Saudi Arabia - IT Market by Component and End-user- Forecast and Analysis 2023-2027

Published: Oct 2023

Pages: 149

SKU: IRTNTR41553

Snapshot

Saudi Arabia - IT Market Report 2023-2027:

The Saudi Arabia - IT Market size is estimated to grow at a CAGR of 7.48% between 2022 and 2027. The market size is forecast to increase by USD 5.44 billion. The growth of the market depends on several factors, including the launch of a national transformation program, the widespread use of IT in mega projects like NEOM, booming e-commerce sector.

This Saudi Arabia IT Market report extensively covers market segmentation by component (hardware, services, and software), and end-user (government, telecommunication, BFSI, oil and gas, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

What will be the size of the Saudi Arabia IT Market During the Forecast Period?

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Saudi Arabia IT market overview

Driver

The booming e-commerce sector is driving growth in the Saudi Arabian IT market. The government launched a development program in 2016 called the NTP, which is part of the Vision 2030 program. The plan sets out strategies for the diversification of the economy and the creation of new employment opportunities. The use of IT is rapidly growing in Saudi Arabia as the government intends to enable all sectors of the economy digitally, including manufacturing, government, healthcare, and BFSI, under the NTP.

Moreover, the execution of NTP will advance digital transformation (DX) in all sectors of the economy. It underlines DX initiatives, such as improving the reach and quality of broadband connectivity in Saudi Arabia, modernizing the business environment and economy, integrating government data into the Saudi e-Portal gateway, and improving payment systems, which will drive the growth of the market in focus during the forecast period.

Trends

The increasing adoption of e-governance is a key trend in the Saudi Arabia - IT market. Saudi Arabia was ranked 9th in the United Nations (UN) E-Government Development Index (EGDI) in 2020. The economy of Saudi Arabia can be substantially improved through the Vision 2030 program. The government has increased the possibility of online services over the last decade.

Moreover, Vision 2030 also supports the increased use of online applications in government sector agencies, such as cloud applications, data-sharing platforms, and HR management systems. In Saudi Arabia, online services in the government are planned to be strengthened. The country is also expected to see the increased use of cloud computing in other areas as well, which will fuel the growth of the market in focus during the forecast period.

Restrain

The absence of legal frameworks hindering the growth of the IT market is a major challenge faced by the Saudi Arabia - IT market. In Saudi Arabia, the legal environment is quite different from that in other parts of the world. Countries such as the US, the UK, other European countries, Asia-Pacific, and other Middle Eastern countries such as the UAE focus on drafting policies that encourage foreign investments and ensure that business conditions are conducive to the growth of enterprises.

However, law and order in Saudi Arabia are governed by Saudi Arabian law or Shariah law. Shariah law does not conform to globally accepted standards in its key principles. Unlike other Middle Eastern countries, such as the UAE, Saudi Arabia does not have a predominant civil code or commercial legal framework. Thus, the absence of legal frameworks will hinder the growth of the IT industry, thus impacting the market in focus negatively during the forecast period.

Saudi Arabia IT Market Segmentation By Component

The market share growth by the hardware segment will be significant during the forecast period. Organizations need to store and process data associated with their business in an effective manner, so as to simplify their processes, which can be achieved by building a robust IT hardware infrastructure consisting of servers, storage devices, network equipment, and devices, such as laptops, tablets, mobiles, and wearables.

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The hardware segment showed a gradual increase in the market share of USD 5.64 billion in 2017 and continued to grow by 2021. The economy of Saudi Arabia is emerging, and the country has recently begun to adopt modern technologies. The country is in the process of developing its IT infrastructure, which will require investments in network, storage, and server hardware by companies operating in various sectors.

Saudi Arabia IT Market Segmentation By End-user

The use of IT in the government sector is primarily in areas such as defense, the development of public utilities, government-controlled energy companies, public healthcare, municipal and rural affairs, and housing development. The Vision 2030 Program of the Saudi Arabian government envisages significant IT investments through the government sector and the National Transformation Program (NTP) initiative. In the government sector, IT will primarily be used to construct smart cities. The government's objective is to build value networks across public sector organizations, telecommunications companies, and information and communication technology providers. In order to build smart cities and to encourage the adoption of ICT by small and medium-sized enterprises (SMEs), all entities that are part of these value networks will work together, and execute e-health, e-learning, and other transformational projects, which will drive the growth of the Saudi Arabia - IT Market during the forecast period.

Saudi Arabia IT Market Customer Landscape

The Saudi Arabia IT Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Saudi Arabia IT Market Customer Landscape

Who are the Major Saudi Arabia IT Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Accenture Plc- The company offers IT products and services, such as computer services, cloud services, data services, software engineering, infrastructure engineering, platform services, technology innovation, living systems, security, automation, and application management services.

Amazon.com Inc.- The company offers IT products and services through Amazon Web Service such as cloud-based products which includes computing, storage, databases, analytics, networking, mobile, developer tools, management tools, IoT, security, and enterprise applications.

Alphabet Inc.- The company offers IT products and services, such as application services, software services, computer services, cloud services, infrastructure services, Google Cloud Platform, Google Workspace, data analytics platforms, collaboration tools, ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The Saudi Arabia IT Market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Component Outlook (USD billion, 2017 - 2027)
- Hardware
- Services
- Software

End-user Outlook (USD billion, 2017 - 2027)
- Government
- Telecommunication
- BFSI
- Oil and gas
- Others

Region Outlook (USD billion, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa
- South America
  - Chile
  - Argentina
  - Brazil

Saudi Arabia IT Market Scope
Report Coverage	Details
Page number	149
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.48%
Market growth 2023-2027	USD 5.44 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	5.93
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	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.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Saudi Arabia IT Market In the Country Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the size of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across Saudi Arabia
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Component
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 10: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 12: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 13: Chart on Saudi Arabia: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on Saudi Arabia: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 IT market in Saudi Arabia 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on it market in saudi Arabia 2017 - 2021 ($ billion)

4.2 Component Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Component Segment 2017 - 2021 ($ billion)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segments
- Exhibit 25: Chart on Component - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Component - Market share 2022-2027 (%)

6.2 Comparison by Component
- Exhibit 27: Chart on Comparison by Component
- Exhibit 28: Data Table on Comparison by Component

6.3 Hardware - Market size and forecast 2022-2027
- Exhibit 29: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
- Exhibit 30: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
- Exhibit 31: Chart on Hardware - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

6.4 Services - Market size and forecast 2022-2027
- Exhibit 33: Chart on Services - Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Services - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Services - Year-over-year growth 2022-2027 (%)

6.5 Software - Market size and forecast 2022-2027
- Exhibit 37: Chart on Software - Market size and forecast 2022-2027 ($ billion)
- Exhibit 38: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Chart on Software - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Software - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Component
- Exhibit 41: Market opportunity by Component ($ billion)
- Exhibit 42: Data Table on Market opportunity by Component ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 45: Chart on Comparison by End-user
- Exhibit 46: Data Table on Comparison by End-user

7.3 Government - Market size and forecast 2022-2027
- Exhibit 47: Chart on Government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on Government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on Government - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Government - Year-over-year growth 2022-2027 (%)

7.4 Telecommunication - Market size and forecast 2022-2027
- Exhibit 51: Chart on Telecommunication - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Telecommunication - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Telecommunication - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Telecommunication - Year-over-year growth 2022-2027 (%)

7.5 BFSI - Market size and forecast 2022-2027
- Exhibit 55: Chart on BFSI - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on BFSI - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on BFSI - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

7.6 Oil and gas - Market size and forecast 2022-2027
- Exhibit 59: Chart on Oil and gas - Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)

7.7 Others - Market size and forecast 2022-2027
- Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by End-user
- Exhibit 67: Market opportunity by End-user ($ billion)
- Exhibit 68: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 70: Impact of drivers and challenges in 2022 and 2027

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 71: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 72: Overview on factors of disruption

10.4 Industry risks
- Exhibit 73: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 74: Vendors covered

11.2 Market positioning of vendors
- Exhibit 75: Matrix on vendor position and classification

11.3 Accenture Plc
- Exhibit 76: Accenture Plc - Overview
- Exhibit 77: Accenture Plc - Business segments
- Exhibit 78: Accenture Plc - Key news
- Exhibit 79: Accenture Plc - Key offerings
- Exhibit 80: Accenture Plc - Segment focus

11.4 Al Moammar Information Systems Co.
- Exhibit 81: Al Moammar Information Systems Co. - Overview
- Exhibit 82: Al Moammar Information Systems Co. - Product / Service
- Exhibit 83: Al Moammar Information Systems Co. - Key offerings

11.5 Alphabet Inc.
- Exhibit 84: Alphabet Inc. - Overview
- Exhibit 85: Alphabet Inc. - Business segments
- Exhibit 86: Alphabet Inc. - Key news
- Exhibit 87: Alphabet Inc. - Key offerings
- Exhibit 88: Alphabet Inc. - Segment focus

11.6 Amazon.com Inc.
- Exhibit 89: Amazon.com Inc. - Overview
- Exhibit 90: Amazon.com Inc. - Business segments
- Exhibit 91: Amazon.com Inc. - Key news
- Exhibit 92: Amazon.com Inc. - Key offerings
- Exhibit 93: Amazon.com Inc. - Segment focus

11.7 Cisco Systems Inc.
- Exhibit 94: Cisco Systems Inc. - Overview
- Exhibit 95: Cisco Systems Inc. - Business segments
- Exhibit 96: Cisco Systems Inc. - Key news
- Exhibit 97: Cisco Systems Inc. - Key offerings
- Exhibit 98: Cisco Systems Inc. - Segment focus

11.8 Cognizant Technology Solutions Corp.
- Exhibit 99: Cognizant Technology Solutions Corp. - Overview
- Exhibit 100: Cognizant Technology Solutions Corp. - Business segments
- Exhibit 101: Cognizant Technology Solutions Corp. - Key news
- Exhibit 102: Cognizant Technology Solutions Corp. - Key offerings
- Exhibit 103: Cognizant Technology Solutions Corp. - Segment focus

11.9 Comprehensive Technology Co.
- Exhibit 104: Comprehensive Technology Co. - Overview
- Exhibit 105: Comprehensive Technology Co. - Product / Service
- Exhibit 106: Comprehensive Technology Co. - Key offerings

11.10 Easy World Automation LLC
- Exhibit 107: Easy World Automation LLC - Overview
- Exhibit 108: Easy World Automation LLC - Product / Service
- Exhibit 109: Easy World Automation LLC - Key offerings

11.11 Ejada Systems Ltd.
- Exhibit 110: Ejada Systems Ltd. - Overview
- Exhibit 111: Ejada Systems Ltd. - Product / Service
- Exhibit 112: Ejada Systems Ltd. - Key offerings

11.12 Hewlett Packard Enterprise Co.
- Exhibit 113: Hewlett Packard Enterprise Co. - Overview
- Exhibit 114: Hewlett Packard Enterprise Co. - Business segments
- Exhibit 115: Hewlett Packard Enterprise Co. - Key news
- Exhibit 116: Hewlett Packard Enterprise Co. - Key offerings
- Exhibit 117: Hewlett Packard Enterprise Co. - Segment focus

11.13 Huawei Technologies Co. Ltd.
- Exhibit 118: Huawei Technologies Co. Ltd. - Overview
- Exhibit 119: Huawei Technologies Co. Ltd. - Business segments
- Exhibit 120: Huawei Technologies Co. Ltd. - Key news
- Exhibit 121: Huawei Technologies Co. Ltd. - Key offerings
- Exhibit 122: Huawei Technologies Co. Ltd. - Segment focus

11.14 International Business Machines Corp.
- Exhibit 123: International Business Machines Corp. - Overview
- Exhibit 124: International Business Machines Corp. - Business segments
- Exhibit 125: International Business Machines Corp. - Key news
- Exhibit 126: International Business Machines Corp. - Key offerings
- Exhibit 127: International Business Machines Corp. - Segment focus

11.15 Microsoft Corp.
- Exhibit 128: Microsoft Corp. - Overview
- Exhibit 129: Microsoft Corp. - Business segments
- Exhibit 130: Microsoft Corp. - Key news
- Exhibit 131: Microsoft Corp. - Key offerings
- Exhibit 132: Microsoft Corp. - Segment focus

11.16 Oracle Corp.
- Exhibit 133: Oracle Corp. - Overview
- Exhibit 134: Oracle Corp. - Business segments
- Exhibit 135: Oracle Corp. - Key news
- Exhibit 136: Oracle Corp. - Key offerings
- Exhibit 137: Oracle Corp. - Segment focus

11.17 SAP SE
- Exhibit 138: SAP SE - Overview
- Exhibit 139: SAP SE - Business segments
- Exhibit 140: SAP SE - Key news
- Exhibit 141: SAP SE - Key offerings
- Exhibit 142: SAP SE - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 143: Inclusions checklist
- Exhibit 144: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 145: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 146: Research methodology
- Exhibit 147: Validation techniques employed for market sizing
- Exhibit 148: Information sources

12.5 List of abbreviations
- Exhibit 149: List of abbreviations

Methodology

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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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