IT Market in Saudi Arabia by End-user and Component - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41553

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The IT market in Saudi Arabia has the potential to grow by USD 5.00 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.78%.

This IT market research report of Saudi Arabia provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (government, telecommunication, BFSI, oil and gas, and others) and component (hardware, services, and software). The IT market report of Saudi Arabia also offers information on several market vendors, including Accenture Plc, Alphabet Inc., Cisco Systems Inc., Ejada, Hewlett Packard Enterprise Development LP, Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., and SAP SE among others.

What will the IT Market Size in Saudi Arabia be in 2021?

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IT Market in Saudi Arabia: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The launch of the National Transformation Program (NTP) is notably driving the IT market growth in Saudi Arabia growth, although factors such as the increasing threat of cyber-crimes may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the IT industry in Saudi Arabia get your FREE report sample now.

  • The launch of the National Transformation Program (NTP) is one of the key factors expected to trigger the IT market growth in Saudi Arabia.
  • This program focuses on economic and infrastructure development with the use of IT.
  • The use of IT will rise gradually as the Saudi Arabian government aims to advance digital transformation in all sectors of the economy, thus boosting the adoption of IT in Saudi Arabia.
  • The increasing demand for e-governance, one of the key IT market trends in Saudi Arabia, will drive market growth.
  • The Vision 2030 plan is expected to boost the country's e-Government online services, including employment programs, e-learning services, online job searches, and online payment services.
  • Such initiatives will increase the adoption of the IT market in Saudi Arabia, resulting in market growth during the forecast period.

This IT market analysis report of Saudi Arabia also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major IT Market Vendors in Saudi Arabia?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • Alphabet Inc.
  • Cisco Systems Inc.
  • Ejada
  • Hewlett Packard Enterprise Development LP
  • Huawei Investment and Holding Co. Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • SAP SE

 

The IT market in Saudi Arabia is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the IT market forecast report of Saudi Arabia for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating End-user Segments in the IT Market in Saudi Arabia?

IT-Market-In-Saudi-Arabia-Market-Share-by-End-2020-2025

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The IT market share growth in Saudi Arabia by the government segment will be significant during the forecast period. The use of IT in the government sector is primarily in areas such as defense, public utility development, government-controlled energy companies, public healthcare, municipal and rural affairs, and housing development. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the IT market size in Saudi Arabia.

 

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What are the Key Factors Covered in this IT Market Report of Saudi Arabia?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive IT market growth in Saudi Arabia during the next five years
  • Precise estimation of the IT market size in Saudi Arabia and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IT market vendors in Saudi Arabia 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The it market growth will increase by $6.24 billion during 2019-2024.
The it market is expected to grow at a CAGR of 9.00% during 2019-2024.
Technavio has segmented the it market by end user (Government, Telecommunication, BFSI, Oil and Gas, and Others) and geographic (Saudi Arabia, UAE, and Qatar).
Accenture Plc, Alphabet Inc., Cisco Systems Inc., Ejada, Hewlett Packard Enterprise Co., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE are a few of the key vendors in the it market.
Saudi Arabia will register the highest growth rate of 33.33% among the other regions. Therefore, the it market in Saudi Arabia is expected to garner significant business opportunities for the vendors during the forecast period.
  • Saudi Arabia
  • Qatar
  • UAE
The key factors driving the it market growth are:
  • Launch of National Transformation Program (NTP)
The it market vendors should focus on grabbing business opportunities from the government segment as it accounted for the largest market share in the base year.
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