According to TechSci Research report, “Saudi Arabia Smart Cities Market Size– By Region, Competition, Forecast and Opportunities, 2020-2030F”, Saudi Arabia Smart Cities Market was valued at USD 6.72 Billion in 2024 and is expected to reach USD 18.74 Billion by 2030 with a CAGR of 18.64% during the forecast period.
Saudi Arabia is undergoing one of the most ambitious urban transformations in modern history. Driven by economic diversification, population growth, and a national vision focused on sustainability and innovation, the Kingdom is redefining how cities are designed, managed, and experienced. At the heart of this transformation lies the Smart Cities Market, a rapidly expanding ecosystem that integrates digital technologies, intelligent infrastructure, and data-driven governance to enhance urban living.
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Industry Key Highlights
Market size reached USD 6.72 billion in 2024
Expected to reach USD 18.74 billion by 2030
CAGR of 18.64% during the forecast period
Rapid urbanization is a primary growth driver
Smart Buildings & Infrastructure is the fastest-growing segment
Western Saudi Arabia is the fastest-growing regional market
Strong government support and public-private partnerships
Rising adoption of IoT, AI, and cloud platforms
Growing focus on sustainability and energy efficiency
Increasing private and foreign investment in smart city projects
Emerging Trends in the Saudi Arabia Smart Cities Market
Integration of AI-Driven Urban Intelligence
Cities are increasingly using AI to analyze vast datasets and enable predictive decision-making. AI-powered platforms support traffic forecasting, energy optimization, and public safety management.
Expansion of Cloud and Edge Computing
Cloud and edge computing are enabling real-time data processing and scalable smart city platforms, reducing latency and improving system responsiveness.
Focus on Sustainability and Green Cities
Smart city initiatives are prioritizing renewable energy, smart grids, water conservation, and waste reduction to support environmental sustainability.
Digital Citizen Services
Governments are deploying digital platforms that enable citizens to access services, provide feedback, and participate in governance more efficiently.
Cybersecurity and Data Protection
As cities become more connected, cybersecurity and data privacy are becoming critical priorities, driving investment in secure digital infrastructure.
Key Market Drivers
Vision-Led Urban Transformation
National strategies focused on diversification and innovation are driving smart city adoption.
Rapid Population Growth
Urban population expansion is increasing demand for intelligent infrastructure and services.
Technological Advancements
Advances in IoT, AI, and communication networks are enabling scalable smart city solutions.
Public-Private Collaboration
Partnerships between government and private sector players are accelerating project execution and innovation.
Rising Demand for Quality of Life Improvements
Smart cities enhance safety, convenience, and environmental quality for residents.
Competitive Analysis
- Saudi Telecom Company
- NEOM Company
- Siemens AG
- Honeywell International Inc.
- Schneider Electric SE
- Cisco Systems, Inc.
- IBM Corporation
- Huawei Technologies Co., Ltd.
Future Outlook
The future of the Saudi Arabia Smart Cities Market is highly promising. As urbanization continues and digital technologies mature, smart cities will become the foundation of the Kingdom’s economic and social development.
Key future trends include:
Expansion of AI-driven urban management
Increased focus on climate-resilient infrastructure
Growth of smart housing and mixed-use developments
Integration of digital twins for city planning
Enhanced citizen engagement through digital platforms
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