The Latin America, Middle East and Africa Citizen Services AI Market would witness market growth of 48.1% CAGR during the forecast period (2022-2028).
Artificial intelligence technologies in developing countries have a pool of opportunities due to the increasing demand for artificial intelligence services. Latin American countries are expecting growth opportunities with the help of artificial intelligence in addressing critical issues such as unemployment, food security, smart cities and natural resources, according to a study published in June 2020 by MIT Technology in partnership with the American software company Genesys.
It has also been reported that more than 80% of domestic large enterprises are engaged in products that will increase operational effectiveness and decision-making of the management of local organisations.
Governments of the UAE have boosted their investments in emerging technologies like artificial intelligence (AI), 5G, and machine learning (ML), which are the cause of the rise. The UAE government has launched the "UAE Strategy for artificial intelligence”. It is expected that the introduction of such strategies will rely on artificial technologies for better results. In the transport sector, it will reduce accidents and cut operational expanse, in the health sector it will minimize chronic and dangerous diseases by detecting them.
The Brazil market dominated the LAMEA Citizen Services AI Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,048.1 million by 2028. The Argentina market is experiencing a CAGR of 48.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 47.7% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Technology, the market is segmented into Machine Learning, Natural Language Processing, Image Processing, Face Recognition, and Others. Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Government & Public Sector, Healthcare, Transportation, Energy & Utilities, Education & Training, and Agriculture. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Citizen Services AI Market is Predict to reach $48.6 Billion by 2028, at a CAGR of 39.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ServiceNow, Inc., Microsoft Corporation, IBM Corporation, Accenture PLC, Amazon Web Services, Inc. (Amazon.com, Inc.), Nvidia Corporation, Intel Corporation, Alibaba Group Holding Limited, Tencent Holdings Ltd., and Pegasystems, Inc.
By Component
By Technology
By Deployment Mode
By Organization Size
By Vertical
By Country
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