Saudi Arabia Geospatial Analytics Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Saudi Arabia Geospatial Analytics Market Size

Saudi Arabia Geospatial Analytics Market Trends and Growth Drivers

Rising Acknowledgment of Location-Based Information Is Key Trend

• Location-based information is increasing in popularity due to its capacity to visualize and analyze movements, places, and patterns.
• This is majorly important in the development of smart cities, as architects utilize geospatial analysis to get the best location for the developments.
• Location-based information is also very useful in the consumer services sector. For instance, exact locations are needed to deliver goods; hence, logistics firms rely on geospatial analysis, which can connect service providers and consumers seamlessly.
• The transportation sector also gets benefits from location-based information as it can efficiently identify obstacles and recognize traffic patterns, allowing authorities to improve traffic management.

Government Initiatives Are Major Drivers

• One main driver that is helping the market grow is the contribution of Saudi Arabia's government to develop infrastructure and optimize resource utilization.
• The government is taking a number of initiatives, including the MOMRA smart city program and the Saudi Geological Survey (SGS).
• The SGS plays a critical role in collecting and analyzing the data on the natural resources in the country.
• Moreover, the government is also focusing on innovation and advanced technology, which are the main pillars of the market.
• For instance, the Riyadh Development Authority (RDA) uses geospatial analytics to optimize and monitor environmental conditions and manage the transportation sector.
• In 2022, the Kingdom of Saudi Arabia established advanced research centers in geographical sciences to enhance geospatial technology and address the labor market's needs, aligning with Vision 2030.

Shortage of Skilled Human Resources Is Challenging

• One of the key challenges that the market has to face is the shortage of skilled and professional employees who can manage this technology.
• Saudi Arabia's education system has not kept up with the growing demand for geospatial technology. Due to this, there are few skilled training programs for this technology.
• Additionally, the number of professionals with technological expertise such as data visualization, remote sensing, and spatial data analysis is limited.
• This shortage of technological knowledge can lead to setbacks in geospatial analysis projects because organizations have to invest more time in hiring and managing the necessary talent.

Saudi Arabia Geospatial Analytics Market Analysis

Type Insights

• Geovisualization holds the largest market share of around 50% in 2024 and is expected to do the same in the coming years.
• This technology analyzes and visualizes geographical data, allowing organizations and governments to optimize and plan resources more effectively.
• Geovisulization also plays an important role in the fields of managing natural resources and agriculture.
• For instance, using this technology, one can get information on crop production, water reserves, and soil conditions.

The types of geospatial analytics analyzed in this report are:

• Geovisualization (Largest Category)
• Network Analysis (Fastest-Growing Category)
• Surface Analysis

End User Insights

• The real estate category will account for the largest share, of 35%, in the market in 2024.
• One of the major reasons for this is the growing demand for geospatial analytics for land usage planning and management.
• The adoption of geospatial analytics in the real estate sector is also driven by an increase in the number of projects.
• For instance, according to a report, the Kingdom of Saudi Arabia has earmarked USD 1 trillion for real estate and infrastructure projects, with eight new cities planned, predominantly along the coast of the Red Sea, and over 1.3 million additional houses by 2030.

The end users included in this report are:

• Agriculture
• Energy and Utilities
• IT and Telecommunications
• Defense and Intelligence
• Government (Fastest-Growing Category)
• Mining and Natural Resources
• Automotive and Transportation
• Healthcare
• Real Estate (Largest Category)
• Others

Component Insights

• The software component holds the largest market share, of 55%, in 2024 and it is expected to do the same in the forecast period.
• One main ability of geospatial analytics software propelling its adoption is the continuous advancements and developments in software technology, such as integrating cloud computing, artificial intelligence, and machine learning.
• Also, this provides sophisticated tools for visualizing, interpreting, and analyzing the data. This helps various sectors, such as the transportation, agriculture, and industrial manufacturing, fulfill their demands and needs.

The components covered in the report are:

• Software (Largest and Fastest-Growing Category)
• Hardware
• Services

Eastern Region Is Largest Province Market

• The Eastern region is leading the Saudi Arabian geospatial analytics market, by holding 45% market share in 2024.
• This region is the center for commercial activities such as trade, logistics, retail, and oil and gas E&P.
• The oil and gas industry are dependent on the geospatial analytics technology for the management of resources and optimization of production.
• Also, the province has a significant impact on Saudi Arabia's transportation sector. As a result, geospatial technology is widely used in this region for route and traffic flow management.

The provinces analyzed in this report are:

• Al-Riyadh (Fastest-Growing Province)
• Makkah
• Al-Madinah
• Al-Qaseem
• Eastern Region (Largest Province)
• Aseer
• Tabouk
• Hayel
• Northern Border
• Jazan
• Najran
• Al-Baha
• Al-Jouf

Geospatial Analytics Market Share

With the involvement of several key players, such as Microsoft Corporation and Bentley Systems, the Saudi Arabian geospatial analytics market is highly competitive. The government also contributes to market growth through initiatives like Vision 2030.

Saudi Arabia Geospatial Analytics Market News

• In February 2024, Saudi Arabia announced the launch of SpaceKnow. The deal represents a big step forward in using imagery from satellites and AI analysis to empower numerous industries within the Kingdom.
• In January 2024, Placer.ai and Esri announced a major strategic partnership to enable new and advanced analytics, allowing customers to leverage their integration of consumer behavior analysis capabilities for site-specific and trade area intelligence.
• In May 2023, Microsoft Corporation introduced three new functions for geospatial analysis in Azure Data Explorer: geo_point_buffer, geo_line_buffer, and geo_polygon_buffer. These functions help in the construction of polygonal buffers around points, lines, or polygons.
• In October 2022, Esri and ROSHN joined forces to bring geospatial technology to Saudi Arabia’s real estate sector.