Saudi Arabia Spatial Computing Market Size & Outlook
Saudi Arabia spatial computing market, 2018-2030 (US$M)
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Saudi Arabia spatial computing market highlights
- The Saudi Arabia spatial computing market generated a revenue of USD 1,502.3 million in 2023 and is expected to reach USD 5,517.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 20.4% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Spatial computing market data book summary
| Market revenue in 2023 | USD 1,502.3 million |
| Market revenue in 2030 | USD 5,517.8 million |
| Growth rate | 20.4% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Apple Inc, Alphabet Inc Class A, Lenovo Group Ltd, HTC Corp DR, Microsoft Corp, NVIDIA Corp, PTC, Qualcomm Inc, Oculus VisionTech Inc, Seiko Epson Corp, Sony Group Corp ADR, Unity Software Inc Ordinary Shares, Vuzix Corp, Avegant, Blippar, DAQRI, Magic Leap, 3D Cloud, Zappar |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.2% of the global spatial computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia spatial computing market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,826.5 million by 2030.
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Spatial Computing Market Scope
Spatial Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia spatial computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to spatial computing market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 65.79% in 2023. Horizon Databook has segmented the Saudi Arabia spatial computing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The ongoing proliferation of smart consumer electronic solutions and technologically advanced gadgets is paving way for the regional market growth. Moreover, the increasing number of companies, institutions, government bodies, and agencies adopting immersive technologies is accelerating the market growth further.
For instance, in June 2023, the Transport General Authority (TGA) of Saudi Arabia introduced VR glasses with an aim to monitor the vehicles during the season of Haj. This technology will help in verifying the legal status of the vehicle and the driver quickly.
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Target buyers of Saudi Arabia spatial computing market databook
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Our clientele includes a mix of spatial computing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia spatial computing market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia spatial computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia spatial computing market size, by component, 2018-2030 (US$M)
Saudi Arabia Spatial Computing Market Outlook Share, 2023 & 2030 (US$M)
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