IT Market in Saudi Arabia 2022-2026

IT Market in Saudi Arabia 2022-2026

  • March 2022 •
  • 120 pages •
  • Report ID: 5628447 •
  • Format: PDF
IT Market in Saudi Arabia 2022-2026
The analyst has been monitoring the IT market in Saudi Arabia and it is poised to grow by $ 5.00 mn during 2022-2026 progressing at a CAGR of 7.78% during the forecast period. Our report on the IT market in Saudi Arabia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the launch of National Transformation Program (NTP), use of IT in the creation of NEOM, and booming e-commerce sector.
The IT market in Saudi Arabia analysis includes end-user and component segments.

The IT market in Saudi Arabia is segmented as below:
By End-user
• Government
• Telecommunication
• BFSI
• Oil and gas
• Others

By Component
• Hardware
• Services
• Software

This study identifies the booming e-commerce sectoras one of the prime reasons driving the IT market growth in Saudi Arabia during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on IT market in Saudi Arabia covers the following areas:
• IT market sizing
• IT market forecast
• IT market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT market vendors in Saudi Arabia that include 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. Also, the IT market in Saudi Arabia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.