It Market in Saudi Arabia 2024-2028

IT Market In Saudi Arabia 2024-2028

The IT market in Saudi Arabia is forecasted to grow by USD 5155.3 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the IT market in Saudi Arabia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by launch of national transformation program, widespread use of it in mega projects like neom, and booming E-COMMERCE sector.

Technavio's IT market in Saudi Arabia is segmented as below:

By Component

• Hardware
• Services
• Software

By End-user

• Government
• Telecommunication
• BFSI
• Oil and gas
• Others

By Geographical Landscape

• Middle East and Africa

This study identifies the increasing adoption of e-governance as one of the prime reasons driving the IT market in Saudi Arabia growth during the next few years. Also, emerging technologies gaining traction and focus on diversification of economy and transformation will lead to sizable demand in the market.

The report on the IT market in Saudi Arabia covers the following areas:

• IT market in Saudi Arabia sizing
• IT market in Saudi Arabia forecast
• IT market in Saudi Arabia industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT market in Saudi Arabia vendors that include Accenture PLC, Al Moammar Information Systems Co., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Comprehensive Technology Co., DataFlow Group, Easy World Automation LLC, Ejada Systems Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., IQVIA Holdings Inc., Microsoft Corp., NEC Corp., Oracle Corp., SAP SE, and SAS Institute Inc.. Also, the IT market in Saudi Arabia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.