The Saudi Arabia ICT Market size is estimated at USD 50.60 billion in 2024, and is expected to reach USD 76.05 billion by 2029, growing at a CAGR of 8.49% during the forecast period (2024-2029).
The Saudi Arabian ICT market is fragmented, with the main factors governing this force being sustainable competitive advantage through innovation, levels of market penetration, barriers to exit, power of competitive strategy, and firm concentration ratio. The major players in the area are IBM Corporation, DELL Technologies Inc., Palo Alto Networks Inc., Amazon Web Services Inc. (AMAZON.COM INC.), and nybl.
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