Saudi Arabia's Geospatial Market: Growth, Insights, and Key Trends for 2030

The Saudi Arabian geospatial analytics market is poised to generate USD 414.8 million in 2024, with an anticipated CAGR of 9.5% from 2024 to 2030, potentially reaching USD 714.8 million by the end of the forecast period. This growth is largely attributed to the technology's application in visualizing and analyzing locations, movements, and patterns, which has become essential for developing smart cities and guiding infrastructure investment decisions.

Geospatial analytics also benefits consumer services by aiding logistics companies in delivering goods precisely and efficiently. In transportation, the technology assists with understanding traffic flows and barriers, helping to improve traffic management.

Saudi Arabia's strategic focus on infrastructure development further bolsters the market. Government initiatives like the MOMRA Smart City Program and Saudi Geological Survey (SGS) demonstrate a commitment to leveraging geospatial technologies to optimize resource utilization. The Riyadh Development Authority (RDA), for example, uses this technology to monitor environmental and transport factors. Furthermore, KSA’s Vision 2030 plan includes establishing advanced research centers in geographical sciences to meet the growing demand for geospatial expertise.

Key Insights

  • Geovisualization is projected to maintain a 50% market share in 2024, offering powerful tools for resource optimization in various sectors.
  • Real estate applications will represent 35% of the market, driven by demand for land management tools to support Saudi Arabia's extensive housing and infrastructure plans, which aim to construct over 1.3 million homes by 2030.
  • The software segment will continue to lead with a 55% share in 2024, as cloud computing, AI, and machine learning drive technological advances.
  • The Eastern region of Saudi Arabia is the largest market for geospatial analytics, holding a 45% share due to its commercial significance in trade, logistics, and energy production.
  • Recent developments, such as the launch of SpaceKnow in 2024, are expanding the role of satellite imagery and AI in the region.

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