Emerging Tech Summit Saudi Arabia 2023

The Kingdom of Saudi Arabia has an ambitious plan for digital transformation, outlined in its “Saudi Vision 2030” initiative, which includes investment in cutting-edge technologies like Blockchain, Artificial Intelligence, Cybersecurity, Cloud Computing and IoT. Aiming to harness technology Saudi Arabia has been quick to embrace artificial intelligence, data transformation and emerging technologies.

To go by the numbers, the IoT market in KSA is set to hit $ 2.9 Billion by 2025, Cloud Services at $1.3 Billion in 2023, the Cybersecurity market is expected to grow at a CAGR of 18.73% by 2027, a 47% growth rate in Blockchain by 2025 is expected and last but not the least, the KSA is set to invest a whooping $20 Billion in AI by 2030.