Saudi Arabia Smart Cities Market is Expected to Register a 18.64% CAGR Through 2030
Saudi Arabia’s smart
cities market is led by government-driven initiatives focused on digital
infrastructure, sustainability, and urban innovation under Vision 2030, during
the forecast period.
According to
TechSci Research report, “Saudi Arabia Smart Cities Market – 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.
Rapid urbanization is another
major driver accelerating the Saudi Arabia Smart Cities Market. With more than
80 percent of the population residing in urban areas, cities are under pressure
to accommodate growing populations while maintaining quality of life. Smart
mobility solutions—such as intelligent traffic management, electric vehicle
infrastructure, ride-sharing platforms, and integrated public transport—are
helping reduce congestion, emissions, and commute times.
Cities like Riyadh and Jeddah
are investing in autonomous transport networks, smart parking, and multimodal
transit systems to meet increasing demand. These solutions not only improve the
commuter experience but also enhance economic productivity by reducing time
lost in traffic. Mobility-as-a-service platforms are also gaining momentum,
enabling personalized, on-demand travel that fits the digital lifestyle of
Saudi’s urban dwellers. According to General Authority for Statistics data,
Saudi Arabia’s urban population exceeded 35 million in 2024, accounting for
over 84 percent of its total population. This demographic concentration is
driving high demand for intelligent transportation and infrastructure
management, directly fueling the growth of the smart cities market.
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The fastest growing segment
in the Saudi Arabia Smart Cities Market is Smart Buildings &
Infrastructure. This segment is expanding rapidly due to the increasing
emphasis on energy-efficient and technology-driven urban development. As Saudi
Arabia advances its Vision 2030 goals, there is a strong focus on creating
sustainable and connected urban environments, which has accelerated investments
in smart building technologies and infrastructure solutions.
Smart Buildings &
Infrastructure includes advanced systems such as intelligent lighting, HVAC
controls, security, and building management platforms. These innovations not
only enhance operational efficiency but also improve occupant comfort and safety.
The integration of IoT devices and AI-powered analytics allows for real-time
monitoring and proactive management, making buildings more adaptive to
environmental changes and user requirements. This approach aligns with the
country’s efforts to reduce energy consumption and promote greener cities.
Government initiatives and
public-private partnerships further fuel growth in this segment. High-profile
projects like NEOM exemplify the commitment to developing cutting-edge
infrastructure that incorporates renewable energy and smart technology. As a result,
Smart Buildings & Infrastructure is set to remain the leading driver of
growth within Saudi Arabia’s smart city ecosystem.
Western Saudi Arabia has
rapidly emerged as the fastest-growing region in the Kingdom’s Smart Cities
market, propelled by significant government initiatives and large-scale urban
development projects. The region benefits from major investments aimed at transforming
cities like Jeddah and Tabuk into advanced smart urban centers. These projects
emphasize integrating cutting-edge technologies such as Internet of Things
devices, artificial intelligence, and sustainable infrastructure, aligning
closely with Saudi Arabia’s Vision 2030 goals.
Key developments, including
the NEOM city and Jeddah Economic City, are central to this growth. NEOM, a
futuristic mega-city, focuses heavily on smart infrastructure and eco-friendly
solutions, while Jeddah Economic City aims to become a hub for business and
innovation powered by smart technologies. These efforts have attracted both
domestic and international investors, accelerating adoption of smart city
solutions and driving the rapid expansion of digital services, smart utilities,
and intelligent transportation networks throughout the Western region. This
momentum positions Western Saudi Arabia as a critical growth corridor for the
smart cities market over the coming years.
Major companies
operating in the Saudi Arabia Smart Cities Market are:
- Saudi Telecom Company
- NEOM Company
- Siemens AG
- Honeywell International Inc.
- Schneider Electric SE
- Cisco Systems, Inc.
- IBM Corporation
- Huawei Technologies Co., Ltd.
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“Saudi Arabia Smart Cities Market
is set for rapid growth, driven by the country’s Vision 2030 goals to diversify
the economy and improve urban living. Investments in advanced technologies like
IoT, AI, and big data are fueling the development of sustainable
infrastructure, smart transportation, and energy-efficient systems. Major
projects like NEOM and The Line showcase this futuristic vision, aiming to
create highly connected, eco-friendly urban spaces. Increasing urbanization and
government support will accelerate market expansion, making Saudi Arabia a
global leader in smart city innovations, enhancing quality of life and
generating significant economic opportunities.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“Saudi Arabia Smart Cities Market By Component (IoT
Devices & Sensors, Communication & Network Infrastructure, Cloud &
Edge Computing, AI & Analytics, Others), By Application (Smart Mobility
& Transportation, Smart Utilities/Energy, Public Safety & Surveillance,
Smart Buildings & Infrastructure, Environmental Monitoring, Others), By
Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Saudi
Arabia Smart Cities Market and provides statistics & information on Market
size, structure and future Market growth. The report intends to provide
cutting-edge Market intelligence and help decision-makers make sound investment
decisions., The report also identifies and analyzes the emerging trends along
with essential drivers, challenges, and opportunities in the Saudi Arabia Smart
Cities Market.
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