-savvy younger generation and the increasing availability of internet access have also contributed to the rise in demand for AI-based technologies. As a result, businesses are investing in AI to enhance their products and services, and consumers are welcoming this shift towards advanced technology.

Trends in the market: In Algeria, the Artificial Intelligence market is experiencing a surge in the adoption of AI-powered solutions across various industries, including healthcare, finance, and agriculture. AI is being leveraged to improve operational efficiency, enhance customer experience, and drive innovation. This trend is expected to continue as the government has launched several initiatives to promote the use of AI in the country. With the potential to boost economic growth and create jobs, the growing emphasis on AI is significant for industry stakeholders. However, there are also concerns about the ethical and social implications of AI, such as job displacement and biases in algorithms. As AI continues to evolve and shape the Algerian market, it is crucial for stakeholders to closely monitor its trajectory and address any potential challenges.

Local special circumstances: In Algeria, the Artificial Intelligence market is seeing growth due to the country's increasing focus on digital transformation and investment in technology. The government has launched initiatives to promote AI adoption in various sectors, such as healthcare and finance. Additionally, the country's geographic location and cultural diversity provide a unique market perspective, shaping the demand for AI solutions. The market is also influenced by regulatory policies that aim to promote local AI development and protect consumer data privacy.

Underlying macroeconomic factors: The Artificial Intelligence market in Algeria is greatly impacted by macroeconomic factors such as technological advancements, government regulations, and investment in digital infrastructure. Countries with supportive regulatory environments and significant investments in AI technology are experiencing rapid market growth, while those with regulatory challenges and limited funding are lagging behind. Furthermore, the country's economic health and fiscal policies also play a crucial role in shaping the market's performance. With the increasing demand for AI-powered solutions in various industries, such as healthcare, finance, and retail, Algeria's market is expected to witness significant growth in the coming years.

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.

Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.