The Saudi Arabia Telecom Market size is estimated at USD 18.32 billion in 2024, and is expected to reach USD 22.22 billion by 2029, growing at a CAGR of 3.92% during the forecast period (2024-2029).
The Saudi Arabia Telecom Market demonstrates a semi-consolidated landscape, featuring major players like Saudi Telecom Company (STC), Integrated Telecom Company (SALAM), Etihad Atheeb Telecommunications Company (GO), Zain KSA, and Etihad Etisalat (Mobily). These market participants are actively engaging in strategies such as partnerships and acquisitions to augment their service portfolios and establish sustainable competitive advantages.
In August 2023, Salam made a strategic move by selecting Oracle to drive 5G innovation throughout the Middle East. The company aims to replace its legacy systems with a comprehensive, modern stack by integrating Oracle Unified Operations, Oracle Cloud Scale Monetization solutions, and Oracle CRM Sales. This integration will empower Salam to offer distinct promotion bundles across diverse consumer segments. With automated orchestration, Salam anticipates expediting the introduction of new and existing digital services, such as AR/VR gaming, 5G-enabled streaming, and IoT-connected devices, thereby accelerating time to revenue.
In May 2023, Arabsat disclosed its collaboration with Loft Orbital to define the mission for future infrastructure in low earth orbit (LEO). This collaboration aims to design infrastructure catering to the diverse needs of Arabsat’s customers across various sectors.
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