Saudi Arabia Custom Software Development Market Size & Outlook
Saudi Arabia custom software development market, 2018-2030 (US$M)
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Saudi Arabia custom software development market highlights
- The Saudi Arabia custom software development market generated a revenue of USD 638.0 million in 2023 and is expected to reach USD 2,406.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 20.9% from 2024 to 2030.
- In terms of segment, enterprise software was the largest revenue generating solution in 2023.
- Enterprise Software is the most lucrative solution segment registering the fastest growth during the forecast period.
Custom software development market data book summary
| Market revenue in 2023 | USD 638.0 million |
| Market revenue in 2030 | USD 2,406.2 million |
| Growth rate | 20.9% (CAGR from 2023 to 2030) |
| Largest segment | Enterprise software |
| Fastest growing segment | Enterprise Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Web-based Solutions, Mobile App, Enterprise Software |
| Key market players worldwide | Accenture PLC Class A, Capgemini SE, Cognizant Technology Solutions Corp Class A, HCL Technologies, Infosys Ltd ADR, Microsoft Corp, Thoughtworks Holding Inc, TietoEVRY Corp ADR, Tata Consultancy Services, Brainvire, Iflexion, Infopulse, Magora, Trigent, TRooTech Business Solutions |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.8% of the global custom software development market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa custom software development market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,255.5 million by 2030.
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Custom Software Development Market Scope
Custom Software Development Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia custom software development market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to custom software development market will help companies and investors design strategic landscapes.
Enterprise software was the largest segment with a revenue share of 60.14% in 2023. Horizon Databook has segmented the Saudi Arabia custom software development market based on web-based solutions, mobile app, enterprise software covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the Saudi Arabia custom software development market can be attributed to increasing investment into various initiatives aimed at ICT developments in the country. For instance, in March 2022, in alignment with Saudi Arabia's Vision 2030 for nationwide digital transformation, BMC Software, a leader in IT solutions, partnered with Al Moammar Information Systems (MIS) to launch Saudi Helix, a localized version of the BMC Helix platform.
This initiative complies with regulations set forth by the Ministry of Communications and Information Technology (MCIT) to host IT platforms for national entities within the Kingdom. This strategic collaboration between BMC, MIS, and the government is expected to foster the development of innovative cloud services.
The Saudi Helix platform empowers organizations to implement intelligent service automation, enabling them to deliver agile, efficient service improvements, and a consumer-like user experience within the workplace, which caters to the evolving needs of a technologically advanced workforce.
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Our clientele includes a mix of custom software development market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia custom software development market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia custom software development market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia custom software development market size, by solution, 2018-2030 (US$M)
Saudi Arabia Custom Software Development Market Outlook Share, 2023 & 2030 (US$M)
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