Transforming Infrastructure with Geospatial Analytics in Saudi Arabia

According to the latest market research study published by P&S Intelligence, the Saudi Arabian geospatial analytics market will generate an estimated revenue of USD 414.8 million in 2024, which is expected to witness a CAGR of 9.5% during 2024?2030 and reach USD 714.8 million by 2030.

Such information is becoming popular because it helps to visualize and analyze movements, places, and patterns. This is especially important for the development of smart cities as architects employ analysis to determine the best locations for new investments.

It is also very useful in consumer services since the exact location is required for goods to be delivered. This information is helpful to the logistics companies to ensure that the link between the service providers and the consumers is seamless. Even the transportation sector stands to gain because it can understand barriers and traffic flow to enhance traffic direction.

Another factor influencing the market dynamics is the Saudi Arabian government’s plans for infrastructure development and efficient utilization of resources. Some of the government-led programs include the MOMRA smart city program and the Saudi Geological Survey (SGS).

For instance, the Riyadh Development Authority (RDA) leverages geospatial analytics to track environmental factors and transportation. In 2022, KSA will establish higher research centers in geographical sciences to advance geospatial science as well as address the demand for skills in line with Vision 2030.

Key Insights

• In 2024, geovisualization grips a 50% industry share in and is projected to uphold this in the coming years.
• This technology analyzes and pictures geographical info for improved resource planning and optimization.
• Geovisualization is vital in handling natural resources and agriculture.
• It offers info on crop production, water reserves, and soil conditions.
• In 2024, the real estate category will account for 35% of the industry.
• Geospatial analytics are very high in demand for land usage planning and management in real estate.
• Saudi Arabia has reserved USD 1000 million for real estate and infrastructure projects.
• Plans include eight new cities along the Red Sea coast and over 1.3 million new houses by 2030.
• The software component holds a 55% market share in 2024 and is expected to continue leading.
• Continuous advancements in software technology, such as cloud computing, AI, and machine learning, drive adoption.
• Geospatial analytics software offers sophisticated tools for data picturing, interpretation, and analysis.
• Such tools aid several industries such as transportation, agriculture, and industry.
• The Eastern region leads the Saudi Arabian geospatial analytics market with a 45% share in 2024.
• This region is a hub for commercial activities like trade, logistics, retail, and oil and gas exploration and production.
• The oil and gas industry relies on geospatial analytics for resource management and production optimization.
• Geospatial technology is widely used in the Eastern region for route and traffic flow management.
• In February 2024, Saudi Arabia launched SpaceKnow, advancing the use of satellite imagery and AI analysis across industries.