Saudi Arabia IT Services Market Forecast, 2022–2027

Saudi Arabia IT Services Market Forecast, 2022–2027


This IDC study gives an overview of the IT services industry in the Saudi Arabia in 2022 and forecasts IT services expenditure through 2027. It illustrates market size and distribution by foundation market and vertical market and presents forecasts for 12 foundation market categories.The study answers the following questions:What are IDC's predictions for IT services spending in Saudi Arabia? What are the assumptions behind the forecast numbers? What impact will digital transformation initiatives have on the market?What are the latest trends in IT services delivery in Saudi Arabia (e.g., hybrid cloud, DX, offshoring, and automation)?What are the concerns and preferences of end users in Saudi Arabia regarding IT services procurement?"Saudi Arabia is an exceptional market that comes with its own set of opportunities and challenges. The country is undergoing rapid changes in terms of technology uptake as organizations look to replace their legacy systems with modern alternatives and drive the outcomes required to meet the goals of Saudi Vision 2030. The entire services provider ecosystem must keep up with changes in end-user thinking. On the one hand, end customers have distinct demands, while on the other hand, data security, legislation, and sovereignty requirements present major challenges for the professional services providers they engage." — Program Manager Mufasir Yousuf, IDC Middle East and Africa

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Focus on Value-Based Execution
Exploit Opportunities in the Kingdom's Growing Datacenter Market
Clearly Document ROI
Develop Local Skills
Tap into Spending on Cloud, IoT, and Security
Ensure Portfolios Correlate with Delivery Capabilities
Market Forecast
IDC Analysis of the Support Services Primary Market
Support Services
IDC Analysis of the Project Services Primary Market
Project-Oriented Services
IDC Analysis of the Managed Services Primary Market
Managed Services
Overview of Saudi Arabia IT Services Spending by Vertical Markets
Combined Government
Combined Finance
Telecommunications and Media
Market Context
Drivers and Inhibitors
Drivers
Inhibitors
Significant Market Developments
Economic Momentum
Investments Announced at LEAP
National-Level Strategies
Sustainable Vision
Cloud at the Fore
Changes from Prior Forecast
Market Definition
IDC's Services Markets Overview Map
Methodology
Research Sources
Revenue Recognition
Notes on Forecasting
Notes on the Exchange Rates Used in the Report
Related Research

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