Saudi Arabia Telecom Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Saudi telecom market is anticipated to grow at a CAGR of 3.4% during the forecast period. The market is supported by the increasing demand from the young population, which is linked to rising technology use and expanding telecommunication services. The telecom business in Saudi Arabia is driven by the rising use of open-access models and 5G home broadband services.
Key HighlightsSaudi Arabia's telecom market is consolidated, and STC, Mobily, and Zain KSA are the three dominant players. In terms of mobile penetration, the nation has a saturated telecom sector. As a result, there is not much space for operators to boost their top line by adding more subscribers. Telecom companies in KSA are currently concentrating on using new technology, partnerships, and global expansions to increase the scope of their service offerings. Operators increasingly concentrate on 5G network expansion and the enterprise solution market.
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