Saudi Arabia Smart Cities Market Size Worth USD 29,228.7 Million by 2033, Rising At A CAGR Of 9.2%

Saudi Arabia Smart Cities Market Overview

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 9.2% (2025-2033)

The Saudi Arabia smart cities market is witnessing significant growth, driven by the government's Vision 2030 initiative, rapid urbanization, and increasing investments in advanced digital infrastructure and sustainable urban development. According to the latest report by IMARC Group, Saudi Arabia smart cities market size reached USD 13,209.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 29,228.7 Million by 2033, exhibiting a growth rate (CAGR) of 9.2% during 2025-2033.

Grab a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-smart-cities-market/requestsample

Saudi Arabia Smart Cities Industry Trends and Drivers:

There are rapid developments in the smart cities market in Saudi Arabia. This rapid development has been facilitated by Vision 2030, which aims to build sustainable technology-based urban developments throughout the kingdom. Projects such as NEOM and Qiddiya are pioneering smart cities that utilize new technology such as IoT, cloud-based systems, and AI to make living in cities more enjoyable. Smart cities are intended to improve quality of life in cities through smart infrastructure that encompasses smart transportation, energy management, healthcare, etc. Sustainability is an important part of smart cities, which are intended to drive sustainable consumption of energy and sustainable practices. The continued urbanization of the population in Saudi Arabia is driving the growth and demand for connected and efficient urbanized solutions. Saudi Arabia will no doubt continue to be the leader in smart city development across the region.

One of the most evident trends in the smart cities market is the use of the Internet of Things (IoT) to supervise and control urban systems including but not limited to, traffic, air quality, and energy consumption. Information technologies will impact smart urban transport like autonomous vehicles, as well as smart real-time traffic management due to effective cost and environmental consciousness. Even smart buildings with passive building management systems (e.g., automated lighting and climate systems) will soon be a standard in new applications and constructions. We are seeing serious government commitment to digital hard infrastructure that smooths the transition from an urban to a smart city movement. Strategic partnerships with international technology companies like Cisco and Huawei are enabling local innovation in smart infrastructure. Saudi Arabia's emphasis on economic diversification and sustainable economic growth will contribute to growth in the smart cities market, which will produce new opportunities for business, and drive better quality of life using digital means in urban areas.

Buy Full Report: https://www.imarcgroup.com/checkout?id=20875&method=1315

Saudi Arabia Smart Cities Industry Segmentation:

The report has segmented the market into the following categories:

Focus Area Insights:

● Smart Transportation
● Smart Ticketing
● Traffic Management System
● Passenger Information Management System
● Freight Information System
● Connected Vehicles
● Others
● Smart Buildings
● Building Energy Optimization
● Emergency Management System
● Parking Management System
● Others
● Smart Utilities
● Advanced Metering Infrastructure
● Distribution Management System
● Substation Automation
● Others
● Smart Citizen Services
● Smart Education
● Smart Healthcare
● Smart Public Safety
● Smart Street Lighting
● Others

Regional Analysis:

● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=20875&flag=C

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145

This release was published on openPR.