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Saudi Arabia Smart Cities Market by Functional Area (Smart Infrastructure, Smart Governance & Smart Education, Smart Energy. Smart Mobility, Smart Healthcare, Smart Buildings, and Others): Saudi Arabia Opportunity Analysis and Industry Forecast, 2020–2027

A10247
Pages: 159
Feb 2021 | 1801 Views
   
Author(s) : Vishwa Gaul
Tables: 61
Charts: 50
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Saudi Arabia Smart Cities Market: 2027 

The Saudi Arabia smart cities market size was valued at $3,552.1 million in 2019, and is projected to reach $14,745.2 million by 2027, growing at a CAGR of 19.6% from 2020 to 2027. Smart cities encourage sustainable economic development and high quality of life to address growing urbanization challenges through the use of Information and Communication Technologies (ICTs) in various areas, including economy, environment, mobility, health, living, and governance. The main objective of the smart city mission is to stimulate economic growth and improve the quality of life of individuals by enabling local development and harnessing technology, particularly the technology leading to smarter results.

The COVID-19 outbreak had a positive impact on growth of the Saudi Arabia smart cities market due to constant rise in demand for smart cities solutions. This demand is mainly attributed to growing number of smart cities initiatives & smart infrastructure projects. In addition, increasing investment on smart city projects by the Kingdom of Saudi Arabia such as NEOM city and ‘Saudi Vision 2030’ are boosting the growth of this market.

Smart cities comprise several constituents, including smart buildings, smart transport systems, smart security & safety services, parks fitted with smart communication systems (Wi-Fi), smart rain & floods drainage networks, smart street lighting systems, fast emergency response system, and smart economy supportive of SMEs and large companies. 

Saudi-Arabia-Smart-Cities-Market-2020-2027

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By functional area, the smart infrastructure segment dominated the Saudi Arabia smart cities market share in 2019, and is expected to continue its dominance in the coming years, owing to increase in trends of IoT device adoption across the Kingdom of Saudi Arabia (KSA). Smart transportation under the solution sub-segment held the largest smart cities market share, owing to its energy-efficiency and cost-effectiveness. Therefore, there is a need for smart transportation solutions, with the increase in the number of smart city plans across the kingdom. Smart transportation solutions help to save on high energy consumption and promote the sustainability of a smart city while providing residents a fast and reliable mode for their commute. 

By functional area, the smart energy segment is expected to exhibit the highest CAGR during the forecast period, owing to effective distribution, production, and management of energy resources. Furthermore, the smart grid segment is anticipated to maintain a large market share, owing to the various efforts and practices adopted by the government to minimize the usage and wastage of energy across the KSA. Smart grid solutions are gaining ground in the country due to their energy-efficient and cost-saving features.

Saudi Arabia Smart Cities Market
By Functional Area

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Smart Energy segment is projected as one of the most lucrative segments during the forecast period.

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The smart cities market prospered in the Saudi Arabian region in 2019, owing to great investments on smart cities projects and technological advancements pertaining to the market. In line with the Saudi Vision 2030 objectives, Saudi authorities have planned to start the implementation of the smart city project in 10 cities across the kingdom. Primarily, this initiative is expected to target five Saudi cities, Makkah, Riyadh, Jeddah, Al-Madinah, and Al-Ahsa, respectively. Rapid urbanization also boosts the market growth particularly in metropolitan areas such as Riyadh, Dammam, Jeddah, and Makkah. Moreover, leadership in the region is focusing more on the implementation of technologically advanced, cost-effective, and environment-friendly living solutions. For instance, in January 2021, Saudi Arabian Crown Prince announced plans to build ‘The Line’ project - a 170km belt of hyper-connected future communities, without cars, streets & no carbon emissions & having smart infrastructure. These factors are expected to drive the Saudi Arabia smart cities market growth of the during the forecast period.

COVID-19 impact analysis

The COVID-19 pandemic is anticipated to have a considerable impact on the growth of the Saudi Arabia smart cities market. Although the COVID-19 emergence has affected the overall major industrial sectors, the smart cities market is expected to witness continuous revenue growth, owing to an increase in requirement from sectors such as healthcare systems, transportation systems, governance solutions & services, and others. Furthermore, there is a high demand for healthcare systems in cities that require minimal human contact, owing to lockdown imposed across various countries to contain the COVID-19 virus. This effort is headed by Dallah Healthcare, with telemedicine solutions provided to the citizens of Saudi Arabia without having to leave their homes during the pandemic.

The report focuses on Saudi Arabia smart cities market trends, growth prospects, and restraints. Moreover, the study includes Porter’s five forces analysis of the industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the given market.

Segment review

The Saudi Arabia smart cities market is segmented on the basis of functional area including smart infrastructure, smart governance, and smart education, smart energy, smart mobility, smart healthcare, smart buildings, and others.

The key players operating in the Saudi Arabia smart cities market analysis AT&T, Inc., Cisco Systems Inc., Ericsson, General Electric, Hitachi Ltd., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, and Schneider Electric SE.

Top impacting factors

The rise in demand for sustainable and eco-friendly cities, government initiatives for smart cities, infrastructural development in the regions, and development of new economic sectors to reduce the country’s dependence on oil and petroleum sectors drive the growth of Saudi Arabia smart cities market. However, data safety & privacy concerns and higher investment costs for the development of smart cities are expected to hamper the market growth during the forecast period. Furthermore, green initiatives and developments in the field of the Internet of Things (IoT) and cloud-applications are anticipated to provide lucrative opportunities for the market growth.

Proactive government smart cities initiatives and investments

The Kingship of Saudi Arabia is strongly committed toward building modern smart cities and intelligent homes for Saudi people and in recent years several new smart-city initiatives have been proposed to boost the quality of living of Saudi Arabia's residents, as well as to modern cities and towns. On April 25, 2016, Mohammad bin Salman, Crown Prince of Saudi Arabia, launched a highly ambitious "Saudi Vision 2030" project to reduce the reliance on a single revenue source, oil that contributes more than 30% to the country's total GDP. The authority plans to invest on Saudi 2030 under the National Transformation Program, entertainment, and tourism industries. In connection with this initiative, the KSA collaborated with several international companies to build world-class smart cities, primarily aiming to provide more than 84% of Saudi people living in urban environments with new, smart housing.

The need to develop environmental and eco-friendliness of smart cities

Smart city is a greener and environmentally sustainable initiative that allows the country to seamlessly and efficiently reduce its carbon footprint and handle pollution levels. Smart city technology offers new opportunities, improved interactivity and interactions for residents. Smart cities encourage improved living conditions in an environmentally sustainable, flexible and dynamic place. Smart systems help to forecast future needs, save power, predict, identify and prevent problems, improve operational efficiency, create new ways of interacting with the environment designed and with its users.

Smart city initiatives, such as NEOM which were funded by the KSA, are expected to provide an energy-efficient system designed to minimize electricity usage without compromising or minimizing any functional features of the system. Thus, such initiatives to support eco-friendly environment is anticipated to provide lucrative opportunities for smart cities market in Saudi Arabia.

Key Benefits For Stakeholders

  • This study includes the analytical depiction of the Saudi Arabia smart cities market forecast and trends to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and Saudi Arabia smart cities market opportunity.
  • The current market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the Saudi Arabia smart cities industry.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Saudi Arabia smart cities market.

Key Market Segments

By Functional area:

  • Smart Infrastructure
    • Smart Transportation
    • Smart Water Management
    • Smart Stadium
    • Smart Public Safety & Security
    • Smart Lighting
    • Others
  • Smart Governance & Education
    • Smart Governance
    • Smart Education
  • Smart Energy
    • Power Electronics
    • Smart Energy Storage
  • Smart Mobility
    • Smart Ticketing
    • Smart Parking
    • Others
  • Smart Healthcare
    • Connected Healthcare
    • Telemedicine
    • Others
  • Smart Building
    • Facility Management Systems
    • Buildings Safety & security
    • Others
  • Others

Key Market Players

  • AT&T, Inc.
  • Cisco Systems Inc.
  • Ericsson
  • General Electric
  • Hitachi Ltd.
  • Huawei Technologies Co., Ltd.
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.RESEARCH METHODOLOGY

1.3.1.Secondary research
1.3.2.Primary research
1.3.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.KEY FINDINGS

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.PORTER'S FIVE FORCES ANALYSIS
3.3.MARKET DYNAMICS

3.3.1.Drivers

3.3.1.1.Proactive government smart cities initiatives and investments
3.3.1.2.Effort to modernize the economy and developing standard of living
3.3.1.3.Efforts to decrease oil dependency

3.3.2.Restraints

3.3.2.1.Data Security and privacy concerns with smart cities
3.3.2.2.High implementation costs

3.3.3.Opportunities

3.3.3.1.Advancements in IoT and Cloud technologies
3.3.3.2.Environment friendliness of smart cities

3.4.KEY PLAYER POSITIONING, 2019
3.5.COVID-19 IMPACT ANALYSIS ON SAUDI ARABIA SMART CITIES MARKET:

3.5.1.Impact on market size
3.5.2.Consumer trends, preferences, and budget impact
3.5.3.Regulatory framework
3.5.4.Economic impact
3.5.5.Key player strategies to tackle negative impact
3.5.6.Opportunity window

CHAPTER 4:SMART CITIES MARKET, BY FUNCTIONAL AREA

4.1.OVERVIEW
4.2.SMART INFRASTRUCTURE

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by country
4.2.3.Smart Infrastructure market size and forecast, by functional area

4.3.SMART GOVERNANCE AND SMART EDUCATION

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by country
4.3.3.Smart governance and smart education market size and forecast, by functional area

4.4.SMART ENERGY

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by country
4.4.3.Smart energy market size and forecast, by functional area

4.5.SMART MOBILITY

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by country
4.5.3.Smart mobility market size and forecast, by functional area

4.6.SMART HEALTHCARE

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by country
4.6.3.Smart healthcare market size and forecast, by functional area

4.7.SMART BUILDINGS

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast, by country
4.7.3.Smart buildings market size and forecast, by functional area

4.8.OTHERS

4.8.1.Key market trends, growth factors, and opportunities
4.8.2.Market size and forecast, by country

CHAPTER 5:COMPETITIVE LANDSCAPE

5.1.KEY PLAYER POSITIONING
5.2.COMPETITIVE DASHBOARD
5.3.TOP WINNING STRATEGIES
5.4.KEY DEVELOPMENTS

5.4.1.New product launches
5.4.2.Product development
5.4.3.Collaboration
5.4.4.Acquisition
5.4.5.Partnership
5.4.6.Agreement
5.4.7.Business expansion

CHAPTER 6:COMPANY PROFILES

6.1.AT&T INC.

6.1.1.Company overview
6.1.2.Company snapshot
6.1.3.Operating business segments
6.1.4.Product portfolio
6.1.5.Business performance
6.1.6.Key strategic moves and developments

6.2.CISCO SYSTEMS, INC.

6.2.1.Company overview
6.2.2.Company snapshot
6.2.3.Operating business segments
6.2.4.Product portfolio
6.2.5.Business performance
6.2.6.Key strategic moves and developments

6.3.ERICSSON

6.3.1.Company overview
6.3.2.Company snapshot
6.3.3.Operating business segments
6.3.4.Product portfolio
6.3.5.Business performance
6.3.6.Key strategic moves and developments

6.4.GENERAL ELECTRIC

6.4.1.Company overview
6.4.2.Company snapshot
6.4.3.Operating business segments
6.4.4.Product portfolio
6.4.5.Business performance
6.4.6.Key strategic moves and developments

6.5.HITACHI, LTD.

6.5.1.Company overview
6.5.2.Company snapshot
6.5.3.Operating business segments
6.5.4.Product portfolio
6.5.5.Business performance
6.5.6.Key strategic moves and developments

6.6.HUAWEI TECHNOLOGIES CO., LTD.

6.6.1.Company overview
6.6.2.Company snapshot
6.6.3.Operating business segments
6.6.4.Product portfolio
6.6.5.Business performance
6.6.6.Key strategic moves and developments

6.7.IBM CORPORATION

6.7.1.Company overview
6.7.2.Company snapshot
6.7.3.Operating business segments
6.7.4.Product portfolio
6.7.5.Business performance
6.7.6.Key strategic moves and developments

6.8.INTEL CORPORATION

6.8.1.Company overview
6.8.2.Company snapshot
6.8.3.Operating business segments
6.8.4.Product portfolio
6.8.5.Business performance
6.8.6.Key strategic moves and developments

6.9.MICROSOFT CORPORATION

6.9.1.Company overview
6.9.2.Company snapshot
6.9.3.Operating business segments
6.9.4.Product portfolio
6.9.5.Business performance
6.9.6.Key strategic moves and developments

6.10.SCHNEIDER ELECTRIC

6.10.1.Company overview
6.10.2.Company snapshot
6.10.3.Operating business segments
6.10.4.Product portfolio
6.10.5.Business performance
6.10.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.SAUDI ARABIA SMART CITIES MARKET REVENUE, BY FUNCTIONAL AREA, 2019-2027 ($MILLION)
TABLE 02.SMART INFRASTRUCTURE MARKET REVENUE, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 03.SMART INFRASTRUCTURE MARKET REVENUE, BY FUNCTIONAL AREA, 2019-2027 ($MILLION)
TABLE 04.SMART GOVERNANCE AND SMART EDUCATION MARKET REVENUE, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 05.SMART GOVERNANCE AND SMART EDUCATION MARKET REVENUE, BY FUNCTIONAL AREA, 2019-2027 ($MILLION)
TABLE 06.SMART ENERGY MARKET REVENUE, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 07.SMART ENERGY MARKET REVENUE, BY FUNCTIONAL AREA, 2019-2027 ($MILLION)
TABLE 08.SMART MOBILITY MARKET REVENUE, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 09.SMART MOBILITY MARKET REVENUE, BY FUNCTIONAL AREA, 2019-2027 ($MILLION)
TABLE 10.SMART HEALTHCARE MARKET REVENUE, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 11.SMART HEALTHCARE MARKET REVENUE, BY FUNCTIONAL AREA, 2019-2027 ($MILLION)
TABLE 12.SMART BUILDINGS MARKET REVENUE, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 13.SMART BUILDINGS MARKET REVENUE, BY FUNCTIONAL AREA, 2019-2027 ($MILLION)
TABLE 14.SMART CITIES MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019-2027 ($MILLION)
TABLE 15.KEY NEW PRODUCT LAUNCHES (2017-2020)
TABLE 16.PRODUCT DEVELOPMENT (2017-2020)
TABLE 17.COLLABORATION (2017-2020)
TABLE 18.ACQUISTION (2017-2020)
TABLE 19.PARTNERSHIP (2017-2020)
TABLE 20.AGREEMENT (2017-2020)
TABLE 21.BUSINESS EXPANSION (2017-2020)
TABLE 22.AT&T INC.: COMPANY SNAPSHOT
TABLE 23.AT&T INC.: OPERATING SEGMENTS
TABLE 24.AT&T INC.: PRODUCT PORTFOLIO
TABLE 25.AT&T INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 26.CISCO SYSTEMS, INC.:  COMPANY SNAPSHOT
TABLE 27.CISCO SYSTEMS, INC.: PRODUCT CATEGORIES
TABLE 28.CISCO SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 29.CISCO SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 30.ERICSSON: COMPANY SNAPSHOT
TABLE 31.ERICSSON: PRODUCT CATEGORY
TABLE 32.ERICSSON: PRODUCT PORTFOLIO
TABLE 33.ERICSSON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 34.GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 35.GENERAL ELECTRIC: OPERATING SEGMENTS
TABLE 36.GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 37.GENERAL ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 38.HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 39.HITACHI, LTD.: OPERATING SEGMENTS
TABLE 40.HITACHI, LTD.: PRODUCT PORTFOLIO
TABLE 41.HITACHI, LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 42.HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
TABLE 43.HUAWEI TECHNOLOGIES CO., LTD.: OPERATING SEGMENTS
TABLE 44.HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT PORTFOLIO
TABLE 45.HUAWEI TECHNOLOGIES CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 46.IBM CORPORATION: COMPANY SNAPSHOT
TABLE 47.IBM CORPORATION: OPERATING SEGMENTS
TABLE 48.IBM CORPORATION: PRODUCT PORTFOLIO
TABLE 49.IBM CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 50.INTEL CORPORATION: COMPANY SNAPSHOT
TABLE 51.INTEL CORPORATION: OPERATING SEGMENTS
TABLE 52.INTEL CORPORATION: PRODUCT PORTFOLIO
TABLE 53.INTEL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 54.MICROSOFT CORPORATION: COMPANY SNAPSHOT
TABLE 55.MICROSOFT CORPORATION: OPERATING SEGMENTS
TABLE 56.MICROSOFT CORPORATION: PRODUCT PORTFOLIO
TABLE 57.MICROSOFT CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 58.SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 59.SCHNEIDER ELECTRIC: OPERATING SEGMENTS
TABLE 60.SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 61.SCHNEIDER ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.SAUDI ARABIA SMART CITIES MARKET, 2019-2027
FIGURE 02.SMART CITIES MARKET, BY REGION, 2019-2027
FIGURE 03.SAUDI ARABIA SMART CITIES MARKET: KEY PLAYERS
FIGURE 04.SMART CITIES MARKET: TOP IMPACTING FACTOR
FIGURE 05.SMART CITIES MARKET: TOP INVESTMENT POCKETS
FIGURE 06.SAUDI ARABIA SMART CITIES MARKET SEGMENTATION
FIGURE 07.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIER
FIGURE 08.MODERATE-TO-HIGH BARGAINING POWER OF BUYER
FIGURE 09.MODERATE THREAT OF SUBSTITUTES
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.HIGH COMPETITIVE RIVALRY
FIGURE 12.DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 13.SMART CITIES MARKET: KEY PLAYER POSITIONING, 2019
FIGURE 14.INDONESIA OVER-THE-TOP MARKET: KEY PLAYER POSITIONING, 2018
FIGURE 15.COMPETITIVE DASHBOARD
FIGURE 16.COMPETITIVE DASHBOARD
FIGURE 17.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 18.TOP WINNING STRATEGIES, BY YEAR, 2017-2020
FIGURE 19.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020
FIGURE 20.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020
FIGURE 21.AT&T INC.: REVENUE, 2015–2019 ($MILLION)
FIGURE 22.AT&T INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 23.AT&T INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 24.CISCO SYSTEMS, INC.: REVENUE, 2015–2019 ($MILLION)
FIGURE 25.CISCO SYSTEMS, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 26.CISCO SYSTEMS, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 27.ERICSSON: REVENUE, 2015–2019 ($MILLION)
FIGURE 28.ERICSSON: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 29.ERICSSON: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 30.GENERAL ELECTRIC: REVENUE, 2015–2019 ($MILLION)
FIGURE 31.GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 32.GENERAL ELECTRIC: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 33.HITACHI, LTD.: REVENUE, 2015–2019 ($MILLION)
FIGURE 34.HITACHI, LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 35.HITACHI, LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 36.HUAWEI TECHNOLOGIES CO., LTD.: NET SALES, 2015–2019 ($MILLION)
FIGURE 37.HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 38.HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 39.IBM CORPORATION: REVENUE, 2015–2019 ($MILLION)
FIGURE 40.IBM CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 41.IBM CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 42.INTEL CORPORATION: NET SALES, 2015–2019 ($MILLION)
FIGURE 43.INTEL CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 44.INTEL CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 45.MICROSOFT CORPORATION: REVENUE, 2015–2019 ($MILLION)
FIGURE 46.MICROSOFT CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 47.MICROSOFT CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 48.SCHNEIDER ELECTRIC: REVENUE, 2015–2019 ($MILLION)
FIGURE 49.SCHNEIDER ELECTRIC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 50.SCHNEIDER ELECTRIC: REVENUE SHARE BY REGION, 2019 (%)

 
 

Rise in adoption of Internet of Things (IoT) and cloud-based applications have impacted the growth of the smart city market in the KSA. IoT devices are responsible for providing tools to help monitoring of traffic, noise levels, air quality levels, emission levels from vehicles and various industries. In addition to these IoT, industries have helped to improve healthcare sectors, manufacturing industries, city-wide transportation, and mobility. 

For instance, the KSA gave a contract to Telvent (a subsidiary of Schneider electric) to implement a Smart Mobility Road Suites in Riyadh. King Abdullah Road in Riyadh was chosen for this program. The smart mobility program was funded under smart city plans that the Kingship announced for upgrading Riyadh to be a smart city. This was the first smart mobility project in the kingdom, under which the inter-urban traffic on king Abdullah road and four tunnels were controlled by a single central administration, adding toward security and enhancing the safety of the citizens whilst improving the infrastructure of the city.

Furthermore, Saudi Arabia announced plans for their Saudi vison 2030, a plan to reduce the dependence of Saudi Arabia on oil, to diversify its economy and to build public services. Plans require robots to perform security functions, logistics, home delivery and care and to supply wind and solar power to the region. Under the Saudi vision 2030 initiative, the KSA plans to develop 16 smart cities by the year 2030. This transformational program covers re-development and construction of new smart cities across various territories of the kingdom. These smart city programs promise to give citizens of Saudi Arabia an upper standard of living, with state of the art transport, healthcare, and smart governance facilities. The line is a smart city proposed in Neom in Saudi Arabia, Tabuk which will not have any vehicles, streets, and hence minimal carbon emission. KSA plans to invest $200 billion USD in the development of The Line.
 

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