Saturday, October 25, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

MEA Investments in Artificial Intelligence to Skyrocket to $530 million by 2022 – IDC

Tech Gist Africa by Tech Gist Africa
05/31/2019
in Africa, Africa News, News
0 0
2
MEA Investments in Artificial Intelligence to Skyrocket to $530 million by 2022 – IDC
0
SHARES
Share on FacebookShare on Twitter

The latest forecast from the International Data Corporation (IDC) states that investments in Artificial Intelligence in the Middle East and Africa will reach $530 million in 2022.

IDC is a global technology research and consulting firm. They expect investment in AI to grow 42.5%, equivalent to $290 million year-on-year in 2019. The investment will increase at a compound annual growth rate (CAGR) of 22.2% from the year 2019 to 2022.


See also: Introducing Cortex Venture; Africa’s First Artificial Intelligence Venture Capital Company


The top drivers of Artificial Intelligence in the Middle East are the desire to improve customer support, boost overall efficiency, drive sales, and enhance the quality of products and services. Expenditure on automated customer service agents is expected to grow the fastest at a CAGR of 25.8% to reach $66 million in 2022.

The research shows that the top industries that will invest the most in AI are banking, manufacturing, and commerce. These industries will receive funds from governments across the Middle East and Africa. Investment in AI this year almost doubles the amount in 2017. This reflects the increased interest in Artificial Intelligence which drives automation and enhances existing business processes.

 

More on TechGist Africa:

  • Gartner Q1 2019 Report Shows a Global Decline of Smartphones Sales
  • KOKO Networks Launches Multi-Purpose Consumer Access Machines in Kenya
  • Why Africa will suffer if the Trade War between the US and China lingers
  • Ebonyi Transparency Accountability Network (ETAN) Trains 100 Nigerian Students in STEM
  • Cassava’s on-demand service ‘Vaya’ Grows Massively in 7 months
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across Africa and sharing simple social media and digital marketing tips for startups, entrepreneurs and business owners.

Related Posts

POZI Gabon
Funding

POZI, a Gabon-based fleet-management startup secured $755K in a seed funding round

by Tech Gist Africa
10/24/2025
0

POZI, a Gabon-based fleet management and telematics startup, has secured €650,000 (approximately US $755,000) in a seed funding round, a...

Read more
Enko Capital IFC

Enko Capital Gears Up Africa’s Green & Agri Revolution with US$100 Million Private Credit Launch

10/24/2025
instagram

Instagram Goes PG-13: Meta’s New Teen Safety Measures Limit Content Exposure

10/24/2025
DHL Group

DHL Group Invests Over €300 Million to Accelerate Trade Growth Across Africa

10/24/2025
Catalyst Fund

IFC Steers $6 Million Into Catalyst Fund to Fuel Africa’s Climate-Tech Leap

10/24/2025
Next Post
MEA Investments in Artificial Intelligence Skyrockets to $530 million by 2022 – IDC, South Africa National Blood Services Unveils Blood Delivery Drone and Mor

MEA Investments in Artificial Intelligence Skyrockets to $530 million by 2022 – IDC, South Africa National Blood Services Unveils Blood Delivery Drone and Mor

Uber Egypt

Uber Loses $1 Billion in Q1 2019

Google’s Users to pay for Ad Blocker Feature on Chrome ​

Google’s Users to pay for Ad Blocker Feature on Chrome ​

Comments 2

  1. Pingback: Sophos boosted Intercept X to aid Businesses Fight Cyber Attacks | NAIJA NEWS AGENCY
  2. Pingback: Kenya Ranked Top African Country for Artificial Intelligence Readiness | NAIJA NEWS AGENCY
No Result
View All Result

The Big 5

Dubai GITEX Global 2025

GITEX Global 2025 Concludes in Dubai: A Milestone for AI, Innovation, and Global Collaboration

by Tech Gist Africa
10/21/2025
0

...

Arabic Language Innovation Accelerator Saudi Arabia

Arabic Language Innovation Accelerator: Empowering the Future of Arabic Tech Startups

by Tech Gist Africa
10/21/2025
0

...

Central Bank of Kuwait

Central Bank of Kuwait Launches Initiative Accelerator Program to Foster Financial Innovation

by Tech Gist Africa
10/21/2025
0

...

Africa startups

Founder Institute Opens Applications for Cameroon–Lagos Fall 2025 Accelerator

by Tech Gist Africa
10/21/2025
0

...

Maor Shlomo

Maor Shlomo: From Solo Visionary to AI Pioneer; A Journey of Innovation and Impact

by Tech Gist Africa
10/24/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.