Saudi Arabia Geospatial Analytics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.22 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Saudi Arabia Geospatial Analytics Market Analysis
The Saudi Arabia geospatial analytics market was valued at USD 0.37 billion in the current year and is expected to register a CAGR of 9.22% during the forecast period to become USD 0.57 by the next five years.
- Geospatial analysis refers to a broad range of activities that emphasize applying various techniques to data comprising geographical or space-related characteristics. Some of the key factors driving the development of the geospatial analytics market include the increasing use of GPS devices, technological advances in the field of GIS technology, recent trends in integration and convergence of geospatial technologies, the advent of new corporation models aimed at leveraging the demand for geospatial information, and increased application of geospatial analytics in city and town planning.
- Network analysis has gained prominence in today's cities, which are becoming increasingly congested. For instance, in the case of any emergency response system (ERS), the best route or shortest path analysis data using spatial data directly improves the fire emergency response, police station emergency response, healthcare emergency response system, etc. Google Maps extensively uses spatial data to provide multiple routes, the best routes, and real-time analysis to re-route in case the user cannot follow the suggested path. Furthermore, network analysis is significant for utility companies operating in cities with complex network asset management problems. It helps companies efficiently design and model complex network infrastructures for supplying electrical, telecommunications, gas, and water to consumers using spatial data.
- Saudi Arabia is keen to explore new opportunities and ways to revitalize the quality of its major cities. For instance, the Ministry of Municipal and Rural Affairs (MOMRA) launched the nation's first Smart Cities program, an ambitious initiative by the government to drive smart transformation in Saudi cities to enter the digital age. In the program's initial phase, 17 selected cities comprising about 72 percent of the country's population were selected for carrying out smart urban projects. This effort is supplemented by a USD 500 billion investment that focuses on modernizing the infrastructure of the existing 285 municipalities across Saudi Arabia.
- In November 2022, Saudi Arabia kept pace with the rest of the world by introducing advanced research centers in geographical sciences, achieving a breakthrough in geospatial technologies, and meeting the labor market requirements of specialists per the Kingdom's Vision 2030. In addition, they are building bridges of cooperation with public and private institutions related to the same field as the world celebrates Geographic Information Systems (GIS) Day to enhance awareness of GIS technology and discuss the obstacles related to its applications. The Saudi Geological Survey (SGS) is one of the first leading government agencies in the Kingdom mandated with using spatial information systems management for its various scientific and technical activities.
- High costs and operational concerns, such as the limited presence of open standards and interoperability mechanisms and integration issues between enterprise risk management (ERM) and GIS systems, hinder the geospatial analytics market's adoption rate. Although the overall costs of geospatial analysis solutions have decreased drastically since the turn of the decade, owing to the greater availability of open-source tools and plunging hardware costs, it remains a major concern for small and medium-scale companies. Generic location-based data is readily available over the Internet; however, it offers limited demographic insights and is not completely useful for making strategic decisions.
- As governments emphasized data-driven decision-making to address COVID-19 transmission and spread in their nations efficiently, geospatial analytics, a method fusing spatial, demographic, and statistical data, was established as indispensable. A wealth of dashboards and maps available at that time supplied management with the good real-time dynamics of COVID-19 cases, deaths, recoveries, and hospitalization locally. Officials got a contextualized view of the region by pairing this information with relevant demographic data, such as population age, housing conditions, activity patterns, financial state, and self-reported symptoms. They could quickly pinpoint the areas most vulnerable to becoming the hotspot of the infection.
Saudi Arabia Geospatial Analytics Market Trends
Geovisualization is Expected to Hold Significant Share of the Market
- Geovisualization is an emerging form of analysis that represents 'spatial' information in a visual manner to enable end-users to interact, analyze, communicate, and draw inferences from data. Geovisualization can be effectively used for data exploration in tandem with human understanding. It is also considered a loosely bound domain that emphasizes visual exploration, synthesis, and presentation of data by using key elements from cartography and other scientific domains. Geovisualization relies on the basic principles of geographic information systems (GIS), namely interaction, analysis, and providing actionable insights.
- The significant advantage of the evolution of geovisualization is the democratization of data through visual effects. It helps people understand the spatial data, and at the same time, it can incorporate qualitative aspects to the existing spatial data by creating a need for the same. For example, in the case of the development of Atlanta Geovisualization, sketch-based interaction and participatory design are being used extensively to analyze data crowdsourced from the community to design sustainable solutions for the city.
- Some of the's significant geovisualization applications include urban planning, environmental studies, forestry, surveying, and climate studies, among others. It is widely used during the planning and construction of smart cities, where stakeholders explore several real-world environments and alternative scenarios. The major features that have made Geovisualization invaluable for today's businesses are thematic mapping, heat maps, drawing and querying, and data points that can be represented numerically and graphically. Drawing and querying help a business isolate a particular geographic area and learn more about its demographic profile against its current customer relationship management (CRM).
- The players in the market are developing new products to cater to a wide range of needs of customers. For instance, in October 2022, Infotech, a player in infrastructure construction software solutions, announced it had launched the Appia service and a Construction Data Visualization extension in the Esri ArcGIS Marketplace. With this Esri ArcGIS integration, the Appia service is now a geo-enabled construction administration solution that allows owners to visualize the full story of civil infrastructure projects. In addition, Infotech has earned Silver partner-level status within the Esri Partner Network.
- According to Saudi Industrial Development Fund, the cumulative value of industrial development fund loans for the Eastern Province in Saudi Arabia almost reached SAR 83 billion (USD 22.13 billion) as of June 2022. The number of industrial factories in the Eastern Province was 1,298 at that time. Such a huge rise in the funding for industrial factories would push the companies to adopt geovisualization for the proper construction of the factories.
Real Estate and Construction is one of the Factor Driving the Market
- Saudi Arabia's economic and social reforms under Vision 2030 drive real estate investments and new opportunities for the sector. Rising demand for entertainment options is playing a significant role in increasing retail offerings, while the Kingdom's efforts to establish itself as a global business hub and major tourist destination are leveraging the growth of the hotel segment. While the construction of infrastructure contributes a large part to Saudi Arabia's development ambitions, many other commercials, medical, as well as otherwise non-infrastructure projects are underway.
- The construction industry in Saudi Arabia benefits from private and public sector players with an increased focus on reforms, supporting the region's Vision 2030. Under this long-term vision, the government planned several economic, educational, and related reforms to innovate and diversify Saudi Arabia's landscape. Additionally, Saudi Arabia unveiled a USD 900 billion development plan driven by its 2030 Vision. Jeddah Economic City, Neom, and the Red Sea Project are underway, together with significant infrastructure projects, including the USD 22.5 billion Riyadh Metro and USD 20 billion Diriyah Gate Project. These are expected to boost the demand for facility management in Saudi Arabia.
- According to Fitch Solutions, Saudi Arabia's construction industry is projected to accelerate its growth over the medium term. It is expected to witness an average real growth of 2.6% year-on-year between 2021 and 2025 after it surprised with a shallow 0.4% year-on-year contraction. Fitch Solutions anticipated that the public investment fund (PIF) will increasingly provide funding for the country's megaprojects, such as the Red Sea Project and NEOM, and effectively underwrite the ambitions of the Saudi Arabia government and ensure Vision 2030 is eventually realized.
- With the increase in urbanization, there is rising investment in infrastructure and construction. Geospatial technology and building information modeling (BIM) are used to intelligently model urban infrastructure in construction projects. This integration of BIM with geospatial technology eliminates data redundancy, promotes cost reduction in design, planning, and construction, and reduces other miscommunications.
- According to General Authority for Statistics, Saudi Arabia's GDP from the construction sector increased to SAR 30864 million in the first quarter of 2023 from SAR 30735 million in the fourth quarter of 2022. Such a huge contribution by the construction sector towards the GDP would push the players in the region to invest more in the construction sector, which would create an opportunity for the studied market to grow.
Saudi Arabia Geospatial Analytics Industry Overview
The Saudi Arabia geospatial analytics market is moderately consolidated with several players like Microsoft Corporation, Autodesk, Inc, Bentley Systems, Inc., Esri, Inc. (Environmental Systems Research Institute), General Electrical Company, etc. The companies continuously invest in strategic partnerships and product developments to gain substantial market share. Some of the recent developments in the market are
In June 2023, Autodesk and Esri's partnership accelerated innovations in AEC. Autodesk's InfoWater Pro and Esri's ArcGIS Pro were integrated to make this possible, and there are many more examples of how their partnership with Esri enabled BIM and GIS data to flow between respective solutions seamlessly. The result is that project stakeholders can visualize, understand, and analyze infrastructure within its real-world context.
In February 2023, Mercedes-Benz and Google announced a long-term strategic partnership to accelerate auto innovation and create the industry's next-generation digital luxury car experience. With this partnership, Mercedes-Benz became the first automaker to build its branded navigation experience based on new in-car data and navigation capabilities from the Google Maps Platform. This gives the luxury automaker access to Google's leading geospatial offering, including detailed information about places, real-time and predictive traffic information, automatic rerouting, and more.
Saudi Arabia Geospatial Analytics Market Leaders
Microsoft Corporation
Autodesk, Inc.
Bentley Systems, Inc.
Esri, Inc. (Environmental Systems Research Institute)
General Electrical Company
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Geospatial Analytics Market News
May 2023: Microsoft introduced three new functions for geospatial analysis in Azure Data Explorer, geo_point_buffer, geo_line_buffer, and geo_polygon_buffer. These functions allow users to create polygonal buffers around geospatial points, lines, or polygons, respectively, and return the resulting geometry. Users can use these functions to perform spatial operations such as intersection, containment, distance, or proximity on user geospatial data or to visualize data on maps.
October 2022: ROSHN, the Kingdom of Saudi Arabia's nationwide real estate developer, backed by the government's Public Investment Fund (PIF), supported government efforts to improve homeownership rates while delivering sophisticated living standards. The Saudi Arabia designer built communities that looked to the nation's heritage and evolving resident aspirations. To support its vision and ongoing regional projects, ROSHN signed a memorandum of understanding (MOU) with Esri, the global player in location intelligence.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing in Demand for Location Intelligence
5.1.2 Advancements of Big Data Analytics
5.2 Market Restraints
5.2.1 High Costs and Operational Concerns
5.2.2 Concerns related to Geoprivacy and Confidential Data
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Surface Analysis
6.1.2 Network Analysis
6.1.3 Geovisualization
6.2 By End-User Vertical
6.2.1 Agriculture
6.2.2 Utility and Communication
6.2.3 Defense and Intelligence
6.2.4 Government
6.2.5 Mining and Natural Resources
6.2.6 Automotive and Transportation
6.2.7 Healthcare
6.2.8 Real Estate and Construction
6.2.9 Other End-User Verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Microsoft Corporation
7.1.2 Autodesk, Inc.
7.1.3 Bentley Systems, Inc.
7.1.4 Esri, Inc. (Environmental Systems Research Institute)
7.1.5 General Electrical Company
7.1.6 Google, Inc.
7.1.7 Harris Corporation
7.1.8 Trimble Inc.
7.1.9 Oracle Corporation
7.1.10 SAS Institute Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Saudi Arabia Geospatial Analytics Industry Segmentation
Geospatial analytics is the process of acquiring, manipulating, and displaying imagery and data from the geographic information system (GIS), such as satellite photos and GPS data. The specific identifiers of a street address and a zip code are used in geospatial data analytics. They are used to create geographic models and data visualizations for more accurate trends modeling and forecasting.
The Saudi Arabia geospatial analytics market is segmented by type (surface analysis, network analysis, and geovisualization), by end-user vertical (agriculture, utility and communication, defense and intelligence, government, mining and natural resources, automotive and transportation, healthcare, real estate and construction, and other end-user verticals).
The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Surface Analysis | |
| Network Analysis | |
| Geovisualization |
| By End-User Vertical | |
| Agriculture | |
| Utility and Communication | |
| Defense and Intelligence | |
| Government | |
| Mining and Natural Resources | |
| Automotive and Transportation | |
| Healthcare | |
| Real Estate and Construction | |
| Other End-User Verticals |
Frequently Asked Questions
What is the current Saudi Arabia Geospatial Analytics Market size?
The Saudi Arabia Geospatial Analytics Market is projected to register a CAGR of 9.22% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Geospatial Analytics Market?
Microsoft Corporation, Autodesk, Inc., Bentley Systems, Inc., Esri, Inc. (Environmental Systems Research Institute) and General Electrical Company are the major companies operating in the Saudi Arabia Geospatial Analytics Market.
What years does this Saudi Arabia Geospatial Analytics Market cover?
The report covers the Saudi Arabia Geospatial Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Geospatial Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Geospatial Analytics Industry Report
Statistics for the 2024 Saudi Arabia Geospatial Analytics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Geospatial Analytics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
