Saudi Arabia analytics as a service market Size, Share, Growth Drivers, Trends, Opportunities & Forecast 2025–2030
Description
Saudi Arabia Analytics as a Service Market Overview
The Saudi Arabia Analytics as a Service Market is valued at USD 690 million, based on a five-year historical analysis. This growth is primarily driven by the rapid adoption of cloud computing, the increasing need for data-driven decision-making, and the surging demand for real-time analytics across key sectors. Organizations are leveraging analytics to enhance operational efficiency, customer engagement, and to support digital transformation initiatives, resulting in robust market expansion .
Key cities such as Riyadh, Jeddah, and Dammam continue to dominate the market due to their role as economic centers with a high concentration of enterprises and government institutions. The presence of multinational corporations and a growing ecosystem of technology startups in these cities fosters a competitive environment, driving innovation and sustained investment in analytics solutions .
The Data Governance Interim Regulations, 2021, issued by the Saudi Data & Artificial Intelligence Authority (SDAIA) and implemented through the National Data Management Office (NDMO), mandate standardized data management practices across public and private sectors. These regulations require organizations to adopt robust data governance frameworks, including data classification, privacy, and security controls, thereby accelerating the adoption of analytics services to enhance decision-making and operational efficiency .
Saudi Arabia Analytics as a Service Market Segmentation
By Type:
The market is segmented into various types of analytics services, including Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Diagnostic Analytics, Real-time Analytics, Cloud-based Analytics, On-premises Analytics, and Others. Each of these sub-segments addresses specific analytical needs and preferences of organizations, with cloud-based and real-time analytics gaining traction due to increasing digital transformation and demand for agility .
The Descriptive Analytics sub-segment remains dominant due to its effectiveness in providing insights from historical data, supporting organizations in understanding past performance and trends. This analytics type is widely adopted across sectors such as retail, healthcare, and finance, aiding in operational reporting and strategic decision-making. The growing need for organizations to extract actionable insights from historical datasets continues to drive the expansion of this segment .
By Enterprise Size:
The market is categorized by enterprise size into Large Enterprises and Small and Medium-sized Enterprises (SMEs). Each category has distinct requirements and adoption patterns for analytics services, with large enterprises leading in adoption due to greater resources and more complex data environments .
Large Enterprises dominate the market, leveraging substantial budgets and advanced IT infrastructure to invest in comprehensive analytics solutions. These organizations require sophisticated analytics to manage extensive data volumes and derive actionable business insights. The ongoing digital transformation among major corporations further accelerates demand for analytics services, positioning this segment as a primary market driver .
Saudi Arabia Analytics as a Service Market Competitive Landscape
The Saudi Arabia Analytics as a Service Market is characterized by a dynamic mix of regional and international players. Leading participants such as SAP SE, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute Inc., Tableau Software, LLC, QlikTech International AB, Google LLC, Amazon Web Services, Inc., Teradata Corporation, MicroStrategy Incorporated, Domo, Inc., Alteryx, Inc., Sisense Inc., TIBCO Software Inc., Cloudera, Inc., Salesforce, Inc., ServiceNow, Inc., HData Systems, Quant Data & Analytics, Comprehensive Technology Company (CompTechCo), SEIDOR, Sadeem Knowledge, Environmental Systems Research Institute, Inc. (Esri), and Midis Group contribute to innovation, geographic expansion, and service delivery in this space .
SAP SE
1972
Walldorf, Germany
IBM Corporation
1911
Armonk, New York, USA
Microsoft Corporation
1975
Redmond, Washington, USA
Oracle Corporation
1977
Austin, Texas, USA
SAS Institute Inc.
1976
Cary, North Carolina, USA
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate (Saudi Arabia)
Market Share in Saudi Arabia Analytics as a Service
Number of Active Clients in Saudi Arabia
Customer Acquisition Cost
Customer Retention Rate
Saudi Arabia Analytics as a Service Market Industry Analysis
Growth Drivers
Increasing Demand for Data-Driven Decision Making:
The Saudi Arabian economy is increasingly recognizing the importance of data-driven decision making, with the market for analytics expected to reach approximately SAR 1.5 billion in future. This growth is fueled by the need for businesses to enhance operational efficiency and improve customer insights. The World Bank reported that the country's GDP growth rate is projected at 2.7% in future, further driving the demand for analytics solutions across various sectors.
Rapid Digital Transformation Across Industries:
Saudi Arabia's Vision 2030 initiative aims to diversify the economy and promote digital transformation, with investments exceeding SAR 12 billion in technology infrastructure. The digital economy is expected to contribute around 15% to the GDP in future. This transformation is leading to increased adoption of analytics as businesses seek to leverage data for competitive advantage, resulting in a surge in demand for analytics as a service.
Government Initiatives Promoting Smart City Projects:
The Saudi government has allocated SAR 50 billion for smart city projects, including NEOM and the Red Sea Project, which emphasize the integration of advanced analytics. These initiatives are expected to create over 1.5 million jobs in future, driving the need for analytics solutions to manage urban data effectively. The focus on smart cities is anticipated to significantly boost the analytics market as cities become more data-centric.
Market Challenges
Data Privacy and Security Concerns:
As the analytics market expands, data privacy and security remain significant challenges. The Saudi Data and Artificial Intelligence Authority (SDAIA) has reported that 70% of organizations face difficulties in ensuring data compliance with local regulations. This concern can hinder the adoption of analytics solutions, as businesses prioritize safeguarding sensitive information over implementing new technologies, potentially stalling market growth.
Lack of Skilled Workforce in Analytics:
The shortage of skilled professionals in analytics is a pressing issue, with estimates indicating a gap of over 30,000 data scientists in Saudi Arabia in future. The Saudi government has initiated training programs, but the current workforce is still insufficient to meet the growing demand for analytics expertise. This skills gap poses a challenge for companies looking to leverage analytics effectively, impacting overall market development.
Saudi Arabia Analytics as a Service Market Future Outlook
The future of the Saudi Arabia analytics as a service market appears promising, driven by ongoing digital transformation and government support for technology adoption. As organizations increasingly prioritize data-driven strategies, the demand for advanced analytics solutions is expected to rise. Furthermore, the integration of artificial intelligence and machine learning into analytics platforms will enhance capabilities, enabling businesses to derive deeper insights and improve decision-making processes, ultimately fostering a more data-centric economy.
Market Opportunities
Expansion of AI and Machine Learning Applications:
The integration of AI and machine learning into analytics services presents a significant opportunity, with the market for AI in Saudi Arabia projected to reach SAR 20 billion in future. This growth will enable businesses to automate processes and enhance predictive capabilities, driving further adoption of analytics solutions across various sectors.
Increased Focus on Customer Experience Enhancement:
Companies are increasingly recognizing the importance of customer experience, with investments in analytics solutions aimed at improving engagement projected to exceed SAR 5 billion in future. This focus on customer-centric strategies will create opportunities for analytics providers to offer tailored solutions that enhance customer insights and drive loyalty.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Saudi Arabia Analytics as a Service Market is valued at USD 690 million, based on a five-year historical analysis. This growth is primarily driven by the rapid adoption of cloud computing, the increasing need for data-driven decision-making, and the surging demand for real-time analytics across key sectors. Organizations are leveraging analytics to enhance operational efficiency, customer engagement, and to support digital transformation initiatives, resulting in robust market expansion .
Key cities such as Riyadh, Jeddah, and Dammam continue to dominate the market due to their role as economic centers with a high concentration of enterprises and government institutions. The presence of multinational corporations and a growing ecosystem of technology startups in these cities fosters a competitive environment, driving innovation and sustained investment in analytics solutions .
The Data Governance Interim Regulations, 2021, issued by the Saudi Data & Artificial Intelligence Authority (SDAIA) and implemented through the National Data Management Office (NDMO), mandate standardized data management practices across public and private sectors. These regulations require organizations to adopt robust data governance frameworks, including data classification, privacy, and security controls, thereby accelerating the adoption of analytics services to enhance decision-making and operational efficiency .
Saudi Arabia Analytics as a Service Market Segmentation
By Type:
The market is segmented into various types of analytics services, including Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Diagnostic Analytics, Real-time Analytics, Cloud-based Analytics, On-premises Analytics, and Others. Each of these sub-segments addresses specific analytical needs and preferences of organizations, with cloud-based and real-time analytics gaining traction due to increasing digital transformation and demand for agility .
The Descriptive Analytics sub-segment remains dominant due to its effectiveness in providing insights from historical data, supporting organizations in understanding past performance and trends. This analytics type is widely adopted across sectors such as retail, healthcare, and finance, aiding in operational reporting and strategic decision-making. The growing need for organizations to extract actionable insights from historical datasets continues to drive the expansion of this segment .
By Enterprise Size:
The market is categorized by enterprise size into Large Enterprises and Small and Medium-sized Enterprises (SMEs). Each category has distinct requirements and adoption patterns for analytics services, with large enterprises leading in adoption due to greater resources and more complex data environments .
Large Enterprises dominate the market, leveraging substantial budgets and advanced IT infrastructure to invest in comprehensive analytics solutions. These organizations require sophisticated analytics to manage extensive data volumes and derive actionable business insights. The ongoing digital transformation among major corporations further accelerates demand for analytics services, positioning this segment as a primary market driver .
Saudi Arabia Analytics as a Service Market Competitive Landscape
The Saudi Arabia Analytics as a Service Market is characterized by a dynamic mix of regional and international players. Leading participants such as SAP SE, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute Inc., Tableau Software, LLC, QlikTech International AB, Google LLC, Amazon Web Services, Inc., Teradata Corporation, MicroStrategy Incorporated, Domo, Inc., Alteryx, Inc., Sisense Inc., TIBCO Software Inc., Cloudera, Inc., Salesforce, Inc., ServiceNow, Inc., HData Systems, Quant Data & Analytics, Comprehensive Technology Company (CompTechCo), SEIDOR, Sadeem Knowledge, Environmental Systems Research Institute, Inc. (Esri), and Midis Group contribute to innovation, geographic expansion, and service delivery in this space .
SAP SE
1972
Walldorf, Germany
IBM Corporation
1911
Armonk, New York, USA
Microsoft Corporation
1975
Redmond, Washington, USA
Oracle Corporation
1977
Austin, Texas, USA
SAS Institute Inc.
1976
Cary, North Carolina, USA
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate (Saudi Arabia)
Market Share in Saudi Arabia Analytics as a Service
Number of Active Clients in Saudi Arabia
Customer Acquisition Cost
Customer Retention Rate
Saudi Arabia Analytics as a Service Market Industry Analysis
Growth Drivers
Increasing Demand for Data-Driven Decision Making:
The Saudi Arabian economy is increasingly recognizing the importance of data-driven decision making, with the market for analytics expected to reach approximately SAR 1.5 billion in future. This growth is fueled by the need for businesses to enhance operational efficiency and improve customer insights. The World Bank reported that the country's GDP growth rate is projected at 2.7% in future, further driving the demand for analytics solutions across various sectors.
Rapid Digital Transformation Across Industries:
Saudi Arabia's Vision 2030 initiative aims to diversify the economy and promote digital transformation, with investments exceeding SAR 12 billion in technology infrastructure. The digital economy is expected to contribute around 15% to the GDP in future. This transformation is leading to increased adoption of analytics as businesses seek to leverage data for competitive advantage, resulting in a surge in demand for analytics as a service.
Government Initiatives Promoting Smart City Projects:
The Saudi government has allocated SAR 50 billion for smart city projects, including NEOM and the Red Sea Project, which emphasize the integration of advanced analytics. These initiatives are expected to create over 1.5 million jobs in future, driving the need for analytics solutions to manage urban data effectively. The focus on smart cities is anticipated to significantly boost the analytics market as cities become more data-centric.
Market Challenges
Data Privacy and Security Concerns:
As the analytics market expands, data privacy and security remain significant challenges. The Saudi Data and Artificial Intelligence Authority (SDAIA) has reported that 70% of organizations face difficulties in ensuring data compliance with local regulations. This concern can hinder the adoption of analytics solutions, as businesses prioritize safeguarding sensitive information over implementing new technologies, potentially stalling market growth.
Lack of Skilled Workforce in Analytics:
The shortage of skilled professionals in analytics is a pressing issue, with estimates indicating a gap of over 30,000 data scientists in Saudi Arabia in future. The Saudi government has initiated training programs, but the current workforce is still insufficient to meet the growing demand for analytics expertise. This skills gap poses a challenge for companies looking to leverage analytics effectively, impacting overall market development.
Saudi Arabia Analytics as a Service Market Future Outlook
The future of the Saudi Arabia analytics as a service market appears promising, driven by ongoing digital transformation and government support for technology adoption. As organizations increasingly prioritize data-driven strategies, the demand for advanced analytics solutions is expected to rise. Furthermore, the integration of artificial intelligence and machine learning into analytics platforms will enhance capabilities, enabling businesses to derive deeper insights and improve decision-making processes, ultimately fostering a more data-centric economy.
Market Opportunities
Expansion of AI and Machine Learning Applications:
The integration of AI and machine learning into analytics services presents a significant opportunity, with the market for AI in Saudi Arabia projected to reach SAR 20 billion in future. This growth will enable businesses to automate processes and enhance predictive capabilities, driving further adoption of analytics solutions across various sectors.
Increased Focus on Customer Experience Enhancement:
Companies are increasingly recognizing the importance of customer experience, with investments in analytics solutions aimed at improving engagement projected to exceed SAR 5 billion in future. This focus on customer-centric strategies will create opportunities for analytics providers to offer tailored solutions that enhance customer insights and drive loyalty.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
92 Pages
- 1. Saudi Arabia analytics as a service Size, Share, Growth Drivers, Trends, Opportunities & – Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. Saudi Arabia analytics as a service Size, Share, Growth Drivers, Trends, Opportunities & – Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. Saudi Arabia analytics as a service Size, Share, Growth Drivers, Trends, Opportunities & – Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing demand for data-driven decision making
- 3.1.2. Rapid digital transformation across industries
- 3.1.3. Government initiatives promoting smart city projects
- 3.1.4. Rising adoption of cloud-based solutions
- 3.2. Restraints
- 3.2.1. Data privacy and security concerns
- 3.2.2. Lack of skilled workforce in analytics
- 3.2.3. High initial investment costs
- 3.2.4. Integration issues with existing systems
- 3.3. Opportunities
- 3.3.1. Expansion of AI and machine learning applications
- 3.3.2. Growing interest in predictive analytics
- 3.3.3. Increased focus on customer experience enhancement
- 3.3.4. Potential for partnerships with local tech firms
- 3.4. Trends
- 3.4.1. Shift towards real-time analytics
- 3.4.2. Emergence of self-service analytics tools
- 3.4.3. Rise of data visualization technologies
- 3.4.4. Increased investment in data governance
- 3.5. Government Regulation
- 3.5.1. Data protection laws and compliance requirements
- 3.5.2. Regulations promoting digital transformation
- 3.5.3. Policies supporting local data centers
- 3.5.4. Incentives for technology adoption in SMEs
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. Saudi Arabia analytics as a service Size, Share, Growth Drivers, Trends, Opportunities & – Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Descriptive Analytics
- 4.1.2. Predictive Analytics
- 4.1.3. Prescriptive Analytics
- 4.1.4. Diagnostic Analytics
- 4.1.5. Others
- 4.2. By Enterprise Size (in Value %)
- 4.2.1. Large Enterprises
- 4.2.2. Small and Medium-sized Enterprises (SMEs)
- 4.3. By End-User (in Value %)
- 4.3.1. BFSI (Banking, Financial Services, and Insurance)
- 4.3.2. Retail & E-commerce
- 4.3.3. Government
- 4.3.4. IT & Telecom
- 4.3.5. Healthcare
- 4.3.6. Others
- 4.4. By Application (in Value %)
- 4.4.1. Customer Analytics
- 4.4.2. Operational Analytics
- 4.4.3. Marketing Analytics
- 4.4.4. Risk Analytics
- 4.4.5. Others
- 4.5. By Deployment Model (in Value %)
- 4.5.1. Public Cloud
- 4.5.2. Private Cloud
- 4.5.3. Hybrid Cloud
- 4.5.4. Others
- 4.6. By Region (in Value %)
- 4.6.1. Central Region
- 4.6.2. Eastern Region
- 4.6.3. Western Region
- 4.6.4. Southern Region
- 4.6.5. Northern Region
- 5. Saudi Arabia analytics as a service Size, Share, Growth Drivers, Trends, Opportunities & – Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. SAP SE
- 5.1.2. IBM Corporation
- 5.1.3. Microsoft Corporation
- 5.1.4. Oracle Corporation
- 5.1.5. SAS Institute Inc.
- 5.2. Cross Comparison Parameters
- 5.2.1. Revenue
- 5.2.2. Market Share
- 5.2.3. Number of Clients
- 5.2.4. Growth Rate
- 5.2.5. Service Offerings
- 6. Saudi Arabia analytics as a service Size, Share, Growth Drivers, Trends, Opportunities & – Market Regulatory Framework
- 6.1. Compliance Requirements and Audits
- 6.2. Certification Processes
- 7. Saudi Arabia analytics as a service Size, Share, Growth Drivers, Trends, Opportunities & – Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. Saudi Arabia analytics as a service Size, Share, Growth Drivers, Trends, Opportunities & – Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By Enterprise Size (in Value %)
- 8.3. By End-User (in Value %)
- 8.4. By Application (in Value %)
- 8.5. By Deployment Model (in Value %)
- 8.6. By Region (in Value %)
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